Kensington B - Property Ref; f108825

Property
Description

Property Description

This is an outstanding opportunity to acquire a high-exposure commercial property in Randburg, currently trading as an established entertainment venue. Situated in a highly visible location on a 991 m² stand, this versatile asset combines an existing operating business with strong redevelopment and repositioning potential. The property is designed to accommodate high patron volumes and offers ample on-site parking, making it suitable for a variety of commercial applications. It can be retained as a functioning entertainment venue or repositioned for an alternative commercial use, providing the flexibility and infrastructure to support a range of business ventures. Backed by Business 3 zoning, which allows for multiple commercial uses, the property presents an immediate owner-occupier or investment opportunity in a well-trafficked area, together with significant value-add and redevelopment potential. The flexible layout and commercial zoning make the premises suitable for a range of uses, including a restaurant, bar or entertainment venue, a function, event or conference facility, a live-music or performance venue, corporate or co-working offices, a retail showroom, mixed-use commercial development, or a hospitality or leisure destination. The property comprises spacious indoor entertainment areas, well-maintained improvements and excellent accessibility for customers and suppliers, with scope for expansion or redevelopment. This is a rare opportunity to secure a strategically positioned commercial asset that combines an established operating business with long-term capital-growth potential. Please note that the property is sold on the basis of the signed mandate documents; any existing business, licences, permitted uses and redevelopment potential are subject to the relevant municipal approvals, licensing requirements and applicable regulations, and prospective purchasers should conduct their own due diligence.

Features

Stand size: 991 m²

GLA: approx. 500 m²

Zoning: Business 3

Coverage: 50%

Height: 2 storeys

Parking: 10 (secure on-site)

Loading bay / area: Yes

Established entertainment venue with existing business infrastructure: Yes

Spacious indoor entertainment areas: Yes

High-exposure location with excellent visibility: Yes

Well-maintained improvements: Yes

Area Description

The property is located in Kensington B, Randburg, an established commercial and residential node in the north-western part of Johannesburg, Gauteng. The area offers high visibility and strong passing trade, with convenient access to shopping centres, medical facilities and major arterial routes linking Randburg to Ferndale, Cresta and the wider Johannesburg metropolitan area.

Area Amenities

Randburg Square – approximately 0.7 km 

Brightwater Commons – approximately 2.3 km 

Netcare Olivedale Hospital – approximately 5.1 km 

Cresta Shopping Centre – approximately 6.1 km