2 Bedroom Apartment / flat on auction in Newlands

Live Auction: 23 June 2026 • Tenanted, Two-Bedroom and one bathroom flat • Projected GAI of R264,000 • Newly renovated with modern kitchen and bathroom • Located in Newlands, within walking distance of Montclare and Cavendish Auction Terms and Buyer Information: • Buyer Costs: 16.5% payable on auction day (10% commission + VAT on commission + 5% deposit towards purchase price). • Registration Fee: R50,000 (live/venue bidders) | R100,000 (telephonic/online bidders). All bids constitute a legally binding offer, and the highest bidder is required to sign the Auction Sale Agreement immediately upon the fall of the hammer; failure or refusal to sign constitutes a breach and results in forfeiture of the registration deposit. The sale is subject to a reserve price unless otherwise stated. The property is sold voetstoots, as-is with no warranties or guarantees, and all bidders must provide valid FICA documentation prior to registration.