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Property
Description

Property Description

The property is situated  on Albertina Sisulu Street in Maboneng, This property consists of two levels and is a perfect re development or residential conversion opportunity.

• Easy Access to M2 Motorway

• GLA: 800m2

• ERF: 495m2

Potential Income: Billboard  - Contract has been agreed with an estimated income of R336,000.00 P/A Tenant – Potential income Between R400,000.00 and R500,000.00 P/A

Features

Double Level

Situated on a Main Road

Iconic Site

Maboneng Precent

Area Description

Downtown Johannesburg has undergone something of a renaissance. What used to be a no-go area, to the east of the inner-city, is now a vibrant creative district that attracts a mixed lively and art-going crowd; a mix of students, artists and entrepreneurs. Meaning 'place of light' Maboneng is a regeneration of Johannesburg's red-brick east-end; what is described as a 'mixed-use community' – a combination of residential apartments with studio, retail and art-centred space. There is also a theatre, an independent cinema, a collection of eateries and markets. The result is something rather exceptional and a far-cry from the high-walled suburbs of the north, or the no-go areas of the inner-city. The whole concept was Initiated by developer Jonathan Liebmann, who bought up several blocks' worth of derelict construction offices and warehouses. He collaborated with architect Enrico Daffonchio to change the space into something chic and attractive. The district is now a collection of different buildings/spaces: Arts on Main, Main Street Life, Fox Street Studios, a hotel, an office building called Main Change, and Revolution House

Amenities

BP Filling Station 0,16KM

Gautrain Station 1,94KM

SAPS 0,15KM

Shopping Centre 0,45KM

Jeppe School 0,65KM

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
252 Albertina Sisulu , City and Suburban , Johannesburg, Gauteng

AUCTION ADDRESS:
Masingita House, 41 West Street , Houghton Estate , Johannesburg, Gauteng

AUCTION DATE:
2020-03-12

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 496m2 | GBA: 800m2

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