Investor''s Dream
Total of 21 fully let shops
Property 1
A double storey, mixed-use facility hosting a ground floor featuring 7 shops fronting Saunders Street and Harrow Access Roads. An entrance hall
fronting Saunders Street provides access to stairwell leading to the residential accommodation on the first floor of the building. The first floor has been configured into student accommodation hosting 11 rooms, a lounge/entertainment area, a cafeteria and a kitchen. The floor further offers communal toilets and shower facilities. The site also features a single room between the first floor and the ground floor (accessible via the landing platform of the main stairwell).
The property is situated in a high-density residential node on the northern boundary of the Johannesburg CBD in the bustling, cosmopolitan suburb of Yeoville. Yeoville is the subject of an R61million regeneration project, spearheaded by the Johannesburg Development Agency with the aim of attracting new investment into the area and reinforcing Yeovilles stature as important civic, social and entertainment node for which it was formerly popular. Saunders Street is a major arterial road, which cuts through the suburb and connects to a number of key collector roads en-route to the other major roads in the network of rods servicing the locality. Yeoville, characterized by its cosmopolitan feel, is located in close proximity to the transport hubs in nearby Hillbrow and offers ease of access for inhabitants to the economic opportunities in and around the greater Johannesburg region. All major and general amenities are available in the nearby Johannesburg CBD and surrounding suburbs.
Property 2
The property is multi-tenanted, it hosts 6 shops on the ground floor with the shopfronts fronting both Harrow Access Road and Webb Street. One of the shops, currently utilized as a tavern, provides access to a first floor component, fitted with a lapa area and featuring additional structures hosting ablutions and stores. The property is situated in a high-density residential node on the northern boundary of the Johannesburg CBD in the bustling, cosmopolitan suburb of Yeoville. Yeoville is the subject of an R61million regeneration project, spearheaded by the Johannesburg. Development Agency with the aim of attracting new investment into the area and reinforcing Yeovilles stature as important civic, social and entertainment node for which it was formerly popular.
Saunders Street is a major arterial road, which cuts through the suburb and connects to a number of key collector roads en-route to the other major roads in the network of roads servicing the locality. Yeoville, characterized by its cosmopolitan feel, is located in close proximity to the transport hubs in nearby Hillbrow and offers ease of access for inhabitants to the economic opportunities in and around the greater Johannesburg region. All major and general amenities are available in the nearby Johannesburg CBD and surrounding suburbs.
The same building further features a fire escape.
Fixtures and Finishes :
The various shops have been fitted according to tenant specifications and requirements. The first floor of building 1 features carpeted floors, a combination of dry-wall partitioned walls and rendered brick walls under gypsum ceiling boards.
Construction :
The buildings are constructed of rendered and painted brick walls with decorative brick and face brick infills, under concrete roofs.
Electricity Metering Residential Component - Prepaid electricity is acquired in bulk by the landlord and charged to the tenants accounts at a flat rate.
Water Meters Consumption charges are billed to the landlord''s municipal account and recovered from the tenants at an agreed monthly rate.
Property 3
The Opportunity:
High volume of passing traffic
Fully let rental
High yielding investment property
The building is currently configured to host 8 retail/commercial shop fronts, each with roller shutter security door(s) opening onto the sidewalk. The typical retail shops each feature a secure counter at the front of the retail shop for trade directly to customers on the sidewalk, with the interiors used mostly as storage and/or working areas. The secondary workshop areas along De La Rey Street surround the forecourt canopy and each feature a large roller shutter access door leading to the workshop/ yard/ store areas respectively. The improvements on the property comprise a primary single-storey retail building, with shopfronts opening directly onto the sidewalk along the two street fronts where the building faces, with a secondary area along De La Rey Street (formerly used as a filling station and has the working pumps) featuring a forecourt canopy and some service workshop areas.
Located in a high-density residential node on the northeastern boundary of the Johannesburg CBD. Situated in a strategically advantageous proximity to major transport linkages giving access to the neighboring economic and commercial hubs, as well as the suburbs surrounding the Johannesburg CDB. Ideal investment opportunity with strong yields from the existing tenants, significant upside potential through additional available bulk, all in a very prominent location. Convenient access to prominent primary and secondary movement routes through the area including Joe Slovo Drive (M31), Louis Botha Avenue (M11), and Albertina Sisulu Road. Dual street frontage and highly visible corner location as well as excellent passing vehicular and pedestrian traffic. Strong income generating investment opportunity with a projected gross annual income of R705,600 in the first year of ownership with current tenancy and occupation.
The subject property is located in an established suburb to the north-east of the Johannesburg CBD, known as Bellevue East. Bellevue East is a mostly residential suburb and is mainly characterized by a variety of low-to high density residential developments. The site is situated ideally close to a network of important transport modalities including the Rea Vaya BRT system on the M11 Louis Botha Avenue Corridor of Freedom, as well as the minibus taxi routes operating in the area and connected to the nearby Wanderers and Noord (MTN) Taxi ranks allowing for enhanced connectivity to the broader Gauteng City Region. The area is close to the Johannesburg CBD which hosts various social/general amenities, government customer service centres and convenience type retail/service centres. All major municipal services are available in the area.
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