A charming 3 Separate Block Property
Description
4 / 5 year lease in place generating a total of R 236 526 p/m ( Property Isn’t Fully Occupied). Agreements are until 2029 -2030.
This charming 3 Separate Block Property within a 2800 Sqm premises, this property is well situated and offers a vast variety of potential opportunities as these gem of a property is currently zoned Business 4, subject to
Amendment Scheme 2512.
Centrally within 2km from the Gautrain bus stop, public transports and easy access to Melrose, Mandela Square and highways
Offering :
Maximum height : 2 Storey
“special rights”. There is a
“basket of rights”, restaurants, place of instruction, doctor consulting rooms etc.
In terms of the City of Johannesburg Land Use Scheme, 2018, the Business
4 use zone permits Offices as the primary land use right.
Accordingly, prospective purchasers can be advised that restaurant use is capable of being approved on the property under the current zoning framework, subject to the usual municipal consent/approval requirements
and compliance with any property-specific conditions applicable to the
erf.
In summary:
* Council will support (when we engaged them 2 years ago) for additional bulk
* Current Bulk available – approx 300sqm that can still be added.
* Current zoning: Business 4
* Restaurant use (Yes):
* Provided for under the applicable land use scheme when the rights were assigned pre 1990.
Place of instruction, place of amusement, dwelling units, religious purposes, shops, restaurants, car sales lot, motor showrooms, special building, public or private parking area residential buildings, child care centre.
Contact us today to close in your next venture.
Address
-
Address Illovo
-
Country South Africa
-
Postal code/ZIP 2196
Overview
- Property ID 9453
- Price R41,800,000
- Property Type Commercial
- Property status For Sale
- Size 2,800 m2
- Label Sale
Walk Score
Contact
ANDRE MUAMBONGUE
Property Agent