Hammer-dropping action expected at Broll Auctions’ June sale
The Reserve Bank’s May interest rate cut together with the VAT freeze are driving investor sentiment, resulting in a growing appetite for well-located, income-producing commercial property.
Broll Auctions and Sales will take 32 commercial, retail, industrial and agricultural assets to auction in June – the perfect timing to capitalise on an improving economic outlook, according to the leading auction house’s CEO, Norman Raad.
“If you’re looking for investment property in the winelands – or to change your lifestyle and become a grape grower on a unique property, we have the perfect Wellington opportunities.” Three farms – Talana Hill, Dunedin, and Eventide – available for individual or joint purchase - provide an entry into the heart of the Cape Winelands, ideal for lifestyle development or boutique agricultural ventures for farmers. “Each farm includes at least one homestead and ample land for cultivation of crops of your choice.” Together these farms measure 81.4 hectares and represent some of the finest parcels of land in South Africa. The farms have reliable water supply, and significant agricultural potential.
In Johannesburg, two mixed-use properties - 200 Lilian Ngoyi Street and 117 Rahima Moosa Street – in the inner city offer highly trafficked locations opposite the Bree Street Taxi Rank and FNB Bank City, respectively. Lilian Ngoyi is fully let to blue-chip retail tenants, making it a stable, high-yielding investment, while Rahima Moosa Street offers a mix of 33 fully let apartments and well-performing retail units on the ground and basement floors. “The old adage applies – it’s all about location, location, location in the property game - both properties benefit from strong foot traffic, high demand, and minimal vacancies,” said Raad. These assets are available either as a combined lot or as individual acquisitions, offering buyer flexibility.
Gauteng’s industrial segment is particularly strong this month, with several prime assets set to go under the hammer. Highlights include modern warehouse in North Riding’s sought-after Northlands Deco Park - a strategic logistics location; a substantial industrial yard in Alrode ideal for heavy-duty operations; and a versatile warehouse unit in Rooihuiskraal, Centurion, well suited for storage or light manufacturing.
These properties cater to the continued demand for high-quality industrial space, driven by the sustained expansion of e-commerce and logistics operations across Gauteng.
A government-tenanted building in Welkom offers investors a rare chance to secure a triple-net lease until 2033, providing a secure and sustainable income stream backed by a public sector covenant.
“For buyers seeking coastal retail investments, the sectional title opportunity in Ballito’s Odyssey Mall on Simbithi Drive stands out as an excellent addition to any portfolio, with its location in one of KwaZulu-Natal’s fastest-growing towns,” Raad said.
Broll’s June auction delivers a diverse portfolio of high-performing properties that cater to a range of investor needs. “Whether your interest lies in retail, residential, industrial, agricultural or government-tenanted assets, this month’s auction presents a timely opportunity to capitalise on positive economic momentum and position your portfolio for future growth.”
Register to bid at www.brollauctions.com or be at The Wanderers Golf Club in Johannesburg before the action starts at 12pm on June 18.
