Deceased Estate - Apartment Block With 18 Apartments

OPENING BIDS TO BE ADJUSTED IN DUE COURSE

Deceased Estate (Master Ref no. 025734/2024)

No Reserve - Subject to Master's Consent.

LIVE & ONLINE AUCTION

Auction Time & Date: Tuesday 10 November 2026 @ 12:00

Registration: Online & On-site at the Auction Venue.

Venue: The DHL Stadium, Business Lounge G, Fritz Sonnenberg Road, Green Point, Cape Town. Registration at the venue will be open from 10:30.

Online Registrations will close on Monday 9th November 2026 at 17:00.

DESCRIPTION:

This prime apartment block is situated in the heart of Belmont Park and close to all major shopping centres and schools in the area. There is a shortage of accommodation in the area, which makes this a great investment.

PROPERTY:

• 18 Apartments
• Not sectionalised
• Ample parking for tenants and visitors
• 90% Tenanted
• All apartments are 2 bedrooms
• Rental income per apartment ±R6,050.00 per month
• Leases are all month-to-month
• Potential income when all let – ±R109,440.00 per month
• Some apartments need some TLC
• Block needs some TLC

DETAILS:

• Erf No:  2880 & 3753, Kraaifontein
• Erf size (Extent):  991m² & 496m²
• Rates: ±R6,458.69 per month
• Zoning:  Single Residential 1

Web Ref:  769565

Transfer Duty Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers' fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.

ONLINE REGISTRATION REQUIREMENTS:

To bid at the auction, you need to provide a copy of your identity document and current proof of residence (not older than 3 months), as well as a R50,000 Refundable Registration Fee for Online Registration  

Registration fee payable via EFT only, no card payments allowed. 

ON-SITE REGISTRATION REQUIREMENTS:

To bid at the auction, you need to provide a copy of your identity document and current proof of residence (not older than 3 months), as well as a R25,000 Refundable Registration Fee for On-site Registration.

Registration fee payable via EFT only, no card payments allowed. 

FICA REQUIREMENTS:

All relevant documentation will be required for registering on behalf of a person/entity as follows:

PERSON:

• Copy of your ID
• Proof of residence - not older than 3 months 
• Bank confirmation letter (Applicable once proof of payment is sent)

COMPANY:

• Company Registration documents
• Resolution signed by all Shareholders authorising Bidder
• Copy of all Shareholders/Directors ID
• Proof of Company Address - not older than 3 months
• Company Tax Clearance Certificate
• Bank confirmation letter (Applicable once proof of payment is sent)

TRUST:

• Trust Registration documents
• Resolutions signed by all Trustees authorising Bidder
• Copy of all Trustee's ID's
• Proof of Trust Address - not older than 3 months
• Trust Tax Clearance Certificate
• Bank confirmation letter (Applicable once proof of payment is sent)

All relevant documentation will be required for registering on behalf of a Non-Profit Organisation as follows:

• Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate)
• Section 21 company registration documents
• Resolution signed by all directors/office bearers authorising Bidder
• Copy of director's/office bearers’ ID's
• Proof of organisation's address - not older than 3 months
• Organisation's Tax Clearance Certificate/Public Benefit Organisation Certificate (PBO Certificate)
• Bank confirmation letter (Applicable once proof of payment is sent)

DISCLAIMER:

The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

Josh Raisun | 078 888 9534 | 021 425 8822 | [email protected]

Farrell Perling | 072 040 7274 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]