FOR SALE – Mixed-Use Development & Income Opportunity, 43 Strand Street, De La Haye
Harcourts Commercial is pleased to present this rare freehold property on Strand Street, De La Haye, comprising a fully tenanted commercial building plus a large vacant rear erf—ideal for a JV with a developer to deliver high-density residential whilst retaining secure rental income.
Property Highlights • Anchor business: Liquor wholesaler/distributor occupying 832 m² under a long-term lease expiring 30 Sep 2029, with 7% p.a. step escalations • Development land: ±1 700 m² vacant rear erf included—level, serviced and primed for rezoning to apartments • Recoverable expenses: 100% of municipal rates (R 94 668 p.a.) & electricity consumption recoverable from tenant • Prime location: 3 420 m² stand on a busy arterial, excellent street frontage, high traffic counts and easy access to public transport
Financial Overview • Gross Income (p.a.): R 1 351 782 • Net Income (p.a.): R 1 340 898 • Net Yield: 7.5% • Rate per m²: R 6 137.44
Size & Pricing • Stand / Vacant Erf: 3 420 m² total (incl. ±1 700 m² development land) • GLA: 832 m² • Asking Price: R 17 850 000 (Excl. VAT; may qualify for zero-rated VAT) • Available: Accepting Offers
This asset offers the perfect blend of stable rental cash flow from a single, blue-chip anchor tenant alongside substantial upside through a residential development JV. Harcourts-Dunn excels at structuring partnerships that maximise both income and capital growth.
At Harcourts-Dunn, we know that the right commercial investment is defined by location, business strength, and sustainable cash flow. Our unwavering commitment to reliability, consistency, and integrity ensures that every transaction is handled with the utmost professionalism and transparency.
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...
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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.
