Studio Apartment in Sea Point

ONLINE AUCTION (DECEASED ESTATE) STUDIO APARTMENT

ONLINE AUCTION NOW LIVE (DECEASED ESTATE D''ANGELO)

Prime located Sea Point studio. Located on the world renowned Atlantic Seaboard in Cape Town, voted the number 2 destination in the world.

Bidding/offers now open and closes on 15th March 2024 unless sold prior, this studio apartment measuring 38sqm currently tenanted with a very good rental return of just over R100 000 per annum (tenant prepared to stay on and extend lease with escalation). the apartment block is AIR B and B allowance. The lovely kitchen is beautifully fitted with new appliances (undercounter oven, hob and extractor. Full bathroom with bath and shower. On street parking.

Reserve price set to go very quickly on this incredible investment with low levies and rates/taxes. Atlantic Seaboard properties are extremely sought after within South Africa as well as foreign investors.

Located just a stones throw away from the pristine beach and Sea Point promenade and within walking distance to the V and A Waterfront this apartment block is prime located amongst top restaurants and coffee bars, close to all amenities.

5% deposit of the purchase price and the auction commission of 10% plus vat thereon is payable immediately upon submitting an offer. Please note that the auction commission is payable over and above the purchase price offer.

Please contact auctioneer to arrange a private viewing.