Commercial property on auction in Belgravia

Live Auction: 23 June 2026 • Student accommodation on a dual erf measuring 987m² featuring 168 bedrooms • ±97% Occupancy • Fully NSFAS accredited • Projected GAI of R6,600,000 • Solar and central gas installations are expected to reduce running costs Auction Terms and Buyer Information: • Buyer Costs: 16.5% payable on auction day (10% commission + VAT on commission + 5% deposit towards purchase price). • Registration Fee: R50,000 (live/venue bidders) | R100,000 (telephonic/online bidders). All bids constitute a legally binding offer, and the highest bidder is required to sign the Auction Sale Agreement immediately upon the fall of the hammer; failure or refusal to sign constitutes a breach and results in forfeiture of the registration deposit. The sale is subject to a reserve price unless otherwise stated. The property is sold voetstoots, as-is with no warranties or guarantees, and all bidders must provide valid FICA documentation prior to registration.