Key Features

• Opening Bid: R700 000
• Estimated Market Value: ±R1 800 000

• Land Area: ±496 m²
• Improvements: ±200 m² under roof
• Rates & Taxes: ±R4 175.00 pm

• Zoning: Commercial
• Electricity: 3-Phase power

• Layout: Divided into two separate sections
• Potential: Two income streams or owner-occupier + tenant

Accommodation & Improvements:

• Two offices with reception area
• Kitchen (restaurant-ready)
• Two sets of toilets (separate facilities)
• Two open areas
• Outside area with additional toilets
• Excellent street frontage and signage exposure
• Main road location with high passing trade

Detailed Property Description

This well-positioned dual-purpose commercial property presents a rare opportunity to acquire a high-visibility asset in Kensington’s established and busy Queen Street commercial hub. Ideally suited to investors, owner-occupiers, or entrepreneurs, the property offers exceptional flexibility, exposure, and income-generating potential.

Situated on a main arterial road, the property benefits from constant passing traffic, making it ideal for retail, office, restaurant, or mixed-use operations. The stand is cleverly configured into two distinct sections, allowing for dual tenancy, or the option to occupy one portion while leasing out the other, thereby maximising returns.

Internally, the property offers two offices with a reception area, as well as a dedicated restaurant or food outlet space complete with a kitchen and separate ablution facilities. The layout is practical and adaptable, catering to a variety of commercial uses. An outside area further enhances functionality, suitable for seating, storage, or operational use.

Additional benefits include 3-phase electricity, good accessibility to major highways and arterial routes, and strong branding and signage opportunities due to the property’s excellent street frontage.

With an opening bid of only R700 000 against an estimated market value of ±R1.8 million, this is an urgent disposal and a standout opportunity to secure a strategically located commercial property with huge upside potential.

A rare opportunity to invest in a high-demand commercial node with strong visibility, flexibility, and income-producing potential.