AUCT-002550 | On Auction

Strategically Positioned, Backing Taxi Rank— Ideal For Retail, Mixed-Use Development

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    2025-07-22 13:00:00
    Strategically Positioned, Backing Taxi Rank— Ideal For Retail, Mixed-Use Development

    Strategically Positioned, Backing Taxi Rank— Ideal For Retail, Mixed-Use Development. Opposite Cashbuild, Hlotse Airport Road, Leriba, Lesotho

    Extent: ± 7 482 m² | GLA: ± 405 m² | Tenanted

    Hlotse, Leribe


    This property in Leriba, Lesotho, backs onto a taxi rank in a busy trading town and is strategically positioned for high foot traffic—ideal for retail, mixed-use development, or commercial leasing.

    Development opportunities to consider:

    1. Retail Complex or Shopping Mall
    • Cater to commuters and local shoppers with small to mid-sized retail outlets.
    • Include anchor tenants like grocery stores, fast food chains, clothing stores, or pharmacies.

    2. Mixed-Use Development
    • Retail shops; Office spaces, clinics.

    3. Mini Wholesale Hub
    • Offer small-scale wholesalers targeting street vendors and informal traders.

    4. Transport & Services Hub
    • Incorporate services tailored to the taxi rank crowd—mechanics, mobile repair shops, printing services, etc.

    5. Franchise Leasing Opportunity
    • Lease the space to big brands expanding in Lesotho like Shoprite, Pep, Choppies, Hungry Lion, or local food franchises.

    Currently on the property: 2 large office buildings, 3 houses currently tenanted bringing in rental income.
    Commercial Type:
    Mixed use Commercial
    Web Reference:
    AUCT-002550
    List price:
    POA
    Address:
    Opposite Cashbuild, Hlotse Airport Road, Hlotse, Leribe
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    22 July 2025 01:00 pm



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

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    Property Agent
    Justin Price
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    Justin Price

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    justin@investpro.co.za

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