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Property
Description

Property Description

The property at 20-22 Gleneagles Road is located on a prominent main road in Greenside, offering excellent exposure to high foot and vehicle traffic. Spanning an erf size of 1406m² and zoned Business 1, it features a diverse mix of long-standing tenants, including a distribution hub, restaurant, takeaways, ATM, and a smoke shop. The property includes internal parking facilities, double-volume storage spaces, and prepaid water and electricity, simplifying management for tenants and owners. With a net annual income of R1.4 million supported by triple net leases, this low-maintenance asset provides a stable and reliable revenue stream. There is significant potential upside, including the opportunity to pass municipal rates and taxes onto tenants, further improving the property’s income potential. Additionally, revenue can be increased by optimizing underutilized space and leveraging the property’s prime road frontage for strategic signage.

Features

6 Long Standing Tenants

NAI ±R1,4m

Triple Net Leases

Zoned: Business 1 

Internal Parking

Prepaid Water and Electricity

Potential Revenue From Signage

Area Description

Greenside is an established and thriving suburb in the northern region of Johannesburg, renowned for its vibrant mix of residential and commercial developments. The area is characterized by tree-lined streets, a strong community feel, and an eclectic mix of dining, retail, and lifestyle offerings, making it a sought-after destination for both residents and businesses. Greenside's strategic location offers seamless connectivity to major roads, including Gleneagles Road, which serves as a key thoroughfare connecting the suburb to neighboring areas such as Parkhurst, Emmarentia, and Rosebank. Properties along this main road benefit from prime exposure, attracting significant foot and vehicle traffic that enhances the visibility and accessibility of businesses. 

Area Amenities

Petrol Station 0,3Km

Village Green Shopping Centre 0,2Km

Madrassah Islamia 0,5Km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
20-22 Gleneagles Road , Greenside - Property Ref: f108380, Johannesburg , Gauteng

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

AUCTION DATE:
2025-02-20

AUCTION START TIME:
11:00

KEY FEATURES

ERF SIZE: 1406m2


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AuctionInc - Residential Sales Manager - Gary Brower
Gary Brower
Residential Sales Manager

M: 082 352 5552

E: garyb@auctioninc.co.za

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