Western Cape

32 Stiebeuel Street, Groendal, Franschhoek, 32 Stiebeuel Street, Franschhoek - Retail Space For Sale in Franschhoek

32 Stiebeuel Street, Franschhoek - 32 Stiebeuel Street, Groendal, Franschhoek property image 1

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Listing Details

R 25 499 480

Asking price

Rate	R16088 / m²
Size	1585 m²
Address	32 Stiebeuel St, Le Roux, Franschhoek, 7690, South Africa
Area	Franschhoek

This 1,585m² retail centre in Groendal, Franschhoek is fully occupied with a strong tenant mix—including Pick n Pay, fast food, cellular, furniture, and funeral services—plus four flats and a freestanding house on site. The property sits on a 2,057m² erf with great visibility and consistent foot traffic from Le Roux Road and Stiebeuel Street. Pick n Pay anchors the centre on...

This 1,585m² retail centre in Groendal, Franschhoek is fully occupied with a strong tenant mix—including Pick n Pay, fast food, cellular, furniture, and funeral services—plus four flats and a freestanding house on site.

The property sits on a 2,057m² erf with great visibility and consistent foot traffic from Le Roux Road and Stiebeuel Street.

Pick n Pay anchors the centre on a 5-year lease (Feb 2023–Feb 2028), now transitioning from QualiSave, with CPI-linked escalations. The setup includes cold storage, a deli, and bakery section. On top of that, one long-standing tenant has been trading here for over 15 years and personally owns three of the rental businesses—bringing serious stability to the mix.

Solid income, low maintenance, and a clean lease profile make this one an easy fit for any investor looking at retail in the winelands.

Property highlights:

1,585m² GLA on 2,057m² erf
Fully let, five retail tenants
Pick n Pay lease in place
Freezer, bakery, deli sections
4 flats + 1 house onsite
Visibility from two main roads

Rental & Investment Overview:

Net Annual Income: R2,241,492.42
Asking Price: R25,500,000
Net Yield: ±8.79%
Annual Expenses: R125,752.68
Projected Gross Income: R2,367,245.10

Why this one works:

Long-standing tenant stability
One operator, three businesses
National anchor: Pick n Pay
Mixed-use: retail + residential
CPI-linked lease escalations
Excellent corner site exposure

Get in touch to request the full investment pack or to set up a private viewing. It’s rare to find a fully-let, mixed-use asset like this with a stable, diversified tenant base in Franschhoek.

Feature	Details
Internet
Security
Wheelchair Friendly
Backup Generator
Standalone
Natural Ventilation
Balcony

32 Stiebeuel Street, Franschhoek 32 Stiebeuel St, Le Roux, Franschhoek, 7690, South Africa Franschhoek

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Building Description

1,585m² mixed-use building for sale in Paarl Central. Anchored by Pick n Pay Quali Save with retail, residential, and fast-food tenants. Prime location.

This 1,585m² gross lettable area mixed-use building in central Paarl offers a versatile investment opportunity with secure, long-term tenant appeal. Positioned on a 2,057m² erf, the property comprises ground-floor retail units, a national anchor tenant, and upper-level residential accommodation.

Current tenants include a well-established Pick n Pay Quali Save, a fried chicken fast-food outlet, a cellphone and electronics shop, a furniture retailer, four residential flats, and a freestanding residential house. The building spans both sides of a prominent corner and enjoys excellent visibility, foot traffic, and vehicular access.

Key Features and Benefits:

Gross Lettable Area: 1,585m² | ERF Size: 2,057m²
Anchored by national tenant Pick n Pay Quali Save
Multiple income streams from retail and residential units
Street-front exposure on a busy commercial corridor
Ample customer parking with gated delivery access
Strong rental demand in the area ensures ongoing yield stability
Ideal for portfolio diversification or long-term capital growth

Willie Strydom

Leasing specialist

Willie Strydom is your broker for Franschhoek. Get in touch to arrange a viewing or discuss lease terms.

M: 0792396920

O: 087 234 8000

E:

Profile: View my profile

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