7640 m² Commercial space in Johannesburg Central

R 59 000 000

Neville Hewett

Mafadi Property Management

7640 m² Commercial space in Johannesburg Central

R 59 000 000

51 magnum, 51 wanderers & devilliers street
Can I afford this?
Floor Area 7640 m²

This gem of an asset comprises of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm.

Tenants such as Rage and other long standing commercial tenants make up the retail portion of this asset.

A fully let residential element comprising of:

Bachelors 25 units

2 bed - 12 units

3 bed - 30 units

4 beds - 26 units

Total rental income of R722 000 per month and escalations being achieved at 8%.

All residential and retail have prepaid electricity meters.

The property has a fully functional biometric access control system and the lifts are less than 12 months old.

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Neville Hewett

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Hewett

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Experience Johannesburg CBD and Bruma

The Johannesburg CBD encompasses a vast area, ranging from the affluent areas like Linksfield, to more affordable areas like Hillbrow and Bruma. After years of being seen as a no-go area by many, the city centre has bounced back to being in demand again. A massive urban regeneration project has seen money pumped into the area and occupancy is up and crime is down - a sure sign that it's working. The Maboneng precinct, for instance, now attracts a hip, arty crowd to its bars, restaurants, shops and art galleries.

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7640 m² Commercial space in Johannesburg Central

R 59 000 000

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