The City of Cape Town will auction 44 properties this Wednesday to bolster funding for its service delivery, Cape {town} Etc reports.
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The cluster of properties includes 41 vacant and improved sites as well as three council-owned lease properties.
The properties span from Goodwood to Fish Hoek, and Somerset West to Atlantis – including industrial land near the N1, beachfront commercial leases and adjoining lots in Constantia.
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According to Alderman James Vos, the City’s Mayco member for economic growth, auctions are crucial to releasing land for private sector development.
‘The money generated will be reinvested into service delivery, ensuring lasting benefits for our communities,’ he said in a statement. This approach maximises under-used land, driving long-term economic sustainability.
‘Previous auctions led to successful transactions, and it’s an exciting way to spark further development across the city. This sale and lease auction of the various properties represents a catalyst for substantial economic growth.
‘No government, including the City, should be a Land Bank. The City aims to continually look for smart, innovative ways to release land and assets for new investment that maximise the value and use of our assets, ensuring they contribute to economic development,’ he added.
Earlier this month, the City announced that a ‘prime’ 9.2-hectare industrial property located in the Wynland Industrial Park in Kraaifontein will also go on sale.
It is one of the 45 City-owned properties that will join the auction on Wednesday. It is zoned as General Industrial 2 (GI 2), which allows for a range of uses such as manufacturing, warehousing, distribution, offices, showrooms, workshops, and storage yards.
‘The decision to transfer this high-value Kraaifontein asset is strategically motivated to optimise its use, to stimulate economic growth by unlocking private sector-led development opportunities in a region that is experiencing steady growth in industrial activities,’ Vos said.
‘It will drive substantial economic benefits for the surrounding communities, particularly Bloekombos and Wallacedene, which stand to gain from increased employment and economic activity.’
These are all the properties that will be on auction on Wednesday, 2 October:
- Lot 1: 1 Fox Road, Paarde Vlei, Somerset West
- Lot 2: 3 Fox Road, Paarde Vlei, Somerset West
- Lot 3: 5 & 7 Fox Road, Paarde Vlei, Somerset West
- Lot 4: 46 St James Street, Audas Estate, Somerset West
- Lot 5: 193 Vorster Street, Peerless Park West, Kraaifontein
- Lot 6: 38 Ascot Street, Windsor Park, Kraaifontein
- Lot 7: 35 Sanddringham Street, Wynland Industrial Park, Kraaifontein
- Lot 8: 58 Mediterranean Avenue, Eerste River
- Lot 9: 6 Cardington Way, Eerste River
- Lot 10: 34 Bonatea Road, Rosedale, Kleinvlei
- Lot 11: 32 Cabral Street, Forest Heights, Kleinvlei
- Lot 12: 12 Valencia Street, Westbridge, Mitchells Plain
- Lot 13: 192 Fay Street, Tafelsig, Mitchells Plain
- Lot 14: 18A Wall Street, Portland, Mitchells Plain
- Lot 15: 3 Fox Street, Mitchells Plain
- Lot 16: 21 Maynard Street, Gardens, Cape Town
- Lot 17: 79 New Church Street, Gardens, Cape Town
- Lot 18: 9 Dalegarth Road, Plumstead, Cape Town
- Lot 19: 75 Neil Hare Road, Atlantis Industrial
- Lot 20: 73 Neil Hare Road, Atlantis Industrial
- Lot 21: Corner Neil Hare Road & John Dreyer Street, Atlantis Industrial
- Lot 22: 6 Lilian Street, Tafelsig, Mitchells Plain
- Lot 23: 298 Klip Road, Grassy Park, Lotus River
- Lot 24: 16 Schipol Road, Mitchells Plain, Cape Town
- Lot 25: 4 Parliament Avenue, Blue Downs
- Lot 26: 18 Bayside Street, Riverton Elsies River, Goodwood
- Lot 27: 56 Bisset Road, Newlands, Cape Town
- Lot 28: 1A Beatty Avenue, Maitland, Cape Town
- Lot 29: 29 Plein Street, Woodstock, Cape Town
- Lot 30: 3 Sasmeer Road, Retreat
- Lot 31: 6 Muritz Close, Steenberg, Cape Town
- Lot 32: 154 Ninth Avenue, Kensington, Cape Town
- Lot 33: 12 Malgas Singel, Morningstar, Durbanville
- Lot 34: 3 Klein Constantia, Constantia
- Lot 35: 5 Aloe Lane, Constantia
- Lot 36: 2 Aloe Lane, Constantia
- Lot 37: 207 Dennegeur Avenue, Strandfontein, Mitchells Plain
- Lot 38: 38 Fairmead Road, Epping Forest, Goodwood
- Lot 39: 34 Debden Avenue, Goodwood, Epping Forest
- Lot 40: 60 Batavia Drive, Belhar
- Lot 41: 232-242 Highbury Road, Highbury Park, Kuilsriver
- Lot 42: 5A Century Way, Century City, Montague Gardens (lease)
- Lot 43: Peter Creese Way, Fish Hoek, Fish Hoek Galley (lease)
Details:
- Date: Wednesday, 2 October | 12pm
- Location: DHL Stadium, Business Lounge G – Level 4, Parking – Level 1 Foyer G, Fritz Sonnenberg Road, Green Point, Cape Town
- Website: www.highstreetauctions.com
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Picture: Teddy Jansen / Unsplash
