Property Details
PRIME DOUBLE STOREY INCOME GENERATING COMMERCIAL/INDUSTRIAL PROPERTY in the heart of Benoni measuring approximately about 2838 square meters on mother ERF and 2080 square meters under roof zoned industrial. Calling on all Investors & Business Magnates, this highly sought-after property is situated diagonally opposite the famous Dunlop belting products, Prima Industrial Holdings Pty Ltd and next to Rhino valves. This commercial/Industrial property has 10 (TEN) shops with an income generating capacity of about R40,000 (Forty thousand rand). The property has the potential to be rezoned for mixed use as the first floor can be converted to flats/apartment units. This will increase the property value and its higher yield in generating more rental income. This is an ideal investment for investors looking for a passive income or business owners looking for a huge office spaces and workshops. A unique opportunity to secure this prime freestanding double storey office block and workshops with great exposure and close to the Grand Central airport. It is well located on the busy Lincoln road with easy access onto the major highways.
There is an additional mezzanine first floor offers massive spaces which can be used as a show room, conference area and has its own toilet and kitchen and access for deliveries. There are ample parking bays in front of the building that can accommodate about 21 vehicles.
This property consists of one huge double storey building, which consists of eight separate workshops/ warehouses on the ground floor fully occupied with tenants ranging from a scrap metal business, a panel beater and spray-painting business, a tyre shop, a furniture production factory, aluminium production company, a car mechanic and a consulting company. The current tenants have secure lease agreements in place.
Call Anthony today to avoid disappointment!!!
ADDITIONAL INFORMATION
SS Viewtrade comprises a total of two (2) sections arranged in three (3) buildings, as well as common property. The Scheme is situated on the Remainder of Erf 4448 Benoni South Extension, which mother land size according to the Sectional Plan, as well as the Windeed Enquiry is 2,838m². The subject section (being Section 1) encompass the entire Building 1, advantageously positioned on the stand to directly face onto Lincoln Road. The Participation Quota in the Scheme for the subject unit is 75,7190%.
The subject improvements on the property comprise of a large double-storey mixed commercial/industrial facility. Although the floorplates are identical in size and basic layout, the ground floor has been divided into multiple mini-industrial units (currently configured into 10 units, some of which are interlinked via doorways) whilst the first-floor area offers a predominantly open plan floor area, with an internal staircase access from one of the units, as well as an external fire escape staircase access. The ground floor units, although differing in sizes, mostly feature similar basic configurations which comprise essentially open-plan commercial/industrial workshop areas. Most of the units also include two (2) ablution facilities with a kitchenette area along the back of the units. Some units, additionally, include internal partitions or divisions to create additional workshop, storage and/or office spaces. The first-floor area, essentially open plan, also includes a kiosk section, mostly for administrative purposes, ablutions and a kitchenette, as well as an additional storeroom.
Additionally, the building has a common property structure, registered as a lease area over the property, understood to be a transformer/utility room, as well as a telecommunication structure erected to the east of the building. Additional Features The property further boasts the following
ADDITIONAL FEATURES
: • Roller shutter access doors are fitted to most ground floor units.
• Split-unit air conditioning units installed in office sections.
• Steel security gates and burglar bars fitted in places.
• Alarm systems noted in some units – ownership to be verified.
• Roof overhang and/or coverings along the unit fronts. Construction The building is constructed of rendered and painted walls along the ground floor topped with exposed brick walls along the first-floor extents. The roof is topped with IBR with an extension / overhang, as well.
Property Description Fixtures and Finishes The ground floor units offer essentially similar finishes, comprising brick-tiled floors, rendered and painted walls, and suspended ceiling boards. The first-floor features concrete floors with mostly rendered and painted walls with an exposed steel roof frame fitted with IBR sheets that also extend to the side of the building.
Utilities
All utility services appear to be supplied by Municipality, billed monthly in arrears. Units are separately metered for both electricity and water; however, it is understood that some meters do not work or have been disconnected.
Parking & Yard ±21 x open street front parking bays directly in front of the building along Lincoln Rd. The yard extents are mostly covered with interlocked brick paving throughout. Perimeter & Access The improvements or essentially unbounded, with some neighbouring building walls defining the perimeters in certain sections and some steel fencing or brick walls noted to certain perimeters of the entire combined site. Access to the units is directly obtained from Lincoln Road. The first-floor is accessed either internally from Unit/Shop 10, or via the steel fire escape staircase along the eastern façade of the building.