FEATURED
Web Ref CL5743
SOLE MANDATE - HIGH-YIELD MIXED-USE INVESTMENT | 9.56% NET INITIAL YIELD | BELLVILLE CBD PRECINCT
Erf Size: 2,334 m² | Building Extent: ±1,060 m² | Zoning: General Business 3 (GB3)
Asking Price: R10,500,000 (Zero-Rated VAT transaction possible for registered entities)
NG Property Brokers is pleased to present this high-yielding, fully let mixed-use commercial and residential investment asset, prominently positioned on a prime corner stand at 82 Strand Street, Labiance, Bellville. Situated on a 2,334 m² erf with General Business 3 zoning, the property generates strong, diversified cash flow across established retail, office, and residential tenancies.
FINANCIAL SUMMARY (At Asking Price)
Actual Gross Contractual Rent: R98,926 per month (R1,187,107 per annum) (Apartments; Retail Supermarket; Office; Garage)
Actual Operating Expenses: R15,307 per month (R183,689 per annum) (City of Cape Town rates, insurance, caretaker, cleaner, maintenance reserve, and compliance)
Net Operating Income (NOI): R1,003,418 per annum
Net Initial Yield (Cap Rate / ROI): 9.56%
Gross Initial Yield: 11.31%
Immediate Upside Potential: Revision of garage and apartment rentals to market value, formalization of individual tenant water/municipal recoveries on apartments, and future redevelopment for student accommodation.
BUILDING CONFIGURATION & ACCOMMODATION (±1,060 m² GLA)
Ground Floor Commercial & Residential (±506 m²):
- Shop 1 & 2: Established supermarket/retail tenant
- Shop 3 / Office: Commercial security and administrative office.
- Ground-floor apartment unit.
- Double garage.
First Floor Residential Apartments (±506 m²):
- 10 Fully let residential units with an established occupancy track record:
- 2 × Generous 1-bedroom apartments (±45 m² each).
- 8 × Spacious 2-bedroom apartments (±65 m² each).
Parking & Security:
- 6 Lock-up undercover bays.
- 3 Under-shade net parking bays.
- Large enclosed paved/asphalt yard providing ample parking for patrons and residents.
- Fully secured perimeter.
LOCATION & ACCESS
Exceptional visibility and exposure opposite Bellville Technical High School along the high-traffic Strand Street corridor, offering immediate arterial access to Voortrekker Road, the R300, and N1 freeways, and within walking distance of key public transport interchanges (Bellville Train Station, taxi ranks, and Golden Arrow bus terminals).
Strictly by appointment only. Comprehensive lease agreements, municipal accounts, and rent rolls available to qualified buyers.
Asking Price: R10,500,000 (Zero-Rated VAT transaction possible for registered entities)
NG Property Brokers is pleased to present this high-yielding, fully let mixed-use commercial and residential investment asset, prominently positioned on a prime corner stand at 82 Strand Street, Labiance, Bellville. Situated on a 2,334 m² erf with General Business 3 zoning, the property generates strong, diversified cash flow across established retail, office, and residential tenancies.
FINANCIAL SUMMARY (At Asking Price)
Actual Gross Contractual Rent: R98,926 per month (R1,187,107 per annum) (Apartments; Retail Supermarket; Office; Garage)
Actual Operating Expenses: R15,307 per month (R183,689 per annum) (City of Cape Town rates, insurance, caretaker, cleaner, maintenance reserve, and compliance)
Net Operating Income (NOI): R1,003,418 per annum
Net Initial Yield (Cap Rate / ROI): 9.56%
Gross Initial Yield: 11.31%
Immediate Upside Potential: Revision of garage and apartment rentals to market value, formalization of individual tenant water/municipal recoveries on apartments, and future redevelopment for student accommodation.
BUILDING CONFIGURATION & ACCOMMODATION (±1,060 m² GLA)
Ground Floor Commercial & Residential (±506 m²):
- Shop 1 & 2: Established supermarket/retail tenant
- Shop 3 / Office: Commercial security and administrative office.
- Ground-floor apartment unit.
- Double garage.
First Floor Residential Apartments (±506 m²):
- 10 Fully let residential units with an established occupancy track record:
- 2 × Generous 1-bedroom apartments (±45 m² each).
- 8 × Spacious 2-bedroom apartments (±65 m² each).
Parking & Security:
- 6 Lock-up undercover bays.
- 3 Under-shade net parking bays.
- Large enclosed paved/asphalt yard providing ample parking for patrons and residents.
- Fully secured perimeter.
LOCATION & ACCESS
Exceptional visibility and exposure opposite Bellville Technical High School along the high-traffic Strand Street corridor, offering immediate arterial access to Voortrekker Road, the R300, and N1 freeways, and within walking distance of key public transport interchanges (Bellville Train Station, taxi ranks, and Golden Arrow bus terminals).
Strictly by appointment only. Comprehensive lease agreements, municipal accounts, and rent rolls available to qualified buyers.
Features
Zoning
Mixed Use
Exterior
Security
No
Sizes
Floor Size
1,060m²
