2 Bedroom Apartment / flat on auction in Rosebank

Live Auction: 23 June 2026 This contemporary 2-bedroom apartment in Astra Court, Rosebank offers a well-maintained, furnished residential investment opportunity with an existing tenant in place. Positioned on the top floor, the 72m² apartment features neat contemporary finishes, tiled living areas, a modern kitchen, balcony access, and a 12m² sectional garage. The property is tenanted until 28 February 2027, generating a gross annual income of R222,000. Its location within walking distance of the UCT Jammie Shuttle Liesbeek Stop, and near universities, colleges, public transport, and key employment nodes, supports demand from both students and young professionals, strengthening its rental profile and long-term occupancy potential. Key Features • Furnished top-floor apartment measuring 72m², offering a practical 2-bedroom layout with balcony access and neat, low-maintenance finishes suited to tenant occupation. • Includes a 12m² sectional garage, providing secure parking and additional storage convenience. • Secure access-controlled complex with remote-controlled gate access, adding convenience and peace of mind for occupants. • Income-producing investment tenanted until 28 February 2027, generating a gross annual income of R222,000. • Appealing to students and young professionals, with convenient access to transport routes, nearby amenities, and established Cape Town education and employment nodes. • Strategic Rosebank rental location, supported by strong tenant demand, walking distance to the UCT Jammie Shuttle Liesbeek Stop, and proximity to tertiary education institutions including CampusKey Rosebank and CPUT Rosebank Campus. 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.

23 Bridge Street, Rosebank, Cape Town, 7700, Rosebank, Cape Town, Western Cape