This bustling mixed-use property in the Johannesburg CBD is a prime investment opportunity offering a Gross Annual Income (GAI) of approximately R9,790,273. The building features 92 tenanted apartments alongside large, fully occupied retail outlets, ensuring a stable and diverse income stream. Positioned on a busy corner, it benefits from high foot traffic, with backup power, water systems, and strong security measures in place to ensure uninterrupted operations.
The residential component offers a variety of unit sizes, including 26 x 80 m², 29 x 65 m², 12 x 50 m², 25 x 30 m², and 3 x 22 m² apartments, catering to a wide tenant base. Complemented by four large retail spaces, the property spans 10 floors and is located within a high-demand urban node, making it a strategic acquisition for
investors seeking growth and income in a vibrant city center.
Erf Number:
1655; 1656 & 1657
Township:
Johannesburg
ERF Size:
995 m²
GLA:
6,043 m²
Property Description:
GAI: R9,790,273
92 Tenanted Apartments
4 Fully Tenanted Large Retail Outlets
Backup Power and Water
10 Floors with Access Control and Security
Bustling Corner Property in JHB CBD
VAT Registered:
Yes
Municipal Information:
• Municipality: City of Johannesburg
• Monthly Rates: R22,337
Title Deed Information:
• Number: T44046/2016; T44047/2016 & T44049/2016
• Municipal Area: City of Johannesburg
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