Secure Tenanted Retail Space in the Heart of Gardens On Auction: Section 57 SS Trevi, 2 De Lorentz Street, Gardens

Retail On Auction, 170m² @ POA

Secure Tenanted Retail Space in the Heart of Gardens

Live Auction: 4 December 2025!

Situated in the vibrant and high-demand hub of Kloof Street, this tenanted retail property offers investors a rare opportunity to secure a well-maintained, income-generating asset in one of Cape Town’s most sought-after commercial precincts. With a Gross Annual Income (GAI) of R632,500 and two strong tenants securely in place until 2027, this property ensures immediate and stable cash flow with long-term growth potential. Kloof Street’s consistent foot traffic and central location further enhance the property’s investment appeal, making it ideal for those looking to diversify their portfolio with a reliable asset in a blue-chip area.

Designed with flexibility in mind, the property boasts a modern open-plan layout that suits a variety of uses, from retail and showroom spaces to service-based operations. Expansive display windows flood the interior with natural light while maximizing street-level visibility—an ideal setup for brands seeking exposure in a bustling urban environment. The interior is fully fitted with high-quality finishes, eliminating the need for additional setup or renovation. Whether you're a seasoned investor or entering the Cape Town property market, this offering on Kloof Street presents a compelling combination of location, stability, and versatility.

Key Features

• Gross Annual Income: ±R632,500

• Two reliable tenants secured with leases in place until 2027

• Located in a high-demand commercial node in Gardens, offering strong long-term investment growth

• Open-plan retail layout suitable for multiple business types: showroom, retail, studio, or service trade

• Large street-facing display windows providing excellent visibility, natural light, and branding potential

• High-quality modern interior requiring no additional setup or fit-out

• Monthly Rates: ±R5,881

Auction Terms and Buyer Info

• Buyer Costs: 16.5% payable on auction day

• Registration Fee: R50,000 (live/venue) | R100,000 (online/telephonic)

All bids are legally binding. The highest bidder must sign the Auction Sale Agreement immediately; failure to do so results in forfeiture of the registration deposit. Property is sold voetstoots, with no warranties, and bidders must provide valid FICA documentation before registering. The sale is subject to a reserve price unless stated otherwise.