South Africa’s economy is at a crucial crossroads with ongoing global trade pressures, a shrinking manufacturing sector, climbing unemployment and low business confidence impeding sustainable economic growth. Yet, there are pockets of excellence and the industrial property sector, for example, that remain buoyant despite ongoing challenges says High Street Auction Company director, Greg Dart.
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Speaking ahead of the company’s next auction on October 30, 2025, at the Bryanston Country Club in Johannesburg, he says that “hero properties” are attracting substantial investor attention. One of the top performers is the logistics and warehousing sector which not only contributes approximately 10 to 12% to GDP but plays a significant role in the supply chains of both import and export businesses.
An aerial view of Mostyn Park, which is located close to Lanseria Airport with easy access to the N1 and N14 highways.
“With no end to tariff wars in sight and the tentative renewal of the Africa Growth and Opportunities Act (AGOA) for just a year, intra-regional trade could intensify. South Africa remains the gateway to the region for both imports of raw materials and consumables and exports of commodities and manufactured goods. That explains the strong demand for strategically located warehousing and distribution centres,” he says.
Adrian Saville, who holds a professorship in economics, finance and strategy at the Gordon Institute of Business Science (GIBS) unpacks this further: “In a challenged economic landscape, industrial real estate is becoming the quiet barometer of South Africa’s economic resilience – and a point of competitive advantage for firms that harness the right assets. Even as headline confidence indicators sag, the logistics and warehousing sector continues to attract capital because it sits at the intersection of trade, energy reliability, and urbanisation. In South Africa’s fragmented growth landscape, these ‘hero assets’ are not just properties – they are infrastructure for competitiveness. Investors who understand this are effectively betting on the arteries of the real economy, where the flow of goods and productivity gains matter more than sentiment.”
Actively marketing hero properties
However, too few “hero properties” come to market, Dart admits: “Because distribution is alive and well, those types of facilities are deeply in demand. Typically, developers actively build for tenants and have immediate occupiers. Companies looking to expand or source new premises must join a long queue. Unfortunately, a lot of up-and-coming companies haven’t got time to wait to build their own greenfields projects.”
The High Street Auction Company has identified four key examples of these properties that are due to come under the hammer:
Pretoria Industrial Park
The first is a fully tenanted industrial park in Pretoria West that includes warehouses, workshops and offices, and large-scale industrial and manufacturing activities. A fully paved yard is ideal for logistics, parking or outdoor operations. Centrally located, it offers easy access to Pretoria CBD, Laudium and Centurion.
“This property is located in a prime industrial node and has a gross annual income of around R21 million. In addition to being financially sound with strong tenancy, it is a critical national key point for heavy industry which means no load shedding,” Dart points out.
A Stanger warehouse in KZN North
He says the second property, a 6650m² Stanger warehouse, is well-located within Kwa-Zulu-Natal’s North Coast industrial hub: “Positioned on the N2 with R74 links inland, it serves both coastal and inland markets. Most importantly, it sits between Durban, Africa’s busiest port and Richards Bay, South Africa’s largest bulk port and will form part of the province’s R1-trillion aerotropolis.
In an area where bulk services are constrained and new developments face delays, this immediate capacity gives occupiers a major operational advantage.”
The warehouse has two wide access points (roller shutter and steel door) for horse-and-trailer entry, multiple offices that include a director’s office, admin block and production manager’s office, a separate research and development building, a secure yard and internal loading bays.
Mostyn Park in Lanseria
The third, a large, vacant industrial warehouse / factory in Mostyn Park, Lanseria which was formerly occupied by West Pack before it went through business rescue and restructured, is ideal for logistics, distribution, manufacturing or storage. Strategically located close to Lanseria Airport with easy access to the N1 and N14 highways, it provides modern infrastructure.
Features include impressive eave heights ranging from 9 to 17-metres, an operational sprinkler system, effective large truck articulation space and a 1MVA power supply with a large backup generator.
Dart says his team has already proactively approached potential investors with similar business models to the previous tenant: “We are constantly, aggressively taking the initiative in the marketplace as opposed to waiting for somebody come and sign up.”
Weltevreden Park in Roodepoort
Situated at a high-visibility location on J.G. Strydom Road in Weltevreden Park, with easy accessibility from major transport routes onto Hendrik Potgieter Road and the N1 Bypass, this versatile 2,985m² property is ideal for a wide range of businesses, blending functionality, visibility and superior finishes.
This Weltevreden Park property comprises a free-standing, multi-use facility, zoned for business use that is ideal for professional offices and service-based businesses or enterprises that also require stockholding for distribution or logistical needs.
The improvements consist of a multi-level building with a warehouse that could be used as a retail showroom outlet with a mix of open-plan and partitioned office space, boardrooms, staff facilities and secure access points. The layout is suited to single or multiple tenants and includes air-conditioning, kitchenettes and ablution facilities.
On-site parking is provided with both open and covered bays, secured by perimeter fencing and controlled access.
A proactive approach to buying and selling
The benefit of an auction of these desirable industrial assets is that you bring together a group of investors to compete and drive up the price. You will extract a better price in a competitive environment.”
Auction terms are very specific: “These transactions are not subject to finance. When an investor raises a paddle or gives us an offer, they’ve completed their due diligence. They are also required to pay a deposit of 16,5% of the offer price alongside their signed agreement. Further to that, they’ve only got 45 business days to raise the bank guarantee / cash for the balance of the purchase price. When a seller gets an offer on auction terms, it’s unconditional. If the seller accepts, the buyer has no exit. If they fail to perform, the deposit is relinquished as damages. So, this is very bankable.”
For a seller in an uncertain market, this is a welcome outcome that will facilitate the liquidation of a non-core asset so that capital can be deployed elsewhere, Dart adds.
The October 30 auction not only features these four gems but a wide range of properties that include everything from student accommodation, upmarket prime investment apartments and luxury residences to prime office space, boutique hotels, lodges, and vacant land for development.
Contact High Street Auctions here.
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