- 248 m2
- 248 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 1323.00
Property description
RETAIL PROPERTY IN MARSHALLTOWN JOHANNESBURG | 5 RETAIL STORES | 80 PERCENT OCCUPIED | A MUST BUY
Property Overview:
-Property Type: Commercial Retail
- Size: 250 square meters
- Zoning: Business 2
- Corner Stand
- Access from Anderson Road, Small Street and Frederick Street
Description:
This commercial retail property, located at No. 118 Anderson & Small Street in Marshalltown, Johannesburg, offers an excellent investment opportunity in a prime location. With a total size of 250 square meters, the property is partitioned into six individual shops, making it ideal for multiple businesses. Currently, five of the six shops are leased, providing a steady rental income of R27,000 per month.
Income and Benefits:
The property generates a consistent rental income of R27,000 per month from its five leased shops. This income comes with several notable benefits, including:
Stable Cash Flow: The monthly rental income of R27,000 ensures a stable and predictable cash flow for property owners, making it easier to cover expenses and plan for future investments.
Long-Term Leases: The property benefits from long-term leases with its reputable and established tenants. These leases provide security and minimize tenant turnover, reducing vacancy risks.
Diversified Income: With multiple tenants, the property enjoys income diversification. This means that even if one tenant vacates, the remaining tenants continue to contribute to the income stream.
Low Vacancy Risk: The fact that five out of six shops are leased indicates low vacancy risk, which is essential for maintaining consistent income and property value.
Security Features: The property is equipped with CCTV cameras and razor wire around the roof, enhancing security for both tenants and property owners, protecting the income-generating asset.
This commercial retail property offers a strategic investment opportunity in a high-demand area of Johannesburg. Its location, long-term leases, stable income, and security features make it an attractive option for investors seeking a reliable and profitable asset in the bustling commercial landscape of Marshalltown. Don't miss out on the chance to own a property with strong rental potential and a promising future in this vibrant business district.
Property Details
Property Features
- Central Location in Johannesburg CBD
- Current Rental Being Recieved R 27 000.00
- Retail Stores and Food Stores
- Full Time Care Taker
- Comprises of 5 Retail Stores
- CCTV and Razor Wire Security
- Male and Femal Bathrooms for Clients Renting Stores
- Clean Building Facade
- A Sound and Stable Investment
- A VAT Transaction from a VAT Registered Entity
| Floor Area | 248 m2 |
| Erf Size | 248 m2 |
