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Property
Description

Property Description

An opportunity exists to purchase two adjacent properties in New Centre, Selby, Johannesburg, this is a going concern business in Johannesburg’s inner-city, with low risk, a fixed return on investment, and proven income from Day 1. In an increasingly crowded real estate market, the uneven development of the self-storage industry is an opportunity with high potential. It is a solid, recession-proof investment with a diversity of income streams meaning lower risk and better surety of income. The storage business provides resilient cash flow, but most importantly, optimizes and maximizes yield per meter. Should vacancies in the building increase, there is an opportunity to install more storage units. Currently, floors 2 + 4 are fully converted into 352 storage units. Offering safe, secure, convenient storage and warehousing units, has a proven track record, and delivers ROI with little effort. The business is running at 90% occupancy, with a 60/40 tenancy split between individuals, syndicates, organisations, and corporates.

Outdoor Features: Generator Amps, kW, service history 3m length freight/goods lift security CCTV

Features

Security CCTV

3m length freight/goods lift 

Generator 

Going concern business with a track history 

Parking

Pallstate 28 basement and 6 open 

Yodata  60 basement  and 14 open

Area Description

Johannesburg, a major city in Gauteng, comprising of commercial, retail, residential and industrial property. Johannesburg lays claim to a prestigious commercial property such as office towers, office blocks, and office parks. Retail property in Johannesburg is prime boasting a super-regional retail centre such as The Mall of Rosebank and numerous other retail centres accommodating all shopping needs. Johannesburg has become a development hot spot with numerous property development projects ensuring the Johannesburg property market remains competitive and defines market trends. The area provides property solutions for investors, owner-occupiers, and tenants offering large amounts of property to let in Johannesburg and plenty of property for sale in Johannesburg. A multitude of road networks contributes to the success of Johannesburg, ensuring accessibility into Johannesburg using the M1 North & M1 South, using N1 North & N1 South. Johannesburg can be accessed from the East using the N3, N12, R24, and M2. Johannesburg can be accessed from the West using the N1 and N12. Many arterial routes run through the heart of Johannesburg, allowing convenient inner-city commuting. Another contributing factor to the success of Johannesburg is the closeness to all local amenities and neighbouring areas. Johannesburg’s proximate distance to major shopping centres, hospitals, leisure, and recreational venues ensures convenience when running errands or when deciding to enjoy life’s pleasures.

PLEASE NOTE THAT THIS AUCTION WILL RUN FROM THE 30 MARCH 2021 @ 14:00 UNTIL THE 31 MARCH 17:00

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
1 Bitcon Road, New Castle Selby - Property Ref: F106092, Johannesburg , Gauteng

AUCTION ADDRESS:
ONLINE ONLY

AUCTION DATE:
2021-05-05

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 6962m2 | GBA: 18865m2

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