Bids start at P14 million (exc. VAT). Guide Price: P20 million (exc. VAT).*

Timed ONLINE AUCTION. Auction Date: Tuesday 10th November 2026, starting at 9:30am and ending at 10:30am**.

OVERVIEW: A rare opportunity to secure a prime 13,471 sqm commercial-use corner property along Old Lobatse Road - one of Gaborone’s busiest and most sought-after commercial corridors. Featuring an exceptionally low ca. 17% site coverage, this property serves as an ideal covered land play: leverage the existing functional structures for near-term tenant income while planning a landmark, highest and best use redevelopment.

EXISTING IMPROVEMENTS (8 Buildings and ancillary developments)

• Main Office/ Conference Building (ca. 478 sqm): Refurbished, featuring modern partitioned and air-conditioned offices, meeting and conference rooms, a reception, kitchen/ canteen and toilets.

• Conference / Workshop Building (ca. 256 sqm): dated yet functional, featuring partitioned and air-conditioned offices, light-industrial workshop space, training/ conference room and toilets.

• Office / Conference Building (ca. 321 sqm): dated yet functional, featuring air-conditioned open plan offices, training/ conference rooms, filing room and toilets.

• Conference Building (ca. 99 sqm): two carpeted and air-conditioned conference/ training rooms.

• Storage Warehouse (ca. 368 sqm): sliding door for loading, mostly open plan with partitioned offices and storerooms.

• Warehouse (ca. 726 sqm): formerly refurbished to be used as a museum. Relatively modern, mostly open plan with partitioned exhibit stations, and partitioned storeroom, air-conditioned office and toilets.

• 2 x Ablution Blocks (ca. 12 sqm and ca. 15 sqm).

• Access & Security: Clear-view boundary fencing on east and north street fronts; combination palisade and walling on shared boundaries; dual sliding access gates; paved internal driveways and dedicated parking.

INVESTMENT HIGHLIGHTS

• Massive expansion footprint: Ample undeveloped land ready for immediate expansion or phased master planning.

• Near-Term Cash Flow: Move-in-ready office and warehouse spaces allow a buyer to quickly let the property and generate holding income to cover carrying costs during the planning and permitting phase.

• Flexible Integration: Retain and integrate existing buildings into a phased master plan, or clear the site sequentially.

• Unmatched Exposure: Direct positioning along a major arterial corridor surrounded by some of the country’s largest enterprises, benefitting from massive daily vehicular and pedestrian traffic counts.

The holding yield capacity is clear, and the development potential is endless. Secure this prime property on Gaborone's premier commercial belt.

Please Note: The Property is sold subject to a perpetual servitude of access to be registered in favour of the Seller, and its successors-in-title or assigns, over a portion of the Property for the purposes of maintaining, repairing, operating, upgrading, replacing and any other related activity on the existing telecommunications tower together with all associated telecommunications equipment and ancillary infrastructure. Please enquire and/ or refer to the “Conditions of Sale for Immovable Property” for further information.

*Please Note: The Opening Bid, Guide Price, or any other advertised price is intended solely as a market guide and does not constitute or reveal the Reserve Price for the Auction. In accordance with the Conditions of Sale, the Auctioneer is not obligated to accept the highest bid, and the final sale remains strictly subject to written confirmation by the Seller within 7 calendar days, irrespective of the highest bid amount reached.

**Note that any bid placed in the last minute of the auction will extend the auction time by a further 2 minutes.