Prime Arterial Commercial Redevelopment Opportunity - Beyers Naudé Drive, Cresta
An exceptional full-title commercial property positioned on a prominent corner site along Beyers Naudé Drive, directly opposite Cresta Shopping Centre and surrounded by major institutional and commercial developments.
The property offers a rare combination of high visibility, strong arterial exposure, stable income generation and approved development rights - making it ideally suited for income investors, developers and value-add operators seeking exposure to a rapidly evolving mixed-use node.
The site comprises an erf of approximately 1784m2 with existing improvements of approximately 2256m2 GLA, currently fully tenanted and generates interim income of ±R1.6 Million per annum in rental.
Fully approved development plans permit an 8-storey mixed-use development comprising of 36 upmarket apartments (Averaging 85m2), 815m2 of ground-floor retail, 855m2 of first-floor office space, rooftop entertainment and pool amenities and 86 parking bays across basement and podium levels. The approved design features contemporary architecture with glazing dynamics, staggered floor plates and premium finishes, positioning it as a landmark development for the area.
The surrounding precinct has undergone significant transformation, anchored by Cresta Shopping Centre, national operators including self-storage facilities, modern commercial developments and a recently completed private hospital investment exceeding R180 million, reinforcing the long-term growth trajectory of the area. Vacancy levels in the immediate node remain low, supporting the ongoing demand for well-located commercial and residential stock.
This offering represents a compelling land-backed opportunity with multiple value propositions: immediate income generation at attractive yields, approved development ready plans with estimated end value exceeding R100 Million and prime arterial exposure in a supply-constrained, high demand location.
Key Features:
- Full Title Corner erf: ±1784m2
- Current Income: R1.6 Million per annum(10.3% gross yield on asking price)
- Approved Development Plans: 8-storey mixed use comprising 36 apartments, retail, office and rooftop amenities
- Estimated Development GDV: +R100 Million
- Prime Arterial Exposure: Beyers Naudé Drive with 60,000 - 90,000 vehicles per day
- Location Advantages: Directly opposite Cresta Shopping Centre, 1km away from new R180 Million hospital
- Existing Improvements: ±2256m2 GLA, Fully Tenanted
- Zoning: Mixed-Use with approved plans in place
Investment Highlights:
- Immediate income with development upside
- Corner site with dual street frontage
- Approved plans de-risk development timeline
- Supply-constrained node with institutional anchors
- Multiple exit strategies: hold for income, develop or sell approved plans
Visit SA Property Brokers for more information.
The property offers a rare combination of high visibility, strong arterial exposure, stable income generation and approved development rights - making it ideally suited for income investors, developers and value-add operators seeking exposure to a rapidly evolving mixed-use node.
The site comprises an erf of approximately 1784m2 with existing improvements of approximately 2256m2 GLA, currently fully tenanted and generates interim income of ±R1.6 Million per annum in rental.
Fully approved development plans permit an 8-storey mixed-use development comprising of 36 upmarket apartments (Averaging 85m2), 815m2 of ground-floor retail, 855m2 of first-floor office space, rooftop entertainment and pool amenities and 86 parking bays across basement and podium levels. The approved design features contemporary architecture with glazing dynamics, staggered floor plates and premium finishes, positioning it as a landmark development for the area.
The surrounding precinct has undergone significant transformation, anchored by Cresta Shopping Centre, national operators including self-storage facilities, modern commercial developments and a recently completed private hospital investment exceeding R180 million, reinforcing the long-term growth trajectory of the area. Vacancy levels in the immediate node remain low, supporting the ongoing demand for well-located commercial and residential stock.
This offering represents a compelling land-backed opportunity with multiple value propositions: immediate income generation at attractive yields, approved development ready plans with estimated end value exceeding R100 Million and prime arterial exposure in a supply-constrained, high demand location.
Key Features:
- Full Title Corner erf: ±1784m2
- Current Income: R1.6 Million per annum(10.3% gross yield on asking price)
- Approved Development Plans: 8-storey mixed use comprising 36 apartments, retail, office and rooftop amenities
- Estimated Development GDV: +R100 Million
- Prime Arterial Exposure: Beyers Naudé Drive with 60,000 - 90,000 vehicles per day
- Location Advantages: Directly opposite Cresta Shopping Centre, 1km away from new R180 Million hospital
- Existing Improvements: ±2256m2 GLA, Fully Tenanted
- Zoning: Mixed-Use with approved plans in place
Investment Highlights:
- Immediate income with development upside
- Corner site with dual street frontage
- Approved plans de-risk development timeline
- Supply-constrained node with institutional anchors
- Multiple exit strategies: hold for income, develop or sell approved plans
Visit SA Property Brokers for more information.
Monthly Rates
R48,201.24
Features
Zoning
Interior
Sizes
Parking Bays
Additional Amenities
Listing Info
Blackheath, Randburg
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the SA Property Brokers website is accurate and up to date, SA Property Brokers makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
