In another major property event, In2assets will auction off a further prominent Telkom portfolio of 29 properties from across South Africa, including valuable sites in the Western Cape. The sale, a landmark in Telkom’s strategic asset disposal initiative, offers unique redevelopment opportunities for investors and developers alike. The auction will be livestreamed via the In2assets internet platform from the Mount Edgecombe Country Club, ensuring both national and international participation.

Among these properties, several standout Western Cape sites are set to attract attention:

1. - 8 Jan Smuts Drive, Ndabeni, Cape Town

Spanning approximately 26,363 m², this extensive service yard features an existing double-story office block, outbuildings, and open workshops. The ample space provides numerous possibilities for commercial or industrial redevelopment, with prime access to key transport routes.

2. 130 Osborne Street, Bellville, Cape Town

This substantial 17,664 m² industrial property boasts various outbuildings and expansive hardened yards, ideal for logistics or large-scale industrial projects. The high-visibility location, coupled with excellent road frontage, makes this property a valuable asset in the heart of Bellville.

3. 64 Salt River Road, Woodstock, Cape Town 

Located in Cape Town’s vibrant Woodstock area, this multistory Telkom Exchange Building spans 2,485 m² and is ideal for conversion into retail or residential units. Known for its trendy atmosphere and proximity to Cape Town’s business district, Woodstock has become a high-demand area for both local and international investors.

4. 19A Hostel Street, Khayelitsha, City of Cape Town

Situated within a residential zone, this property offers a unique opportunity for community-centric redevelopment projects in Khayelitsha, with potential for residential, retail, or mixed-use conversions.

5. 35 Viljoenshoop Road, Elgin, Grabouw  

Known as the Telkom Sherwood Exchange, this property is surrounded by scenic fruit orchards in Grabouw’s Elgin Valley. Enclosed with a prefab structure, it is perfectly suited for agricultural support facilities, eco-tourism, or small industrial uses.

A Nationwide Offering of Prime Properties

In addition to these Western Cape gems, the auction includes assets from several other regions:

Eastern Cape 7 properties, Gauteng 9 properties, KwaZulu-Natal 4 properties as individual properties in the Northwest Province, Limpopo, Northern Cape, and Mpumalanga.

Auction Details and Participation

This unique property investment auction will be broadcasted live from Mount Edgecombe Country Club at 11:00 AM on December 5, 2024, ensuring accessibility to bidders nationwide and beyond.

Who is In2assets?

In2assets is a leading South African property auction house with a reputation for handling high-profile real estate disposals. Specializing in commercial, industrial, and unique property portfolios, In2assets connects investors with opportunities across the country.

Telkom, one of South Africa’s leading telecommunications providers, has partnered with In2assets and embarked on a property disposal strategy to optimize its asset base, transforming underutilized properties into capital for future investments.

In2assets invites prospective buyers to view this comprehensive portfolio and explore the substantial investment and redevelopment potential these properties offer. For further details, visit the In2assets website or contact the auction house directly www.in2assets.com | 0861 444 769 | info@in2assets.com