1,238m² Retail For Sale in Florida, CL34676

Details

On Auction 27 March 2025 - Mixed-use Investment With Dual Access

Total GLA (Gross Leasable Area): 1,238 m²

Residential space: ±700 m² (currently 68.75% occupied, leaving room for rental income growth) Commercial space: ±538 m² (fully occupied with a national anchor tenant) Zoning: "Business 1", allowing a mix of commercial and residential uses.

Land Size: 893 m², located in a prime commercial area within the City of Johannesburg Metropolitan Municipality.

Dual Access: The property has access from both Goldman Street and Plaza Road, which runs through the entire block, providing convenience for tenants and customers.

Net Annual Income: Approximately R868,935.37.

Municipal Rates: Around R6,924.44 per month.

This property is well-positioned for both residential and commercial tenants, with significant potential for increasing rental income. Its strategic location and dual access make it a solid choice for investors seeking a mixed-use property.