Commercial space in Newtown

Fully Tenanted Commercial Investment - Newtown - 4 Units

OWNER ASKING R2,199,000

NEGOTIATING OFFERS FROM R1,799,000

Janowers Buildings, completed in 1913, stands at 50 Gwigwi Mrwebi Street in the heart of Newtown, Johannesburg. A fully tenanted commercial investment - four units on a single freehold title - producing immediate rental income for an investor.

The investment

- Four commercial units on a single 684 square metre freehold erf Erf 109

- Fully tenanted - income-producing from day one

- Sold as a going concern - 0 VAT and NO transfer duty for a VAT-registered purchaser

- Established commercial investment

- Full rent roll, lease detail and operating figures available to qualified buyers under NDA

The building

- Four commercial units, three with basements suitable for workshop, storage or stock

- Shared internal courtyard

- Shared ablution facilities

- 1913 heritage facade with carved signage pediment

- Industrial use category

The location

- 170 metres from Newtown Junction Mall

- Walking distance to the Market Theatre, Museum Africa, Sci-Bono Discovery Centre and Mary Fitzgerald Square

- Close to Park Station and the inner-city transport interchange

- Established commercial precinct

The deal

- Net of VAT. Sold as a going concern, zero-rated for VAT 0 to a VAT-registered purchaser.

- Non-VAT-registered purchasers: price plus VAT.

- No transfer duty applies to a going-concern supply.

- Full financial detail available to qualified buyers under NDA.

Contact Brett Lensvelt, Rockstar Realty.