10 Kruskal, Bellville Central - Mixed-Use Investment Property

10 Kruskal, Bellville Central – Mixed-Use Investment Property GLA: 714 m² Price: ZAR 24,500,000 Gross Annual Income: ZAR 2,067,252 Expenses: ZAR -37,836 Yield: ±9% Capital Rate per m²: ±ZAR 16,822 WALE: ±3.5 years Tenants: 4 fully let retail tenants Property Overview: This prime freehold mixed-use property is strategically located along the high-traffic pedestrian corridor of Kruskal Avenue in Bellville Central. The building offers four fully let retail units on the ground floor, providing immediate and secure rental income, while the upper floors present significant potential for redevelopment or repositioning. Location & History: Bellville Central is a well-established commercial hub within the Northern Suburbs, with strong daily pedestrian traffic and excellent access to major transport routes including the N1 and Tyger Valley. Kruskal Avenue is a historically vibrant retail and business corridor, ensuring long-term tenant demand and visibility. Investment Highlights: ·Prime mixed-use asset with four fully let retail tenants ·Immediate cash flow with stable, reliable tenants ·Redevelopment potential for upper floors, increasing future returns ·Strategic location in a high-traffic, high-visibility area ·Secure, low-maintenance freehold property Contact me today to arrange a viewing and discuss this investment opportunity.