Property features

R3 199 000

Property Details

A very well positioned commercial block of retail shops located on the busy main road of Albertini Sisulu - close to Ellis Park and the Johannesburg CBD. This well managed block consisting of 14 individual shop space with 7 tenants occupying all this space - all shops with main road frontage. The tenancy is stable with shops currently ranging from a glass company, wheel alignment , car accessories and a roofing company. The rental income solely is approximately R46 000 per month - with potential to increase this. There is pre paid electricity and additional separate ADMIN fee LEVIES -which would increase the income to about R 85 000 (approximate values). A very good investment opportunity. 14 Shops with main road exposure Currently all shops let Located on the main road connecting the CBD to the East Great central location Excellent rental income