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Property
Description

Property Description

The property comprises of 692m2 retail and office space, The ground floor is fully tenanted consisting of 6 retail shops and 13 office units the first floor with communal ablutions, a domestic room with a wash area and a storeroom facility. The site offers secure parking in front and at the back of the property. Due to its high exposure location, the site offers excellent potential for signage opportunities. The ground floor retail is fully let with long standing tenants. Tenants have expressed interest to remain in the property over the long term due to the ideal location of the property alongside busy main roads and opposite Lyttleton Mall. The first floor of the property lends itself towards a residential conversion due to its ideal configuration. Natural light flows through the property on all sides. The property generates in NAI of R468 913 , renting out the office component of the property or converting this area to residential units will increase the income of the property considerably.

Features

6 Retail shops

Fully Let Retail

13 Offices

Parking Lot

Long Standing Tenants

Area Description

Centurion, located South of Pretoria, an area comprising of commercial and retail property. Centurion lays claim to quality commercial property such as office blocks and office parks. Retail property in Centurion is prime boasting a regional retail centre such as Centurion Mall and numerous other retail centres accommodating all shopping needs. Property developments in Centurion is plenty, ensuring that the Centurion property market remains competitive and defines market trends. Centurion provides property solutions for investors, owner occupiers and tenants offering large amounts of property to let in Centurion and plenty of property for sale in Centurion. A multitude of road networks contribute to the success of Centurion, ensuring accessibility into Centurion using from Johannesburg using the N1. Centurion can be accessed from Lanseria using the N14. Access to Centurion from the East and West using the N4. Centurion can be accessed from Pretoria North via the R101Another contributing factor to the success of Centurion is the closeness to all local amenities and neighbouring areas. Centurion’s proximate distance to major shopping centres, hospitals, leisure and recreational venues ensure convenience when running errands or when deciding to enjoy life’s pleasures.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
154 Cradock Avenue , Lyttelton Manor - Property Ref: F107955, Centurion, Gauteng

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

AUCTION DATE:
2024-03-27

AUCTION START TIME:
11:00

KEY FEATURES

ERF SIZE: 1586m2 | GBA: 692m2


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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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