This well-located commercial and industrial property in Hopefield offers a fantastic opportunity for investors seeking immediate rental income with future growth potential.
The commercial building includes two cool rooms, two storerooms, a working area, service area, and a private office with a bathroom. There is also an outside locker room with its own toilet, adding convenience for staff.
The warehouse section features multiple industrial storage units with lockable doors, a workshop, an additional storeroom, a large mezzanine level, and a portion with undercover parking.
Set on a spacious erf of approximately 1,787 m², the property comprises a 408 m² commercial/retail building and a 250 m² warehouse. It is zoned Business 1, allowing for a variety of uses. The property is fully tenanted, providing an immediate and stable income stream, with a current yield of around 7.5% and room for further growth.
Ideally positioned in a central and highly visible area of Hopefield, the property benefits from strong foot traffic and excellent exposure, within walking distance of popular attractions and national retailers.
This is a standout investment offering a diversified tenant base, reliable cash flow, and excellent value for its size and location. With increasing demand for residential and mixed-use development in the area, the property also presents exciting future redevelopment potential, including expansion or reconfiguration to maximise returns.
Whether you're looking for a solid income-producing asset or a long-term development opportunity, this property ticks all the boxes.