This prime investment property, located in Strijdompark, offers a total Gross Lettable Area (GLA) of 2,676m², comprising a retail shop, office space, and storage facilities. The property is currently tenanted for the next three years, with a lease extending until 2025, and an option for renewal through to 2030. The premises include a small retail shop on the ground floor, with office space above, and is currently operating as a building materials depot.
With an asking sale price of R10,500,000.00, this property provides an attractive yield of approximately 9%. This opportunity offers stable income potential, long-term tenancy, and a solid location in Strijdompark, making it a great addition to any investment portfolio. For further details or to arrange a viewing, please contact us.
Located in the north western region of Johannesburg and forming part of its municipality, Randburg spans an area of 167.98 km2, positioned between Roodepoort, Johannesburg and Sandton. With the growing demand for light industrial and commercial spaces in and around the City of Gold – Randburg, although predominantly residential, has experienced much activity surrounding the development of industrial and...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
