R 4 000 000 | retail property for sale in east london central

A rare opportunity to acquire a substantial approximately 1,100 m² commercial property in the heart of East London CBD, offering excellent potential to significantly increase rental income and unlock additional value through redevelopment. The property currently comprises retail space on the ground floor, with the first floor offering excellent potential for conversion into accommodation. The existing leases are all on a month-to-month basis, providing a prospective purchaser with the flexibility to restructure the tenancy profile and reposition the property to achieve substantially improved returns. The current GLA of approximately 1,100 m² also presents an exciting opportunity to subdivide the existing retail space into smaller, more affordable shops, potentially attracting a broader range of tenants and increasing the overall rental per square metre. An additional and potentially lucrative option is to convert the first floor into student accommodation. The property is well positioned in relation to Walter Sisulu University and the University of Fort Hare, making it ideally suited to cater for the strong demand for centrally located student housing. Key Investment Highlights Approximately 1,100 m² GLA Retail accommodation on the ground floor First floor suitable for conversion to accommodation Existing leases on a month-to-month basis Opportunity to restructure the tenant mix Potential to subdivide retail space into smaller shops Scope to substantially increase rental income Potential student accommodation conversion Excellent proximity to Walter Sisulu University and Fort Hare University Strong CBD location with multiple potential uses Ideal value-add opportunity for investors and developers This property offers an attractive combination of existing rental income and significant value-add potential. With the right refurbishment, subdivision and tenant strategy, or conversion of the upper floor to student accommodation, there is considerable scope to increase both the property's rental income and long-term capital value. An ideal acquisition for an investor looking for a well-located East London CBD property with multiple avenues to unlock substantial additional returns.