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POA

Commercial Property On Auction in New Doornfontein

55 Van Beek St, New Doornfontein, Johannesburg, 2094, South Africa, New Doornfontein, J...

1 861 m²

AUCTION

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David Dawson

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55 Van Beek St, New Doornfontein, Johannesburg, 2094, South Africa

Located in the bustling heart of Maboneng, this fully tenanted retail property thrives on high foot traffic generated by its prime position adjacent to a major taxi rank. Boasting a Gross Annual Income (GAI) of R1,515,337, the property offers an attractive investment with long-standing tenants secured on leases expiring between 2027 and 2029. The single-storey retail layout combined with available bulk presents exciting possibilities for future development, all within 1 km of Ellis Park Rugby Stadium, a landmark attracting consistent visitor activity.

Comprising nine tenants, each with their own generator, the property ensures uninterrupted operations and minimized landlord responsibilities. With its strategic location, reliable income stream, and development upside, this asset provides a rare opportunity to secure a stable, high-performing investment in the heart...