PORTFOLIO DISPOSAL - Accepting Offers.
Perfectly positioned large commercial building with GLA of ±1,956m² across 3 units
• Buildings consist of Retail space, Office & Ablutions, Workshops, Warehousing and Storage areas
• Driveway access points for loading and deliveries with roller shutter doors
• Gross Income = ±R1,737,000pm
• Net Income = ±R1,377,000pm
• Current net yield = 10%
• Tenant Mix = Midmar Liquors, Wholesaler & Workshop
• 100% Occupied building, secured leases in place with longstanding established tenants.
• Upcoming lease renewal periods (from 2027 - 2032), lease escalations = avg. 5%-7% p.a
• 3 phased power supply (63A and 415V) with estimated kVA of 45
• Additional bulk available for redevelopment of up to 2,700sqm (estimated 6-7 floors height total)
• Double volume ceilings, concrete cement blocks and steel beam structures, with metal pitched roof sheets.
• High traffic zone with plenty of footfall - Massive potential for advertising revenue via signage/billboards
VAT applicable transaction.
Ideal for redevelopment or keep as an investment.
DETAILS:
• Erf no: 10870, Bellville
• Erf size: 1561m²
• Zoning: General Business 4
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Bellville Central, Bellville, Western Cape
