Web Ref CL9530
R9,900,000
42 Northway East Rd
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Strip Mall for Sale in Ravensmead – 11% CAP Rate | Anchored by Usave
Discover an exceptional investment opportunity with this thriving strip mall in the heart of Ravensmead, offering a strong 11% CAP rate. Spanning approximately 1,700m², this well-maintained commercial center is anchored by Shoprite Usave, a trusted national retailer that guarantees consistent foot traffic and a loyal customer base.
The property features a carefully selected tenant mix designed to serve the community's diverse needs:
Trailer Hire Company – providing reliable vehicle rental services
Fisheries – offering fresh, quality seafood daily
Chisa Nyama – delivering authentic South African BBQ flavors
Adding further value, the strip mall includes two residential units — a one-bedroom and a two-bedroom apartment — offering additional rental income potential.
The building is in excellent condition, reflecting ongoing maintenance and pride of ownership. Positioned in a high-visibility location with easy access to key transport routes and essential amenities, this property is ideally suited for investors seeking a secure, income-generating asset.
Key Features:
11% CAP rate
Anchor tenant: Shoprite Usave
±1,700m² floor area
Mixed-use: retail and residential
Strong tenant mix
Excellent location and accessibility
Don't miss this opportunity to own a cornerstone of the Ravensmead community.
The property features a carefully selected tenant mix designed to serve the community's diverse needs:
Trailer Hire Company – providing reliable vehicle rental services
Fisheries – offering fresh, quality seafood daily
Chisa Nyama – delivering authentic South African BBQ flavors
Adding further value, the strip mall includes two residential units — a one-bedroom and a two-bedroom apartment — offering additional rental income potential.
The building is in excellent condition, reflecting ongoing maintenance and pride of ownership. Positioned in a high-visibility location with easy access to key transport routes and essential amenities, this property is ideally suited for investors seeking a secure, income-generating asset.
Key Features:
11% CAP rate
Anchor tenant: Shoprite Usave
±1,700m² floor area
Mixed-use: retail and residential
Strong tenant mix
Excellent location and accessibility
Don't miss this opportunity to own a cornerstone of the Ravensmead community.
Features
Zoning
Retail
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
1,700m²
Land Size
4,981m²
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Ravensmead, Parow
Parow - 7500 Introduction Parow is a suburb located in the Northern Suburbs of Cape Town, South Africa. Established in 1865 by Johann Heinrich Ferdinand Parow, it has grown into a vibrant community known for its rich history and convenient location. Parow offers a blend of residential, commercial, and industrial areas, making it a diverse and dynamic part of Cape Town. Features Parow features a variety of amenities...
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