Commercial for sale at 45 York Street
Prime central George address on York Street offers steady rental income and redevelopment upside, established tenant mix including restaurant and bookshop, plus covered parking and strong commercial exposure.
Dual Mandate | Price Excludes VAT
A prominent commercial address in the heart of George, this substantial 2,840m2 erf offers an established rental portfolio and exciting potential for future development in one of the town’s central business precincts.
Situated at 45 York Street, the property accommodates a diverse mix of established tenants, including a restaurant, bookshop and accounting firm, as well as a flat and covered parking bays that are currently leased.
The erf forms part of a proposed consolidation and rezoning with the adjoining 1,323m2 Erf 2059 in Jan Smuts Street. In-principle pre-approval has been received, subject to conditions, for the consolidated 4,163m2 property to be rezoned to Business Zone 1, providing an exciting prospect for future commercial expansion or redevelopment.
(please enquire for more info on the combined price structure and plans that includes the adjoining ERF as mentioned above)
With its central location, excellent exposure and existing tenancies, this property presents an opportunity to secure a commercial investment with current rental income and longer-term development possibilities.
Further information, including the rental income and details of the proposed consolidation and rezoning, is available to qualified purchasers upon request.
Listed for sale at R13,500,000
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.
