Mixed Use Opportunity
Property information
RETAIL INVESTMENT & DEVELOPMENT OPPORTUNITY FOR SALE This unique investment opportunity comprises an income-producing retail asset together with an adjacent development site within one of Johannesburg's most sought-after commercial and residential nodes. Strategically positioned along a prominent arterial route, the properties offer investors a combination of secure income and future development potential. The retail component comprises approximately 1,937m² of gross lettable area and is occupied by a national building supplies retailer, generating a net annual income of approximately R2.54 million and delivering an attractive 9% yield. Positioned within an established retail environment, the asset benefits from strong visibility, accessibility, and a proven trading location. Complementing the retail investment is an adjacent 5,762m² development site, providing significant future upside potential. The site is zoned for residential use and presents opportunities for redevelopment or value-add initiatives, subject to the necessary approvals. Together, these assets offer a compelling opportunity to secure a prime-positioned investment with both immediate income and long-term growth prospects. Property Highlights Retail Investment Property GLA: ±1,937m² National Tenant in Occupation Zoning: Business 1 Net Annual Income: ±R2.54 Million Yield: 9% Prime Retail Location Development Site Land Size: ±5,762m² Residential Zoning Future Development Potential Established Residential & Commercial Node Retail Property Asking Price: R28,200,000 Development Site Asking Price: R10,000,000 Further information available upon request and subject to confidentiality.
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