Broll to auction nearly 50 commercial assets in July
With the cost of capital once again back in the spotlight, South Africa’s commercial property buyers are recalibrating.
With the Reserve Bank lifting the repo rate to 7.0% in late May, taking prime to 10.5% as it moves to contain oil-driven inflation and renewed global volatility, well-priced, income-producing physical assets are again proving their worth as portfolio anchors.
Against this backdrop, Broll Auctions and Sales returns with one of its largest and most diverse offerings of the year when close to 50 commercial, industrial, retail and mixed-use assets go under the hammer on 1 July.
- Visit Broll Auctions and Sales or email [email protected] for catalogues and to register.
Demand is already evident: two lots sold within a week of being listed, well ahead of auction day.
Spanning freestanding office blocks, high-volume industrial warehousing, nationally anchored retail, service-station redevelopment land, prime student-accommodation sites and a substantial corporate disposal portfolio, the catalogue reflects both the breadth of stock coming to market and the appetite of buyers.
“This is an extremely varied catalogue, and the early sales tell their own story,” said Norman Raad, CEO of Broll Auctions and Sales.
“When rates move and uncertainty rises, buyers come back to tangible assets they can let.”
“Auctions give them a transparent, competitive route to stock that rarely trades openly, and our brokers are seeing activity across every sector.”
Corporate and fund disposals lead the book
A defining feature of this auction is the volume of corporate and fund-driven stock, where institutional sellers are rationalising portfolios and releasing assets that seldom reach the open market.
“This is a growing area of expertise for Broll Auctions and we are particularly proud of some of our recent successes in this sector, including the Telkom Centre of Learning.”
At the centre of the July 1 auction is a corporate disposal of 19 assorted commercial properties spanning offices, mixed-use investments and showroom space across Gauteng, the Free State, North West and Mpumalanga.
The portfolio ranges from a 2,445m² former motor dealership, showroom and workshop facility on a 4,871m² site in the Germiston CBD, to government-tenanted income stock.
Germiston CBD dealership, showroom and workshop facility
Among the strongest income plays is a SARS-tenanted office building in Welkom, offering 2,687m² of gross lettable area with the SARS lease renewed for a further five-year term to May 2031, securing gross income of approximately R2.6 million per annum, with a vacant first floor offering rental upside.
Separately, a corporate fund disposal in the Centurion CBD brings a prominent asset to auction.
Positioned at 1006 Lenchen Avenue opposite the Centurion Hotel and within walking distance of Centurion Mall, the property offers approximately 6,715m² of gross lettable area on a 4,793m² erf, zoned Business 4, with full air conditioning, two lifts and around 250 parking bays.
Currently configured as offices, it carries clear vacancy upside and strong conversion potential.
Offices priced to reward repositioning
Century City office block
In Cape Town, a vacant A-grade freestanding office block at 1 Boundary Road, Century City, comes to market on an 4,071m² erf.
The building offers high-security premises, generous parking, an on-site generator and strong exposure to the N1, minutes from Canal Walk and public transport, a turnkey base for an owner-occupier or a repositioning play in one of the Western Cape’s most established commercial nodes.
In Pretoria, a fully tenanted mixed-use commercial investment in Capital Park offers 1,700m² of accommodation across a diversified tenant mix delivering immediate, stable income from complementary uses.
Industrial demand holds firm
Uitenhage industrial property
Industrial remains the standout performer in the local market, and two contrasting assets speak to that strength.
In the Eastern Cape, a fully tenanted multi-tenanted industrial property in Alexander Park, Uitenhage, offers approximately 19,319m² of lettable space on a 46,579m² site.
Positioned opposite the Volkswagen South Africa plant and surrounded by OEM suppliers servicing the automotive sector, it provides secure, diversified rental income within a well-established manufacturing hub.
In Johannesburg, a freestanding facility at 3 Enterprise Close in Linbro Business Park, just off the N3 Eastern Bypass, offers 1,028m² of warehousing with a 10-metre eaves height, complemented 628m² of modern offices and a mezzanine.
Linbro Business Park facility
Dock-level and on-grade loading, 150-amp three-phase power and a secure, access-controlled setting make it well suited to logistics, distribution and light-industrial users.
The asset is also available to rent ahead of transfer.
“Industrial continues to do the heavy lifting in this market,” said Raad.
“Low vacancies, firm rentals and steady occupier demand from logistics and distribution mean assets like these attract competitive bidding.”
Nationally anchored retail with upside
Bethlehem CBD property
In the Free State, a retail investment at 26 President Boshoff Street in the Bethlehem CBD anchors a strong national tenancy with significant value-add potential.
Anchored by Econofoods and Value Co, the property generates gross annual income of R2.4 million, with an additional 1,500m² of vacant first-floor space offering scope for further leasing, warehousing, an entertainment venue or office conversion.
The asset is offered with no transfer duty payable.
Redevelopment and adaptive reuse
Porterville service-station site
Several lots offer buyers the chance to unlock value through repositioning.
A decommissioned service-station site in Porterville, Western Cape, presents a high-street redevelopment opportunity on a 2,685m² erf, suited to developers, owner-occupiers and mixed-use investors seeking a strategically positioned commercial site.
Directly opposite the University of Johannesburg, a vacant development site of 1,800m² at 23 Saratoga Avenue, Berea, offers compelling fundamentals for purpose-built student accommodation or high-density residential development in a node with established demand and limited well-located land.
In the heart of the Karoo, a landmark Beaufort West hospitality property on a 4,633m² erf brings rare scale to market.
Configured as a hotel with 32 en-suite rooms, conference and dining facilities, bars and ample parking, it is positioned for a boutique lodge, guesthouse or broader mixed-use redevelopment in a key stopover town between Cape Town and the country’s interior.
The auction takes place on 1 July 2026 at noon at The Wanderers Golf Club in Johannesburg.
Visit Broll Auctions and Sales or email [email protected] for catalogues and to register.
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