R 4 000 000
(190 476
EUR*)
± 1000 m2
± 450m2
R 9534
/ m
Block of retail shops on main road
A very well positioned commercial block of retail shops located on the busy main road of Albertini Sisulu - close to Ellis Park and the Johannesburg CBD.
This well managed block consisting of 14 individual shop space with 7 tenants occupying all this space - all shops with main road frontage. The tenancy is stable with shops currently ranging from a glass company, wheel alignment , car accessories and a roofing company.
The rental income solely is approximately R46 000 per month - with potential to increase this. There is pre paid electricity and additional separate ADMIN fee LEVIES -which would increase the income to about R 85 000 (approximate values).
A very good investment opportunity.
- 14 Shops with main road exposure
- Currently all shops let
- Located on the main road connecting the CBD to the East
- Great central location
- Excellent rental income
