Site Extent: ± 1 904 m² | GBA: ± 2 211 m² (Ground Floor Retail) ± 1 065 m² & Upper Floor Offices ± 1 146 m² | Current Gross Annual Income: ± R1.47 Million (including parking) | Potential Gross Annual Income: ± R2.8 Million (if fully tenanted) | 50% Tenanted | High exposure - Positioned next to McDonald’s and close to Shoprite | Ample parking on Municipal parking area
Prime Retail Opportunity in the Heart of Worcester
Positioned in the bustling heart of Worcester, this retail center at 52 High Street is an unparalleled investment opportunity. Situated alongside retail giants McDonald’s and Shoprite, this location offers unbeatable visibility and foot traffic, making it the ideal spot for businesses looking to thrive in the Western Cape.
Features:
With an impressive 1,065 m² dedicated to retail, this center already generates R1.77 million annually, with the potential to increase to R2.5 million. The existing tenants provide a stable income, with ample room for expansion or reconfiguration to maximize returns. The strategic position adjacent to major retail anchors like McDonald’s and Shoprite ensures consistent customer flow, benefiting all tenants.
Accessibility & Parking:
The site’s prime location on Worcester’s main artery, High Street, offers exceptional accessibility for both pedestrians and vehicles. Ample municipal parking surrounds the center, providing convenience for shoppers and encouraging longer visits. This parking advantage, combined with the center’s proximity to popular stores, creates a retail hub that attracts a steady stream of customers.
Branding & Visibility Opportunities:
The high-traffic location offers unrivaled branding opportunities. With prominent frontage on High Street, your business can capitalize on the constant exposure to passing traffic and pedestrians. The building’s design also allows for eye-catching signage, making it an ideal spot for brands looking to establish a strong presence in Worcester.
Versatile Space for Diverse Uses:
Whether you envision a flagship retail store, a vibrant food and beverage outlet, or a mixed-use development, this property provides the flexibility to accommodate a variety of business needs. The spacious interiors and strategic layout make it easy to adapt the space to suit your vision, ensuring that your business can flourish in this dynamic environment.
Thriving Surroundings & Amenities
Located in a vibrant commercial district, the retail center is surrounded by a mix of retail, dining, and service amenities that draw a diverse crowd of shoppers. The nearby Shoprite and McDonald’s serve as major attraction points, further enhancing the center’s appeal. Additionally, Worcester’s status as a regional hub ensures a constant influx of visitors from surrounding areas, providing a broad customer base for any business.
Investment Highlights
This retail center at 52 High Street is a golden opportunity for savvy investors and business owners. With its prime location, substantial foot traffic, and strong income potential, it offers a rare chance to secure a valuable asset in Worcester’s thriving commercial landscape.
Location
This property is positioned within the Worcester Central Business District in the Western Cape. High Street is the main street (R60 Main Road) that runs through the Worcester CBD which links to the N1 Freeway. The property is positioned amongst a bustling hub surrounded by properties occupied by Shoprite Checkers, PEP, Capitec Bank, ABSA Bank and other national and international retailers. The property is located next door to the McDonalds Fast Food outlet. There are various car dealerships and other retailers, distributors and supply businesses within the node.
Worcester CBD
Being the largest town in the Western Cape's interior region, Worcester serves as the administrative capital of the Breede Valley Local Municipality and as regional headquarters for most central and Provincial Government Departments. The town also serves as the hub of the Western Cape's interior commercial, distribution and retail activity with a shopping mall, well developed central business district and infrastructure.
Worcester is situated in a fertile valley and is one of the most important agricultural areas in the Western Cape. The region is part of the Cape Winelands and is known for its vineyards and wineries. Worcester's location makes it a central hub for transportation and logistics. Investments in infrastructure, such as roads, utilities, and public services, have improved living standards and created a conducive environment for business and economic growth.
Worcester's economy is diverse, with strong agricultural, industrial, and tourism sectors. This economic stability and growth can lead to increased demand for retail spaces, ensuring a steady stream of potential tenants and customers. As Worcester continues to grow and develop, property values in the central area appreciate. Investing in a retail building can offer long-term capital gains as property prices increase.
Virend Deonarain
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vdeonarain@in2assets.com