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Property
Description

Property Description

Arts on Main is a mixed-use creative hub in Johannesburg’s urban neighborhood, the Maboneng Precinct. The premises consist of artists’ studios, galleries, workshops, eateries, and various office and retail spaces, offering visitors a range of events, arts, and merchandise. It's a unique environment for the city’s creative community to develop and share ideas and engage in multiple innovative experiences in one venue. This is a rare mixed-use (Retail/Office/Business) unit in Arts on Main with an area size of 113 square meters. Currently, well tenanted.

Features

Retail Space in Arts On Main

Prime Location

Net Rental R 13.500.00 p.m.

All Usage recovered  

Rates & Taxes R 2309.00 p.m. recovered. (Paid by occupant)  

Levy Recovered  

GLA 110 m2

24 Hrs Security

Area Description

The suburbs of Johannesburg are officially [citation needed] demarcated areas within the City of Johannesburg Metropolitan Municipality, South Africa. As in other Commonwealth countries, the term suburb refers to a "neighborhood", although the term has a somewhat stronger meaning [dubious – discuss] in South Africa as most (but not all) "suburbs" have legally recognised borders (see legal definition of township) and often (but not always) separate postal codes. The municipal functions for the area, such as municipal policing and social services, are still managed by the city government. Johannesburg, like many other boom towns, grew rapidly and with little planning, and thus the city covers an extremely large area. The main differences between the city's suburbs tend to be socioeconomic: The north is often associated with wealth due to areas such as Houghton, which boasts large properties and contained the residence of former president Nelson Mandela, and Sandton which has become an alternative business district and is referred to as 'Africa's richest square mile'. The South of Johannesburg is associated with poverty as many former townships fall within this area (orange Farm and Soweto). However, this north/south prejudice is too general as Johannesburg is becoming increasingly less economically segregated. Alexandra township, a low economic area, borders Sandton and the South boasts affluent areas such as the newly developed "Meyersdale Eco Estate" and "Eye Of Africa Golf Estate". Many people see themselves as being a resident of their suburb first and foremost to being a resident of Johannesburg secondarily

Amenities

BP Downtown Filling Station 0.17 km

Engen Minty's Of Market Street 0.35 km

Caltex T/A Caltex Downtown 0.66 km

Gautrain Parking 2.64 km

Gautrain Johannesburg Station 2.02 km

Zuzimpilo Clinic 1.72 km

Life New Kengzinton Clinic 1.83 km

Joburg Medical Centre 2.05 km

SAPS - Jeppe 0.27 km

Metropolitan - Johannesburg 1.79 km

Police Saps - Bank City 1.97 km

Little Roses Day Care and Pre School 0.10 km

Northview High School 0.06 km

Oakdale Secondary School 0.15 km

Jozi Mall 0.38 km

Shopping Centre 0.68 km

Lustre House Retail 0.93 km

Jeppe College 0.59 km

Metropolitan College 0.64 km

Islamic Study Centre 0.68 km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Arts On Main , 4 M2 Highway, City & Suburban - Property Ref: F107049, City & Suburban , Gauteng

AUCTION ADDRESS:
Arts On Main , 4 M2 Highway , City & Suburban , City & Suburban , Gauteng

AUCTION DATE:
2021-05-26

AUCTION START TIME:
14:00

KEY FEATURES

ERF SIZE: 3965m2 | GBA: 110m2

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