Yeah no advisable, you will be double taxed if you ever sell1) There is nothing in the tax rules or the companies legislation to stop your company buying an apartment
2) I would imagine that the rules of the Apartment Block and maybe the planning rules would not allow it.
3) It's crazy for a company to be buying property. Buy it in your own names and let it to the company if the company is using it.This is discussed at length in a Key Post.