AUCTION INFORMATION
Opening Bid: R7 000 000
Previously Listed At: R22 100 000
Auction Date: Saturday, 10 October 2026
Auction Time: 12:30
Auction Venue: On-site
KEY FEATURES
• Incomplete 7-home cluster development
• Erf size: 3 198 m²
• 3 homes complete
• 3 homes part-built
• 1 vacant stand
• Complete, finish, or invest opportunity
• Homes planned as full-title units once complete
• Individual stand sizes approximately 312 m² to 526 m²
• Floor / house sizes approximately 228 m² to 310 m² per home, planned / completed
• Once complete, each home is planned with an entrance hall, open-plan lounge and dining area, kitchen with scullery, three bedrooms, three to four bathrooms, patio, private garden, double garage and solar geysers
• Units 3, 4 and 5 are all
en-suite
• Unit 4 is complete
• Unit 7 is almost complete, with final bathroom fixtures, fittings, painting and related finishing required
• Of the partially completed homes, one is approximately 95% finished, one is built to first-floor brick-and-mortar, and one is fully built in brick-and-mortar and still requires completion
• Two completed homes currently leased month-to-month
• Estimated average rentals: R25 000 – R30 000 per month
PROPERTY DESCRIPTION
Auction Central presents a serious development opportunity in Magalieskruin — an incomplete 7-home cluster development offering the opportunity to complete, finish or invest.
Situated at 450 Besembiesie Street, Magalieskruin, Pretoria, also known as 450 Monchique, the property comprises an erf of approximately 3 198 m².
The development consists of 3 completed homes, 3 part-built homes and 1 vacant stand, providing a combination of completed, nearly completed and unfinished units within one development.
The homes are planned as full-title units once complete. Individual stand sizes range from approximately 312 m² to 526 m², with planned/completed floor areas of approximately 228 m² to 310 m² per home.
Once complete, each home is planned to include an entrance hall, open-plan lounge and dining area, kitchen with scullery, three bedrooms, three to four bathrooms, patio, private garden, double garage and solar geysers.
Units 3, 4 and 5 are all en-suite. Unit 4 is complete, while Unit 7 is almost complete and requires final bathroom fixtures and fittings, painting and related finishing work.
Of the remaining partially completed homes, one is approximately 95% finished, one has been constructed to first-floor brick-and-mortar stage, and one is fully built in brick-and-mortar but still requires completion.
Two of the completed homes are currently leased on a month-to-month basis, with estimated average rentals of R25 000 – R30 000 per month.
Legal description: Erf 780 Magalieskruin Extension 35, City of Tshwane, Gauteng, held under Title Deed T60993/2022.
Opening Bid: R7 000 000
Previously Listed At: R22 100 000
BUY AT YOUR PRICE.
Contact Marco Gaspar at Auction Central to request the bidder pack and register to bid.
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