Blue-Chip Tenant - Nett Lease in Place

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.

DESCRIPTION:

This prime AAA net lease shopping centre is situated in sought-after and ever-so-popular Franschhoek and close to Rickety Bridge. The commercial element has two anchor tenants, namely Pick n Pay, Pick n Pay Liquor, and four other shops. The residential element has a three-bedroom house and four bachelor apartments. This is the only centre in the area to service the community, which makes this a great investment.

Property information:

• Net rental – ±R201,637.00 excl vat per month
• Pick n Pay still has 9 years left on the lease plus renewals of 5 years each
• AAA leases (tenants pay all expenses)
• Recoveries – rates, refuse, sewerage
• Owner only pays insurance and maintenance – R11,272.46 per month
• Pre–paid electricity meters for all tenants except PnP, who gets their own account
• Pre–paid water meters for all tenants except PnP, who gets their own account
• Escalation – 5% for Pick n Pay
• Escalation - 10% for all other tenants
• VAT entity – can zero-rate the transaction
• Rent roll available for serious buyers
• Zoning – usage – business

Commercial:

• Pick n Pay (because of a big increase in turnover, upgraded from Quali to full Pick n Pay)
• Pick n Pay Liquor
• Furniture store
• Champion fried chicken
• Funeral policy company
• Cell phone shop

Residential:

• 3 Bedroom house – 138m²
• 4 Bachelor apartments
• Extra bulk to develop

DETAILS:

• Erf no: 410, Le Roux
• Erf size: 2057m²
• Rates: ±R7,214.47 per month
• Zoning: TBC

Web Ref:  731266

VAT Applicable

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 
• Bank confirmation letter (Applicable once proof of payment is sent)

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
• Bank confirmation letter (Applicable once proof of payment is sent)

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
• Bank confirmation letter (Applicable once proof of payment is sent)

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)
• Bank confirmation letter (Applicable once proof of payment is sent)

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.

Josh Raisun | 078 888 9534 | 021 425 8822 | [email protected]

Ryan Hamburger |082 691 4915 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]