R 3 650 000 | Commercial Property for Sale in Alrode South

Fully serviced industrial / commercial stand for sale in Alrode South, Alberton. The sale is for the land and improvements only — not the trading businesses. Long-standing tenants are in place, providing immediate income from day one, and there is additional vacant space you can let out for even more upside. The property sits in Alrode, one of Gauteng’s most established industrial nodes with strong demand for light industrial, workshop, retail trade and yard space. Details • A second tenant (board cutting / wood-cutting operation) paying • On that income alone, the deal delivers ±10% gross yield at asking, before filling the vacant section. • Municipal charges (rates, refuse, business utilities etc.) are currently around R5 938 per month on the latest City of Ekurhuleni statement for the site. • Stand size / ERF size: ±1 066 m² (±1 068 m² on council statement). • Zoning / rates category: business & commercial / industrial use. • Under-roof building area: just over 800 m² of structures (retail floor, workshop / warehouse, mezzanine storage). • Marked parking for about 10 vehicles on the paved forecourt, plus yard access suitable for loading. What you’re actually buying • A fully fenced, street-facing industrial/retail property with high visibility onto the road. • Improvements include: • A busy ground-floor retail / hardware-style setup with counter sales area, shelving, stock displays and point-of-sale stations (this is occupied by the hardware store tenant). • Attached workshop / light industrial bays with roller shutter access and double-volume roof height suited to fabrication, cutting, repairs, or storage. • Mezzanine / first-floor storage level running above the shop floor and aisles, ideal for bulk stock, spares, tools, and consumables. • Rear service yard with space for deliveries, material handling, and on-site storage of pipes, pallets, racking, etc. The yard is gated and enclosed with palisade / steel fencing and razor wire for security. • On-site ablutions and basic office / cashier area. • Metered water and power connections. Tenants & income security • Hardware store tenant: • Trading as a full-line hardware / building materials / plumbing & electrical supplier. • Strong foot traffic and long trading history, so you’re buying into an already-established, “always busy” anchor tenant rather than a vacant shell. • Board cutting / wood cutting tenant: • Light manufacturing / value-add style use that fits the zoning and complements the hardware trade. Upside / value-add • There is an additional ±420 m² building/section on the same site that is currently standing empty. You can tenant this space immediately (ideal for storage, panel beating, fabrication, carpentry, auto spares, etc.) and push the total monthly income. • The paved forecourt in front plus the secure back yard make this attractive for tenants who need customer parking in front and loading at the back. • The property is in an industrial pocket with ongoing demand for exactly this kind of “shop-in-front / workshop-behind” layout, which supports rental growth and low vacancy. Location • Alrode / Alrode South is a long-established industrial and logistics hub in Alberton, with easy access to major arterial routes in the south/East Rand. Properties in this node are popular with hardware suppliers, fabrication shops, and service businesses because customers can drive straight in, load, and go. Bottom line • Erf ±1 066 m² with ±800 m²+ under roof, plus secure yard. ? • Existing leases in place. • Current municipal costs ~R5.9k/month. • Strong, income-focused industrial investment with on-site parking (±10 bays) in a proven Alberton industrial node. Perfect for: • Investors who want cash flow from day one (and a path to increase that cash flow fast), • Owner-operators who want to occupy part of the site while rental income covers a big portion of the bond, and • Anyone looking for an affordable, sub-R4m industrial asset with real street exposure in Alrode South.