| Prime Observatory redevelopment opportunity with exceptional potential. |
Going on Auction: Wednesday 24 June 2026
Reserve Price: R2 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)
Fire-damaged property offering outstanding development potential.
An exceptional redevelopment opportunity in the heart of Observatory, this fire-damaged property offers discerning purchasers the rare chance to secure a prime parcel of land in one of Cape Town’s most vibrant and sought-after urban suburbs. Positioned within close proximity to leading academic institutions, medical facilities, transport routes, and the city centre, the property presents outstanding potential to design and build a bespoke residence or investment project tailored to modern living. Observatory continues to attract strong demand due to its unique character, central convenience, and ongoing urban renewal, making this an attractive prospect for developers, investors, and visionary homeowners alike. The owner has disclosed that the existing structure sustained severe fire damage and is intended for demolition. Purchasers are advised to conduct their own due diligence with regard to zoning, approvals, and development potential. The property is sold voetstoots. HERITAGE NOTICE: The property may be subject to heritage-related restrictions and approvals. Purchasers are advised to conduct their own due diligence.
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.
ERF Size 216 m²
Rates R1,812 per month
|
|
Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Ettienne de Lange
c. 0781201711
ettienne.delange@rawson.co.za
|
