ONLINE AUCTION NOW LIVE  (DECEASED ESTATE D'ANGELO)

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

BIDDING STARTING AT R1 100 000

Bidding/offers  now open and closes on 31st 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&B  allowance. The lovely kitchen is beautifully fitted with new appliances  (undercounter oven, hob & 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&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.