Prominent three story commercial building suitable for retail and offices located on busy arterial road in Newlands.
Ground floor, first floor and second floor measuring 500m2 per floor. The ground floor space has been recently fully renovated throughout and is ready for a purchaser or tenant to take occupation. The ground floor section is ideal for executive management offices. The first floor can be used for storage to support the ground floor operation as there is a 2-ton goods hoist linking the two floors.
The property could be occupied throughout by a purchaser or let out to individual tenants per floor. Potential rental income of R75k/month. Great opportunity for an advertising wraparound to create additional income.
The property has great access to Johannesburg CBD, to the Freeway and to the Westrand via Ontdekkers Road and Henry Potgieter to the North. Excellent access for public transport.
The building is zoned Business 1 which incorporates the following: business purposes, retail, residential, places of instruction, social halls, restaurants, car sales lot, motor showrooms, offices, institutional use/religious purposes and warehousing.
The building would be ideal for a school or training centre. The municipal park immediately adjacent to the property could be used for R&R for students / trainees. The building would also be ideal for a call centre with executive offices on the ground floor.
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