This well-positioned mixed-use property comprises six units—three street-front retail/warehouse units and three light manufacturing units—offering steady rental income with one unit currently vacant, presenting potential for further leasing opportunities.
Location
Situated at 572 Charlotte Maxeke Street, Pretoria West, this property is located in a prominent industrial and retail precinct within the City of Tshwane. The area is recognized for its blend of light manufacturing, retail outlets, workshops, and supporting service businesses, making it an attractive hub for various commercial activities.
Trading Space
The property features three street-front retail/warehouse units, each designed to accommodate retail operations, storage, and distribution activities. These units benefit from high visibility and accessibility, enhancing their appeal to potential tenants and customers.
Warehouse Space
In addition to the retail units, the property includes three light manufacturing units. These spaces are suitable for light industrial activities, providing flexibility for tenants engaged in production, assembly, or similar operations.
Warehouse Volume
The combined warehouse space across the six units offers a total gross lettable area of approximately 2,260 m², providing ample room for various industrial and commercial activities
Development Options
Given the property's configuration and location, there may be opportunities for future development or reconfiguration to maximize rental income or adapt to changing market demands, subject to municipal approvals.
Office Space
While the property does not feature dedicated office buildings, certain units may include small office areas suitable for administrative functions, depending on tenant requirements.
Parking
The property provides nineteen open parking bays, offering convenient parking solutions for tenants and customers. Additional parking arrangements may be possible depending on tenant needs and municipal regulations.
Yard
The property shares open yard space with neighboring buildings, facilitating access to the manufacturing units from both Carl Street and Charlotte Maxeke Street. This shared arrangement enhances logistical flexibility for tenants.
Security
The street-front retail areas are not enclosed, offering visibility and accessibility. The manufacturing side shares unfenced yard/access space with adjacent properties, requiring coordination with neighbors for security measures.
Vehicular Access
The property benefits from dual access points via Carl Street and Charlotte Maxeke Street. It offers 10 street-front parking bays in addition to 9 parking bays in the shared rear space, accommodating various vehicle types and supporting efficient movement of goods and services.
Neighbourhood
Pretoria West is a mature industrial and retail node characterized by a mix of workshops, light manufacturing, automotive services, and retail businesses. The area is evolving, supported by surrounding infrastructure, strong transport links, and nearby amenities, making it appealing for investment in income-earning property.
Tenancy
Currently, five of the six units are occupied, generating stable rental income. One unit remains vacant, offering potential for additional leasing and increased revenue.
Conclusion:
This mixed-use retail and light industrial property represents a rare opportunity to acquire an income-producing asset in Pretoria West. With three street-front retail units, three light manufacturing spaces, dual access, and ample parking, the property offers steady rental income and potential for additional leasing. Don’t miss the chance to secure this well-located commercial property in an established industrial and retail precinct
