Prime Retail and Office Investment Property in Rustenburg
This prominent commercial property in Rustenburg presents an attractive opportunity to acquire a substantial income-producing retail and office asset in an established commercial environment.
The property offers a total Gross Lettable Area (GLA) of approximately 8 570 m², comprising a dominant retail component together with supporting office accommodation. The property currently generates a strong Net Operating Income (NOI) of R14 900 000 per annum, providing investors with an established income stream.
Property Overview
• Sale Price: R152 000 000
• Total GLA: 8 570 m²
• Retail GLA: 7 128 m²
• Retail Occupancy: 95%
• Office GLA: 1 442 m²
• Office Occupancy: 72%
• Net Operating Income: R14 900 000 per annum
Established Retail Component
The retail component comprises approximately 7 128 m², representing the majority of the property's lettable area. With an impressive 95% occupancy rate, the retail portion provides a strong and established rental income base.
The property benefits from a well-established tenant profile, with a combination of major retail, convenience and professional occupiers contributing to the overall commercial offering.
The high level of retail occupancy demonstrates the property's established income-generating capacity while providing a solid foundation for long-term investment.
Long-Term Anchor Lease
The property benefits from a significant long-term anchor tenancy, with the primary retail occupier secured under a 10-year lease effective from 1 December 2023.
The presence of a long-term anchor lease provides additional income visibility and contributes to the stability of the property's rental profile.
Further established retail and professional tenants add diversity to the tenant mix and support the property's ongoing commercial activity.
Office Component
The property includes approximately 1 442 m² of office accommodation, currently operating at 72% occupancy.
The office component provides an additional income stream alongside the retail space and also offers potential for further occupancy improvement through the leasing of currently available space.
This combination of retail and office accommodation provides a diversified commercial property profile rather than relying solely on a single property use.
Key Investment Features
• R14.9 million annual NOI
• Substantial 8 570 m² GLA
• 95% occupancy across the retail component
• Established and diversified tenant profile
• Long-term anchor lease
• Significant retail component
• Complementary office accommodation
• Additional potential through office vacancies
• Established commercial location in Rustenburg
• Strong existing income base
Investment Opportunity
The property offers investors a substantial commercial asset with strong existing rental income, high retail occupancy and established long-term tenancy arrangements.
The combination of a large retail component, supporting office accommodation and a diversified tenant profile creates a well-rounded investment opportunity.
The existing office vacancy also provides scope for further leasing and potential income optimisation.
A substantial retail and office investment offering established income, long-term tenancy and further potential for rental growth and occupancy optimisation.
Property Features
Key Features
Erf Size8 502 m²
Floor Size8 570 m²
Pets AllowedNo