Commercial - Block of Flats on Auction in Woodstock

Description

Opening Bid: R 2,800,000 LIVE & ONLINE AUCTION Auction Time & Date: Thursday 17 September 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 Wednesday 16th September 2026 at 17:00. VIEWING DETAILS: 8 BETTINGTON SQUARE, WOODSTOCK • Thursday 10 September 2026 at 14:00. THE PROPERTY CONSISTS OF: Prime Woodstock Investment Opportunity This well-positioned multi-let investment is ideally located in the sought-after area of Woodstock, offering investors an excellent opportunity to unlock both rental income and capital growth. The property currently comprises 3 townhouses, with multiple strategies available to maximise its potential: OPTION 1 – SECTIONAL TITLE / RESALE Create sectional title or subdivide, renovate and sell each unit individually. • Potential selling price: ±R3,000,000 per unit • Potential combined selling price: ±R9,000,000 OPTION 2 – RENOVATE & RE-TENANT Renovate the existing units and re-tenant them at current market-related rental values, creating an attractive income-producing investment. OPTION 3 – STUDENT ACCOMMODATION The property is well suited for student accommodation, providing an opportunity to reposition the asset for potentially stronger rental returns. There is also scope to further develop or expand the existing building, subject to the relevant approvals. An exceptional opportunity for investors, developers and owner-occupiers looking to unlock significant value in a sought-after Woodstock location. NO PRE-AUCTION OFFERS WILL BE CONSIDERED. Please contact the auction broker for further information and details on the registration process. DETAILS: • Erf no (Extent): 13359, Cape Town (296m²) • Erf no (Extent): 13392, Cape Town (26m²) • 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. 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 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 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 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) 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.