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Passive income opportunity in Randfontein's bustling commercial heart just off Station Street, featuring three separate retail units with large shopfronts, roller shutters and two tenanted, one refurbished.
Investment Opportunity! 3 Shops on One Erf in Randfontein
An excellent opportunity awaits investors with this solid commercial property in the heart of Randfontein. Positioned just off busy Station Street, this erf has been smartly divided into three separate retail units, each designed for functionality and business growth.
Property Features:
Three Retail Shops: Two of the three shops are currently tenanted, providing immediate rental income. The middle shop has recently been refurbished and is ready to welcome a new tenant.
Practical Layout: Each unit includes its own kitchenette, with communal bathrooms available outside for tenant use.
Utilities: All units are fitted with prepaid electricity, ensuring easy management and lower overheads.
Well-Presented Building with lots of potential: The exterior showcases a durable face-brick finish with a distinctive green canopy façade, offering both character and street presence. Large shopfront windows enhance visibility for tenants, while secure roller shutters and gates provide peace of mind.
High-Exposure Location: Situated in a bustling commercial node, this property enjoys strong visibility and access, ensuring steady foot traffic and customer flow.
Additional Highlights:
Immediate, reliable cash flow from day one with existing tenancies.
Potential to expand income with the freshly refurbished vacant shop.
Flexible sale option: Available as part of a larger company portfolio which also includes a commercial building on Edward Street in Westonaria. This property features a 5 story building with the ground floor holding two retail shops, the second floor featuring office space, and the top three floors featuring residential apartments. Investors are encouraged to purchase the company as a whole, however, the seller will be willing to sell this property as a standalone purchase.
This property is the perfect combination of current income and future growth potential, making it an ideal choice for savvy investors seeking solid returns in Randfontein’s thriving business hub.
Contact us today!
Listed for sale at R2,500,000
Randfontein Central offers a mix of established residential areas and commercial activity, providing a convenient lifestyle with access to essential amenities and services.
* Distances and amenities are approximate.
