Commercial - Land on Auction in Pelican Park

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 May 2026 @ 09:00 Bidding End Time: Thursday 28 May 2026 @ 14:30 Registration is essential by Monday 25 May 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Strategically positioned on the high-traffic Strandfontein Road, this prime development site is located within a densely populated residential catchment area in the Southern Suburbs. The property benefits from exceptional visibility and consistent passing traffic, making it ideal for retail exposure and branding. The approved site development plan (SDP) accommodates a well-balanced neighbourhood shopping centre with the following layout: • Shop 1 (Anchor Tenant): 1,460m² retail + 101m² office • Shop 2: 304m² retail • Shop 3: 127m² retail • Shop 4: 30m² retail • Shop 5: 59m² retail • Shop 6: 8m² ATM facility Key Metrics: • Gross lettable area (GLA): 2,089m² • Projected Net Income: ±R326,000 per month (±R3,912,000 per annum) The development also offers the flexibility to incorporate a residential component above the retail, enhancing yield and diversifying income streams. Neighborhood shopping centers are currently in high demand, particularly in established residential nodes where convenience retail is essential. This turnkey opportunity, with an approved SDP, significantly reduces development lead time and risk. DETAILS: • Erf no: 2709, Pelikan Park • Erf size: 5036m² • Zoning: General Business 1 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. 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 R20,000 refundable registration fee. 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.