ON AUCTION
Unlock exceptional cash flow with this high-density commercial asset in the heart of King William's Town. Spanning a massive 3,300m² erf, this property is a rare hybrid of immediate rental income and aggressive development potential. The core of the investment features 18 established bachelor units and a stable church lease, already producing a reliable monthly return. To maximize efficiency, all residential units are fitted with prepaid electricity meters and supported by dedicated communal facilities. The true "alpha" of this deal is the included 43 moveable panel homes. This innovative housing solution is projected to drive gross income to R116,100 per month, leaving you with a robust net return of ±R104,100 after rates. With over 2,000m² of land still vacant, you have the immediate "plug-and-play" capacity to add another 50 rooms, further scaling your yield in a high-demand rental market.
Venue: On site at 16 Victoria Street, King Williams Town
Date / Time: Thursday 26th February 2026 @11AM
Viewing: By appointment or 1 hour prior to Auction
THIS IS A HIGH-YIELDING, SCALABLE POWERHOUSE READY FOR ITS NEXT OWNER.
TERMS: ID and proof of residence are required for registration. 5% Deposit, Auctioneers Commission, Advertising costs payable on the fall of the hammer.
Full terms and conditions available for inspection at our offices: 70 Chamberlain Road, Vincent, East London. Subject to change without notice and right of admission reserved.
