Commercial - Block of Flats on Auction in Athlone

Description

ONLINE AUCTION Bidding Start Time: Wednesday 25 February 2026 @ 09:00 Bidding End Time: Thursday 26 February 2026 @ 14:30 Registration is essential by Monday 23 February 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Agents This Is An Exclusive Sole Mandate - Please Respect Our Sellers Choice Of Agency. This prime apartment block is situated in sought after Crawford. These properties is in great condition and offer you the perfect investment. The property is located approximately 1.2 kilometres from the M5 highway that leads to the N2 and N1. and is approximately 12.7 kilometres from the centre of Cape Town, 15.6 kilometres from the V&A Waterfront and 13.1 kilometres from Cape Town International Airport. It is within walking distance of the Crawford train station & access to taxis. • 25 Apartments • 12 Being semi completed (approved plans) • Income - ±R 165 596,00 pm • Vacancy - 2 Apartments (Potential income ±R13 800.00 pm) • Approved plans for 12 more studio apartments ( potential income - ±R54 000.00 pm) • 30 Parking bays - Rented out at ±R300.00 pm (income ±R9000.00 pm) • Current income from parking - ±R4800.00 pm • Total potential income - ±R242 396.00 pm • Studios x 3 • One bedroom x 10 • Two bedrooms x 10 • Three bedrooms x 2 • All units have pre paid electricity - tenants pay • All units get billed for water (central water system) • Laundry room • Fibre • Play area • Communal braai area • Office • Storeroom • No remotes - all finger print recognition to get into the property & building DETAILS: • Erf no: 38552, Cape Town • Erf size: 2 537m² • Zoning: General Residential 2 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. 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 R20,000 refundable registration fee. 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.