AUCT-002679 | On Auction

Blue Chip Retail Property In Margate

Until Our Next Auction
25 March 2026 | 11:00:00 am

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    2026-03-25 11:00:00
    Blue Chip Retail Property In Margate

    Units 1, 2, 3 & 4 SS La Mer, 103 Marine Drive, Lawrence Rocks, Margate, KwaZulu-Natal

    Combined Extent: ± 1 988 m² | Gross Monthly Income: ± R217K | Blue Chip tenant | Upside: Vacancies | Opposite Margate Mall | 37 Parking bays & 1 Loading bay

    Margate, KwaZulu-Natal


    Situated along Margate’s main commercial route, Marine Drive, directly opposite Margate Mall, this well-positioned commercial property offers exceptional exposure and a proven multi-tenanted configuration. The property is ideally suited to investors seeking a strong income-producing asset with additional upside through vacancy optimisation.

    Property Improvements & Layout
    The property is improved with multiple retail and service units arranged across both ground and upper floors. The configuration accommodates a range of commercial uses including food outlets, convenience retail, banking-related services, and general trade. The internal layout allows for adaptation or reconfiguration to suit tenant requirements or alternative commercial strategies.

    Upper Floor Accommodation
    The upper floor comprises an open-plan layout with disabled-friendly access, male and female ablution facilities, a kitchenette, a server room, and a main office area. Drywall-partitioned sections provide flexibility, while a secure vault is located on this level and may be included or excluded by arrangement.

    Ground Floor Retail & Service Units
    The ground floor consists of multiple street-facing retail and service units offering strong Marine Drive exposure. These units are supported by food preparation and kitchen areas, male, female and disabled ablution facilities, cold room and freezer installations, store rooms, and ancillary service areas. Certain sections are drywall-partitioned and include existing ATM and banking-style infrastructure.

    Additional Improvements
    Additional improvements include staff kitchenette and service rooms, internal and exterior security camera coverage, and practical internal circulation with stair access between levels. The property is fitted with prepaid electricity meters and air-conditioning to selected areas.

    Location & Locality
    Lawrence Rocks forms part of the greater Margate commercial corridor and benefits from consistent vehicular traffic and strong local trade. Marine Drive serves as a key arterial route, offering excellent accessibility and visibility for both pedestrians and motorists.

    Conclusion
    This strategically positioned commercial property presents a compelling opportunity to acquire a well-located, income-generating asset along Margate’s main road. The combination of strong exposure, existing income, vacancy-driven upside, and established commercial infrastructure supports both immediate returns and long-term investment potential.
    Commercial Type:
    Retail Space
    Web Reference:
    AUCT-002679
    List price:
    POA
    Address:
    Units 1, 2, 3 & 4 SS La Mer, 103 Marine Drive, Margate, Ugu District Municipality, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    25 March 2026 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required DISCLAIMER: Website listings are for information purposes only and remain subject to change, amendment, correction or withdrawal at any time prior to the auction. As further information becomes available, revised listings will be published from time to time. It may not be possible to identify, track or specifically draw attention to every amendment or revision. The final brochure and Conditions of Sale, as issued to each registered bidder via email and/or WhatsApp prior to or on the day of the auction, shall constitute the final, governing and binding documentation applicable to the auction and the sale of the property. It is each Purchaser’s sole onus and responsibility to ensure that he has received, read, understood and agreed to the final brochure and Conditions of Sale and to bid and purchase strictly in accordance therewith. Registration for the auction shall constitute deemed acceptance of the final documentation as issued.

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    Marco Forno
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    Marco Forno

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