Johannesburg CBD, is one of the main business centres of Johannesburg. There are significant movements to revive the area. The subject property is located within the area of City and Suburban which is a suburb of Johannesburg. It lies just east of the City Centre. The area is comprised of both a residential and business area. The area that is currently the Central Business District has been the central area of Johannesburg nearly since its inception. Its central location in the city as well as careful planning led to it being chosen as the best location for residential and commercial development. City and Suburban is a thriving business node and offers a wide variety of services.
The subject properties offer seven adjoining erven measuring 4,149 m2 in extent, comprising multiple industrial properties facing Angle and Lower Railway Roads.
The buildings comprise of brick structures or steel structures with brick infill, which have been plastered and painted internally and have a combination of face brick and plastered and painted brick external walls. The buildings have concrete flooring and a combination of IBR and corrugated iron roof.
The entire portfolio is multi-tenanted and the properties hosts of a total of 6 light industrial buildings which have been divided to accommodate the respective tenants. The properties have a variety of double volume workshops and warehouses and some features mezzanine floors. There is a double storey office building on Lower Railway Road (part of Erf 51) as well as communal ablution facilities.
The buildings can be accessed via Lower Railway Road via numerous roller shutter doors as well as on Angle Road via roller shutter doors and a steel sliding gate opening onto the communal open yard space.
The general use across all of these properties is light industrial; warehousing, fitment, mechanical work as well as panel beating.
The properties are versatile in that they can remain in their current form but they offer massive redevelopment potential. The location of these properties are key and offer a variety of possible uses.