Property
Description
Property Description
Positioned directly on a prime commercial arterial route, this mixed-use asset presents a versatile redevelopment project for investors, developers, or owner-occupiers. Situated on a spacious double stand with main road exposure, the property offers a combination of ground-floor retail shopfronts and backyard residential quarters.
The premises are partially tenanted on a month-to-month basis with a vacancy rate of 75% across the four retail units. No lease agreement, rental escalation rate, or deposit details are available for the occupied unit. The property is sold subject to the existing tenancy.
- Main road frontage/high-traffic arterial position
- Four retail shopfronts and multiple storerooms
- Double stand: approximately 990m²
- Approximately 706m² G.L.A
- Pre-paid electricity
- Business 1 zoning
- Partially tenanted on a month-to-month basis
- Two roller shutters for the shop fronts
- 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