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R 25 500 000 Bond Calculator | Commercial Property for Sale in Groendal

32 Stiebeuel St, Groendal, Franschhoek

7
Erf Size: 2 057 m²

Fully-let retail investment for sale in Groendal – 1,585m² with Pick n Pay anchor and residential units

This property includes a fully tenanted retail centre with residential units, located on a corner site in a well-frequented area. The retail portion comprises five tenants, including a national grocery chain, alongside other service and retail operators. A residential component includes four flats and one freestanding house.

Key Details:

• Total size: 1,585m² on a 2,057m² erf

• Retail tenants: 5 (including national grocery chain)

• Lease: Anchor tenant on 5-year term (Feb 2023 – Feb 2028) with escalation

• Features: Cold storage, deli, bakery

• Residential: 4 flats and 1 house

• Visibility: Located at a busy corner with strong foot traffic

• Net annual income: R2,241,492.42

• Asking price: R25,500,000

• Net yield: ±8.79%

• Annual expenses: R125,752.68

• Projected gross income: R2,367,245.10

A fully occupied, low-maintenance asset with a strong tenant mix and consistent income profile.


Property Overview

Listing Number
115866376
Type of Property
Commercial Property
Street Address
32 Stiebeuel St, Groendal
List Date
14 April 2025
Lease Type
Triple Net Lease
Gross Price
R 25 500 000
Net Price
R 1
Availability Date
01 June 2025
Erf Size
2 057 m²
Floor Area
1 585 m²
Levies
R 1
Special Levy
R 1
Rates and Taxes
R 7 815
Furnished
Yes
Zoning
General Business
Floor Number
1

Facilities

Bathrooms
7, Retail and residential bathrooms, Cleaning service, Communal bathrooms, Executive bathrooms, Unisex bathrooms, In unit bathrooms
Kitchens
8, Pick n Pay, Fast food and residential kitchens, Cleaning service, Coffee machine, Dishwasher, Sink
Domestic
5
Reception Rooms
1
Office To Warehouse Ratio
5 %
Height For Racking
5 m
Truck Access
Superlink
Dock Levellers
1
Height of Dock Levellers
5 m

External Features

Parking
17, 15 parking bays around the property, Double parking, On street parking, Single parking, Triple parking, Visitor parking
Secure Parking
17, Secure residential parking
Outside Areas
4, Multiple outside areas, Balcony, Courtyard

Building

Building Name
32 Stiebeuel Street, Franschhoek
Gross Lettable Area
1585 m²
Building Grading
A Grade
Multi Tenanted
Yes
Standalone Building
Yes
Number of floors
2
Height Of Roof
6 m
Height Of Eaves
5 m
Power Availability
Three Phase

Other Features

Height Restriction
5 m²
Nearby Public Transport
Bus, Minibus Taxi
Internet Access
ADSL, Fibre, Satellite
Wheelchair Accessible
Yes
Generator
Yes


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Agents

Jordan van Schalkwyk
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