R 22 000 000 | business centre property for sale in gonubie

Investment Opportunity – Gonubie Mall, East London Property Type: Retail & Mixed-Use Centre Zoning: Business Zone 1 GLA: ±4,282 m² (Retail: 2,825 m² | Storage: 1,457 m²) Overview Gonubie Mall offers a rare opportunity to acquire a well-positioned, income-generating retail and storage centre in one of East London’s fastest-growing nodes. Situated on busy Main Road, the property enjoys excellent visibility, dual access from Main Road and Crane Street, and ample on-site parking. The centre comprises 22 sectional title units (currently operated as a cohesive investment property), accommodating a mix of local and regional retail tenants alongside 79 storage units. The buildings are in an above-average condition, having recently undergone exterior cleaning and repainting and are supported by well-maintained paved parking and landscaped areas. Key Features: High-exposure position on Main Road, Gonubie’s key commercial artery. Excellent on-site parking with easy access and egress. Strong tenant mix with low vacancy levels and stable rental income. Attractive investment yields, with current market-related rentals (Retail ±R94/m²; Storage ±R32/m²). Well-maintained buildings with quality finishes and solid construction. Further development potential within zoning allowances. Sectional title scheme structure offers flexibility – ideal for investors seeking long-term income or sectional title resale opportunities. Investment Highlights Gross Annual Income: ±R3.59 million Net Annual Income: ±R2.52 million Capitalization Rate: 10.5% Location Advantage Located in Gonubie, a vibrant and expanding suburb within the Buffalo City Metropolitan Municipality, the centre benefits from steady population growth and increasing commercial activity. The area’s appeal as a lifestyle and retail destination supports continued demand for quality retail space. Summary Gonubie Mall presents an outstanding investment opportunity – a well-located, income-generating retail centre in a growth node, with excellent visibility, strong tenant retention, and future development flexibility. Whether held as a single investment asset or redeveloped/sold off as sectional title units, this property offers secure, sustainable returns in a dynamic regional market.