Web Ref No CL3636

Harcourts Commercial is proud to present this fully tenanted retail centre, occupying a 2 382 m² erf at the corner of Belhar Drive and Paardeberg Road in Belhar. Strategically located opposite the Belhar Police Station with direct access to Stellenbosch Arterial, the property benefits from high-volume vehicular exposure and steady local footfall.

Anchored by a 950 m² Shoprite USAVE and complemented by five additional trading tenants, a communication tower lease, and Standard Bank ATM – this centre delivers a resilient, inflation-linked income stream underpinned by long-term leases and structured step escalations. All municipal expenses (rates, taxes, electricity) are fully recovered from tenants, further bolstering the net return.

Key features include:
• Anchor tenant covenant: Shoprite USAVE on lease until July 2029
• Diversified tenant mix across 1 440 m² GLA for minimal vacancy risk
• 100% recoverable municipal charges and insurance
• Prominent street frontage with ample on-site parking
• Pro-rata rental escalations (5–10% per annum)

Size & Pricing
• Stand / GLA: 2 382 m² / 1 440 m²
• Asking Price: R 19 500 000 (Excluding VAT; may qualify for zero-rated VAT)
• Available: Accepting offers

At Harcourts-Dunn, we understand that a quality retail investment is defined by location, tenant strength, and sustainable cash flow. Our commitment to reliability, consistency, and integrity ensures every transaction is executed with the highest degree of professionalism and transparency.

For expert guidance on buying, selling, leasing, or valuing retail and commercial properties, please contact Riaan Grobbelaar for assistance.

Our Services Include:
• Selling and leasing of retail and commercial properties
• Development advisory for industrial and commercial land
• Comprehensive property valuation services
• Access to exclusive investment opportunities

Disclaimer:
Every effort has been made to ensure the accuracy of the information provided in this listing. However, the landlord, broker, and associated parties cannot be held liable for any errors, omissions, or misstatements. Tenants/buyers are encouraged to verify all details during a site visit or with formal documentation.