Attorney Instruction - 2 For 1 Package - Income Generating Investment With Redevelopment Potential

LIVE & ONLINE AUCTION

Auction Time & Date: Tuesday 10 November 2026 @ 12:00

Registration: Online & On-site at the Auction Venue.

Venue: The DHL Stadium, Business Lounge G, Fritz Sonnenberg Road, Green Point, Cape Town. Registration at the venue will be open from 10:30.

Online Registrations will close on Monday 9th November 2026 at 17:00.

Can be bought together or separately.

Located in Klenvlei, on offer is a mountain-facing, free-standing, multi-tenanted property & adjacent vacant land for upside development potential. Combined erf ±1,268m² with both zoned SR1.

• Gross income ±R20,450 per month (±R245,400 per annum)
• Expenses ±R2,500 per month (±R30,000 per annum)
• Net income ±R17,950 per month (±R215,400 per annum)

Property Features:

• Main House: 4 bedrooms, communal kitchen, bathroom (shower and basin) with separate toilet room, massive, enclosed wrap-around yard
• Separate Flatlet: 1 bedroom, 1 bathroom, 1 kitchen, lounge (used as 2nd bedroom)
• Self-contained servants' quarters: 1 bedroom with en-suite bathroom (shower, toilet, basin), kitchen and lounge
• Each section has separate access entry points
• Parking for ±10 vehicles

All tenants are on short-term leases, allowing the purchaser vacant occupation or entering long-term leases themselves. 2 Pre-paid electricity meters in place. Tenant recoveries in place.

This larger-than-average multi-let property also includes ample parking space for well over 10 vehicles on-site.

2 Sets of seller conceptual plans available on request, gated community of 12 free-standing houses & secured townhouse apartment complex of 15 units.

Note: Any development proposed must still follow proper planning submissions and municipal bylaws; we advise that purchasers consult their architect and town planner accordingly.

Nearby main transport routes, SAPS, primary & secondary schools, religious places of worship, and recreational sports grounds and parks, to name a few.

DETAILS:

• Erf no (Extent): 5376, Kleinvlei (186m²)
• Erf no (Extent): 4271, Kleinvlei (1082m²)
• Rates: ±R197.07 per month
• Zoning: Single Residential 1

Web Ref:  769371

Transfer Duty Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers' fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.

ONLINE REGISTRATION REQUIREMENTS:

To bid at the auction, you need to provide a copy of your identity document and current proof of residence (not older than 3 months), as well as a R50,000 Refundable Registration Fee for Online Registration  

Registration fee payable via EFT only, no card payments allowed. 

ON-SITE REGISTRATION REQUIREMENTS:

To bid at the auction, you need to provide a copy of your identity document and current proof of residence (not older than 3 months), as well as a R25,000 Refundable Registration Fee for On-site Registration.

Registration fee payable via EFT only, no card payments allowed. 

FICA REQUIREMENTS:

All relevant documentation will be required for registering on behalf of a person/entity as follows:

PERSON:

• Copy of your ID
• Proof of residence - not older than 3 months 
• Bank confirmation letter (Applicable once proof of payment is sent)

COMPANY:

• Company Registration documents
• Resolution signed by all Shareholders authorising Bidder
• Copy of all Shareholders/Directors ID
• Proof of Company Address - not older than 3 months
• Company Tax Clearance Certificate
• Bank confirmation letter (Applicable once proof of payment is sent)

TRUST:

• Trust Registration documents
• Resolutions signed by all Trustees authorising Bidder
• Copy of all Trustee's ID's
• Proof of Trust Address - not older than 3 months
• Trust Tax Clearance Certificate
• Bank confirmation letter (Applicable once proof of payment is sent)

All relevant documentation will be required for registering on behalf of a Non-Profit Organisation as follows:

• Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate)
• Section 21 company registration documents
• Resolution signed by all directors/office bearers authorising Bidder
• Copy of director's/office bearers’ ID's
• Proof of organisation's address - not older than 3 months
• Organisation's Tax Clearance Certificate/Public Benefit Organisation Certificate (PBO Certificate)
• Bank confirmation letter (Applicable once proof of payment is sent)

DISCLAIMER:

The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

Sachin Boyjoonauth | 068 259 2425 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]