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Mixed-use building in Elsies River and other prize options

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Among the variety of lots for BidX1 South Africa’s next online auction on Wednesday is a “substantial opportunity for development” - an incomplete five-storey, mixed-use commercial building in Elsies River.

Bordering Goodwood, between the northern and southern suburbs in Cape Town, the four-storey property consists of 100 apartments, not sectionalised, plus ground-floor retail space.

With an opening bid of R45million, and projected rental income of R850000 a month, the new development can be taken over immediately. It is 10km from the city centre and accessible from the N1, N7 and N2 highways.

Also on offer online will be:

* A factory and retail showroom in Vredenburg on the West Coast.

* A luxury penthouse in Fresnaye, close to the V&A Waterfront. The furnished triplex penthouse has an opening bid of R14.5m.

* A fully-equipped guest farm in Montagu on Route 62 in the heart of the Klein Karoo.

* Properties in popular holiday destinations such as Jeffreys Bay and Port Alfred on the Eastern Cape coastline.

Says MC du Toit, chief executive of BidX1 South Africa: “The interest in the catalogue of properties for our September auction led to over 200 000 page views and over 100 000 visitors to the website prior to the sale.

“Lately, we have seen that the market has taken to ‘prop-tech’ very positively, with more and more buyers and sellers now preferring this method of transacting.

“The general feeling is that it is much more transparent and convenient,” he says.

For more details about Wednesday’s auction, see or email


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