Newly Renovated Apartment Block

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 28 May 2025 @ 09:00

Bidding End Time: Thursday 29 May 2025 @ 14:30

Registration is essential by Monday 26 May 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

Welcome To Roodebloem Mansions.

An opportunity to acquire a piece of Woodstock history. Conveniently located on the popular Roodebloem Road among all the trendy restaurants and eateries. Situated on the MyCiti bus route and close to the CBD.

The building has just gone through a complete renovation so the all units come fitted with taste-full finishes. You don’t want to miss this one.

Property info:

• None Sectional Title
• Zoning: GB1
• 6 Large apartments
• All units are 2-bedroom apartments (±80m²) (potential to convert to 3 bedrooms)
• Each unit has a large balcony with spectacular views
• Common area has its own meter
• Common area, Courtyard
• Property has 1 garage on Chamberlain Street
• Ample off-street parking

Ideal for:

• Student accommodation
• Rent per room model

Take advantage of the business zoning (GB1). Ideal for a medical facility consisting of Doctor, Dentist, Chiropractor, Psychologist or convert into holistic/wellness facility. The possibilities are endless.

Opportunity to set the rent at market value as the building is vacant.

• Potential Rental Income:  ±R120,000 per month or ±R1,440,000 per annum
• Utilities:  ±R11,000 per month

Please reach out to discuss more in detail.

DETAILS:

• Erf No:  14056, Cape Town
• Erf Size:  531m²
• Rates:  TBC
• Zoning:  General Business 1

Web Ref:  740307

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.

Shameer Isaacs | 081 759 8302 | 021 425 8822 | shameer@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za