Fully-Let Retail Investment Opportunity in Groendal, Franschhoek: 1,585m² with Pick n Pay Anchor and Residential Units
For Sale
Fully-Let Retail Investment Opportunity in Groendal, Franschhoek: 1,585m² with Pick n Pay Anchor and Residential Units
13 Le Roux Rd, Le Roux, Franschhoek, 7690, South AfricaOverview
Property ID: 19311
- Apartment, Single Family Home, Retail, Commercial
- 1585
Description
Fully-Let Retail Investment Opportunity in Groendal, Franschhoek: 1,585m² with Pick n Pay Anchor and Residential Units
Unlock a rare chance to acquire a fully-let retail investment property in Groendal, Franschhoek, a prime commercial asset delivering stable returns and long-term growth potential. Spanning 1,585m² on a 2,057m² erf, this meticulously maintained property combines a vibrant retail centre with a residential component, anchored by a national grocery chain, Pick n Pay. With a net yield of 8.79% and a net annual income of R2,241,492.42, this commercial real estate investment in Franschhoek offers investors a low-risk, high-reward opportunity in one of South Africa’s most sought-after regions.
A Strategic Retail Investment in Franschhoek
Located on a high-visibility corner site in Groendal, this property benefits from strong foot traffic and excellent accessibility, making it a cornerstone of the local community. The retail centre is fully occupied by five tenants, ensuring a diversified income stream and minimizing vacancy risk. The anchor tenant, Pick n Pay, is secured on a 5-year lease (February 2023 – February 2028) with annual escalations, providing predictable cash flow for investors seeking stable retail investments in South Africa. Alongside Pick n Pay, the tenant mix includes complementary service and retail operators, enhancing the centre’s appeal to shoppers and ensuring consistent patronage.
The retail component is designed for operational efficiency, featuring modern amenities such as cold storage, a deli, and a bakery, which cater to diverse consumer needs and strengthen tenant retention. With a projected gross income of R2,367,245.10 and annual expenses of just R125,752.68, this property delivers exceptional returns while keeping operational costs low. For investors targeting fully-tenanted commercial properties in Franschhoek, this asset offers a turnkey solution with minimal management demands.
Residential Component for Added Value
Beyond its retail strength, the property includes a residential component comprising four flats and one freestanding house, adding a unique diversification layer to the investment. These residential units provide supplementary income, appealing to investors looking for mixed-use properties for sale in South Africa. The combination of retail and residential income streams enhances the property’s resilience against market fluctuations, making it a standout choice for those seeking low-maintenance CRE investments in Franschhoek.
Key Investment Metrics
This fully-let retail centre for sale in Groendal is priced at R25,500,000, offering a compelling net yield of ±8.79%. Key financial and property details include:
- Total GLA: 1,585m² on a 2,057m² erf.
- Retail Tenants: 5, including Pick n Pay as the anchor.
- Lease Structure: Pick n Pay on a 5-year term (Feb 2023 – Feb 2028) with escalation clauses.
- Residential Units: 4 flats and 1 freestanding house.
- Net Annual Income: R2,241,492.42.
- Projected Gross Income: R2,367,245.10.
- Annual Expenses: R125,752.68.
- Features: Cold storage, deli, bakery, and high-visibility corner location.
These metrics position the property as a high-yield commercial investment in Franschhoek, ideal for investors prioritizing cash flow and capital stability.
Why Invest in Groendal, Franschhoek?
Franschhoek is renowned for its affluent community, booming tourism, and growing commercial appeal, making it a hotspot for retail real estate investments in the Western Cape. Groendal’s strategic location ensures steady demand from both locals and visitors, driven by its proximity to key amenities and transport routes. The property’s busy corner position maximizes exposure, benefiting tenants and reinforcing its status as a prime retail asset for sale in Groendal. With Franschhoek’s CRE market showing resilience despite economic challenges, this investment offers both immediate returns and long-term capital appreciation.
A Low-Risk, High-Return Opportunity
This fully occupied retail centre in Franschhoek is a low-maintenance asset with a strong tenant mix and a proven income profile. The combination of a national anchor tenant, diversified retail operators, and residential units creates a robust investment that mitigates risk while delivering consistent returns. For investors seeking high-yield retail properties in South Africa, this property ticks all the boxes: location, stability, and scalability.
Act Now to Secure This Asset
Priced at R25,500,000, this fully-let retail investment in Groendal, Franschhoek, is a rare find in today’s competitive market. Contact our team today to request a detailed investment memorandum or schedule a viewing of this prime commercial property for sale in Franschhoek. Don’t miss your chance to own a high-performing asset in one of South Africa’s most desirable destinations.
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Address
Open on Google Maps- Address 13 Le Roux Rd, Le Roux, Franschhoek, 7690, South Africa
- City Franschhoek
- State/county Western Cape
- Zip/Postal Code 7690
- Area Le Roux
- Country South Africa
Details
Updated on April 15, 2025 at 4:24 pm- Property ID: 19311
- Price: R25,000,000
- Property Size: 1585 m²
- Land Area: 2057 m²
- Property Type: Apartment, Single Family Home, Retail, Commercial
- Property Status: For Sale
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