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RETAIL BUILDING | THREE STORES | RENTAL INCOME | EXPANSION OPPORTUNITY | SOLID INVESTMENT | RENTAL ROOMS
Property Overview:
- ERF: 1980
- ERF Area: 919 m2
- Building Area: 800 m2
- Zoning: Business
Store Types:
- Convenience Store : Sale of convenience goods and small food take away
- Tyre Store: Retail trading in tyres
- Bar and Kitchen : Bar and Kitchen
- Store Hours : 8am - 8pm Stores and 10am - 2am Bar
Rental Details:
- Rental Rooms: 13
- Store Rentals
- Central Location: Yes
- Transport Access: Taxi, Bus, and e-hailing
- Rental Income per Month: R57,[hidden]
- Recovery of Water and Electricity Monthly: R9,[hidden]
Location Details:
- Area: Orange Grove
- Main Road Access: Louis Botha Avenue
Opportunities for Development:
- Development of More Rooms to Rent
- Development of Additional 2nd Storey
- Gaming and Betting
- Entertainment
Description:
Discover an unparalleled investment opportunity in the heart of Orange Grove, Johannesburg. This well-appointed property boasts a Business Zoning, diverse store types, and 13 rental rooms generating a substantial monthly income of R57,[hidden] Explore the potential for future developments and capitalize on the unique features this property has to offer.
Key Features:
Central Location: Nestled in the vibrant Orange Grove, this property enjoys a central location, making it an attractive hub for business activities and attracting a diverse clientele.
Transport Access: Seamlessly accessible via taxi, bus, and e-hailing services, the property ensures ease of commute for both customers and residents alike.
Main Road Access - Louis Botha Avenue: Situated along the renowned Louis Botha Avenue, the property benefits from high visibility and exposure, enhancing its potential for business growth and attracting foot traffic.
Opportunities for Growth:
Room Development: The property offers the potential for expanding rental income by developing additional rooms, catering to the growing demand for accommodation in the area.
2nd Storey Addition: Consider the addition of a second storey to maximize available space, offering an ideal opportunity for businesses seeking to enhance their operations.
Diverse Usage: With Business Zoning, explore diverse usage options such as gaming and betting establishments or entertainment ventures, tapping into the varied needs of the local community.
Financial Highlights:
Rental Income: The property currently generates a monthly rental income of R57,[hidden], providing a stable and attractive return on investment.
Utilities