Property features

R10 650 000

Property Details

This investor commercial investment opportunity features national anchor tenants, SPAR, and TOPS. Positioned on a high-exposure site with excellent visibility and accessibility, the property enjoys strong tenant retention and stable income. With imminent lease restructuring, this asset offers immediate upside potential and an attractive projected net yield of over 17%. Property Overview - Location: Parys/Free State 21 Phillip Street Parys 9585 - Property Type: Retail Commercial - Anchor Tenants: SPAR & TOPS (renowned national retailers) - Total Lettable Area: 1,700 sqm - Parking: Ample on-site customer parking - Visibility: Corner site on a busy main road with excellent foot and vehicle traffic - Zoning: Commercial Asking Price R10,650,000 (Ten Million Six Hundred and Fifty Thousand Rand) Current Financial Overview - Current Monthly Rental Income: R85,000 - Annual Gross Income: R1,020,000 - Estimated Annual Operating Expenditures: R120,000 ( - Net Operating Income (NOI): R900,000 - Gross Yield: ±9.58% - Net Yield: ±8.45% The SPAR and TOPS property presents exceptional value to discerning investors, offering not only a secure and reliable income stream but also the added advantage of an annual 6% increase in rental income. This consistent growth ensures long-term financial stability, making it a robust and attractive investment opportunity for those seeking steady, lifelong returns. Highlights - Long-term, nationally recognized tenants committed to occupancy - Opportunity for lease restructuring without capital outlay - Yield of ±9.58% - Located in a high-demand retail zone with future growth prospects - Reliable and consistent rental history with zero arrears