This property represents a rare "double-play" investment: a high-yielding, income-generating asset with massive untapped redevelopment potential. Situated in the absolute core of Pinetown’s retail hub, the building is strategically positioned in very close proximity to the Pinetown Taxi Rank, ensuring a constant stream of commuter foot traffic that makes it virtually recession-proof for retail and service-based tenants.

Immediate High-Yield Returns

At an acquisition price of R28 million, the property is a powerhouse performer. With a current net annual income of R3.728 million, it delivers an exceptional 13.32% yield. This robust cash flow is underpinned by its prime location in a high-density transit node where retail demand consistently outstrips supply. For an investor, this provides immediate, strong returns from day one, secured by the massive pedestrian volumes unique to the Hill Street precinct.

Significant Redevelopment "Bulk"

What elevates this property beyond a standard income investment is its significant future value. While the current Gross Lettable Area (GLA) is approximately 1,800m2, the site’s zoning allows for a total building mass (bulk) in excess of 8,000m2. This means the property is currently "under-developed," utilizing less than a quarter of its allowable GLA. This additional bulk offers a lucrative opportunity for vertical expansion or a complete high-density redevelopment—potentially incorporating a mix of ground-floor retail and several storeys of commercial or residential units.

In a precinct characterized by urban revitalization and Transit-Oriented Development (TOD), it's is not just a building; it is a strategic land bank. The combination of a 13.32% immediate yield and the rights to develop over 8,000 m2 of prime floor area makes it one of the most compelling opportunities in the Pinetown CBD.

1 retails for sale in Pinetown Central, Pinetown

R 28,000,000

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