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R 59 000 000 | retail property for sale in johannesburg

Property Description

This gem of an asset comprises of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm. Tenants such as Rage and other long standing commercial tenants make up the retail portion of this asset. A fully let residential element comprising of: Bachelors – 25 units 2 bed - 12 units 3 bed - 30 units 4 beds - 26 units Total rental income of R722 000 per month and escalations being achieved at 8%. All residential and retail have prepaid electricity meters. The property has a fully functional biometric access control system and the lifts are less than 12 months old.

Property Details

Purchase PriceR 59 000 000

Building Size7640 m2

Price Per SQMR 7722 m2

Type of PropertyRetail

Last Updated04 Nov 2021

Property Location

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Neil Eliason


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