Telkom properties across South Africa up for grabs

In2assets will auction off 29 prominent Telkom properties 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.

The auction will be live-streamed from the Mount Edgecombe Country Club via the In2assets internet platform, ensuring national and international participation.

Telkom is selling five properties in the Western Cape, nine in Gauteng, seven in the Eastern Cape, and four in KwaZulu-Natal.

Individual properties are also auctioned in the Northwest Province, Limpopo, Northern Cape, and Mpumalanga.

This is the latest in a series of auctions where Telkom is selling properties across South Africa through In2assets.

In September, Telkom’s national property disposal auction resulted in a turnover of R617 million, the largest in South African history.

In2assets hosted the Telkom property auction at the Mount Edgecombe Country Club on the KwaZulu-Natal North Coast on 29 August 2024.

The auction included nine properties in Gauteng, four in Cape Town, three in Durban, and one each in Port Elizabeth, the Eastern Cape, and Welkom.

What was striking about the auction is that many properties are prominent buildings and landmarks in the respective cities.

The auction generated a turnover of R617 million, making it the largest property auction by turnover in South African history.

“All 17 properties on offer were successfully sold and confirmed at the fall of the hammer,” In2assets said.

The company said the prime locations generated great interest from investors, underlining the potential and value of the assets.

Hein Hattingh, the managing director of In2assets, said Telkom’s national property disposal auction was more than just a record-breaking event.

It represented a strategic move for parastatal institutions like Telkom to turn non-core buildings and land into vital cash injections.

Telkom properties in Western Cape on auction

Among the properties on auction in December include several standout Western Cape sites which are set to attract attention.

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.

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.

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.

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.

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 us