Commercial - Retail on Auction in Gandhi's Hill

Description

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. • Secure potential multiple rental streams on this vacant building from one prominently positioned property on 467 Gopalall Hurbans Road, Tongaat’s main road. • Combining commercial premises and residential accommodation with extensive parking, this mixed-use investment offers an established accommodation base and opportunities to grow its rental potential. Erf extent 2065sqm with a floor space GLA of approximately 1650 sqm The property comprises four ground-floor shops, first-floor offices and 14 apartments: nine two-bedroom units, one three-bedroom unit and four one-bedroom units, each with one bathroom. This mix allows an investor to spread rental exposure across residential, retail and office tenants. Main-road frontage gives the shops valuable visibility, while the large parking area accommodates approximately 35 vehicles. Three-phase electricity, a separate workshop of approximately 160 m², storage areas and ablution facilities further broaden the property’s appeal to business tenants. There is scope to unlock additional rental income through the potential conversion of the second-floor lounge into offices and the rear area into a fifth shop. These opportunities, together with the workshop’s continued use, are subject to confirmation of the necessary permissions. The property offers convenient access to King Shaka International Airport, Dube Trade Port and Ballito, connecting it to surrounding business and employment centres. The original fuel-station pillars remain on site, preserving a distinctive feature of the property’s past. For an investor, the opportunity lies in the combination of rental diversification, main-road exposure, substantial parking and additional space that could be brought into productive use. DETAILS: • Erf no: 290-1, Tongaat • Erf size: 2065m² • Zoning: General Commercial 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 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 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 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) 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.