Apartment / flat on auction in Brooklyn

Going on Auction: Wednesday 26 August 2026 Reserve Price: R20 000 000.00. (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) Exceptional investment opportunity with strong rental demand. Positioned on a substantial 707sqm full-title ERF, this highly lucrative multi-unit residential property presents an outstanding opportunity for investors seeking strong cash flow and long-term portfolio growth. The standalone three-storey building features a durable low-maintenance exterior, secure perimeter walling, and a spacious yard with ample potential for additional parking or future expansion. Designed to maximize rental income, the property comprises multiple self-contained units ranging from bachelor apartments to larger multi-bedroom configurations, each accessed via secure external staircases and fitted with burglar bars and security gates for added tenant safety. Ideally located just 150 meters from shopping amenities and public transport routes, this high-density income-generating asset offers immediate returns, excellent tenant demand, and significant value-add potential, making it a true turnkey investment ready to perform from day one. 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