SOLD
SOLE MANDATE
Web Ref CL14265
R4,500,000
1 Buffshelf
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One Of A Kind Free-standing Building With Maximum Exposure
This stand-alone Mixed-Use building consists of approximately 330sqm over 2 floors. The ground floor is best suited to retail and was previously occupied by a restaurant so it still has all water, gas and extraction points. The first floor is currently set up as trendy studio offices, however, it can be converted into residential for a user that would like to occupy the entire building and 'work from home.' Both floors can be rented out separately with separate secure access. The building has great exposure onto Albert Road and boasts male and female ablutions with a shower, secure roller shutter doors covering the shop fronts, an alarm system, a kitchen and 2 small balconies, to name a few. There is also some yard and a tandem garage that has been converted into 2 studios and storage space.
There is currently a good tenant occupying the entire building and they are paying R24,300.00 per month(Excl. VAT) which presents investors with an opportunity to zero-rate the transaction, the current lease expires on 30 June 2025 and has an 8% escalation. The highly sought-after Woodstock industrial/retail node is rapidly accessible from all major nearby arterial routes and is in close proximity to all public transport stations. Please call the Annenberg area specialist for more information.
There is currently a good tenant occupying the entire building and they are paying R24,300.00 per month(Excl. VAT) which presents investors with an opportunity to zero-rate the transaction, the current lease expires on 30 June 2025 and has an 8% escalation. The highly sought-after Woodstock industrial/retail node is rapidly accessible from all major nearby arterial routes and is in close proximity to all public transport stations. Please call the Annenberg area specialist for more information.
Features
Zoning
Commercial
Title
Freehold
Floor
1
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Exterior
Security
No
Parking Bays
Covered Parkings
2
Sizes
Floor Size
330m²
Land Size
212m²
STREET MAP
STREET VIEW
