385 m² Commercial space in Turffontein

PRIME MIXED-USE COMMERCIAL INVESTMENT IN A VIBRANT TURFFONTEIN | DIVERSIFIED INCOME STREAMS | SIGNIFICANT REFURBISHMENT POTENTIAL

Why to Buy - Mixed-use commercial property

- Erf size 53900m2 and floor size 38500m2

- Four bedrooms

- Six bathrooms

- Three kitchens in total for the whole building

- Ground floor retail: Internet caf, convenience store, beauty salon, and doctor''s rooms

- Upper-level potential for flat, offices or consulting rooms

- Plenty of parking spaces

- Strategic Turffontein, Johannesburg location

- Diversified income streams

- Significant refurbishment potential

Situated within the established metropolitan and suburban precinct of Turffontein, Johannesburg, this commercial property presents a compelling investment opportunity. Its strategic location is inherently conducive to fostering local commerce and community engagement, benefiting from consistent foot traffic and accessibility within a dynamic urban environment. This positioning underscores its potential for sustained commercial viability and growth.

This substantial mixed-use property encompasses an expansive Erf Size of 539m2, with a significant Floor Size of 385m2 dedicated to operational space. The ground floor is currently configured to accommodate a diverse array of retail and service-oriented businesses, prominently featuring an internet caf, a convenience store, and a unisex beauty salon. These existing enterprises not only provide immediate, diversified income streams but also demonstrate the property''s proven capacity to attract and retain a varied tenant base.

The upper levels of the building are thoughtfully arranged, comprising two distinct bedrooms, well-appointed bathroom, and a functional kitchen. This versatile layout offers considerable scope for adaptation, whether for continued use as professional consulting rooms, as suggested by the existing medical office setups, or for conversion into additional commercial units or residential apartments. The inherent flexibility of these spaces allows for strategic refurbishment initiatives aimed at modernising aesthetics and optimising utility, thereby significantly enhancing both rental yields and overall property valuation.

Practical amenities include open dedicated parking spaces, a considerable advantage in a bustling commercial locale, ensuring convenience for both tenants and clientele. While the exterior facade exhibits signs of wear, indicative of its established tenure, the presence of robust security gates on the ground-floor units provides a foundational layer of protection. The property''s integration within a developed metropolitan area ensures access to essential infrastructure.

This property represents a robust acquisition for investors seeking a diversified portfolio or owner-occupiers desiring a versatile commercial footprint. Its inherent adaptability, coupled with its strategic location and existing income-generating capacity, positions it as a valuable asset with considerable potential for future appreciation and operational expansion within the Johannesburg commercial landscape.

Contact me for a private viewing of this income-generating property!

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EPILITE 98 CC trading as REMAX Finest Alberton operates in terms of a franchise agreement with REMAX of Southern Africa.