Johannesburg CBD - Property ref: f108823

Property
Description

Property Description

200 Lilian Ngoyi Street, Johannesburg CBD Total GLA 1343 m² Occupied 1315 m² Strategically positioned at 200 Lilian Ngoyi Street, formerly Bree Street, this income-generating commercial property offers excellent visibility and exposure in a high-traffic Johannesburg CBD location. Situated directly opposite the Bree Street Taxi Rank and within close proximity to FNB Bank City, the property benefits from substantial pedestrian and vehicular traffic. Key Investment Features Prime Location: High-exposure position along Lilian Ngoyi Street in the Johannesburg CBD. Established Anchor Tenants: Capitec Bank, occupying 238 m² GLA, and Supabets, occupying 595 m² GLA, are the major tenants within the building. Established Rental Income: All tenants hold leases and are reported to be up to date with their rental payments. Historically Low Vacancy: Vacancy levels have remained close to zero during the current owners’ period of ownership, supported by the building’s prominent location and tenant exposure. Additional Advertising Income: A rooftop advertising banner generates supplementary revenue, leveraging the building’s high visibility and substantial passing traffic. Established Tenant Base: The property has maintained an established occupancy profile over a number of years.

Features

Air Conditioning: Yes

Loading Bay / Area: Yes

Total Number of Units: 4

Vacancy Rate: 2 %

Anchor Tenant Present: Yes

ATM on Site: Yes

Property Potential: Signage / Billboard Opportunity, Lease Renewal Upside

Tenant Mix: Banking, Fashion & Sports betting

Anchor tenants: Capitec Bank (238 m² GLA) and Supabets (595 m² GLA)

Zoning: Business 1

Stand size: 1 020 m²

GLA: 1 400 m² (description: total 1 343 m², occupied 1 315 m²)

Floor Area Ratio (FAR): 4

Coverage: 100%

Financials: Monthly rental R224 005; Monthly NOI R205 943; Annual gross income R2 688 060; Annual NOI R2 471 316

Area Description

The Johannesburg CBD is the historic commercial and financial heart of Johannesburg, in Gauteng, and remains one of the busiest pedestrian and transport nodes in South Africa. The Lilian Ngoyi Street (formerly Bree Street) corridor is a high-traffic retail and transport spine, anchored by the Bree Street Taxi Rank, one of the largest taxi interchanges in the city, and surrounded by banks, retailers and offices. The subject property enjoys a prime, high-exposure position directly opposite the Bree Street Taxi Rank and within close proximity to FNB Bank City, benefiting from substantial foot and vehicle traffic. The location is exceptionally well served by public transport, including the taxi rank, Park Station and the surrounding bus and rail network, and is well connected to the M1 and M2 motorways, giving ready access across the greater metro. The combination of intense pedestrian flow, established retail trade and strong transport connectivity makes it a prime location for a high-exposure retail investment.

Area Amenities

Bree Street Taxi Rank (directly opposite) – approximately 0.2 km

FNB Bank City – approximately 0.2 km

Newtown Junction Mall – approximately 0.6 km

Johannesburg Park Station – approximately 0.6 km

Carlton Centre – approximately 1.0 km