2 Bedroom Apartment / flat on auction in Mowbray

Live Auction: 23 June 2026 This well-positioned 57m² two-bedroom apartment in Mowbray presents a compelling investment opportunity within one of Cape Town’s most active rental nodes. The unit is currently tenanted with a lease expiring 28 February 2027, generating a gross annual income of R216,000, offering immediate cash flow with flexibility for future optimisation. While ideally suited to the student accommodation market due to its proximity to surrounding institutions, the layout and location equally support demand from young professionals seeking affordable, well-located shared accommodation with access to key transport routes and urban amenities. This dual-tenant appeal broadens the rental pool and strengthens long-term occupancy resilience. Key Features: • 57m² two-bedroom apartment. • Features on the property include parking and WiFi connectivity. • Tenanted with existing lease expiring 28 February 2027. • Gross annual income: R216,000. • Ideal for student accommodation investors due to strong rental demand, proven income, and proximity to campus which supports long-term occupancy. • Central location with access to transport routes and lifestyle amenities makes this property suited to young professional rentals. • Prime Mowbray location within student accommodation hub in walking distance to major universities and colleges. 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.