Fully Tenanted Retail Centre FOR SALE | Durban Road | 9% Net Yield

This retail centre for sale in Bellville Central presents a rare opportunity to acquire a fully tenanted, income-generating commercial asset in one of the Northern Suburbs' most established and high-traffic retail corridors. Strategically positioned at the prominent intersection of Durban Road and Frans Conradie Drive in Oakdale, Bellville, the property enjoys exceptional visibility, strong passing trade, and direct connectivity to the N1 highway and key arterial routes.


Key Features:
• 2,093m² fully tenanted retail centre
• Prime corner position: Durban Road & Frans Conradie Drive intersection
• 8 established retail units with stable tenant mix
• Net yield: 9% per annum
• Weighted Average Lease Expiry (WALE): ~2 years
• Asking price: R32,000,000 (excl VAT)
• Price per m²: R15,289
• Oakdale, Bellville Central location
• High-visibility retail frontage on major arterial route
• Excellent access to N1, Tyger Valley, and Bellville CBD
• Dense residential catchment area
• Strong public transport links and foot traffic
• Low historical vacancy - proven tenant retention
• Turnkey investment with immediate income stream
• Rental escalation and repositioning upside potential


Durban Road serves as a major commercial spine linking Bellville CBD, Tyger Valley Shopping Centre, and the N1 highway, ensuring consistent vehicle flow and exceptional consumer visibility. The surrounding Oakdale node benefits from dense residential catchments, well-established business activity, and robust public transport infrastructure including taxi routes and bus services. This combination supports sustained retail demand and creates one of Bellville's most resilient trading environments. Oakdale remains one of the Northern Suburbs' most dependable retail nodes, characterised by long-standing commercial activity, steady tenant retention, and minimal vacancy risk. This property offers investors a rare turnkey retail acquisition with proven cash flow performance, manageable operational complexity, and upside potential through future rental escalations and strategic asset management. With a 9% net yield and strong location fundamentals, this represents a secure entry point into Bellville's busiest commercial corridor. Contact Linda at Greeff Commercial to arrange a confidential viewing or request detailed financials.