Newlands - Property Ref: f108836

Property
Description

Property Description

Prominent Main Road Retail & Redevelopment Opportunity. The improvements are presently in derelict condition and will require refurbishment. The property occupies a well-established commercial position surrounded by a range of existing retail and service-orientated businesses. - Main Road frontage/high-traffic arterial position - Double stand: approximately 990m² - Approx. 706m² GLA - Business 1 zoning - Four retail shopfronts - Multiple storerooms - Partially tenanted on a month-to-month basis - Pre-paid electricity - Two roller shutters for the shop fronts - Existing mixed-use configuration Refurbishment/redevelopment opportunity

Features

Total Number of Units: 4

Vacancy Rate: 75 %

Lease Terms: month-to-month

Zoning: Business 1

Stand size: approximately 990 m² (double stand)

GLA: approximately 706 m²

Four retail shopfronts

Multiple storerooms

Two roller shutters for the shop fronts

Pre-paid electricity

Existing mixed-use configuration

Main Road frontage / high-traffic arterial position

Area Description

Newlands is an established, older residential and commercial suburb in the west of Johannesburg, within the Randburg area of the City of Johannesburg, Gauteng. The suburb sits along the busy Main Road arterial and is characterised by a mix of retail, service-orientated and residential uses, with strong pedestrian and vehicular traffic supporting street-front commercial trade. The subject property enjoys a prominent, high-traffic Main Road position surrounded by established retail and service businesses, and is well connected to the surrounding arterial and highway network, including Ontdekkers Road, Beyers Naudé Drive and the nearby N1 and M1, giving convenient access to the Johannesburg CBD, Auckland Park, Northcliff and the greater west of the city. The location offers a well-established commercial trading position with strong redevelopment and value-add potential.

Area Amenities

Newlands Centre (shopping) – approximately 0.3 km

Laerskool Esperanza (primary school) – approximately 0.7 km

Auckland Park – approximately 3.4 km

Johannesburg Surgical Hospital, Northcliff – approximately 4.2 km

Westgate Shopping Centre, Roodepoort – approximately 11.6 km