R 6 300 000 | building property for sale in woodstock

Situated in a high foot traffic zone on the bustling Sir Lowry Road, this property presents an opportunity to a wide range of users from galleries & fast food retailers to residential users. The property currently consists of 2 floors, however, another 2 floors can be added as the property has been zoned for Mixed-Use 2. The sellers have obtained plans to create 6 apartments on the first floor and have already sorted out the heritage and land use proposal issues. The ground floor is currently split into 4 retail units, each with self-contained mezzanine studios above each section with spiral staircases and access to the balcony. Each retail unit is equipped with kitchenette and ablution facilities as well as glass shop fronts and pedestrian access which provides great exposure for signage and easy access for passing customers. There is currently a tenant occupying two of the four retail sections and they are paying R26,000.00 per month excl VAT. The property is primely positioned in the rapidly accessible and central part of Woodstock and is within short walking distance to public local transport stations. The area is also easily accessible from all major arterial routes with Searle Street less than 300m away. For more information on this building or others in the vicinity, please contact our team at Annenberg Property Group.