Property
Description
Property Description
Situated in the heart of Edenvale’s bustling main thoroughfare, 48 Van Riebeeck Avenue presents a rare opportunity to acquire a fully-let mixed-use asset in a high-exposure location. The property combines strong residential demand with established retail tenancy, offering both stability and growth potential.
Residential Component
- 80 Bachelor units, varying in size and amenities
- Flexible rental structure aligned to unit specifications
- Consistently high occupancy, reflecting strong demand in the area
Retail Component
- 19 Ground-floor retail tenants, fully let
- Surrounded by complementary retail centres, restaurants, and fast-food outlets
- Excellent visibility and foot traffic on a prime arterial route
Property Features
- Expertly maintained building with modern infrastructure
- Hot water supply supported by 2 heat pumps and geysers
- Recent solar installation enhancing energy efficiency and reducing operating costs
- 45 Secure parking bays for residents and visitors
- 2 Biometric fingerprint access turnstiles ensuring controlled entry and enhanced security
Investment Highlights
- Fully occupied asset with diversified income streams
- Strategic location in Edenvale’s retail and residential hub
- Upside potential for further unit development, enhancing long-term value
- Strong tenant mix and sustainable amenities supporting ongoing demand
Features
80 Residential Units
19 Retail Tenants
Solar Installed
Biometric Access Control x 2
Heat Pumps
45 Parking Bays
Area Description
Located on the main road known as Van Riebeeck Avenue. This property is situated in the heart of Edenvale, one of Johannesburg's well-established suburbs, known for its strategic positioning, Edenvale offers seamless connectivity to major highways, including the N3 and R24, providing easy access to key business hubs such as Sandton, Midrand, and the OR Tambo International Airport. The area boasts a diverse mix of commercial and residential properties, creating a dynamic and thriving environment. Van Riebeeck Avenue is a prominent commercial corridor, lined with various retail outlets, professional offices, and service-oriented businesses, attracting high foot and vehicle traffic.
Area Amenities
Department Of Home Affairs, Edenvale 1,2km
R24 Onramp 1,5km
Dowerglen Plaza 2,2km
Greenstone Shopping Centre 3,8km
Edenvale Hospital 4,9km