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Property
Description

Property Description

Block of flats with retail, well-positioned on Corner Joubert & Victoria, Georgetown. Next to the major retail centre - Golden Walk Mall. The building is wholly owned and unsectionalized. It comprises 7 flats and 7 spacious retail spaces. Currently Annual Gross Income R 542.760.00. This property offers an excellent opportunity for asset optimization given its locality in relation to key amenities in the immediate vicinity. 

Features

Commercial Property

7 Flats & 7 Shops

Well Positioned

Stand size 874 m2

Zoning Bus 1

Gross Income R 45.230.00 p.m.

Rates and Taxes R2.742.21

Refuse Collection R 1.488.57 p.m.

Insurance premiums R 1.257.84 p.m.

Repair Provision R 1.666.67 p.m. *

Provision for Audit R 416.67 p.m.*

Well Positioned, Opposite Golden Walk Shopping Centre

Main road exposure

Area Description

Germiston is a small city in the East Rand region of Gauteng, South Africa, administratively forming part of the City of Ekurhuleni Metropolitan Municipality since the latter's establishment in 2000. It functions as the municipal seat of Ekurhuleni, hosting the municipal council and administration.

Amenities

Rand Airport 3.07 km

Total - Georgetown 0.44 km

Caltex High-Performance Motors 0.87 km

S & S Filling Station 0.87 km

MediCross Sunny Ridge 4.81 km

Medical Centre - MediCross 4.82 km

MediCross Germiston 4.84 km

SAPS - Germiston 0.37 km

Sap Airwing 2.36 km

Police SAPS - Airwing 2.90 km

Welding School 0.10 km

Q Training Firearms 0.12 km

Mulani Training Centre 0.13 km

Golden Walk Shopping Centre 0.09 km

Station Bazaar Shopping Centre 0.50 km

Southern Square 0.68 km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Earl's Court , 95 Victoria Street , Georgetown - Property Ref: F106064, Germiston , Gauteng

AUCTION ADDRESS:
Earl's Court , 95 Victoria Street , Georgetown , Germiston , Gauteng

AUCTION DATE:
2021-03-25

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 874m2 | GBA: 835m2

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