Luxury 2 Bedroom Sea Point Apartment On Auction: Section 50 & 53 SS Wavecrest, 305 Beach Road, Sea Point
Sea Point, Western Cape
Apartment On Auction, 116m2 @ R 13 000 000,00 *
Luxury 2 Bedroom Sea Point Apartment On Auction
Live Auction: 4 December 2025!
Situated in the prestigious Wavecrest sectional title scheme in Sea Point, this premium Atlantic Seaboard apartment offers an exceptional investment opportunity for the discerning residential investor. Currently undergoing renovation, the spacious 109m² apartment (Section 50) will feature two generously sized bedrooms, each with its own en suite bathroom—perfect for modern, luxurious coastal living. The property also includes a separate storeroom (Section 53), ideal for added convenience. This beach-facing unit boasts a large balcony with uninterrupted ocean views, creating a serene and highly desirable living space.
The block is impeccably managed with solid financials and meticulous upkeep, ensuring long-term value and peace of mind. Residents enjoy close proximity to Sea Point’s finest restaurants, shopping, and a variety of beautiful beaches, making it a prime location for both lifestyle buyers and tenants. Whether you’re looking to secure a high-performing rental property or a stylish coastal retreat, this Wavecrest apartment offers a rare blend of position, potential, and prestige.
Key Features
• Premium Atlantic Seaboard investment opportunity
• Meticulously maintained block with solid financials
• Apartment currently under renovation: 2 bedrooms, each with en-suite bathrooms
• Beachfront-facing unit with large balcony and stunning sea views
• Section 50 – 109m² apartment | Section 53 – 7m² storeroom
• Close to top-end restaurants, shopping, and beaches
• Monthly Rates: ±R3,629 | Monthly Levies: ±R5,498
• VAT Registered: No
Auction Terms and Buyer Info
• Buyer Costs: 16.5% payable on auction day
• Registration Fee: R50,000 (live/venue) | R100,000 (online/telephonic)
All bids are legally binding. The highest bidder must sign the Auction Sale Agreement immediately; failure to do so results in forfeiture of the registration deposit. Property is sold voetstoots, with no warranties, and bidders must provide valid FICA documentation before registering. The sale is subject to a reserve price unless stated otherwise.