1 500 m² Commercial space in Isipingo Rail

Property Type: Commercial Retail Investment Property

Total Retail Space: Approximately 1,500 m2

Building Height: 3 storeys

Vertical Access: Goods lift

Current Tenants: 2

Current Rental Income: R40,000 per month

Current Annual Rental Income: R480,000 per annum

PROPERTY OVERVIEW

An exceptional opportunity to acquire a substantial three-storey commercial retail property offering approximately 1,500 m2 of retail space, ideally suited to investors, owner-occupiers, retailers, wholesalers, and businesses seeking a high-volume commercial premises with significant space and future income potential.

The property benefits from a goods lift, providing convenient movement of stock and merchandise between the three levels and enhancing the building''s functionality for retail, wholesale, storage, distribution, or mixed commercial use.

The building currently accommodates two tenants generating a combined rental income of R40,000 per month, providing an immediate income stream to a prospective purchaser while leaving potential for further optimisation of the property''s rental performance.

KEY PROPERTY FEATURES

Approximately 1,500 m2 of retailcommercial space

Three-storey commercial building

Goods lift servicing the building

Two existing tenants

Current combined rental income of R40,000 per month

Current gross rental income of approximately R480,000 per annum

Substantial floor area suitable for a variety of commercial applications

Potential for rental growth and improved occupancy, subject to market conditions

Suitable for an investor or owner-occupier

Opportunity to reposition, refurbish or reconfigure portions of the building, subject to the relevant approvals

INVESTMENT OPPORTUNITY

The property''s existing tenancy provides an investor with an established income stream from day one.

With approximately 1,500 m2 available across three levels, the property also presents an opportunity to investigate rental optimisation and income growth. Depending on the existing leases, zoning, building configuration and local market demand, additional value may potentially be created through:

Reviewing existing rental rates at lease renewal

Securing additional tenants

Improving occupancy of vacant areas, if applicable

Reconfiguring space for multiple commercial users

Upgrading or modernising selected areas

Attracting larger retail, wholesale or commercial tenants

Exploring complementary uses for different floors

The goods lift is a particularly valuable feature for businesses handling stock, equipment, inventory or bulky merchandise, making the property potentially attractive to retailers, wholesalers, distributors and other stock-intensive businesses.

CURRENT RENTAL PROFILE

The property currently has two tenants paying a combined R40,000 per month.

Income DetailAmount

Current Monthly RentalR40,000

Current Annual RentalR480,000

Number of Tenants2

Total Property Area1,500 m2

Storeys3

Rental figures are based on the information supplied and should be verified against the current lease agreements and supporting documentation.

IDEAL USES

The property''s scale and three-storey configuration make it suitable for a broad range of potential commercial applications, subject to zoning and municipal approvals.

Potential uses may include:

Retail:

Large-format retail, specialist retail, furniture, homeware, clothing, appliances, building supplies or other merchandise-based businesses.

Wholesale & Distribution:

The goods lift and substantial floor area can potentially accommodate stock-intensive operations, wholesale businesses and distribution-related activities.

Showroom & Trade Centre:

The property could suit businesses requiring a prominent showroom, customer-facing retail area and substantial back-of-house stock or operational space.

Commercial Mixed Use:

Depending on zoning and approvals, portions of the building may potentially be configured for complementary commercial activities.

WHY THIS PROPERTY

1. SUBSTANTIAL FLOOR AREA

With approximately 1,500 m2, the property provides considerable commercial accommodation and flexibility.

2. THREE-STOREY CONFIGURATION

Multiple levels allow the building to accommodate different business functions, tenants or departments while maximising the use of the overall footprint.

3. GOODS LIFT

A goods lift adds significant operational convenience, particularly for businesses moving merchandise and equipment between floors.

4. EXISTING INCOME

The property already has two paying tenants, generating R40,000 per month, giving an investor an established rental base.

5. POTENTIAL FOR VALUE CREATION

The current rental income provides a foundation from which a new owner may explore opportunities to improve occupancy, rental levels and overall income performance.

INVESTOR CONSIDERATIONS

Prospective purchasers should conduct their own due diligence regarding:

Existing lease agreements and expiry dates

Tenant payment history

Deposits and rental escalations

Municipal valuation and rates

Zoning and permitted uses

Building compliance and certificates

Structural condition

Electrical and other building services

Insurance requirements

Operating expenses

Maintenance obligations

VAT status and applicable taxes

Any restrictions, servitudes or encumbrances affecting the property

A RARE COMMERCIAL OPPORTUNITY

This 1,500 m2 three-storey commercial property represents an attractive opportunity for an investor looking for an income-producing asset with substantial floor area and useful operational infrastructure.

With two existing tenants generating R40,000 per month and the added benefit of a goods lift, the property offers both an existing income stream and the potential to pursue further commercial and rental optimisation.

Enquire today for the full property information, tenant details, lease documentation, financial information and to arrange a private viewing.

All property information, dimensions, rental figures, permitted uses and income projections should be independently verified by prospective purchasers. Rental income quoted above reflects the information provided and does not constitute a guarantee of future income or investment return.

The information herein is correct to the best of our knowledge as provided by various parties, however errors and omissions excepted. E & OE