Broll brings wide-ranging September auction as final quarter opens
With competition for income-producing commercial property rising heading into the final quarter of the year, Broll Auctions and Sales brings a catalogue spanning retail, residential, offices, agricultural and tourism land, and a riverfront development site to auction in September.
Norman Raad, CEO of Broll Auctions and Sales said bidder numbers had been climbing across every sector with each passing real estate auction.
“August was our best attended auction this year, with 98% of the properties on offer seeing excellent bidding activity,” he said.
“Buyers who held back earlier in the year while waiting for more clarity on rates are now competing hard for stock rather than waiting for it to come around again in 2027 and I believe this is a good sign for where the market is heading.”
Retail investment anchored by strong tenants
Retail remains Broll’s most contested category on the floor, and this catalogue offers three different entry points for investors in the market.
In Hillbrow, Johannesburg, a substantial retail investment on Pretoria Street offers 3,500sqm of gross lettable area, anchored by a national Shoprite store.
The property generates a net annual income of R6.2 million from a diversified tenant mix, sitting in one of the city’s highest-footfall retail nodes.
In Protea Glen, Soweto, a modern retail warehouse on the R558 sits on 12 000sqm of freehold land, close to the Protea Glen shopping mall and local taxi rank.
Built in 2023 to national retailer specification, the 2 300sqm building runs independently of the municipal grid on a solar installation with battery backup, and carries significant unused development bulk under its Business 1 zoning.
In Wynberg, Cape Town, a tenanted corner retail investment near the Wynberg train station offers a rare mix of secured income and upside.
The upper floor is fully let, generating a rental of close to R190,000 a month, while the vacant ground floor retail space presents an opportunity to add a butchery, convenience retailer or specialty food operator and lift the income further.
“Well-tenanted retail with opportunity to add value keeps are our properties that attract the most interest,” said Raad.
Forecourt and service station opportunity
In Queensburgh, Durban, a fuel station property and business comes to market on a busy corner site, with direct access along the route towards Kharwastan and Chatsworth.
The established forecourt offers strong visibility and high traffic volumes, along with meaningful redevelopment upside for investors or owner-operators.
Large-scale residential income in the Johannesburg CBD
In Marshalltown, Johannesburg, Marshall Yards offers a 248-unit residential investment across two complementary phases, with a combined scheduled gross income of R12-million a year.
Phase 2’s 103 units are fully occupied under a single corporate tenancy with 6% annual escalations, while Phase 1’s 145 one- and two-bedroom apartments offer a diversified tenant base with room to lift occupancy from its current 80.67%.
“Scale, income and a clear management upside is a combination that draws institutional and private capital alike,” said Raad.
Vacant prime office space
In Parktown, Johannesburg, a 3,400sqm A-grade office building at 37 Empire Road offers excellent exposure onto this popular road, and easy access to the M1, Rosebank and Braamfontein.
The building comprises two full office levels, rooftop offices and over 220 parking bays across two levels, backed by a 50kVA generator and backup water.
The property will be sold vacant, giving an owner-occupier, investor or developer immediate control of the asset.
Land and lifestyle assets
In the Robertson Wine Valley, Western Cape, Orange Grove Farm spans 823ha, combining an established tourism operation of ten self-catering units with 15ha of vineyards, 6ha of olive groves, two dams and river frontage beneath the Langeberg Mountains.
“This beautiful property offers a rare tourism and hospitality platform with room to expand into weddings, functions, wellness retreats and further hospitality development,” said Raad.
In Vanderbijlpark, a 2.6ha riverfront development site in Emfuleni Golf Estate offers the estate’s last undeveloped stand, with Council-approved building plans already in place for a Phase 1 hotel scheme.
The site fronts directly onto the Vaal River and includes an existing eight-unit lodge, with Special zoning permitting a hotel, conference facilities, restaurants and a marina.
“This is planning groundwork that most developers spend a year and a substantial budget getting to, already done,” said Raad.
“Sites like this, inside an established and proven estate, rarely reach the open market.”
These and other commercial properties will be under the hammer on 17 September 2026 at noon at The Wanderers Golf Club in Illovo, Johannesburg.
Visit Broll Auctions and Sales or email [email protected] for catalogues and to register.
Loading ...