Apartment / flat on auction in Cape Town City Centre

Going on Auction: Wednesday 24 June 2026 Reserve Price: R1 500 000.00 (All offers will be reviewed) Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer) Stylish, fully furnished studio apartment in a secure complex, featuring built-in cupboards, main en-suite, open-plan lounge and dining, and a modern kitchen with postform countertops, undercounter oven, hob & extractor fan. With laminated flooring, air-conditioning, stairs & lift access, this turnkey unit is Airbnb-friendly, ideal for short- and long-term letting with potential nightly rates of R2,000 – R2,500, and vacant on transfer – offering both comfortable living and instant rental income in a high-demand location. Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.