Property Details
Back on the market -
Excellent Commercial Property Well-Located In Selby, South Of Johannesburg. Ideal For Variety Of Commercial, Light Industrial Or Retail Uses. And Offering Great Rental Investment Opportunities, Having Solid Multi-Use Features
(Please Note: Description applies to Building 2 as depicted in picture only. Building 1 having just recently been sold by us)
This building has been very well maintained, internally and externally. Most of the available functional spaces being in good operational condition
Situated on a total Erf size of just under 2000 square meters, this double-storey building, offers functional floor space of 3000 square meters, across the two floors. With an additional 300 square meter, high-quality covered loading-bay structure more recently constructed at the back of the building. With 50m x 4m raised loading platform and double-volume roller shutter security doors
Property frontage on Loveday St South – across from an established mine-dump. Meaning less congestion and convenient traffic flow and vehicle access. The property has also been notably enhanced by the fact that the original servitude on which this structure was constructed, has now been legally incorporated into it’s title. Therefore now privately owned by the sellers and – being located as it is in the extensive back servitude – offering notable advantages in terms of parking and vehicle access, convenience and operational security
Frontage however also offers functional and well-secured access off the street, via two industrial-standard roller-shutters. And offers secure access to the fully-enclosed courtyard space, ideally located between the two ‘wings’ of the building. Not only offering additional secure parking, but also functionally separating operations on either side, should this be a requirement. These two wings currently being utilized by separate tenanted operations, as leased by the current owners
So, while functionally offering up to four, effectively self-contained spaces, for separate use or multi-tenanted rental investment, as mentioned, the two sides of the property are separately operated at the moment. On one side an established, productive, light-industrial operation. With a number of offices located on the industrial floor, front and back access and the floor space above it currently vacant. On the other, an industrial skills training facility, utilizing a smart mix of neatly-tiled and finished offices, boardrooms and lecture spaces. As mentioned, separated by the enclosed and fully-secured courtyard
The current condition of this building, being not only well-maintained but also specifically ‘fit-for-function’, offers notable advantages over many area comparisons. Its condition suggesting cost-effective future occupation. It’s also fully alarmed, with solid security on doors and window openings. And offers numerous office and bathroom/toilet facilities
In terms of location, the proximity to the Joburg CBD and effective access to freeways to the South of Johannesburg, in a solidly-established commercial/industrial environment, offers various advantages for a wide variety of commercial, industrial, manufacturing, warehousing or even retail operations. The general access to public transport also being good
A commercial space with great current value and future potential. Brought to market at this very attractive price due to circumstances personal to the sellers
Indication of current rental receipts and other financial indications available in more detail on application by credible-interest enquiries
Asking: R4?950?000