R11,300,000 | 1,105m² Retail For Sale in Stellenbosch Central

Presenting a lucrative investment opportunity in the commercial real estate market. This well-positioned 1,105 square meter building is available for R11.3 million. The property features a prominent retail tenant and ample parking spaces, offering solid income potential.

Currently, the property generates a total income of R142,628.69 per month, primarily from retail and parking revenues. Monthly expenses are R51,717.00, yielding a net monthly income of R90,911.69. After accounting for annual rates, taxes, and levies totaling R620,604.00, the net annual income stands at R1,090,940.28.

The property’s rental rate of R129.08 per square meter underscores its strong income potential. However, opportunities exist to enhance profitability further. Potential improvements include optimizing parking income, revising lease agreements for better terms, and exploring subdivision options for increased tenant diversity.

Additional considerations involve:
- Raising parking fees to market levels and implementing a paid parking system.
- Conducting a thorough expense analysis to identify cost-saving measures.
- Exploring additional revenue streams like rooftop advertising or telecom installations.

This property offers a compelling investment with robust income potential and avenues for growth. Implementing the recommended strategies can significantly boost its value and profitability. Contact us to seize this prime investment opportunity.

Sole Mandate - Brickfield Properties