4,282m² Business Centre For Sale in Gonubie
R24,000,000
Web Ref
CL1850
Investment Opportunity – Gonubie Mall, East London
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.
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.
Video
Features
Zoning
Commercial
Title
Sectional
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Exterior
Security
No
Sizes
Floor Size
4,282m²
Land Size
7,271m²
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Dan Taylor
Principal Property Practitioner Registered with PPRA(FFC 0468304)
Cell 082 893 1519
Office 043 726 3116