1,405m² Business Centre For Sale in Gillitts

Retail and office investment for sale in Gillitts, Upper Highway: Hamilton Way, a ±1,405 m² multi-tenanted business park on a 6,968 m² erf, returning R2,987,915 per annum (excl. VAT) with a net yield of +-9.4% at the asking price.
Twelve tenancies across food, fitness, beauty, apparel and professional offices give a diversified income with no single tenant above a quarter of the rent roll.

The park comprises a double-storey office and retail building set among established trees, with a deck restaurant, a 347 m² gym, paved parking and secure access off Old Main Road. Leases run to between 2027 and 2030 with annual escalations of 7% to 10%, and the single remaining unit of ±82 m² offers immediate letting upside.

Features
- Gross Lettable Area: ±1,405 m² (±1,405 m² including yard)
- Erf Size: 6,968 m²
- Tenancies: 12, with one unit of ±82 m² vacant
- Gross Income: R2,987,915 per annum (excl. VAT), including recoveries
- Net Operating Income: R2,068,287 per annum
- Lease Expiries: 2027 to 2030, escalations 7% to 10%
- Tenant Mix: café and restaurant, bakery, gym, hair and nail salons, skincare, apparel, financial services and offices
- Double-storey building, deck dining area, paved on-site parking
- Zoning: Transition Zone 1, Clifton Park
- Asking Price: POA (gross yield 13.6%, net yield 9.4%)
- Availability: On transfer, subject to existing leases

Location
Gillitts sits at the centre of the Upper Highway between Kloof and Hillcrest, one of KwaZulu-Natal's strongest suburban retail catchments. Old Main Road is the area's primary commercial spine, with direct access to the M13 and N3.

Accessibility
- Direct links to the M13 and N3 highways
- Durban Port – 34.5 km
- Mariannhill Toll Plaza – 9.9 km
- King Shaka International Airport – 52.2 km

Neighbouring Nodes: Kloof | Hillcrest | Winston Park | Pinetown

The area is served by a dense, high-income residential base, established schools and the Hillcrest and Kloof retail nodes, with strong daily trade for convenience, lifestyle and service tenants.

With a diversified rent roll, staggered expiries, built-in escalations and a 9.4% net yield in a defensive Upper Highway node, Hamilton Way is a well-let income asset with letting upside.

Our experienced team specializes in Commercial and Industrial property across South Africa, dedicated to delivering value and exceptional service in every transaction. Let us help you find the perfect space for your business.

Contact us now to arrange a viewing!