15 June 2023

32 City of Cape Town Properties Worth Millions on Auction this Month

Submitted by: Sam Bartlett
32 City of Cape Town Properties Worth Millions on Auction this Month

Two quaint cottages nestled between the CBD and the bottom of Kloofnek, as well as a three-bedroom, two-bathroom house in Newlands with attached granny flat, are among more than two dozen council properties released for auction to the public in Cape Town this month.

The houses and development sites across the peninsula from Muizenberg through Grassy Park, Tafelsig, Strandfontein, Khayelitsha and across to Stand, Goodwood and Durbanville, will be sold by High Street Auctions on behalf of the City of Cape Town at the DHL Stadium in Green Point on June 29th.

The breakdown of the council properties on auction is:

  • Four houses – two in Gardens, one in Newlands in the southern suburbs and the last in Goodwood in the north. The CBD houses are zoned General Residential 2, and the Newlands and Goodwood houses Single Residential 1.12 development properties zoned Single Residential 1: Conventional Housing;
  • Two development properties zoned Single Residential 2: Incremental Housing;
  • Three adjacent development sites being sold as one large group housing lot zoned General Residential 1;
  • One development property zoned General Residential 4;
  • Two development sites zoned Local Business 2;
  • Four lots zoned General Business 1;
  • Two development sites zoned General Business 4;
  • Two development sites zoned Community Zone 1;
  • One development site with a dual zoning of Community Zone 2 and Transport Zone 2; and
  • One development site with approved overlay zoning for residential.

Greg Dart, Director at High Street Auctions, says bidder registrations for City of Cape Town property auctions have traditionally been high, but buyer interest in the lots under the hammer this month are exceeding all expectations.

He says countrywide bidder interest is predominantly focused on five lots:

54 Bisset Street, Newlands – This 162m² red brick house with white shutter trim that sits atop a double garage and granny flatlet boasts a fireplace in the lounge, separate dining room and original parquet flooring in the bedrooms. The main bedroom has a full en-suite bathroom, with a family bathroom servicing the remaining two bedrooms in the main house. The bachelor flatlet also has a small en-suite and opens onto the onto the mature garden of the 614m² plot.

79 New Church Street, Gardens – This 135m², two-bedroom heritage cottage with gorgeous wooden floors is a dream investment buy. Located on the edge of Cape Town’s vibrant CBD at the foot of Table Mountain, it’s just minutes from the City’s best eateries, award-winning beach and the internationally renowned V&A Waterfront. Zoned GR2, with a facelift the cottage is ready to start earning forex as a trendy B&B or vacation rental.

73 New Church Street, Gardens – At 96m² this is the slightly smaller heritage cottage of the two on auction in Gardens, but it boasts three bedrooms, an original fireplace in the lounge and outside storage. Also zoned GR2, this cottage requires sensitive restoration, but for the right investor it will soon become a big hit with international tourists looking to be at the vibey heart of everything Cape Town.

5 Tristan Street and 3A & 3B Bergsicht Street, Durbanville – These three adjoining plots in upmarket Durbanville will be sold as one development lot with a GR1 zoning. The GR1 zone encourages group housing, which is a medium-density form of residential development, where attention is given to aesthetics, architectural form and the inter-relationship between different components of the development. Opportunities are included for low-rise flats within a group housing project. Demand is high for housing in Durbanville because of the great schools, retail and entertainment offerings in the area, and development land on this scale close to the Durbanville CBD is scarce.

45 Dartmouth Road, Muizenberg – This 498m² plot is located a stone’s throw from Zandvlei and within walking distance of Muizenberg’s historic seafront. Muizenberg, on the False Bay coast, is part of Cape Town but retains a village feel. It’s a surfing and water sports paradise that boasts several primary schools and a local high school, with the University of Cape Town a short train ride away.

Dart says there’s immense appetite for City of Cape Town development land, because the geography of the peninsula is by its nature very limiting.

“There simply isn’t enough space for the city to grow, given the number of people migrating to Cape Town.”

Dart says the Mother City’s incentives are enticing: 60% less load-shedding than the rest of the country, a cash-for-power plan buying electricity from businesses that feed back into the grid and an across-the-board property rates relief package peaking at 52% for homes valued below R5 million.

“It’s not rocket science to figure out why businesses are migrating from Gauteng to Cape Town, and their owners along with them.

“We’ve seen an upward trajectory of interest in High Street’s auctions of City of Cape Town land in recent years, but never at current levels.

“In the past, bidding at City of Cape Town property sales has been competitive. This month, I think it’ll be nothing short of ferocious.”

High Street Auctions Associate Director Shawn van Jaarsveld echoes Dart’s sentiment, adding that the auction is also drawing international bidder interest.

“The Newlands house has attracted the most overseas inquiries, while the Durbanville group housing lot is on the radar of numerous national developers who see the enormous potential of the site.”

Van Jaarsveld also notes that dozens of interested buyers have made contact regarding the residential plots in Khayelitsha and the community development sites in Grassy Park, Bridgetown and Kewtown.

“People want to build near their families, and so many registered NPOs in the area desperately need space to develop community service facilities. This auction is the ideal place for them to acquire that land and further help to uplift their communities.”

Dart says the City of Cape Town’s property auction will begin at noon sharp on June 29th in Business Lounge G on Level 4 of DHL Stadium (formerly known as Cape Town Stadium) in Fritz Sonnenberg Road, Green Point, Cape Town.

“For bidders who can’t attend the auction in person, download the High Street Auctions app from https://highstreetauctions.bidwrangler.com/ui.

“You can register for the auction on the app, watch the auction live and bid on the app in real time. Bidders from across the country, and indeed across the world, can compete for their piece of Cape Town paradise via their smartphones.”

For more information on all the properties on auction in Cape Town on June 29th, download the High Street app, visit www.highstreetauctions.com or contact Van Jaarsveld at This email address is being protected from spambots. You need JavaScript enabled to view it..

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