Property features

R7 000 000
Rates R22799 pm

Property Details

Exclusive Non-Distressed Auction Bidding to Start from R7 000 000 Auction 11 June 2025 No Auctioneers Fees due by Purchaser Non-Disclosed Reserve Price by Seller Pre-Auction Standard Offers Welcome An exceptional opportunity to own a piece of Strand’s commercial heart – this versatile, General Business 4-zoned property offers a rare combination of history, prime location, stable rental income, and mixed-use potential. Situated in the vibrant Market Square in the Strand, this property has never before been offered on the open market. Positioned in a high-footfall area, surrounded by established businesses, government services, and public transport routes.. It is steeped in local history, now a well-tenanted commercial hub with residential components. Key Highlights: • Anchor Tenant in Place: Lewis Stores has been the anchor tenant since 1988 with a current lease agreement running until July 2027, offering long-term rental stability. • Mixed-Use Configuration: Ground floor: A row of small retail shops with active lease agreements and business undertakings. First floor: Originally built as a fully functional motor workshop with high clearance, epoxy floors, and a wash bay, now adaptable for various commercial uses. Large enclosed space with ramp access, currently used for storage, offering potential for further development or conversion. o Top floor: A spacious residence with private ramp access, a garden, and beautiful views – formerly the dream home of the original owner. o Additional residence: A second home currently occupied by the Seller, also on the same erf. Historical Significance & Architecture Why Buy This Property? • Prime position in Strand’s busy Market Square • Solid rental income with long-term tenants in place • Rare opportunity to own a historically significant and versatile property • Endless potential for redevelopment or business expansion. This is more than a property – it’s a multi-generational legacy with solid bones, income-producing tenants and limitless potential in a prime location. CONTACT US TODAY TO SCHEDULE A PRIVATE VIEWING AND EXPLORE THE UNIQUE OPPORTUNITY. The property is zoned for Business use and the seller is a registered VAT vendor. As such, VAT is payable on the purchase price and not transfer duty. The VAT amount is in addition to the purchase price. The listed price excludes VAT. NOTE: Full building sqm not confirmed – there’s far too much to list here! This is a must-see property that offers space, income, location and legacy.