1,343m² Retail For Sale in Johannesburg Central, CL34727

Detalhes

Prime Retail Building Directly Opposite Bree Street Taxi Rank

Location! Location! Location!

One of the best located properties in Johannesburg Central is for sale!

This well positioned asset is situated at 200 Lilian Ngoyi Street, formerly known as Bree Street, directly opposite the Bree Street Taxi Rank and down the road from FnB Bank City. The property is fully let with great retail tenants; namely, Capitec, Supabets, Mahala Fashion and Rage. Given the exposure that this asset has coupled with the high levels of passing foot and vehicle traffic, the current landlord benefits from additional income which is currently being generated from an advertising banner which has been installed on the rooftop of the building.

This property is sure to provide any purchaser with a sustainable income stream, as it has the current owners for a number of years. Vacancy rates in this building over their period of ownership have been close to zero as tenants benefit greatly from the high exposure onto Lilian Ngoyi as well as the passing traffic. All tenants in the building have leases and are up to date in paying their rental monthly.

Important to note is that one of the neighbouring buildings to this asset, Jeppe Circle also known as City Lofts at 117 Rahima Moosa Street, is also being sold on the same auction and can be acquired with this property. Jeppe Circle is a mixed-use building housing 33 residential apartments and a number of retail shops fronting onto Rahima Moosa Street, directly opposite FnB Bank City. This building also enjoys limited vacancy and will provide inner city investors with great sustainable returns on their investment.

Should you wish to take advantage of this rare opportunity to acquire this asset (or both assets) and register your participation in this process, please feel free to contact the Counsell Brothers.