SOLE MANDATE
Prime Mixed-Use Investment Opportunity | Westonaria
This well-maintained mixed-use building presents an outstanding investment opportunity for discerning buyers. Situated in a busy part of Westonaria, the property offers a strong income stream from day one, with plenty of scope to increase returns further. With a mixture of retail shops on the ground floor, office space on the first floor, and residential apartments on the upper three floors, this property offers a diverse and balanced tenant mix that creates an attractive, sustainable, and cash-generating investment opportunity.
Property Features:
- Ground Floor Retail: Two long term well established businesses with high street visibility, including a national bank and a popular retail store, ensuring steady foot traffic.
- Middle Floor Offices: Currently vacant, these spaces are ideal for conversion into additional residential units or modernised office suites, offering significant value-add potential.
- Residential Apartments: Three upper floors of mostly tenanted residential flats, stylish in their own right and suited to the area. Some units require renovation, offering excellent opportunities for upliftment and higher rental yields.
- Facilities & Maintenance: The building is well cared for, recently painted inside and out. Essential infrastructure is fully functional, including the lift, fire escapes, and hydrant systems, ensuring compliance and tenant safety.
Additional Highlights:
- Steady income from existing tenants, offering immediate income for the new owner.
- Potential for enhanced returns through upgrades and office-to-residential conversions.
- Flexible sale options: available as part of a larger company portfolio including three additional Randfontein shops, or as a standalone purchase. The sellers would prefer to sell the company as a whole, however will be open to selling the buildings individually.
This property combines reliable income with growth potential, making it an ideal choice for investors seeking a functioning, cash-flush asset with upside opportunities in the Westonaria market.
Contact us today to discuss further and arrange a viewing!
