Mixed-use property in central Bellville with ground-floor retail and upper-level residential tenants, long-term leases, and stable recoveries.
BUILDING STRUCTURE
• Erf Size: 714m²
• GLA: ±1,397m² lettable
• Layout: Retail ground floor with residential above
INFRASTRUCTURE & SERVICES
• Tenants: Retail and residential mix
• Recoveries: Full recoveries
INVESTMENT & REDEVELOPMENT
• Long-term lease expiries provide stability.
• Mixed-use profile diversifies income stream.
• Redevelopment potential
INVESTMENT METRICS
• Gross Price: R24,675,000 ex VAT
• Net Income: R2,109,904 p.a.
• Net Yield: 9.0%
• Rate/m²: R32,834
LOCATION INSIGHT
• Kruskal Avenue pedestrian corridor, central Bellville node.
• Surrounding industries: retail, services, residential.
• Accessible via Voortrekker Road and Bellville transport interchange.
USE CASE SUITABILITY
• Suitable for investors seeking mixed-use retail and residential income in central Bellville.
COMPANY FOOTER
Kiffprop | Industrial & Retail Specialists | Verified Data-First Listings | Specialists in Bellville | Serving Epping, Montague Gardens (Milnerton), Paarden Eiland, Parow, Bellville/Stikland, Airport Industria, Blackheath & Brackengate