Commercial property for sale in Bishop Lavis

Description

This lucrative investment property has been operating as a retail center in the close-knit Bishop Lavis area for more than 20 years and is well-known to residents, which means great support from the community, SAPS, church-goers, medical personnel etc. The building comprises 3 shop spaces, totaling a rental income of R20 000 per month, currently made up of a supermarket, a church and a tyre fitment center. The supermarket commands a rental of R10 000 with a fixed lease ending in 2027, and the other 2 units are rented at R5000 each on a month-to-month basis. The cherry on top is the 596m² of well-maintained vacant land, primed for further development of retail and/or residential space. Both shop space and apartments would be a sure-fire development venture possibility promising excellent returns. Contact our professional agents now to secure your appointment... This lucrative investment property has been operating as a retail center in the close-knit Bishop Lavis area for more than 20 years and is well-known to residents, which means great support from the community, SAPS, church-goers, medical personnel etc. The building comprises 3 shop spaces, totaling a rental income of R20 000 per month, currently made up of a supermarket, a church and a tyre fitment center. The supermarket commands a rental of R10 000 with a fixed lease ending in 2027, and the other 2 units are rented at R5000 each on a month-to-month basis. The cherry on top is the 596m² of well-maintained vacant land, primed for further development of retail and/or residential space. Both shop space and apartments would be a sure-fire development venture possibility promising excellent returns. Contact our professional agents now to secure your appointment to view Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-17910692","type":"c"}));

What we know about this property

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Portal facts

Erf Size

937 m²

Description

Office

Listing Date

16 April 2026

Listing Number

112297805

Rates and Taxes

R 1 100

Type of Property

Commercial Property