Property description

RETAIL BUILDING | THREE STORES | RENTAL INCOME | EXPANSION OPPORTUNITY | SOLID INVESTMENT | RENTAL ROOMS

Property Overview:

- ERF: 1980
- ERF Area: 919 m2
- Building Area: 800 m2
- Zoning: Business

Store Types:

- Convenience Store : Sale of convenience goods and small food take away
- Tyre Store: Retail trading in tyres
- Bar and Kitchen : Bar and Kitchen
- Store Hours : 8am - 8pm Stores and 10am - 2am Bar

Rental Details:

- Rental Rooms: 13
- Store Rentals
- Central Location: Yes
- Transport Access: Taxi, Bus, and e-hailing
- Rental Income per Month: R57,000.00
- Recovery of Water and Electricity Monthly: R9,500.00

Location Details:

- Area: Orange Grove
- Main Road Access: Louis Botha Avenue

Opportunities for Development:

- Development of More Rooms to Rent
- Development of Additional 2nd Storey
- Gaming and Betting
- Entertainment

Description:

Discover an unparalleled investment opportunity in the heart of Orange Grove, Johannesburg. This well-appointed property boasts a Business Zoning, diverse store types, and 13 rental rooms generating a substantial monthly income of R57,000.00. Explore the potential for future developments and capitalize on the unique features this property has to offer.

Key Features:

Central Location: Nestled in the vibrant Orange Grove, this property enjoys a central location, making it an attractive hub for business activities and attracting a diverse clientele.
Transport Access: Seamlessly accessible via taxi, bus, and e-hailing services, the property ensures ease of commute for both customers and residents alike.
Main Road Access - Louis Botha Avenue: Situated along the renowned Louis Botha Avenue, the property benefits from high visibility and exposure, enhancing its potential for business growth and attracting foot traffic.

Opportunities for Growth:

Room Development: The property offers the potential for expanding rental income by developing additional rooms, catering to the growing demand for accommodation in the area.
2nd Storey Addition: Consider the addition of a second storey to maximize available space, offering an ideal opportunity for businesses seeking to enhance their operations.
Diverse Usage: With Business Zoning, explore diverse usage options such as gaming and betting establishments or entertainment ventures, tapping into the varied needs of the local community.

Financial Highlights:

Rental Income: The property currently generates a monthly rental income of R57,000.00, providing a stable and attractive return on investment.
Utilities Recovery: An additional monthly recovery of R9,500.00 further adds to the financial appeal of this prime investment.

Orange Grove and Developments on Louis Botha:

Orange Grove:

Nestled on the outskirts of the bustling Johannesburg city, Orange Grove is a vibrant and eclectic suburb known for its cultural diversity and unique charm. It offers a mix of residential and commercial spaces, creating a lively atmosphere that attracts a blend of professionals, artists, and entrepreneurs. The suburb boasts an array of amenities, including trendy cafes, art galleries, and convenient access to major transport routes.

Developments on Louis Botha:

Louis Botha Avenue, a prominent thoroughfare, is experiencing a surge in revitalization and urban development. The area is becoming a hotspot for businesses, attracting a diverse range of ventures, from innovative startups to established enterprises. Recent infrastructure improvements and ongoing beautification projects contribute to the overall enhancement of the area's appeal, making it an exciting and evolving business hub.

This property stands as a testament to the growth potential within Orange Grove and along Louis Botha Avenue. Secure your stake in this thriving community, where the fusion of opportunity and development awaits.

Note: All figures are provided as per the latest available information and are subject to change. Prospective buyers are advised to conduct their own due diligence. VAT applicable Transation