Ground Floor Retail & Office Space , Gillitts Shopping Centre - Retail Space For Sale in Hillcrest
Listing Details
| Rate | R12000 / m² |
|---|---|
| Size | 2500 m² |
| Address | Gillitts Shopping Centre, 1 Clifton Rd, Gillitts, Durban, 3610, South Africa |
| Area | Hillcrest |
High-Yield Retail & Commercial Investment in Gillitts This 2,500m² sectional title retail and office centre in Gillitts offers an exceptional investment opportunity, generating an annual gross income of R3.1 million. Strategically located just off the M13 Highway, this property boasts full tenancy, development potential, and strong national interest. Investment...
High-Yield Retail & Commercial Investment in Gillitts
This 2,500m² sectional title retail and office centre in Gillitts offers an exceptional investment opportunity, generating an annual gross income of R3.1 million. Strategically located just off the M13 Highway, this property boasts full tenancy, development potential, and strong national interest.
Investment Highlights:
High-Yield Opportunity – Achieving a 10.8% net yield with stable tenancy
Fully Tenanted Retail & Office Spaces – Includes popular local restaurants, offices & retail outlets
Prime Location – Situated in Gillitts, Durban, near the M13 Western Suburbs corridor
Expansion Potential – Additional 2,000m² bulk available for future development
Real Rights Included – Potential for drive-thru or large retail market development
Open-Air Courtyard – Features a covered seating area & ample parking
Development Potential & Growth Prospects
Vacant Land Included – Adjacent Real Right portion offers flexibility for future development
National Chain Interest – Ongoing inquiries from well-known brands
Mixed-Use Appeal – Ground floor retail & office spaces with sectional title apartments above
Ideal for Investors Looking For:
Retail & Commercial Property Expansion
High-Yield Passive Income Assets
Development Opportunities in a Growing Area
Serious investors can request financials & further details. Contact us today to explore this outstanding investment!
| Feature | Details |
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| Internet |
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| Security |
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| Standalone |
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| Natural Ventilation |
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Building Description
High Visibility & Easy Access: Retail Space Awaits at Bustling Gillitts Shopping Centre!
Launch your retail dream or expand your business presence in this prime location at Gillitts Shopping Centre! Strategically situated on Clifton Road in the heart of Gillitts (near Old Main Road), this vibrant shopping centre offers a winning combination of high visibility, convenient access for customers, and a supportive retail environment.
A Hub for Retail Success:
- Prime Location on Clifton Road, Gillitts (near Old Main Road, off King Cetshwayo Highway): Benefit from excellent customer traffic and effortless accessibility with close proximity to King Cetshwayo Highway (M13) and all major transport routes.
- Ample Parking: Welcome your customers with ease with a generous allocation of parking bays available on-site, eliminating the hassle of street parking.
- High Visibility: Showcase your brand and attract customers with a storefront boasting excellent visibility within the shopping centre.
- Secure Environment: Operate with peace of mind knowing your business is protected by the centre's robust security measures.
Ideal for Businesses Seeking to:
- Maximize Customer Exposure: Secure a high-traffic location that attracts a steady flow of potential customers.
- Prioritize Convenience: Welcome shoppers with effortless access and ample parking facilities.
- Benefit from a Thriving Retail Hub: Join a supportive community of established retailers and capitalize on the centre's existing customer base.
This versatile retail space caters perfectly to a range of ventures seeking a central location, high visibility, and a convenient shopping experience for customers, including:
- Fashion Boutiques: Showcase your clothing and accessories in a stylish and inviting space within a well-established shopping centre.
- Coffee Shops & Cafes: Brew up success in a high-traffic location with convenient on-site parking for customers.
- Homeware Stores: Attract customers seeking to furnish and decorate their homes with easy access from major roads.
- Specialty Stores: Establish a loyal customer base with a unique product offering in a central location with ample parking.
- Service Providers: Welcome clients in a professional and convenient setting, ideally suited for beauty salons, hairdressers, or tailors.
Jason Lahner
Leasing specialist
Jason Lahner is your broker for Hillcrest. Get in touch to arrange a viewing or discuss lease terms.
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