Commercial space in Mayfair
Mayfair, Johannesburg Central, Gauteng
Listed by
Aaliya Ballim
Explore Realty
Details
Income-Generating Commercial property An excellent commercial property investment opportunity awaits in the established and strategically positioned area of Mayfair, Johannesburg.The property comprises a substantial site with 28 versatile commercial units, suitable for storage, stockholding, offices, workshops or a variety of business operations. With a mix of occupied and available units, the property offers an established rental base together with exciting potential for future growth.The current configuration includes 8 ground-floor units, 12 first-floor units and 6 second-floor units, providing a diverse range of options for tenants. In addition, there are 2 dedicated spaces for food caravans, both currently rented out, creating an additional income stream.With 16 of the 28 units currently occupied and the majority of tenants being permanent, the property already generates monthly rental income, while the remaining vacancies provide an opportunity to increase returns and maximise the propertys earning potential.The site also presents potential for further development or redevelopment, making it an attractive proposition for investors seeking both immediate income and long-term growth.Conveniently located with easy access to surrounding commercial and residential areas, as well as major transport routes, this property is well positioned for a variety of commercial uses.Whether youre an investor looking to expand your portfolio or an entrepreneur seeking a property with multiple income-generating opportunities, this is a property with scale, flexibility and room to grow.PROPERTY HIGHLIGHTS- 28 commercial units in total- 16 units currently occupied- Majority of tenants are permanent- Existing monthly rental income- 8 ground-floor units- 12 first-floor units- 6 second-floor units- 2 food caravan spaces, currently rented out- Units suitable for storage and various business operations- Potential for further development or redevelopment- Convenient access to major transport routesTHE OPPORTUNITY IS HERE!Established tenants existing rental income 28 units additional vacant space significant potential to grow your returns.Contact us today to arrange a viewing and explore the possibilities this property has to offer.
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