In2assets to auction major Telkom property portfolio 

In2assets, the national property marketing and auction company, is proud to announce the sale of a substantial property portfolio with 18 lots from Telkom South Africa on 29 August 2024. 

• Click here to learn more about these lots.

This significant auction event will feature a diverse array of high-end commercial and industrial properties, primarily seen as prime redevelopment opportunities, spread across five provinces in South Africa.

The auction event will be livestreamed, allowing bidders from around the globe to participate.

For more information and to register for the auction, please contact the In2assets Team on 0861 444 769 or email [email protected]. 

The full listing can be viewed on the In2assets website. 

We unpack the key highlights across the entire portfolio, below.

Gauteng 

Prominent Block in Braamfontein. Corner of Harrison and De Korte Street, Johannesburg.

Gauteng is a prime business location, making the Telkom properties in this region particularly attractive.

Highlights include:

• 2 Frost Avenue, Braamfontein, Johannesburg—This prominent corner property, with a footprint of 20,829 square metres, is ideal for a large-scale commercial development in a highly desirable area.
• Auckland Park, Johannesburg – A multi-level block with prime location and a highly-desirable configuration.
• Germiston, Johannesburg – A 6,911 square metre service yard with various outbuildings situated in a traditional industrial area.
• Braamfontein and Johannesburg CBD – Two large administration blocks offering opportunities for administrative use.
• Randburg, Johannesburg – A prime high-street property off Braam Fisher Drive that covers 16,670 square metres and offers immense redevelopment potential.

Multi-level Building. 52 Auckland Avenue, Auckland Park, Johannesburg.

• Blackheath, Johannesburg – This extraordinary 9,917 square metre standalone property is ideal for development and is situated near Cresta Shopping Centre and Blackheath Pavilion.
• Pretoria – This vast 61,000 square metre property is situated in a commercial precinct next to Montana Business Park. It is perfect for redevelopment and offers easy access to local amenities and the N1.
• Olifantsfontein – This huge 155,497 square metre piece of land is located between OR Tambo International Airport and Pretoria.

Western Cape 

Massive Land Parcel for Redevelopment. 5 Bosmansdam Road, Milnerton, Cape Town.

The Western Cape is one of South Africa’s major commercial hubs.

It is a highly desirable province to have offices thanks to its combination of size, affluence, and lifestyle.

The following Telkom Western Cape properties will be available at the auction:

• Cape Town CBD – Two multi-storey commercial blocks are on offer in prime locations. The first property is near international hotels and the Cape Town ICC and offers a GLA of 12,440m square metres. The second property is at the corner of Loop and Bloem Street, and provides a GLA of 5,013 square metres.
• Sand Industria Athlone Cape Town – This unique 2.1ha industrial property is ideal for redevelopment into a multi-unit industrial business park or a standalone facility.
• Milnerton – The largest Western Cape property – at 46,778 square metres – is known as the Telkom Centre for Learning and offers vast redevelopment potential.

Eastern Cape and Free State Highlights

Major Redevelopment Opportunity. 9 16th Avenue, Walmer, Port Elizabeth (Gqeberha).

The Eastern Cape and Free State provinces both offer exciting potential for economic growth.

Telkom properties being auctioned in these regions include:

• Walmer, Port Elizabeth/Gqeberha – This 19,901 square metre prime corner site is known as the Telkom Centre of Learning and is located next to Walmer Park Shopping Centre.
• Welkom – This is an iconic administration block with a floor space of 6,005 square metres and a property extent of 8,921 square metres with a tower.

Commercial Landmark Building with Telkom Tower. Tempest Road, Welkom Central, Welkom.

KwaZulu-Natal Highlights

KwaZulu-Natal is a primer business location and features a bustling business economy.

Consider the following for-auction Telkom properties:

• Durban Beachfront – This seven-floor administration block has a GBA of approximately 9,000 square metres and offers sea views on most floors, making it ideal for residential conversion.
• Durban Prime Locations – These properties comprise two large development sites – one next to City View Shopping Mall (1.6289 ha) and another in New Germany (109,193 square metres). Both properties offer significant redevelopment opportunities.

Massive Redevelopment Property in New Germany. 18-32 Qashana Khuzwayo (Shepstone) Road, The Wolds, New Germany.

Click here to learn more about these lots.