2 Bedroom apartment for auction in Margate Beach

Modern two-bedroom apartment in secure complex with sea views.

Going on Auction: Wednesday 23 July 2025
Reserve Price: R1 000 000.00 (All offers will be reviewed)
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 spacious two-bedroom apartment offers comfortable modern living with an open-plan lounge and dining area leading to a fully fitted kitchen. The unit includes a main en-suite and a family bathroom for added convenience. It comes with one secure covered parking bay and one open parking space. Located in a well-maintained complex featuring a communal garden, remote-controlled gate access, electric fencing, and twenty-four-hour security monitoring. Additional features include two 5000L JoJo water tanks with a pump servicing the complex. Ideal for homeowners or investors, with a potential rental income of R10,000 per month. Vacant on 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.