Pomona, Kempton Park, Gauteng ID 1289619
Retail
19953m2
PROPERTY FEATURES This property comprises of land measuring 19 953m2 and 9 fully let retail shops facing the very busy Pomona Road and extending to Rokewood Steet. This property has excellent redevelopment potential to build more retail, residential or industrial space. The asking price for the property measuring approximately 19 953m2 is R25 000 000, which equates to R1 252 per m2. Pomona is situated in the Northern part of Kempton Park, Gauteng, making it a convenient location, with easy access to major transportation routes. Pomona has undergone significant development, particularly since 2015 and is now a major industrial hub, with numerous warehouses and international forwarding. This property is approximately 5 km from O.R. Tambo Airport and about 500m from the R21 Freeway. CURRENT INCOME - Gross Annual Income: Approximately R2 400 000 - Gross Annual Expenses: Approximately R720 000 - Net Annual Income: Approximately R1 680 000 CURRENT TENANTS 9 FULLY LET RETAIL SHOPS INCLUDING; - Tyre Shop - Fast Food Outlet - Sports Bar - Signage Company - Auto and Truck Parts Business - Workwear Outlet - Supermarket - Auto Shop - Clothing Store FULLY LET YARD SPACE INCLUDING; - Recycling - Gas Filler - Pallets Manufacturing - Cash for Scrap - Truck Parking Area
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