Commercial for sale at 45 York Street & 1 Jan Smuts Street
Tap into George’s vibrant central business lifestyle with a prime corner 4,163m² property featuring pre-approved rezoning — exceptional exposure, accessibility and strong redevelopment potential.
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A rare opportunity to secure a substantial commercial property in one of George's most prominent and centrally located business precincts. Offering exceptional visibility, multiple income streams, and development potential, this is an investment that combines immediate returns with exciting future possibilities.
Positioned on a prime corner in the heart of George, this exceptional commercial offering comprises two pre-approved consolidated and rezoned erven, creating a sizeable 4,163m2 property with outstanding development prospects.
The proposed development has received in-principle pre-approval, subject to conditions for Erf 2059 (1,323m2) to be consolidated and rezoned to Business Zone 1 with Erf 2058 (2,840m2). This provides a strong foundation for future commercial expansion while the property continues to generate a healthy rental income.
The property at 45 York Street is home to a diverse mix of established tenants, including a restaurant, bookshop, accounting firm, flat, and covered parking bays that are currently leased. At 1 Jan Smuts Street, the existing house and flat are occupied by residential tenants, adding further stability to the property's income-producing portfolio.
With approved zoning and consolidation already in place, the groundwork has been laid for the property's next phase of development. Whether your vision is to expand the existing commercial footprint, redevelop the property, or continue benefiting from its current rental income while planning for the future, the possibilities are significant.
Properties of this size, location, and zoning are seldom available in George's thriving commercial market. Its strategic position offers excellent accessibility, high exposure, and long-term investment appeal in one of the Garden Route's fastest-growing business hubs.
A summary of the current rental income, lease agreements, pre-approval and additional investment information is available to qualified purchasers upon request.
Listed for sale at R18,200,000
Dormehls Drift is a tranquil, centrally located residential suburb in George that offers residents a peaceful lifestyle with convenient access to the town's primary amenities and natural beauty.
