NEW
Web Ref CL35032
Value-Add Retail Investment Opportunity in Springs CBD
Value-Add Retail Investment Opportunity in Springs CBD
Situated at 4 5th Street in the heart of Springs Central, this well-located retail property presents an outstanding opportunity for investors seeking a high-upside commercial asset with significant leasing potential.
The property offers a Gross Lettable Area (GLA) of approximately 1,549m² on an erf size of approximately 1,437m², providing substantial retail and commercial space within a prominent CBD location.
Currently, only approximately 500m² of the building is tenanted, creating exceptional upside potential through the letting of the vacant portions. The existing vacancy presents an ideal opportunity for investors to unlock additional rental income and enhance overall returns through active leasing and repositioning strategies.
The property’s central location benefits from strong surrounding commercial activity, accessibility, and foot traffic, making it suitable for a variety of retail, showroom, storage, or mixed commercial uses.
Key Features:
• ±1,549m² GLA
• ±1,437m² erf size
• Prime Springs CBD location
• Existing rental income in place
• Significant vacant area to be let
• Strong income upside potential
• Suitable for retail or mixed commercial use
• Excellent value-add opportunity
This property presents an attractive opportunity to acquire a strategically positioned retail asset with immediate income and substantial future growth potential.
The property will be sold by way of public auction on 1 July 2026.
Situated at 4 5th Street in the heart of Springs Central, this well-located retail property presents an outstanding opportunity for investors seeking a high-upside commercial asset with significant leasing potential.
The property offers a Gross Lettable Area (GLA) of approximately 1,549m² on an erf size of approximately 1,437m², providing substantial retail and commercial space within a prominent CBD location.
Currently, only approximately 500m² of the building is tenanted, creating exceptional upside potential through the letting of the vacant portions. The existing vacancy presents an ideal opportunity for investors to unlock additional rental income and enhance overall returns through active leasing and repositioning strategies.
The property’s central location benefits from strong surrounding commercial activity, accessibility, and foot traffic, making it suitable for a variety of retail, showroom, storage, or mixed commercial uses.
Key Features:
• ±1,549m² GLA
• ±1,437m² erf size
• Prime Springs CBD location
• Existing rental income in place
• Significant vacant area to be let
• Strong income upside potential
• Suitable for retail or mixed commercial use
• Excellent value-add opportunity
This property presents an attractive opportunity to acquire a strategically positioned retail asset with immediate income and substantial future growth potential.
The property will be sold by way of public auction on 1 July 2026.
Features
Zoning
Retail
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
1,549m²
Land Size
1,437m²
STREET MAP
STREET VIEW
