Area specialist
Richard Scott
Investment Specialist
PROPERTY PRACTITIONER
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Grabouw Shopping Centre
1 Oudebrug Road, Grabouw, South Africa
Freehold retail investment opportunity
Listing ID: S-10513
| Sale Price | R126 100 000 | |
| Yield | 9% | |
| GLA | 9,260 m² | |
| Rate | R13 618 /m² | |
| Zoning | Business | |
| Erf Number | 675, Grabouw | |
| Erf Size | 26 900 m² | |
| Levies |
R0 |
|
Rare dual-income offering: a SuperSpar-anchored convenience centre with Clicks, Mr Price, Wimpy and national co-tenants, plus a 91%-let residential lodge with expansion upside. 9 259m² GLA at a 9.2% blended yield.
Key Features:
- Price: R126 100 000 (Excl. VAT)
- Total GLA: 9 259m²
- Blended Yield: 9.20%
- Erf / Legal Description: Erf 675, Grabouw (Subdivision in Progress)
- Zoning: Local Business 2
- Anchor Tenant: SuperSpar — Corporate Lease to The Spar Group Ltd (To 2029)
- National Tenants: Clicks (To 2029), Mr Price (To 2028), Wimpy (Famous Brands), The Crazy Store, Grabouw Pharmacy, Edge Fitness (To 2034)
- Banking: FNB, Nedbank & Capitec ATMs
- Retail Portion: 8 539m² GLA | ±R10.58m Net Income | 9.00% Yield
- Residential (Grabouw Lodge): 720m² | 22 Units | ±91% Let | ±R1.03m Net Income | 12.00% Yield
- Upside: Scope to Expand and Effectively Double the Residential Room Count
- Location: Oudebrug Road, Grabouw — N2 Corridor, ±60km from Cape Town
For more information, please contact David Yach.
Investment Specialist
PROPERTY PRACTITIONER
| Sale Price | R25 500 000 | |
| Yield | 9% | |
| Size | 1 556 m² | |
|
Generator |
Security |
|
Wheelchair Access |
Water Backup |