Commercial - Land on Auction in Maitland

Description

Deceased Estate Shafiq Naser (Master Ref no.021259/2023) ONLINE AUCTION Bidding Start Time: Wednesday 24 June 2026 @ 09:00 Bidding End Time: Thursday 25 June 2026 @ 14:30 Registration is essential by Monday, 22 June 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Calling Developers & Investors Fantastic Investment. An opportunity to build 34 apartments, possibility to do 49 apartments development - high demand area and high rental. • Seller has proposed plans - on final approval stage. • Few minutes from CBD and stone-throw from train station. • Perfect to be developed for students' accommodation & rental - huge rental market or on-sell units. Make an offer today. DETAILS: • Erf no: 172980, Cape Town • Erf size: 1442m² • Zoning: General Residential 4 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.