• 15
  • 25 055 m2
  • 3 047 m2

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Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.

Property description

PRIME COMMERCIAL RETAIL PROPERTY IN MABONENG DISTRICT, CITY AND SUBURBAN | HIGH TENANCY | SUPPORTS THE AREA | MINI SHOPPING CENTRE | GOOD TURNOVER AND PROFITS

Location: City and Suburban, Johannesburg, South Africa

Welcome to a lucrative investment opportunity in the vibrant heart of Johannesburg's Maboneng Precinct. This property presents a multi-faceted commercial complex that promises exceptional returns and long-term viability

Key Features:

Mini Shopping Mall: The property boasts a mini shopping mall, offering a diverse range of retail spaces for businesses to thrive.
Dining and Night Life Hub: It includes an array of restaurants catering to diverse tastes, ensuring a constant flow of foot traffic and patronage
Student Accommodation: Completion of student accommodation units enhances the property's appeal, tapping into the growing demand from nearby educational institutions.
Basement Parking: Convenient basement parking facilities cater to the needs of tenants and visitors, ensuring ease of access and ample space
Utilities: Equipped with a generator, backup water supply, and prepaid electricity, water, and gas systems, the property ensures uninterrupted operations and cost-efficiency
Multiple Stories: Spread across five stories, the property offers ample space for various businesses and ventures
Well-Managed: Meticulously presented and managed, the property maintains high standards of upkeep and service delivery, contributing to its success and profitability
24/7 Operations: With round-the-clock operation hours, the property maximizes revenue potential and serves as a bustling hub at all times
Lease Agreements: Existing lease agreements are in place, providing a stable income stream for potential buyers from day one
Going Concern Sale: This property is offered as a going concern, ensuring a seamless transition for the new owner with established revenue streams and operational systems in place.

Sales Process:

Interested parties will participate in a closed bidding program, designed to streamline the sales process and ensure fairness. The process involves:

1. Provision of an information pack detailing the property's features, financials, and terms of sale
2. Scheduled viewings to allow potential buyers to assess the property firsthand
3. Submission of a Letter of Intent (LOI) expressing the buyer's interest and proposed terms
4. Due diligence phase to facilitate a thorough understanding of the property's operations and financial performance

Investment Opportunity: This property represents more than just real estate; it's an investment in the thriving commercial landscape of Maboneng Precinct. With its strategic location, diverse amenities, and proven profitability, it promises substantial returns for discerning investors

For further inquiries or to participate in the bidding process, please contact us to secure your place in this exceptional investment opportunity.

Property Details

  • 15 Bathrooms

Property Features

  • Property is in the Centre of the Maboneng District
  • Mini Shopping Mall
  • Onsite Generator
  • Pre-Paid Ammenities
  • Back up Water
  • Good Tenancy
  • Lifts for Patrons and Tenants
  • 24 Hour Security
  • Well Managed and Maintained