17–19 Hill Street, Makhanda

Iconic CBD investment property with strong returns and blue-chip tenancy

Positioned less than 50 metres from Makhanda’s historic Church Square, this landmark property occupies four erven (3821, 3823, 3842, and 3843) with a combined area of 1,383 m².

The building footprint totals 1,158 m², comprising:

• Post Office tenancy – 722 m²
• Retail shops – 218 m²
• Residential section – 130 m² (two flats)
• Walkways – 88 m²

The South African Post Office has been a long-standing tenant and currently occupies the main portion of the building under a lease expiring December 2026, paying R120 per m². Given the extensive alterations and upgrades completed to their specifications, it is reasonable to expect a lease renewal, though this has not yet been confirmed.

Above the commercial level, the residential units consist of:

• A four-bedroom flat and a three-bedroom flat, both partially furnished
• Each with a living room/kitchen, bathroom, and spectacular elevated views over the city
• Excellent security and solid student rental demand, with rooms fetching around R3 000 per month

This building has had a fascinating history—originally designed as a cinema, later repurposed as a Fruit & Veg retailer, and now serving as a modern postal facility. Should the Post Office eventually vacate, the property’s layout, loading area at the rear, and adjacent public parking make it ideal for a premium food retailer such as Woolworths Foods or a speciality grocer.

A 10-year financial forecast illustrating the exceptional returns currently being achieved is available. Please email steve@grahamstownproperties.co.za for a copy.

A rare opportunity to secure one of Makhanda’s most recognisable CBD buildings—an investment with solid income, prime location, and excellent future adaptability.