Auctions

Duly authorised by the owners, we will sell by PUBLIC AUCTION

RESIDENTIAL INVESTMENT PROPERTY WITH PRIME KNYSNA LAGOON LOCATION

Auction date: Thursday, 18 December 2025
Time: 11:00
Venue:  On-site, On The Estuary, 150 Old Cape Road, Knysna

An excellently located property on the lagoon as one enters Knysna from the west. Improved with several accommodation-oriented buildings that previously operated as the 4-star guesthouse ”On The Estuary”, this property now allows for several possibilities in the form of short and/or long-term accommodation or a combination thereof. With consent use the property can also be used for institutional purposes.

There are only a select few properties in Knysna with such a unique location, excellent visibility / exposure, lagoon access and unbeatable views of the lagoon and Knysna Heads! Do not miss the opportunity to add this property to your portfolio.

PROPERTY DESCRIPTION
Erf 194 Knysna
Erf Extent: 1605m²
Improvements ±1054m²
Address: 150 Old Cape Road, Knysna

ZONING
Current zoning is General Residential, which allows for:
– Primary use: apartments, licensed hotel without off-sales facilities
– Consent uses: institutional buildings, group houses, town houses, dwellings

IMPROVEMENTS
Details / composition of the improvements (±1054m² in total)

Ground floor
• Unit open plan kitchen/lounge, bedr, bathr – (Room 1)
• Hotel room (bedr / kitchenette, bathr) – (Room 2)
• Hotel room (bedr / kitchenette, bathr) – (Room 3)
• Hotel room (bedr / kitchenette, bathr) – (Room 4)
• Unit open plan bedr / kitchenette / fireplace, bathr – (Room 11)
• Hotel room (bedr, bathr) – (Room 12)
• Hotel room (bedr, bathr) – (Room 13)
• “Manager’s cottage”: 3 bedr, 2 bathr (1 incomplete), open plan kitchen / living room, small undercover stoep

1st Floor
• Hotel room (bedr, bathr) – (Room 5)
• Hotel room (bedr, bathr) – (Room 6)
• Hotel room (bedr, bathr) – (Room 7)
• Hotel room (bedr, bathr) – (Room 8)
• Unit open plan bedr / kitchenette, bathr – (Room 9)
• Unit open plan bedr / kitchenette, bathr – (Room 10)
• Open plan kitchen / lounge, 1 bedr, 1½ bathr & large private deck (Room 14)
• Open plan kitchen / lounge, 2 bedr, 2 bathr & large private deck (Room 15)

SUMMARY OF UNITS (16) LISTED ABOVE
9 x Hotel rooms (bedr, bathr) (Room 2,3,4,5,6,7,8,12,13)
3 x Open plan bedr / kitchenette, bathr (Room 9,10,11)
1 x Open plan kitchen/lounge, bedr, bathr (Room 1)
1 x Open plan kitchen / lounge, 1 bedr, 1½ bathr & large private deck (Room 14)
1 x Open plan kitchen / lounge, 2 bedr, 2 bathr & large private deck (Room 15)
1 x “Manager’s cottage”: 3 bedr, 2 bathr (1 incomplete), open plan kitchen / living room, small undercover stoep

OTHER IMPROVEMENTS
• Staff bedroom with bathroom
• Double Door garage for 5 vehicles
• Laundry with 2 storerooms
• Reception area: 2 offices, 1 bathr, lounge with jetmaster fireplace
• Garden / maintenance shed
• Swimming Pool
• Outside braai areas
• 8 parking bays (plenty space available for expansion)

FURNITURE
All the furniture and equipment are included in the transaction. In summary, this includes all furniture and equipment that was used when the total property was operated as a guesthouse.
Currently, the furniture has been removed from the rooms and is being stored in bulk on the premises.

LEASE AGREEMENTS
The property is currently vacant, subject to 3 units that are being leased on a monthly basis.
The detail of the leases tbc.

GOING CONCERN AND VALUE ADDED TAX
The business and the business assets will be sold as a going concern.
We will endeavour to achieve a zero-rated VAT transaction. In the event that the zero-rated transaction is not allowed by SARS the Purchaser will be obliged to pay the VAT on request.

VIEWING OPPPORTUNITIES
Tues, 2 December @ 13:00
Wed, 10 December @ 13:00

Thurs, 18 December @ 10:00 (one hour before the auction starts at 11:00)

SUMMARY OF CONDITIONS OF SALE
• Purchaser pays 10% (ten percentum) deposit and 6% (six percentum) commission plus 15% VAT on the commission on the day of the auction.
• There will be a period for higher offers after the auction. One confidential higher offer per purchaser is allowed after the auction, which will close on 22 December 2025 at 12:00 noon. Any offer made after the auction will only be regarded as a valid offer if the deposit and auctioneer’s commission have been paid and cleared into the auctioneer’s bank account and the offeror has signed the Conditions of Sale before 22 December 2025 at 12:00 noon. The highest bidder on auction will have the first right of refusal to match any higher offers.
• The sale shall be subject to confirmation by the Seller by 24 December 2025; however the Seller may accept or decline the offer before 24 December 2025.
• The highest bidder will be held bound to his bid until 24 December 2025.
• Balance of the purchase price is payable against registration of transfer.
• The Purchaser shall within 30 days of acceptance of this offer by the Seller, furnish the Seller’s Conveyancers with a guarantee by a registered financial institution and acceptable to the Seller, for the payment of the balance of the purchase price, or alternatively pay the balance of the purchase price in cash to the Conveyancer.
• 15% VAT payable on the Purchase price. It will be endeavoured to establish a zero-rated VAT transaction, but this is not guaranteed
• The Purchaser will be responsible for all costs associated with the transfer.
• Subject to the lease agreements in place, VACANT OCCUPATION and POSSESSION of the property shall be given by the Seller to the Purchaser on the date of registration of transfer into the name of the Purchaser, when all benefit and risk in the property shall pass to the Purchaser.
• All conveyancing work in connection with the transfer of this property shall be effected by the Seller’s attorney.
• Property is sold VOETSTOOTS
• The Seller is responsible to issue the gas and electrical certificates (where and if applicable)

VIEWINGS AND ENQUIRIES

Viewing by appointment only on allocated dates & times – please visit the website regularly for updates

Office: 044-878 2877

Auctioneer: Daniel van Schalkwyk 083 255 4245

Wiidke Burger 0833 777 390