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7640 m² Commercial space in Johannesburg Central
Property for sale in Joubert Park
51 magnum, 51 wanderers & devilliers street, JHB
FROM R59,000,000
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This gem of an asset comprises of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm.

Tenants such as Rage and other long standing commercial tenants make up the retail portion of this asset.

A fully let residential element comprising of:

Bachelors 25 units

2 bed – 12 units

3 bed – 30 units

4 beds – 26 units

Total rental income of R722 000 per month and escalations being achieved at 8%.

All residential and retail have prepaid electricity meters.

The property has a fully functional biometric access control system and the lifts are less than 12 months old.

Property Details
Web Ref
20677
Property Type
Commercial
Province
Gauteng
Area
Joubert Park
Floor Size
7640m²
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