20 121 m² Commercial space in Johannesburg Central

Commercial Portfolio for sale in JNB CBD comprising of three buildings covering a city block, situated on Commissioner Street. Total Lettable property consists of 88 residential flats (1, 2 and 3 bed units to make up 152 rooms in total) 23 retail ground floor shops, and 120 parking bays in a separate new parkade constructed in 2016. 2 Residential Towers comprise of 7 floors and the complex is well maintained and self-managed. Property is currently tenanted and lease expiry profile is between 1-12 months. The buildings are equipped with water storage facilities, and have access to borehole water and an in-house water purification plant (Currently subject to a water use license). LED lighting has been installed throughout the complex. Each retail and residential unit has been equipment with a prepaid electricity meter. Each section has lifts installed. CCTV installed throughout and parkade is fully automated to ensure monthly collection of parkade income. Cell phone towers on rooftop generate further monthly income. This is a sale of a going concern and purchase price is subject to VAT