R20,000,000
Mixed-Use Investment Opportunity in the Heart of Bellville
A compelling blend of immediate yield and longer term strategic upside, this is an ideal opportunity for seasoned investors looking to reposition a well-located asset with solid fundamentals and below-replacement cost acquisition:
- A strategically located mixed-use sectional title building on bustling Voortrekker Road, Bellville.
- The offering comprises the commercial components of a sectional title building, make up over 72% of the Participation Quota - a rare chance to acquire 20 income generating retail, office and storage sections, plus 41 exclusive use parking bays, all under one ownership.
- Total GLA: ±4,776 m² comprising: Retail: 2,156 m² + Offices: 2,329 m² + Storerooms: 291 m² + 41 parking bays
- In the short term, the value-add potential lies in creative repositioning of the offices (into medical and/or legal suites, as the building is located close to a popular hospital and regional courts), as well as an opportunity to reclaim currently un-utilised space as additional retail space.
- In the longer term, the building offers scope for consolidation, as the balance of owners in the building are fragmented, thus presenting an opportunity for the Purchaser to gain control of the Body Corporate.
- Asking Price: R20 million excl. VAT
(Investment Analysis to be presented on application)
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Disclaimer: While every effort will be made to ensure that the information contained within the Steer Property Group website is accurate and up to date, Steer Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.