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POA

Commercial Property On Auction in Greenside

20-22 Gleneagles Road, Greenside, Johannesburg

1 406 m²
- m²: 1 406 m²
- Hectares: 0.141 ha
- Acres: 0.347 acres

AUCTION

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Gary Brower

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Greenside - Fully Let - Prime Retail

The property at 20-22 Gleneagles Road is located on a prominent main road in Greenside, offering excellent exposure to high foot and vehicle traffic. Spanning an erf size of 1406m² and zoned Business 1, it features a diverse mix of long-standing tenants, including a distribution hub, restaurant, takeaways, ATM, and a smoke shop. The property includes internal parking facilities, double-volume storage spaces, and prepaid water and electricity, simplifying management for tenants and owners. With a net annual income of R1.4 million supported by triple net leases, this low-maintenance asset provides a stable and reliable revenue stream. There is significant potential upside, including the opportunity to pass municipal rates and taxes onto tenants, further improving the property’s income potential. Additionally, revenue can be increased by optimizing underutilized space...