Cape Town Main Road Retail Investment with Massive Bulk On Auction: 11 Piers Road, Wynberg Upper, Western Cape

Retail On Auction, 6280m² @ POA

Cape Town Main Road Retail Investment with Massive Bulk

Live Auction: 4 December 2025!

This well-located, multi-tenant shopping centre offers a compelling investment opportunity, combining proven income performance with clear potential for future growth. Positioned within a busy retail node, the property enjoys strong visibility and easy customer access, ensuring consistent foot traffic and robust tenant performance. The centre’s modern presentation—with tiled floors, quality lighting, and well-maintained interiors—enhances its overall appeal to both shoppers and prospective tenants alike. A diverse mix of established retailers in grocery, fabric, and financial services further underpins a stable and resilient income base.

With a 192m² vacant unit ready for re-letting and the upcoming 3,961m² Pick ’n Pay space soon to be available, investors have a rare chance to reposition the asset for significantly higher returns. These vacancies open the door for strategic leasing or redevelopment initiatives, allowing for the introduction of a new anchor tenant or a refreshed tenant mix to drive footfall and rental growth. With its strong fundamentals, solid income track record, and exciting potential for value enhancement, this property stands out as an attractive acquisition for investors seeking both stability and upside in a thriving retail environment.

Key Features

• Upcoming vacancy of Pick ’n Pay space (3,961m²) – ideal for owner-occupiers or new anchor tenant

• Multi-tenant property with proven income history and clear potential for rental growth

• Located in a well-trafficked retail node with strong exposure and convenient access

• Well-maintained interiors with tiled floors and quality lighting

• Existing vacant unit (192m²) and anchor space offer strategic re-letting or redevelopment opportunities

• Balanced tenant mix including grocery, fabric retail & financial services

• Erf Size: ±8,832m² | GLA: ±6,280m²

• Monthly Rates: ±R96,537

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.