Property features

R20 000 000
Rates R20312 pm

Property Details

Retail Investment Opportunity - Mitchells Plain Corporate Disposal / Sole Mandate Strategically located in Mitchells Plain Town Centre, Cape Town. Priced at R20 million ex VAT , this investment offers a net yield of 14%, presenting exceptional value in one of the Cape Town high density retail nodes. Centralized Hub: Opera Place is situated in Mitchells Plain — the strongest retail node on the Cape Flats. This central location benefits from seamless access to major arterial routes including the N2, N7, and N1, ensuring consistent foot traffic and logistics efficiency. Diverse Consumer Base: Mitchells Plain boasts a large and growing population, representing a wide range of income levels. This diversity offers businesses a unique opportunity to serve a broad market, making Opera Place an ideal location for retailers and service providers alike. Established Retail Landscape: Opera Place is set within a thriving commercial environment, alongside powerhouse retail destinations such as Mitchells Plain Centre (Shoprite Anchored) Westgate Mall, Liberty Promenade, and the Mitchells Plain Town Centre. This synergy creates a powerful magnet for shoppers and draws a wide regional customer base. Focus on Affordability: Mitchells Plain is celebrated for its affordable living — a key driver for attracting cost-conscious consumers. Opera Place aligns with this dynamic, offering accessible retail space that meets market demand while maximizing investor returns. Key Investment Highlights: - Selling Price: R20 million - Net Yield: 14% - Rate per m²: R8,795 - Gross Lettable Area (GLA): 2,274 m² Whether you're an investor seeking high returns or a retailer looking for visibility and footfall, Opera Place delivers the ideal foundation.