Property
Description

Property Description

This fully tenanted 7-unit retail strip in Newtown, Johannesburg, offers a strong income-producing investment with reliable tenants and zero vacancies. Each unit is equipped with prepaid electricity, reducing landlord exposure to utility costs. The property benefits from main road exposure and highway visibility, providing excellent signage potential and continuous high traffic flow. A reputable hardware store serves as the anchor tenant, attracting steady customer activity. All tenants have indicated a willingness to renew leases, ensuring income stability and supporting a high-yield profile with further upside from enhanced branding and frontage opportunities.

Features

7 erven 4 790m²

Prepaid electricity meters

GLA ±7 500m²

Highway exposure

On the main road in Newtown

On a public transport node

Area Description

Newtown forms part of Johannesburg’s inner-city business and cultural precinct, positioned just west of the CBD. The area has evolved into a high-activity commercial node supported by a strong mix of retail, light industrial, and office tenants. Its proximity to key arterial routes, including the M1 and M2 highways, ensures excellent accessibility for commuters, logistics, and retail operations. The node experiences consistently high foot traffic, driven by a dense surrounding workforce, nearby transport hubs, and a large residential catchment in the adjacent suburbs of Fordsburg, Braamfontein, and the CBD. This pedestrian movement sustains demand for convenience retail and service-oriented businesses throughout the week. Ongoing urban renewal initiatives and the area’s established infrastructure continue to attract private investment and owner-occupier businesses, reinforcing Newtown’s position as a vibrant, income-generating commercial hub with strong long-term leasing fundamentals.

Area Amenities

M1 North                          0.15km

Mary Fitzgerald Square   0.14km

Museum Africa.                0.15km

Oriental Plaza                   0.5km