Property features

R17 849 000

Property Details

Harcourts Commercial is pleased to present this rare freehold property on Strand Street, De La Haye, comprising a fully tenanted commercial building plus a large vacant rear erf—ideal for a JV with a developer to deliver high-density residential whilst retaining secure rental income. Property Highlights • Anchor business: Liquor wholesaler/distributor occupying 832 m² under a long-term lease expiring 30 Sep 2029, with 7% p.a. step escalations • Development land: ±1 700 m² vacant rear erf included—level, serviced and primed for rezoning to apartments • Recoverable expenses: 100% of municipal rates (R 94 668 p.a.) & electricity consumption recoverable from tenant • Prime location: 3 420 m² stand on a busy arterial, excellent street frontage, high traffic counts and easy access to public transport Financial Overview • Gross Income (p.a.): R 1 351 782 • Net Income (p.a.): R 1 340 898 • Net Yield: 7.5% • Rate per m²: R 6 137.44 Size & Pricing • Stand / Vacant Erf: 3 420 m² total (incl. ±1 700 m² development land) • GLA: 832 m² • Asking Price: R 17 849 000 (Excl. VAT; may qualify for zero-rated VAT) • Available: Accepting Offers This asset offers the perfect blend of stable rental cash flow from a single, blue-chip anchor tenant alongside substantial upside through a residential development JV. Harcourts-Dunn excels at structuring partnerships that maximise both income and capital growth. At Harcourts-Dunn, we know that the right commercial investment is defined by location, business strength, and sustainable cash flow. Our unwavering commitment to reliability, consistency, and integrity ensures that every transaction is handled with the utmost professionalism and transparency. For expert guidance on buying, selling, leasing, or valuing retail and commercial properties, please contact Riaan Grobbelaar for assistance. Our Services Include: • Selling and leasing of retail and commercial properties • Development advisory for industrial and commercial land • Comprehensive property valuation services • Access to exclusive investment opportunities Disclaimer: Every effort has been made to ensure the accuracy of the information provided in this listing. However, the landlord, broker, and associated parties cannot be held liable for any errors, omissions, or misstatements. Tenants/buyers are encouraged to verify all details during a site visit or with formal documentation.