Mixed-Use Retail with High Returns: 20 High Street, Butterworth

Bidding to start from R10,000,000 | Live Auction: 4 February 2026

This fully tenanted mixed-use commercial building is located at 20 High Street in the heart of Butterworth’s central business district, within a well-established and high-demand commercial precinct. The property offers a stable and diversified income stream, anchored by a national tenant, ABSA, providing strong covenant strength and long-term income security. Its prominent CBD positioning ensures consistent foot traffic, strong visibility, and ongoing tenant demand.

The asset generates a gross annual income of approximately R2,400,000, making it a compelling yield-driven investment with immediate cash flow. With a total gross lettable area of ±1,221m² on a 661m² erf, the building is efficiently configured to maximise income relative to land coverage. The mixed-use nature of the property enhances income resilience, appealing to a broad range of commercial occupiers and reducing vacancy risk.

Situated within Butterworth’s primary commercial node, the property benefits from proximity to key retail, banking, and public-sector amenities. The presence of ABSA as an anchor tenant reinforces the building’s long-term relevance within the local market. This offering presents an opportunity to acquire a stabilised, income-producing asset with strong fundamentals and attractive long-term yield potential.

Key Features:

• Fully tenanted mixed-use commercial building

• Prime CBD location – 20 High Street, Butterworth

• Anchored by national tenant ABSA

• Gross annual income: ±R2,400,000

• GLA: ±1,221m²

• Erf extent: 661m²

• High-demand commercial precinct

• Attractive long-term yield and income stability

• Monthly municipal rates: ±R10,620

• VAT registered

Located in the Butterworth CBD, the property enjoys excellent accessibility and visibility within an established commercial hub servicing the greater Mnquma Municipality. Surrounding uses include retail, financial services, and municipal offices, supporting sustained footfall and tenant demand.

Auction Terms and Buyer Info:

• Opening bid: R10,000,000

• 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)

1 property listing in Butterworth, Eastern Cape.

POA

1 221 m²