805 m² Commercial space in Richmond

4 Marie Road in Richmond is ideally situated in the heart of Johannesburg''s most vibrant student district, just a short distance from key institutions like WITS and UJ, both within a 2 km radius. This property presents a unique chance to manage a peaceful, conveniently located neighborhood retail center in a sustainable and secure environment. With its proximity to campus and located on a bustling main road, this property offers significant potential for growth.

Key Features of the Asset:

- 10 Bachelor Units

- 7 Retail Units

- Security deposits are collected from each tenant Retail: two months rent Residential: one months rent - No interest is accrued on held deposits

- All leases are month-to-month, with the exception of the following:

- Shop 4: Three-year lease, expiring 31012029

- Shop 5: Three-year lease, expiring 31012029

- Shop 2B: Lease expiring 30092026

- Stand Size: 1400 m2 Extent

- Gross Lettable Area GLA: 805 m2

- Zoning: Commercial Mixed Use

- Income: R1,695,435.24 per annum

- Total Expenses: R373,889.38 per annum

- Net Income: R1,321,545.87 per annum

- Rental guarantee for one year on residential units

- Rates & Taxes: R7,307.76 per month