Great opportunity to own prime real estate in Mondeor Johannesburg!
The property sits on a sloping stand covering 2 ERF`s that measures over 6200m². Improvements include a partly double story retail center built in the middle of the middle of the stands offering 12 Shops varying in sizes with 2176m² of lettable space and ample parking. 1653m² Tenanted 522m² Vacant This is a fully tenanted retail center available for purchase in the Mondeor area. This would serve best as an Investment purchase. The center has a very attractive Return on Investment, with a Net Annual Income of R2 million. There is also a Net Yield of 14.3%. This property is on a busy road with high exposure and easy access and great visibility, exposure and signage opportunity. It is also easily accessible, with the M1, N12 and major arterial routes situated close by.
Type of Property : Commercial Property
Street Address: 270 Columbine Avenue, Mondeor
Description : Retail
Listing Date : 09 February 2021
Erf Size : 3 507 m²
Rates and Taxes : R 29 253