FOR SALE – Mixed-Use Centre, 10 Kruskal Street, Bellville Central
Harcourts Commercial is pleased to present this fully leased mixed-use building, occupying a 714 m² stand on Kruskal Street in the heart of Bellville Central. Strategically positioned just off Voortrekker Road, the asset benefits from excellent pedestrian footfall and convenient access to major transport links including Voortrekker Road and the Bellville Metrorail station.
This centre combines street-front commercial tenancies with two levels of residential apartments above, offering a unique blend of retail and residential income: • Ground-floor commercial GLA: 507 m² let to o A fast-food outlet (92 m², lease to Jun 2026) o A finance broker (137 m², lease to May 2028) o An amusement centre & barber (278 m², lease to Jan 2029) • Upper-floor residential GLA: 890 m² of apartments, fully let under long-term leases • 100% recoverable expenses: All municipal rates, electricity and insurance charges billed back to tenants • Secure parking: Enclosed rear yard providing exclusive tenant parking and loading access • Structured rental growth: Step escalations of 5–10% per annum across all leases
Financial Overview • Net Income (p.a.): R 2 109 904 • Net Yield: 8.6% • Rate per m²: R 17 644.95
Size & Pricing • Stand / Total GLA: 714 m² / 1 397 m² • Asking Price: R 24 650 000 (Excluding VAT; may qualify for zero-rated VAT) • Available: Immediate
At Harcourts-Dunn, we specialise in structuring mixed-use transactions that maximise both income stability and value-add potential. This property represents a rare opportunity to acquire secure, inflation-linked cash flow from multiple tenants while benefiting from residential upside in a thriving CBD location.
For expert guidance on buying, selling, leasing, or valuing retail and commercial properties, please contact Riaan Grobbelaar for assistance. Our Services Include: • Selling and leasing of retail and commercial properties • Development advisory for industrial and commercial land • Comprehensive property valuation services • Access to exclusive investment opportunities
About Bellville
About 25 kilometres east of Cape Town's centre, toward Stellenbosch in the Tygerberg highlands, sits Bellville, which is part of the Cape Peninsula urban region. The city offers breath-taking views of the Stellenbosch Mountains, Kogelberg Range, and Winelands.
Not only is Bellville a sought-after residential area, industrial and commercial property is also in high demand. The industrial and...
More Info
Sign-up and receive Property Email Alerts of Retails for sale in Bellville Central, Bellville.
Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts Dunn website is accurate and up to date, Harcourts Dunn makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
