Business for sale
Own a high-yield urban landmark minutes from Maboneng's creative precinct, set on a heritage site between Troyeville and Kensington, featuring a rentable double-volume auditorium and secure elevator.
Exceptional Investment Opportunity in the Heart of Johannesburg
Discover a remarkable investment opportunity with this stunning building, echoing the architectural elegance of the iconic Carlton Centre, located just a few kilometers away. Situated in the vibrant heart of Johannesburg’s CBD, this property is perfectly positioned on a main thoroughfare connecting the city center to the eastern suburbs of Troyeville, Kensington, and the upscale Bedfordview.
Property Highlights:
- Erf Size: 2438 m2
- Structure: Three floors plus an expansive basement
- Potential Expansion: Zoned for two additional floors to enhance yield up to 20%
- Gross Lettable Area: Approximately 2000 m2
- Operational Elevator and Secure Parking
- Fully Tenanted: Long-standing occupants with secure leases ensure a high yield at the asking price
- Business Zoning: Ideal for education, religious institutions, and more
This property boasts a state-of-the-art, three-story building with breathtaking views and ample office space. Its expansive basement and current zoning allow for potential growth, making it an attractive option for investors. Designed by the same developers behind Africa’s former tallest building, the Carlton Centre, this structure offers both architectural prestige and practical functionality.
Additional Features:
- Double Volume Auditorium: Available for rent, suitable for use as a restaurant, supermarket, conference center, and more
- Utilities: Equipped with 3-phase electricity and a strong room
- Proximity to Key Developments: Walking distance to the Maboneng Precinct and newly developed Jewel City
- Historical Significance: Set on a historical and heritage site bordering Kensington and Troyeville
Secure your investment in a property that promises both high yield and capital growth. With excellent annual net income, this is an opportunity not to be missed. For those seeking a lucrative investment with a promising future, this property is not only a financial asset but also a piece of Johannesburg’s architectural heritage.
Contact us today to learn more about this exceptional offering.
Listed for sale at R8,500,000
Kensington offers a strategically positioned, mixed-use commercial environment with excellent connectivity to Johannesburg's major business hubs, making it an attractive location for small to medium enterprises seeking affordable office and retail space.
