# Commercial Property for auction in Ramsgate, Margate - **Price:** R2,900,000 - **Location:** Ramsgate, Margate - **Web Ref:** 1350073 ## Details - ERF Size 505 m² - Building Size 226m² - Rates R3,631 per month ## Interior features - 2 Bathrooms ## Description Going on Auction: Wednesday 29 July 2026 Reserve Price: R2 900 000.00 (All offers will be reviewed) Expected Opening Bid: R2 500 000.00 Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)   Prime commercial gem in Ramsgate's heart – 505sqm property (expandable to 650sqm) with huge potential for restaurants, cafes, or business. Features commercial kitchen, dining area, private lounge, outdoor braai space & parking (7 bays + street parking). Former popular restaurant, perfect for entrepreneurs to tap into local vibe. Ideal for retail, residential or entertainment ventures. Excellent visibility, easy access, and new zoning unlock endless possibilities. Stunning location on main street with city & coastal exposure. Huge outdoor area for events, plus backup water tanks & admin offices. Rare opportunity in a sought-after coastal spot – massive potential for growth & investment returns. Cold room, storerooms, & gas room add to functionality. Secure your spot in Ramsgate's thriving hub. The property is vacant for more than a year and has been vandalized. Only the property is for sale and is not offered as a running concern. Full due diligence advisable. Vacant on transfer. Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers. ## Agents - Karina Pretorius — 0814634818 — karina.pretorius@rawson.co.za - Tanya Jovanovski — 0799803457 — tanya.auctions@rawson.co.za ## Office - Rawson Auctions Western Cape — 079 980 3457 --- [View this property on rawson.co.za](https://rawson.co.za/property/for-auction/rawson-auctions-western-cape/1350073)