2 Bedroom Apartment / flat on auction in Cape Town City Centre

Live Auction: 28 May Unit 176 at The Towers at Mandela Rhodes Place is a 2-bedroom, 2-bathroom, 119sqm sectional title apartment on the 17th floor of one of Cape Town's most recognisable buildings, at the corner of Wale and Burg Street in the CBD. Offered fully furnished and ready to occupy or let, the unit features an open-plan living and dining area, modern fitted kitchen, generous master bedroom and a private balcony with unobstructed views over the city and Signal Hill. It carries short-term rental approval, backed by the CBD's strong short-term rental demand driven by its proximity to Parliament, the Courts, and major corporates. The building provides 24-hour security, access control, a rooftop lap pool, communal entertainment deck and a complimentary Edge Fitness Gym membership. Key Features: • Prime address at The Towers at Mandela Rhodes Place. • Sold fully furnished and move-in ready. • Short-term rental opportunity, Airbnb approved. • Long term estimated gross monthly rental of R35,700. • Additional features include secure single basement parking, rooftop pool, 24-hour security, no loadshedding and a complimentary Edge Fitness Gym membership. 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.