PRIME COMMERCIAL RETAIL PROPERTY – 1,500 m²
Property Type: Commercial Retail / Investment Property
Total Retail Space: Approximately 1,500 m²
Building Height: 3 storeys
Vertical Access: Goods lift
Current Tenants: 2
Current Rental Income: R40,000 per month
Current Annual Rental Income: R480,000 per annum
PROPERTY OVERVIEW
An exceptional opportunity to acquire a substantial three-storey commercial retail property offering approximately 1,500 m² of retail space, ideally suited to investors, owner-occupiers, retailers, wholesalers, and businesses seeking a high-volume commercial premises with significant space and future income potential.
The property benefits from a goods lift, providing convenient movement of stock and merchandise between the three levels and enhancing the building's functionality for retail, wholesale, storage, distribution, or mixed commercial use.
The building currently accommodates two tenants generating a combined rental income of R40,000 per month, providing an immediate income stream to a prospective purchaser while leaving potential for further optimisation of the property's rental performance.
KEY PROPERTY FEATURES
Approximately 1,500 m² of retail/commercial space
Three-storey commercial building
Goods lift servicing the building
Two existing tenants
Current combined rental income of R40,000 per month
Current gross rental income of approximately R480,000 per annum
Substantial floor area suitable for a variety of commercial applications
Potential for rental growth and improved occupancy, subject to market conditions
Suitable for an investor or owner-occupier
Opportunity to reposition, refurbish or reconfigure portions of the building, subject to the relevant approvals
INVESTMENT OPPORTUNITY
The property's existing tenancy provides an investor with an established income stream from day one.
With approximately 1,500 m² available across three levels, the property also presents an opportunity to investigate rental optimisation and income growth. Depending on the existing leases, zoning, building configuration and local market demand, additional value may potentially be created through:
Reviewing existing rental rates at lease renewal
Securing additional tenants
Improving occupancy of vacant areas, if applicable
Reconfiguring space for multiple commercial users
Upgrading or modernising selected areas
Attracting larger retail, wholesale or commercial tenants
Exploring complementary uses for different floors
The goods lift is a particularly valuable feature for businesses handling stock, equipment, inventory or bulky merchandise, making the property potentially attractive to retailers, wholesalers, distributors and other stock-intensive businesses.
CURRENT RENTAL PROFILE
The property currently has two tenants paying a combined R40,000 per month.
Income Detail Amount
Current Monthly Rental R40,000
Current Annual Rental R480,000
Number of Tenants 2
Total Property Area ±1,500 m²
Storeys 3
Rental figures are based on the information supplied and should be verified against the current lease agreements and supporting documentation.
IDEAL USES
The property's scale and three-storey configuration make it suitable for a broad range of potential commercial applications, subject to zoning and municipal approvals.
Potential uses may include:
Retail:
Large-format retail, specialist retail, furniture, homeware, clothing, appliances, building supplies or other merchandise-based businesses.
Wholesale & Distribution:
The goods lift and substantial floor area can potentially accommodate stock-intensive operations, wholesale businesses and distribution-related activities.
Showroom & Trade Centre:
The property could suit businesses requiring a prominent showroom, customer-facing retail area and substantial back-of-house stock or operational space.
Commercial / Mixed Use:
Depending on zoning and approvals, portions of the building may potentially be configured for complementary commercial activities.
WHY THIS PROPERTY?
1. SUBSTANTIAL FLOOR AREA
With approximately 1,500 m², the property provides considerable commercial accommodation and flexibility.
2. THREE-STOREY CONFIGURATION
Multiple levels allow the building to accommodate different business functions, tenants or departments while maximising the use of the overall footprint.
3. GOODS LIFT
A goods lift adds significant operational convenience, particularly for businesses moving merchandise and equipment between floors.
4. EXISTING INCOME
The property already has two paying tenants, generating R40,000 per month, giving an investor an established rental base.
5. POTENTIAL FOR VALUE CREATION
The current rental income provides a foundation from which a new owner may explore opportunities to improve occupancy, rental levels and overall income performance.
INVESTOR CONSIDERATIONS
Prospective purchasers should conduct their own due diligence regarding:
Existing lease agreements and expiry dates
Tenant payment history
Deposits and rental escalations
Municipal valuation and rates
Zoning and permitted uses
Building compliance and certificates
Structural condition
Electrical and other building services
Insurance requirements
Operating expenses
Maintenance obligations
VAT status and applicable taxes
Any restrictions, servitudes or encumbrances affecting the property
A RARE COMMERCIAL OPPORTUNITY
This 1,500 m² three-storey commercial property represents an attractive opportunity for an investor looking for an income-producing asset with substantial floor area and useful operational infrastructure.
With two existing tenants generating R40,000 per month and the added benefit of a goods lift, the property offers both an existing income stream and the potential to pursue further commercial and rental optimisation.
Enquire today for the full property information, tenant details, lease documentation, financial information and to arrange a private viewing.
All property information, dimensions, rental figures, permitted uses and income projections should be independently verified by prospective purchasers. Rental income quoted above reflects the information provided and does not constitute a guarantee of future income or investment return.
*The information herein is correct to the best of our knowledge as provided by various parties, however errors and omissions excepted. (E & OE)
Total Retail Space: Approximately 1,500 m²
Building Height: 3 storeys
Vertical Access: Goods lift
Current Tenants: 2
Current Rental Income: R40,000 per month
Current Annual Rental Income: R480,000 per annum
PROPERTY OVERVIEW
An exceptional opportunity to acquire a substantial three-storey commercial retail property offering approximately 1,500 m² of retail space, ideally suited to investors, owner-occupiers, retailers, wholesalers, and businesses seeking a high-volume commercial premises with significant space and future income potential.
The property benefits from a goods lift, providing convenient movement of stock and merchandise between the three levels and enhancing the building's functionality for retail, wholesale, storage, distribution, or mixed commercial use.
The building currently accommodates two tenants generating a combined rental income of R40,000 per month, providing an immediate income stream to a prospective purchaser while leaving potential for further optimisation of the property's rental performance.
KEY PROPERTY FEATURES
Approximately 1,500 m² of retail/commercial space
Three-storey commercial building
Goods lift servicing the building
Two existing tenants
Current combined rental income of R40,000 per month
Current gross rental income of approximately R480,000 per annum
Substantial floor area suitable for a variety of commercial applications
Potential for rental growth and improved occupancy, subject to market conditions
Suitable for an investor or owner-occupier
Opportunity to reposition, refurbish or reconfigure portions of the building, subject to the relevant approvals
INVESTMENT OPPORTUNITY
The property's existing tenancy provides an investor with an established income stream from day one.
With approximately 1,500 m² available across three levels, the property also presents an opportunity to investigate rental optimisation and income growth. Depending on the existing leases, zoning, building configuration and local market demand, additional value may potentially be created through:
Reviewing existing rental rates at lease renewal
Securing additional tenants
Improving occupancy of vacant areas, if applicable
Reconfiguring space for multiple commercial users
Upgrading or modernising selected areas
Attracting larger retail, wholesale or commercial tenants
Exploring complementary uses for different floors
The goods lift is a particularly valuable feature for businesses handling stock, equipment, inventory or bulky merchandise, making the property potentially attractive to retailers, wholesalers, distributors and other stock-intensive businesses.
CURRENT RENTAL PROFILE
The property currently has two tenants paying a combined R40,000 per month.
Income Detail Amount
Current Monthly Rental R40,000
Current Annual Rental R480,000
Number of Tenants 2
Total Property Area ±1,500 m²
Storeys 3
Rental figures are based on the information supplied and should be verified against the current lease agreements and supporting documentation.
IDEAL USES
The property's scale and three-storey configuration make it suitable for a broad range of potential commercial applications, subject to zoning and municipal approvals.
Potential uses may include:
Retail:
Large-format retail, specialist retail, furniture, homeware, clothing, appliances, building supplies or other merchandise-based businesses.
Wholesale & Distribution:
The goods lift and substantial floor area can potentially accommodate stock-intensive operations, wholesale businesses and distribution-related activities.
Showroom & Trade Centre:
The property could suit businesses requiring a prominent showroom, customer-facing retail area and substantial back-of-house stock or operational space.
Commercial / Mixed Use:
Depending on zoning and approvals, portions of the building may potentially be configured for complementary commercial activities.
WHY THIS PROPERTY?
1. SUBSTANTIAL FLOOR AREA
With approximately 1,500 m², the property provides considerable commercial accommodation and flexibility.
2. THREE-STOREY CONFIGURATION
Multiple levels allow the building to accommodate different business functions, tenants or departments while maximising the use of the overall footprint.
3. GOODS LIFT
A goods lift adds significant operational convenience, particularly for businesses moving merchandise and equipment between floors.
4. EXISTING INCOME
The property already has two paying tenants, generating R40,000 per month, giving an investor an established rental base.
5. POTENTIAL FOR VALUE CREATION
The current rental income provides a foundation from which a new owner may explore opportunities to improve occupancy, rental levels and overall income performance.
INVESTOR CONSIDERATIONS
Prospective purchasers should conduct their own due diligence regarding:
Existing lease agreements and expiry dates
Tenant payment history
Deposits and rental escalations
Municipal valuation and rates
Zoning and permitted uses
Building compliance and certificates
Structural condition
Electrical and other building services
Insurance requirements
Operating expenses
Maintenance obligations
VAT status and applicable taxes
Any restrictions, servitudes or encumbrances affecting the property
A RARE COMMERCIAL OPPORTUNITY
This 1,500 m² three-storey commercial property represents an attractive opportunity for an investor looking for an income-producing asset with substantial floor area and useful operational infrastructure.
With two existing tenants generating R40,000 per month and the added benefit of a goods lift, the property offers both an existing income stream and the potential to pursue further commercial and rental optimisation.
Enquire today for the full property information, tenant details, lease documentation, financial information and to arrange a private viewing.
All property information, dimensions, rental figures, permitted uses and income projections should be independently verified by prospective purchasers. Rental income quoted above reflects the information provided and does not constitute a guarantee of future income or investment return.
*The information herein is correct to the best of our knowledge as provided by various parties, however errors and omissions excepted. (E & OE)
Features
Zoning
Sizes
Parking Bays
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Just Property website is accurate and up to date, Just Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.