Property Features
Versatile Prime Commercial Investment in Victoria Street, George.
Positioned in the heart of George Central, this well-maintained office commercial property presents a compelling dual mandate investment opportunity with strong fundamentals and long-term tenant stability. Set on a 685m² erf with a 234m² Gross Lettable Area, the property is currently occupied by a highly reputable firm of consulting engineers with 30 years of continuous operation from this premises—offering exceptional tenant credibility. The current lease expires August 2026, with the tenant open to negotiating a new 3-year lease (with a potential 3-year extension), providing investors with the option of secure, continued income. The lease structure includes annual escalations of 6%, enhancing long-term yield performance.
Property Features:
• Professional reception area
• Current 8-seater boardroom configuration
• 8 private offices (various sizes) including a loft workspace
• Kitchenette, storerooms, ablutions & dedicated printer areas
• Secure, fenced and paved parking (2 covered parking bays + 6 open bays)
• Fibre coverage
Key Investment Highlights:
• Zoning: Commercial
• Rates & Taxes: ± R3,000/month (payable by tenant)
• Established tenant with renewal intent
• Secure, income-producing asset
• Central location with strong business presence
Potential to be sold as a going concern, with financial statements available for qualified buyers. An ideal acquisition for investors seeking stable returns, quality tenants, and prime positioning in George’s commercial hub. More detailed information will be shared with serious potential buyers.
+27 (0)82 577 5302
whatsapp agent
paul@francoproperties.com
paul@francoproperties.com
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+27 (0)83 308 2558
+27 (0)44 874 5880
whatsapp agent
marshan@francopropert...
marshan@francoproperties.com
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