14 Northumberland Street, Bellville
Locally referred to by shoppers as Northumberland Road

Positioned in Bellville's well known and established commercial shopping hub, this property offers a practical commercial layout and the benefit of a current tenant under a newly signed lease. Local shoppers often refer to the location as Northumberland Road, a familiar shopping point of reference in the area. 

The property offers approximately 650 m² of Gross Lettable Area (GLA) on a 972 m² erf. Its open-plan layout, high ceilings, concrete flooring and natural light suit a range of commercial uses. The premises are currently occupied as a retail factory outlet. Any future change of use would be subject to the current G1 - General Industrial 1 applicable zoning and approvals. 

Lease and municipal charges 

The property is let under a two-year lease with a renewal option and contractual annual escalation. Under the lease, the tenant is responsible for 100% of its proportionate share of assessment rates and other municipal taxes. Utility charges are based on COCT Municipal accounts.  

At the advertised price of R10 million, the indicative gross rental yield is 9.36%. A gross yield of approximately 9.85% may be achievable, depending on the offer accepted and the final purchase price and terms. If municipal charges are recovered in full under the lease, the municipal-adjusted yield remains the same. These are indicative yields, not guaranteed returns, and exclude other ownership costs. 

The Rental Contract expressly allows the landlord to sell the property during the lease. It states that a sale does not change the lease terms or entitle the tenant to terminate the lease or claim damages. The clause also provides for the lease assignment to the purchaser to be recorded by operation of law or simpler put, If the property is sold, the lease continues with the new owner. 

Property features  

• Approximately 650 m² GLA on a 972 m² erf
• Open-plan interior with high ceilings and concrete flooring 
• Natural light through windows and roof skylights, with fluorescent lighting 
• Reception and retail entrance with glass frontage 
• Kitchen and 2.5 bathrooms 
• Roller shutter door 
• Ample off-street parking  
• Direct street access in a cul-de-sac 
• Established Bellville commercial location 

This tenanted property offers investors an existing lease structure, defined municipal-charge recoveries and flexibility for future use. Lease particulars and financial details can be reviewed as part of the
purchaser's due diligence.