Office Space Negatu Building, Bellville Central

Investment Property with Redevelopment Potential Available in Bellville CBD

This expansive property offers a unique blend of commercial, industrial and retail opportunities. Situated on a generous ERF of approximately 7000m², it features a freestanding commercial office building and three separate warehouses, all within the versatile Gi1 (General Industrial 1) zoning. Whether you’re an investor, developer, or business owner, this property presents a wealth of possibilities.

Key Features:

• Freestanding Commercial Office Building:
  • The existing office building provides a ground floor and three administrative floors. There are ample open parking available at the back of the building as well as a covered parking area for two to three cars with a lockup gate.
  • All floors have communal male and female bathrooms as well as a communal kitchenette.
  • The building is equipped with an elevator that services all floors.
  • With its strategic location in Bellville CBD, it’s easily accessible to clients, employees, and stakeholders. Near the taxi rank, train station and bus routes.
  • Consider reimagining this space as student accommodation, tapping into the growing demand from nearby universities.

• Strategic Location:

  • Conveniently situated near public transport hubs, including bus routes and train stations.
  • Proximity to universities ensures a steady flow of potential tenants or buyers.
  • Access to major roads like the N1 Freeway facilitates efficient transportation of goods and services.

• Tenant-Friendly Terms:

  • The property includes existing tenants with lease agreements in place which all has an escape clause, allowing flexibility for lease agreements.
  • A six-month notice period provides security for both landlord and tenants.

• Redevelopment Potential:

  • Unlock the full potential of this property by exploring redevelopment options:
    • Mixed-Use Development: Combine commercial, residential, and recreational spaces.
    • Student Accommodation: Capitalize on the demand from nearby educational institutions.
    • Adaptive Reuse: Transform the existing structures into creative workspaces or community hubs.

• Pricing and Negotiability:

  • Priced at R20.5 million (excluding VAT), the property offers excellent value.
  • Negotiable terms allow for a mutually beneficial transaction.
• The entire ERF is also for sale which includes 3 warehouses to a total of approximately 7000m² at R75 million excluding VAT.

Don’t miss out on this exciting investment opportunity! Contact us today to arrange a viewing and explore the possibilities that await in Bellville CBD.