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Property
Description

Property Description 

The subject property is situated on the corner of Louise & Marais Street, Monavoni, Centurion, and primely situated in the developing Monavoni retail and residential node in proximity to all complimentary amenities, and therefore the demand for prime property by far outweighs the supply. The property is earmarked for residential development as per the SDP and could yield 120 units (50sqm) with an average rental of R6000 per month and the necessary council approvals and groundwork have already been conducted which contributes to an expedited development phase. As per the aforementioned abridged overview, this development opportunity provides investors with maximized yield and guarantees a high occupation ratio.  

Area Description                         

Raslouw and Monavoni area in Centurion are mainly agricultural suburbs situated between the R55, M10, Ruimte Road (R114), and Gouws Street. In the ’80s-’90s it was situated just outside the then “booming” outskirts of Centurion and was considered the suburb with the “country life” feel, but the convenience of having all the beneficial commodities of a “city life” close by. Although this remains, it is no longer situated on the “outskirts” of Centurion and consequently, the surrounding areas have drastically evolved with residential/commercial/retail developments and infrastructure expansion. The suburbs mainly consist currently of small to medium residential agricultural holdings, but light small business enterprises also co-exist. An analysis of the surrounding area shows that low-medium housing schemes spilled over into suburbs like Thatchfield (Southwards), and Amberfield (Southwards). These continuous developments contributed to the development of two existing Regional Shopping Centers (Mall@Reds and Forest Hill) and four existing Lifestyle Centers (Raslouw, Celtisdal, Willem Botha, and Mall@55); all in close proximity. There are additional developments consisting of retail, residential and commercial, currently being planned for the corner of Phillirene and Ruimte Road. The current road infrastructure is constantly being upgraded and provides easy access to the N14 (East-West) and via the R55 (North-South). The average commuter travel 30minutes to and from work with easy access to the Centurion CBD, Midrand, Kyalami, and the Pretoria CBD via the M10 and N1. Recently there has been a high-end expansion in the suburbs with estates. This Properties both commercial and residential in Centurion will always be in high demand because of its centralized location and continuous growth in the last 25 years. Future developments and expansions can only continue going West (Monavoni) (North of the N4 and South of the R55) and are easily observed, looking at how the areas and infrastructure surrounding Raslouw/Monavoni is evolving.

 Amenities

Nicoline Nursery School 2,06Km

Curro Thatchfield 2,10Km

Senaoane Secondary School 0,97Km

Forest Hill Mall 0,67Km

Nyama Galore shopping Centre 1,94Km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
65 Marias Street, Monavoni- Property Ref: F107196, Centurion , Gauteng

AUCTION ADDRESS:
ONLINE ONLY

AUCTION DATE:
2021-09-22

AUCTION START TIME:
11:00

KEY FEATURES

ERF SIZE: 16485m2


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