1 397 m² Retail Space in Bellville Central

1397m Mixed-Use Investment Property | Kruskal Avenue, Bellville Central

Prime Retail & Residential Redevelopment Opportunity in the Heart of Bellville CBD

An exceptional freehold commercial investment is now available along the high-traffic pedestrian corridor of Kruskal Avenue in Bellville Central. This mixed-use building offers 714m of lettable space, combining retail tenants on the ground floor.

Currently generating an Annual Net Income (ANI) of R2,067,252.00, the property is offered at R24,619,000 (excl. VAT), providing investors with strong immediate returns and significant upside through refurbishment and repositioning.

Property Highlights

Total Size: 1397m

Gross Income: R2,067,252.00 Annual Net Income (ANI)

Price: R24,619,000 (excl. VAT)

Configuration:

oGround Floor: Fully let to retail tenants steady income & high foot traffic

oUpper Floor: Accommodation units ideal for student housing, short-term lets, or affordable rentals

Status: Mixed-use building with value-add potential through upgrades/refurbishment

Location & History

Kruskal Avenue Legacy: One of Bellvilles busiest pedestrianised commercial streets, historically a vital link between the Bellville train station and the CBD.

Bellville CBD Significance: Known as Cape Towns second city, Bellville has a rich history as a commercial hub with increasing demand for retail and residential space.

Growth Trajectory: Ongoing urban regeneration and city-led precinct upgrades are enhancing property values and tenant demand.

Accessibility & Surroundings

Steps from Bellville Taxi Rank and train station

Direct access to bus and transport routes

Close to Sanlam Head Office, Boston College, and Tygerberg Medical Campus

Surrounded by retail outlets, municipal buildings, banks, and learning institutions

Bellville continues to be a strategic growth and urban renewal node

Investment Snapshot

Purchase Price: R24,619,000 (excl. VAT)

Annual Net Income (ANI): R2,067,252.00

Yield: 9% (at asking price)

Opportunity: Value-add potential via refurbishment, student housing conversion, or long-term hold

Why Invest Here?

This is a rare chance to secure a high-income asset in a prime Bellville CBD location. With existing rental income from retail tenants and strong potential for the upper floor, the property is perfect for both immediate returns and long-term capital growth.

Whether youre seeking a fix-and-hold redevelopment project or a stable income-generating asset, this property is strategically located in one of Cape Towns busiest CBD corridors.

Contact me today to arrange a private discussion or viewing.