This prominent R24 Highway exposure property is nestled between Edenvale and Barbara Roads in Harmelia, Ext 1, Germiston. Spanning a land area of 1 114m2, this property presents a fantastic prospect for investors seeking to capitalize on its strategic location and versatile zoning.
Property Highlights:
1. Strategic Location: Positioned along the bustling R24 Highway, this property offers unparalleled visibility and accessibility, making it an ideal location for businesses looking to enhance their brand presence. The strategic positioning ensures maximum exposure to a high volume of passing traffic on the R24 in both directions and Herman Road, presenting an excellent branding opportunity for prospective tenants or owners.
2. Revenue Generation: With an existing billboard installed on
the premises, this property presents an opportunity to unlock additional income streams through advertising partnerships. Capitalize on the prime location and high traffic flow to generate consistent revenue from billboard advertising, adding significant value to your investment portfolio.
3. Versatile Zoning: Currently offering a Business 3 zoning designation, this property offers a wide range of permissible uses, providing flexibility and versatility for various business ventures. The zoning allows for primary rights such as offices, medical consulting rooms, and dwelling houses, while special consent use rights encompass a diverse array of options including business purposes, hotels, restaurants, gyms, and more.
4. Redevelopment Opportunity: Due to the location being within the 'Aerotropolis Footprint Area, the property lends itself to be re-developed to further increase the GLA as well as potential zoning changes to allow for industrial, retail, or other zoning.
Strategic Positioning:
The property's location within Region A of the Ekurhuleni Metropolitan Municipality’s Spatial Development Framework places it within the 'Aerotropolis Footprint Area,' centered on the OR Tambo International Airport Node. Furthermore, it is situated within the R-24 Development Corridor, designated as a "corridor mixed-use" zone where commercial, office, and business uses are actively encouraged. This strategic positioning within key development corridors underscores the property's potential for long-term growth and value appreciation.
Property Layout:
The subject property offers users an open plan yard facing onto Herman Road and R24, with a GLA is ?290m2 it has a reception area, various office components, training centre, full kitchen, ablutions, as well as staff cottage and entertainment braai under covered patio. There is accessibility to move vehicles freely round the property through an in-out drive through, for vehicles to move freely in and out the property.
To the South side of the property is a high steel structure which was used as a workshop previously.
Access:
There are 3 access points to the property; One off Herman Road and two off the Western Side of the property on Paula Road which is accessible through a boomed off gate in the Residential area behind the property.
Investment Potential:
Whether you're looking to establish a flagship business location, capitalize on advertising revenue, or explore development possibilities, with its prime location, versatile zoning, and revenue-generating opportunities, this property offers the ideal canvas to unlock great value and future income.
Features
R24 Visibility
2 Access Points
Great signage opportunities
Easy access to N12 and surrounding areas
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