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POA

Commercial Property On Auction in Johannesburg Central

16 Wanderers St, Johannesburg, 2000, Johannesburg Central, Johannesburg

6 043 m²

AUCTION

Contact Broker

David Dawson

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16 Wanderers St, Johannesburg, 2000

This bustling mixed-use property in the Johannesburg CBD is a prime investment opportunity offering a Gross Annual Income (GAI) of approximately R9,790,273. The building features 92 tenanted apartments alongside large, fully occupied retail outlets, ensuring a stable and diverse income stream. Positioned on a busy corner, it benefits from high foot traffic, with backup power, water systems, and strong security measures in place to ensure uninterrupted operations.

The residential component offers a variety of unit sizes, including 26 x 80 m², 29 x 65 m², 12 x 50 m², 25 x 30 m², and 3 x 22 m² apartments, catering to a wide tenant base. Complemented by four large retail spaces, the property spans 10 floors and is located within a high-demand urban node, making it a strategic acquisition for investors seeking growth and income in a vibrant city center.

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