Property
Description

Property Description

This well-positioned mixed-use commercial property occupies two joined stands on Iris and 1 Stand on Francis Roads, in the heart of Norwood. The property enjoys dual access points, one for pedestrians only on Francis Road and one for both cars and pedestrians on Iris. The property location offers high visibility from both roads, ensuring excellent exposure and accessibility for tenants and clients alike.
The building comprises 15 individual suites, currently accommodating a diverse tenant mix including six medical suites, one design studio, and one nursery school, which occupies most of the available suites, with an available suite offering upside for investors. The configuration lends itself to flexible multi-tenanted occupation, appealing to both healthcare and creative-sector tenants.

Set on a generous 1,485 m² stand, the property provides ample on site parking, a critical amenity for the area’s medical and commercial tenants. The design maximizes natural light and functional layouts while maintaining a professional aesthetic throughout.
With stable tenants and strong demand for well-located medical and professional accommodation in Norwood, this property presents an exceptional opportunity for both investors seeking secure income or developers looking to expand or reconfigure for enhanced returns. This property offers an 11% yield with the current tenants. 

Features

Prime dual-access corner site on Iris and Francis Roads

15 Individually lettable suites

Ample on-site and off-street parking

Excellent road exposure on two busy roads

Secure premises with controlled access

Convenient access to Louis Botha Avenue and major arterials

Situated within a thriving mixed-use node in Norwood

Area Description

Norwood is a well-established, cosmopolitan suburb situated just north of Johannesburg’s CBD. Renowned for its vibrant character and architectural variety, the area combines commercial vitality with a well-rooted residential community. Its central position within Johannesburg’s northern corridor has made it a highly desirable location for both investors and tenants seeking accessibility, diversity, and a lively urban atmosphere.Over time, Norwood has evolved into a thriving business and lifestyle hub, accommodating an assortment of boutique offices, medical practices, creative studios, and service-based enterprises. The suburb’s well-known high street and surrounding nodes create a dynamic environment supported by popular restaurants, cafés, and destination retail outlets. This energy has established Norwood as one of Johannesburg’s most enduring mixed-use precincts, offering consistent foot traffic and stable tenant demand.The suburb benefits from excellent connectivity to major transport routes, including Louis Botha Avenue, Corlett Drive, and the M1 highway, ensuring convenient access to key business districts such as Sandton, Rosebank, Melrose, and the Johannesburg CBD. Its strategic location allows for ease of movement throughout the city, making it ideal for professionals and small enterprises seeking both prominence and convenience.With its balance of established infrastructure, steady rental performance, and continued urban renewal, Norwood remains one of Johannesburg’s most dependable investment locations. The area’s ongoing growth and enduring popularity reinforce its reputation as a prime destination for commercial, mixed-use, and professional developments.

Area Amenities

Norwood Mall – 1.2 km

Louis Botha Avenue – 400 m

M1 Highway – 3.8 km

Rosebank CBD – 5.2 km

Houghton Golf Club – 2.9 km

Melrose Arch – 4.5 km