House on auction in Bluewater Bay

Going on Auction: Wednesday 29 July 2026 Reserve Price: R15 000 000.00 plus VAT. (All offers will be reviewed) Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer) Unlock the potential of one of the Eastern Cape's most exciting development opportunities. Ideally positioned on the high-exposure N2 Highway in Bluewater Bay, this exceptional 8,945 m² mixed-use development offers investors and developers the rare advantage of a fully planned, development-ready project with the key approvals already secured. The approved development comprises a strategically positioned petrol station, six commercial retail units, and a 64-unit residential development, creating a vibrant mixed-use precinct designed to maximize both commercial activity and residential demand. KFC has already been secured as an anchor tenant. The residential development is subject to access separate from the Petrol Station and require further approvals. With approved building plans, as well as all required fuel and retail licenses already in place, the successful purchaser can significantly reduce development timelines and fast-track the project to market. Situated on one of Port Elizabeth's busiest transport corridors, the property enjoys outstanding visibility, excellent accessibility, and continuous passing traffic, making it an ideal location for fuel retail, convenience shopping, and residential living. The combination of multiple income streams, prime highway exposure, and extensive pre-development work already completed makes this a compelling opportunity for developers seeking a project with reduced risk and exceptional long-term growth potential. The seller is registered for VAT. Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.