650 m² Commercial space in Fairland

This well-located Commercial Property in Fairland presents an excellent income-generating investment opportunity with strong future development potential.

The property is situated on a large stand of approximately 2 380m² and is currently improved with six fully tenanted retail units, providing an immediate and stable rental income stream.

A major added advantage is the long-standing Vodacom presence on the property, where Vodacom will renew their lease after approximately 30 years for a new lease term, providing additional security and long-term stability to the income profile.

Key Features:

Established commercial property with business rights

Six retail units all currently tenanted

Gross rental income: R68 500 per month

Net income: R50 000 per month R600 000 per year

Attractive gross yield potential

Large stand 2 380m² with future development potential

Vodacom lease renewal for a new term after 30 years on the property

Ideal for investors seeking income long-term growth

The generous stand size and favourable zoning provide excellent potential for expansion or redevelopment, subject to municipal approval. Additional retail units, office space or a neighbourhood convenience centre could further enhance the property''s income-generating capacity over time.

Properties that combine existing rental income with future development potential are highly sought after in the commercial property market and represent strong long-term investment opportunities.