AUCT-001951 | On Auction

Mixed Use Investment Property in Rosettenville, Johannesburg

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18 May 2023 | 11:00:00 am

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    2023-05-18 11:00:00
    Mixed Use Investment Property in Rosettenville, Johannesburg

    Mixed Use Investment Property in Johannesburg. 33 Verona Street, Rosettenville, Johannesburg

    Extent: ± 587 m² | 4 Retail units | 7 Residential apartments | Partially tenanted | Potential for further income

    Rosettenville, Gauteng


    This well-appointed property occupies a prime corner position at the corner of Verona Street and Lawn Street within the suburb of Rosettenville. Rosettenville is a diverse and vibrant suburb located in the southern part of Johannesburg. It is a relatively large suburb that encompasses both residential and commercial areas. The location of this property in Rosettenville places it in a convenient and accessible spot, with easy access to major roads and highways. The M1 and N12 highways, two of Johannesburg's major highways, are located nearby, providing easy access to the rest of the city and surrounding areas.

    The suburb is well-served by public transport, with several bus routes and taxi services operating in the area. Additionally, the Johannesburg Metrobus service operates several routes that pass through Rosettenville, providing easy access to other parts of the city. In terms of amenities, there are several schools, hospitals, shopping centers, and parks located nearby. The Johannesburg Hospital Complex, one of the largest healthcare facilities in the city, is located just a few kilometres from Rosettenville. There are also several primary and secondary schools in the area, making it a great location for families with children.

    This property provides an ideal investment opportunity offering a mix of Ground Floor retail premises and First Floor residential apartments. The ground floor comprises of 4 Retail units and 3 garages at the rear. The first floor accommodates a total of 7 residential units made up of both Bachelor apartments and 1-bedroom units ranging from ± 25 m² to ± 30 m² each. The property is currently partially tenanted and offers a gross annual income of ± 343 200.00. the property has the potential for further income should it be fully tenanted.

    Rosettenville is also home to several shopping centres, such as The Glen Shopping Centre, located just a few kilometres away. The center features a variety of stores, restaurants, and entertainment options, making it a popular destination for both locals and visitors.

    Overall, the location of the property at 33 Verona Street, Rosettenville, Johannesburg, offers a convenient and accessible location with easy access to major roads and amenities. Its proximity to several schools, hospitals, shopping centres, and parks makes it a desirable location for families and businesses alike.
    Commercial Type:
    Mixed use Commercial
    Web Reference:
    AUCT-001951
    List price:
    POA
    Address:
    33 Verona Street, Rosettenville, City of Johannesburg Metropolitan Municipality, Gauteng
    Auction Venue:
    Mount Edgecombe Country Club
    Mount Edgecombe
    KwaZulu Natal
    Auction Date:
    18 May 2023 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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