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R 59 000 000

Commercial Property for Sale in Johannesburg Central

Johannesburg Central, Johannesburg

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7 640 m²

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High Performing Building in Johannesburg CBD High-rise.

High-performing asset comprises of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm.

Operating at close to 100% occupancy with strong retail!

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 2 years old.

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Property Overview

Listing Number

113563633

Type of Property

Commercial Property

Listing Date

02 November 2023

Floor Size

7640 m²

Facilities

Bedrooms

Kitchens

Building

Building Name

Magnus

Points of Interest

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