AUCTION | 671m² Investment For Sale in Extension 12

Bids start at P2.9 million exc. VAT.

Timed ONLINE AUCTION. Auction Date: Tuesday 24th March 2026, starting at 9:30am and ending at 10:30am*. *Note that any bid placed in the last minute of the auction will extend the auction time by a further 2 minutes.

Presenting a rare and strategic investment prospect in the heart of Gaborone. Spanning an impressive 3,233sqm, this property represents one of the largest available footprints in a neighborhood characterized by high-demand residential and commercial activity. While the current structures—comprising two original hostels with ancillary dining and communal facilities—are in a dilapidated state, the site offers a "blank canvas" for visionary investors and developers.

Extension 12 remains one of Gaborone’s most sought-after nodes due to its central location and proximity to key landmarks. The property sits within easy reach of the University of Botswana, the Main Mall, and the Government Enclave making it a high-traffic, high-value corridor. Properties of this scale rarely enter the open market in this established precinct.

The sheer size and central positioning of the plot allow for several high-yield development strategies:

For those looking to refurbish, the existing "hostel" layout lends itself to conversion into a modern business center, an incubator for startups, or a collaborative flexible workspace catering to the city's growing professional class.

Alternatively, given the current housing deficit in central Gaborone, subject to planning permission, the site is perfectly primed for a high-density, multi-residential scheme, capitalizing on the area's premium rental rates, or purpose-built student housing given its proximity to major educational institutions, a sector known for consistent occupancy and resilient cash flow.

This is more than just a property sale; it is a strategic acquisition for a developer. Whether through an ambitious redevelopment or a creative refurbishment, the scale and location of this lot ensure significant capital appreciation and long-term yield.

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.