POA | building property for sale in melville

Live and Online Multi Property Auction - 3 December 2026 @ 12:00 Midday Live Venue: 26 Melville Road, Illovo, Gordon Institute of Business Science (GIBS) Positioned on a prominent high-street location along Main Road, an extension of Beyers Naudé Drive, this property offers an attractive combination of established rental income, commercial zoning and future development potential. Gross Annual Income: /- R1 036 000 Comprising two adjoining erven with a combined land extent of 1386sqm, the property includes a double-storey commercial building of approximately 890sqm, together with a separate erf currently utilised for secure private parking. Prime Main Road exposure with excellent visibility Erf 318 zoned Business 1, allowing for a range of general business, retail and shopping-centre uses Multiple existing tenancies providing an established rental income Double-storey commercial improvements with retail, office/storage and residential accommodation Additional income potential through further letting and rental optimisation Erf 317 provides secure private parking and additional development potential