Exclusive mandate!
Positioned in an established Annadale commercial precinct, this income-producing property offers investors and owner-occupiers an affordable entry into a market where smaller retail properties are in limited supply.
The 714m² full-title property offers approximately 450m² under roof with Business 2 rights. At an acquisition cost of approximately R3 556 per m² under roof, it presents compelling value and considerable rental upside.
Investment Potential
Based on a potential rental rate of up to R100 per m² excluding value-added tax, the property could generate up to R45 000 per month or R540 000 per annum.
This represents an indicative potential gross annual return of approximately 33.75% on the asking price, calculated before vacancies, operating expenses, refurbishment costs, finance and taxation.
Flexible Commercial Layout
The property offers a street-facing retail component with a loading bay and storage area at the rear. The existing layout could potentially be opened and reconfigured to create a larger retail floor, showroom, office environment or adaptable commercial premises, subject to the necessary approvals and structural requirements.
The surrounding precinct consists predominantly of offices and light-commercial properties, making this one of the area’s relatively scarce smaller retail opportunities. Its frontage, Business 2 rights and adaptable configuration provide flexibility for investors, retailers, service businesses and owner-occupiers.
Functional Value-Add Opportunity
The property is functional, currently occupied by two tenants and actively used for commercial purposes. It requires cosmetic attention and general upgrading, which is reflected in the competitive asking price.
For the right investor, this creates an opportunity to improve the asset, optimize the available space and unlock additional rental value over time.
The property measures approximately 450m² under roof on a 714m² full-title stand. It offers street-facing retail space, a rear loading bay, storage facilities, conversion potential and an attractive acquisition cost of approximately R3 556 per square meter under roof.
Viewings are strictly by appointment and subject to arrangements with the occupants.
Contact us for a viewing today
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No one sells more property than us, so make the smart choice now. Pre-qualified or cash buyers will be given preference. If this property does not suit your needs or taste, please give me a call so that we can discuss and find your dream home or next investment. Please also click on the logo to your right to see all properties available by us.
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Wy.S
Ph.s