2 Bedroom apartment for auction in Shelly Beach, Margate

Modern two-bedroom apartment with excellent amenities and secure living.

Going on Auction: Wednesday 28 May 2025
Reserve Price: R830 000.00. (All offers will be reviewed)
Expected Opening Bid: R821 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)  

This modern two-bedroom apartment features air-conditioning in both bedrooms, with the main bedroom opening onto a private balcony with partial sea view as it overlooks St Michael’s Main Beach to the left of the building. Main en-suite and one family bathroom. The open-plan lounge and dining area lead to a well-equipped kitchen. Outside, enjoy a communal garden, braai area, pool, one carport, and guest parking. Security features include burglar bars, a remote-controlled gate, and 24-hour guarded access. Additional conveniences include Jo-Jo tanks for backup water. The current rental income is R8,000.00 per month, with the lease expiring on 31 May 2025 and the unit becoming vacant upon transfer. Sold fully furnished.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.