Groendal Franschhoek · Property Auction

Analysis

Improvements

Opening Bid Starts At R16,000,000 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. 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 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.