Mixed Use Commercial Property for Sale in Lansdowne, on Sole Mandate
Online Auction: 13th March 2024.
Note: The opening bid at auction is R4,750,000 and NOT the selling price. The auction is subject to a reserve price.
468 Imam Haron Road is a free-standing wrap around building that runs from Imam Haron Road, through Crosscut Road and onto the ever popular Race Course Road in Lansdowne.
This mixed use commercial property on auction in Lansdowne offers a 12.2% yield with a WALE of 3 years. It has a mix of pre-paid water and electricity meters along with very reasonable municipal accounts. It also has a mix of 3 phase and 2 phase power depending on the unit.
The property offers a 936m GB1 zoned erf with a 816m building and 33% of bulk remaining with no heritage restrictions for further development. The current tenant mix consists of a signage company, a Mixed Martial Arts Gym and a cafe. The 4th vacant unit is a vacant 200m space with 2 prospective tenants lined up should you choose to fully let the building.
This opportunity rich node of Lansdowne offers a wide variety of different property classes ranging from commercial, industrial as well as residential property, which encourages exposure to various types of clients on a regular basis. Imam Haron Road and Race Course Road, are well-known Roads serving as channels between Lansdowne and Claremont which also provides ease of access to the M17 and M5 highways.
Contact me for an exclusive viewing of this Mixed Use Commercial Property on Auction in Lansdowne today.
Pre-auction offers welcome.
