Commercial Property for auction in Margate Beach

Opening Offers and bids From R500 000.00 negotiated

Mixed-use investment with secure rental income.

Purchasers are responsible for a 10% commission plus VAT payment on the agreed purchase price, payable to Rawson Auctions on the fall of the hammer.

Going on Auction 26 August 2026

Multiple income streams backed by established lease agreements.

This mixed-use investment property offers an additional rental income of R11,500 per month (R138,000 per annum) from a 60m² two-bedroom flatlet and a 60m² office, complementing the current rental income of R46,140.87 per month. The flatlet comprises two bedrooms with built-in cupboards, one bathroom with a bath, a separate toilet and basin, an open-plan lounge and dining area, and a kitchen fitted with melamine countertops, built-in cupboards, and a pantry. The office features a spacious open-plan layout, a reception area, and bathroom facilities. The flatlet is currently leased at R5,000 per month until 30 June 2027, while the office is leased at R5,500 per month until 28 February 2027. The seller has disclosed that the body corporate will attend to painting the ceiling and walls affected by previous water leaks. Prospective purchasers are required to conduct their own due diligence. The property is sold voetstoots.

This property is offered subject to a reserve price. All bids and offers are subject to confirmation by the seller.