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Web Ref TPC38
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190 Oxford Street
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Auction StationPrime Corner Commercial Investment | Oxford Street | R62 000 Gross Monthly Income
A rare opportunity to acquire a fully tenanted, high-visibility corner commercial building on one of East London's busiest arterial roads. With five established retail tenants, eight income-generating rooms upstairs, and a wrap-around advertising contract, this property delivers multiple income streams under one roof — all secured on 3-year leases.
The numbers speak for themselves:
Gross monthly income of R62 000, netting R54 000 after rates — with further upside potential in the residential rooms.
Ground floor — 5 retail shops (all on 3-year leases):
-National pharmacy group — anchor tenant providing blue-chip income stability (R14 000/pm)
-Spares and mechanic workshop (R10 000/pm)
-Fashion retail store (R8 500/pm)
-Cell phone shop (R6 500/pm)
-Spaza / takeaway (R6 000/pm)
Upper floor — 8 residential rooms:
Accessed via a dedicated staircase, the upper level comprises 8 rooms currently returning R11 000/pm to the owner (individual rooms range R1 600–R1 800/pm). Shared amenities include a communal kitchen, two bathrooms with shower, ceiling fans, and a store room.
Additional income — building wrap advertising:
A wrap-around advertising contract on the building exterior generates a further R6 000 per month — a passive income stream rarely seen in standard investment property.
Property highlights:
-Corner position with maximum street exposure on a high-traffic road
-Fully tenanted — income from day one
-Diversified tenant mix across retail, health, food, and automotive
-National pharmacy anchor tenant providing lease security
-3-year leases across all retail tenants
-Residential component provides additional yield cushion
-Advertising revenue adds passive income above standard rental returns
Rates: R8 000/pm
This is a well-established income-producing asset with a resilient, diversified tenant base. Ideal for the investor seeking reliable monthly returns backed by a national anchor and long-term leases.
Contact Marcel or Zandi at Thompson Properties to arrange a viewing or request the full income schedule.
The numbers speak for themselves:
Gross monthly income of R62 000, netting R54 000 after rates — with further upside potential in the residential rooms.
Ground floor — 5 retail shops (all on 3-year leases):
-National pharmacy group — anchor tenant providing blue-chip income stability (R14 000/pm)
-Spares and mechanic workshop (R10 000/pm)
-Fashion retail store (R8 500/pm)
-Cell phone shop (R6 500/pm)
-Spaza / takeaway (R6 000/pm)
Upper floor — 8 residential rooms:
Accessed via a dedicated staircase, the upper level comprises 8 rooms currently returning R11 000/pm to the owner (individual rooms range R1 600–R1 800/pm). Shared amenities include a communal kitchen, two bathrooms with shower, ceiling fans, and a store room.
Additional income — building wrap advertising:
A wrap-around advertising contract on the building exterior generates a further R6 000 per month — a passive income stream rarely seen in standard investment property.
Property highlights:
-Corner position with maximum street exposure on a high-traffic road
-Fully tenanted — income from day one
-Diversified tenant mix across retail, health, food, and automotive
-National pharmacy anchor tenant providing lease security
-3-year leases across all retail tenants
-Residential component provides additional yield cushion
-Advertising revenue adds passive income above standard rental returns
Rates: R8 000/pm
This is a well-established income-producing asset with a resilient, diversified tenant base. Ideal for the investor seeking reliable monthly returns backed by a national anchor and long-term leases.
Contact Marcel or Zandi at Thompson Properties to arrange a viewing or request the full income schedule.
Features
Zoning
Mixed Use
Title
Freehold
Exterior
Security
Yes
Sizes
Floor Size
595m²
Land Size
395m²
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