12 Main Road, Melville, Gauteng · Property Auction

Johannesburg, Gauteng · Auction 03 Dec, 12:00 PM

12 Main Road, Melville, Gauteng

Location

12 Main Road, Melville, Gauteng

Analysis

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Improvements

Positioned on a prominent high-street location along Main Road, an extension of Beyers Naudé Drive, this property offers an attractive combination of established rental income, commercial zoning and future development potential. Gross Annual Income: ± R1 036 000 Comprising two adjoining erven with a combined land extent of 1386m², the property includes a double-storey commercial building of approximately 890m², together with a separate erf currently utilised for secure private parking. Prime Main Road exposure with excellent visibility Erf 318 zoned Business 1, allowing for a range of general business, retail and shopping-centre uses Multiple existing tenancies providing an established rental income Double-storey commercial improvements with retail, office/storage and residential accommodation Additional income potential through further letting and rental optimisation Erf 317 provides secure private parking and additional development potential

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Erf size

N/A

Floor size

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Auction date

22 Oct, 10:00 AM

Reserve

Not disclosed