Multi-tenanted retail property in Fordsburg

Posted On Tuesday, 30 August 2011 02:00 Published by eProp Commercial Property News
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A prominently situated retail property on Main Reef Road in Fordsburg, featuring a number of tenants, is set to fall under the auctioneer’s gavel during this month’s Commercial Multiple auction.

Property-Housing-ResidentialThe property is situated on the corner of Terrace and Main Reef Roads, and occupies a high exposure location as a result of the large traffic volumes experienced by Main Reef Road. The Oriental Plaza is situated within walking distance of the property, and the Johannesburg CBD is situated within extremely close proximity, approximately 2, 3 kilometres away.

The single storey property extends over a GLA of 2637 m², and has the potential to produce a gross annual income of R1.8 million. Some of the property’s tenants include Cell Phone Corporation, Calicos Trading, Premier Autohaus and West End Cycles.

Comments Warren Aronson of Auction Alliance, “Based on the current demand for yield producing properties across the country, this property presents investors with a first-rate investment opportunity. In addition, its premier, high visibility location enhances its appeal as an opportunity not to be missed”.

Last modified on Tuesday, 10 June 2014 09:35

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