Commercial Investment Property in Athlone with Solar Infrastructure
This established commercial property in Athlone presents an opportunity to acquire an income-producing asset comprising retail space, office accommodation and significant on-site renewable energy infrastructure.
The property offers approximately 3 840 m² of Gross Lettable Area (GLA) and currently generates a Net Operating Income (NOI) of R5 100 000 per annum.
With an overall occupancy rate of 78%, the property provides an established income base while retaining potential for further occupancy and income optimisation.
Property Overview
• Sale Price: R58 000 000
• Total GLA: 3 840 m²
• Retail GLA: 2 995 m²
• Office GLA: 845 m²
• Overall Occupancy: 78%
• Net Operating Income: R5 100 000 per annum
• Anchor Tenancy: Established national retail tenant
• Anchor Lease: 5 years, effective from February 2026
• Solar Infrastructure: 183 kW solar plant
Retail Component
The property comprises approximately 2 995 m² of retail space, forming the largest component of the development.
An established national retail anchor occupies a significant portion of the property under a 5-year lease effective from February 2026. This provides an established tenant base and contributes to the property's ongoing rental income.
The retail component forms the core of the property and provides an established commercial environment for customers and other occupiers.
Office Accommodation
Approximately 845 m² of office space forms part of the property, providing a complementary commercial component alongside the retail offering.
The combination of retail and office accommodation provides a diversified use profile and creates multiple income streams within a single commercial asset.
Solar Energy Infrastructure
One of the property's key features is the existing 183 kW solar plant.
The on-site renewable energy infrastructure adds significant value to the property's operational profile and can assist with electricity cost management, subject to the property's applicable energy arrangements and consumption requirements.
The solar installation also provides an additional infrastructure advantage for an investor seeking commercial property with existing energy-saving infrastructure.
Investment Highlights
• R5.1 million annual NOI
• 3 840 m² total GLA
• 2 995 m² retail space
• 845 m² office accommodation
• 78% overall occupancy
• Established anchor tenancy
• 5-year anchor lease effective from February 2026
• Existing 183 kW solar plant
• Diversified retail and office income profile
• Potential for further occupancy improvement
• Established commercial property in Athlone
Investment Opportunity
This property combines established rental income with retail, office and renewable energy infrastructure, creating a diversified commercial investment profile.
The existing anchor tenancy provides a degree of income stability, while the current occupancy level leaves room for further leasing activity and potential income enhancement.
The 183 kW solar plant is an additional feature that distinguishes the property from conventional commercial assets and may contribute to improved operational efficiency.
An established commercial investment offering retail and office accommodation, existing income and substantial solar infrastructure in Athlone.
Property Features
Key Features
Erf Size1 397 m²
Floor Size3 840 m²
Pets AllowedNo