NEW
Web Ref CL35048
ON AUCTION - 20th AUGUST 2026 - Fully Let Retail Investment with Blue-Chip Tenant
Fully Let Retail Investment | Blue-Chip Tenant
Strategically positioned on the prominent Main Road in Ontdekkers, this well-located freestanding retail investment presents an exceptional opportunity to acquire a secure, income-producing commercial property underpinned by a long-standing blue-chip tenant.
The property comprises a 1,485m² erf with an approximate Gross Lettable Area (GLA) of 550m² and is 100% occupied by MIDAS, one of South Africa's most recognised automotive retail brands. The tenant has occupied the premises for many years and remains committed under a lease expiring 31 January 2028, with a further renewal option available.
The property currently generates a Gross Monthly Income of R38,139, equating to a Gross Annual Income of R457,668. The lease is structured on a double net basis, with the tenant responsible for virtually all operating expenses and utilities, providing investors with a predictable income stream and minimal landlord obligations.
A key feature of this investment is the inclusion of a freestanding parking lot accommodating approximately 30 vehicles, providing excellent convenience for customers and staff while enhancing the long-term functionality and value of the property.
The property enjoys outstanding exposure along one of the area's busiest arterial routes, benefiting from high passing traffic volumes, excellent visibility and easy accessibility.
With secure cash flow from a proven national tenant, minimal landlord responsibilities, a long-term lease and the added benefit of substantial dedicated parking, this property represents an outstanding investment opportunity for purchasers seeking a stable, defensive commercial asset with immediate income from date of transfer.
Investment Highlights
Freestanding commercial investment
Erf Size: 1,485m²
Gross Lettable Area (GLA): 550m²
100% occupied
Long-standing blue-chip tenant – MIDAS
Lease expires 31 January 2028
Renewal option included
Gross Monthly Income: R38,139
Gross Annual Income: R457,668
Double net lease with tenant responsible for virtually all operating costs and utilities
Includes a freestanding parking lot accommodating approximately 30 vehicles
Excellent exposure along Main Road
High-visibility location with strong passing traffic
Immediate income-producing investment
Strategically positioned on the prominent Main Road in Ontdekkers, this well-located freestanding retail investment presents an exceptional opportunity to acquire a secure, income-producing commercial property underpinned by a long-standing blue-chip tenant.
The property comprises a 1,485m² erf with an approximate Gross Lettable Area (GLA) of 550m² and is 100% occupied by MIDAS, one of South Africa's most recognised automotive retail brands. The tenant has occupied the premises for many years and remains committed under a lease expiring 31 January 2028, with a further renewal option available.
The property currently generates a Gross Monthly Income of R38,139, equating to a Gross Annual Income of R457,668. The lease is structured on a double net basis, with the tenant responsible for virtually all operating expenses and utilities, providing investors with a predictable income stream and minimal landlord obligations.
A key feature of this investment is the inclusion of a freestanding parking lot accommodating approximately 30 vehicles, providing excellent convenience for customers and staff while enhancing the long-term functionality and value of the property.
The property enjoys outstanding exposure along one of the area's busiest arterial routes, benefiting from high passing traffic volumes, excellent visibility and easy accessibility.
With secure cash flow from a proven national tenant, minimal landlord responsibilities, a long-term lease and the added benefit of substantial dedicated parking, this property represents an outstanding investment opportunity for purchasers seeking a stable, defensive commercial asset with immediate income from date of transfer.
Investment Highlights
Freestanding commercial investment
Erf Size: 1,485m²
Gross Lettable Area (GLA): 550m²
100% occupied
Long-standing blue-chip tenant – MIDAS
Lease expires 31 January 2028
Renewal option included
Gross Monthly Income: R38,139
Gross Annual Income: R457,668
Double net lease with tenant responsible for virtually all operating costs and utilities
Includes a freestanding parking lot accommodating approximately 30 vehicles
Excellent exposure along Main Road
High-visibility location with strong passing traffic
Immediate income-producing investment
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Parking Bays
Open Parkings
30
Sizes
Floor Size
550m²
Land Size
1,485m²
