2 382 m² Retail Space in Belhar

63 paardeberg singel

2 382 m²

Retail Space For Sale in Belhar, Cape Town 2382m2

2,382m Fully Let Retail Investment Belhar, Cape Town | 9% Yield

Prime Retail Centre with National Anchor Tenant

An excellent opportunity to acquire a fully let 2,382m retail investment property in the heart of Belhar, Cape Town. Anchored by Shoprite USAVE, this centre offers investors stable income and strong tenant security, generating a 9% yield with 8 established tenants under lease.

Property Features

GLA: 2,382m

Net Annual Income: R1,827,527

Yield: 9%

Tenants: 8 fully let, including Shoprite USAVE (anchor)

Occupancy: 100%

Structure: Freehold mini shopping centre

Recovery: Full recovery of municipal charges (rates & taxes) from tenants

Layout & Tenant Mix

Shoprite USAVE as the national anchor, ensuring steady footfall

Supporting tenants provide a complementary retail mix serving daily community needs

Diversified income stream across multiple tenants reduces investment risk

Designed for easy pedestrian and vehicle access with strong road visibility

Location Highlights Belhar, Cape Town

Belhar is a well-established residential suburb within greater Bellville, characterised by dense population and consistent retail demand. This retail hub enjoys:

A loyal customer base with demand for essential goods

Prime position on a busy commuter route linking Bellville South, Delft, and Airport Industria

High visibility and strong passing trade, enhancing tenant success

Long-standing history as a community retail destination, supported by surrounding housing growth and transport connectivity

Investment Snapshot

Purchase Price: R19,930,000(excl. VAT)

Gross Annual Income: R1,827,527

Yield: 9%

GLA: 2,382m

Tenants: 8, fully let with national anchor tenant

Summary

This income-producing retail investment offers stability, resilience, and growth potential. With a 9% yield, reliable tenant mix, and prime community location, it is a rare opportunity to secure a national anchor-led retail asset in Cape Towns established Belhar suburb.

Contact me today to arrange a confidential discussion and viewing.