“Broll\u2019s August auction offer a varied mix of opportunities, from income-producing retail and student accommodation to prime development land, giving investors across every risk appetite something to consider,\u201d said Norman Raad, CEO of Broll Auctions and Sales.<\/p>\n\n\n\n
\u201cWith financing costs no longer moving, investors and developers can plan debt servicing, cap rates and deal returns with a greater level of confidence.\u201d <\/p>\n\n\n\n
\u201cHeld rates remove the risk of financing costs deteriorating further mid-transaction, which supports bidder appetite at auction.\u201d<\/p>\n\n\n\n
Topping the bill in Johannesburg is Remington House<\/a><\/strong>, a 100% occupied, National Student Financial Aid Scheme (NSFAS) accredited student accommodation asset on the corner of Rahima Moosa and Nugget Streets in Johannesburg Central.\u00a0<\/p>\n\n\n The newly developed building offers 133 self-contained apartments across 7,630sqm of Gross Lettable Area (GLA), with 260 student beds linked to the University of Johannesburg and Johannesburg Central College, and ground-floor retail space. <\/p>\n\n\n\n The property generates a gross monthly income of around R1.2 million. <\/p>\n\n\n\n “Purpose-built, fully operational student accommodation of this calibre, with NSFAS accreditation and strong occupancy, seldom comes onto the open market,” Raad said.<\/p>\n\n\n\n In Midrand, Penny Lane Shopping Centre<\/a><\/strong> offers a prominent corner site on Old Pretoria Road, minutes from the N1 in the established commercial corridor between Johannesburg and Pretoria.\u00a0<\/p>\n\n\n The L-shaped centre spans about 2 750sqm of under-roof GLA across two erven, with two entry points and a multi-tenanted mix that currently includes a pharmacy, betting store and motor spares outlet.<\/p>\n\n\n\n “Assets with this kind of exposure, in this node, rarely trade. On 20 August, this one does,” Raad said.<\/p>\n\n\n\n A mixed-use precinct on the corner of Hillcrest Avenue and Conrad Drive<\/a><\/strong> in Blairgowrie, Craighall Park, rounds out the Johannesburg metro offering.\u00a0<\/p>\n\n\n\n Serving an affluent upper-middle-income catchment, the 3,200sqm precinct is anchored by tenants including Fresh Earth, Scrums.com, Olive & Co and Salute Salon, and includes a fully owned grid-tied solar PV system. <\/p>\n\n\n\n The property generates a gross annual income of approximately R7.5 million.<\/p>\n\n\n\n In Lenasia South, Sheffield Plaza<\/a><\/strong> has a anchored retail centre of 2,291sqm, with tenants including uSave, Steers, Fishaways and Debonairs Pizza alongside a pharmacy and ATMs.<\/p>\n\n\n\n The centre generates a gross annual income of about R4.81 million against a net annual income of R2.65 million, with scope for cosmetic upgrades to lift its appeal further.<\/p>\n\n\n\n On the corner of Witkoppen Road and Main Road in Magaliessig<\/a><\/strong>, a 3.68-hectare freehold property within the Fourways growth corridor combines an existing income stream of R1.8 million a year, excluding an owner-operated nursery.\u00a0<\/p>\n\n\n This income stream comes from a motor dealership, day spa and other tenants. <\/p>\n\n\n\n It also includes a Township Establishment and Special Rezoning Application already lodged with the City of Johannesburg for a mixed-use development of roughly 14,184sqm.<\/p>\n\n\n\n “This is an established, income-producing asset with significant medium- to long-term redevelopment potential in one of Johannesburg’s premier growth corridors,” Raad said.<\/p>\n\n\n\n Nearby, 12.5 hectares of land 3.5km from Lanseria Airport lies within the Lanseria Smart City Development Framework<\/a><\/strong>, one of Gauteng’s most significant future urban and economic expansion zones.\u00a0<\/p>\n\n\n The property has exposure along the R512, two boreholes and an existing main house structure.<\/p>\n\n\n\n In the Western Cape, a landmark commercial property on Saldanha Road, Vredenburg<\/a><\/strong>, brings a vacant, freehold asset to the West Coast’s principal business hub to auction.\u00a0<\/p>\n\n\n\n The 495sqm property comprises four self-contained retail or showroom units, each with its own entrance, kitchenette and bathroom, offering flexible configurations from a single flagship headquarters to four independent tenancies, along with 25 secure on-site parking bays.<\/p>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Broll-Auctions-Remington-House-1200x800-1-1024x683.png\")
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