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Richmond, Johannesburg, Gauteng
ID 1610153

0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
0 Bedroom Property for Sale in Richmond Gauteng
R 6 500 000

0.0

0

805m2

1400m2

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video
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0.0

0

805m2

1400m2

Property features

  • R 6 500 000
  • 0 Bedrooms
  • 0.0 Bathrooms
  • 0 Living Room/s
  • Garage for 0  car/s
  • Rates 
  • No Pets

Property Details

4 Marie Road in Richmond is ideally situated in the heart of Johannesburg's most vibrant student district, just a short distance from key institutions like WITS and UJ, both within a 2 km radius. This property presents a unique chance to manage a peaceful, conveniently located neighborhood retail center in a sustainable and secure environment. With its proximity to campus and located on a bustling main road, this property offers significant potential for growth.

Key Features of the Asset:

  • 10 Bachelor Units

  • 7 Retail Units

  • Security deposits are collected from each tenant (Retail: two months’ rent; Residential: one month’s rent) - No interest is accrued on held deposits

  • All leases are month-to-month, with the exception of the following:

    • Shop 4: Three-year lease, expiring 31/01/2029
    • Shop 5: Three-year lease, expiring 31/01/2029
    • Shop 2B: Lease expiring 30/09/2026

  • Stand Size: 1400 m² (Extent)

  • Gross Lettable Area (GLA): 805 m²

  • Zoning: Commercial (Mixed Use)

  • Income: R1,695,435.24 per annum

  • Total Expenses: R373,889.38 per annum

  • Net Income: R1,321,545.87 per annum

  • Rental guarantee for one year on residential units

  • Rates & Taxes: R7,307.76 per month

O-YES Auctions

0115402660
[email protected]
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