Fully Tenanted Commercial Investment - Newtown - 4 Units
OWNER ASKING R2,199,000
NEGOTIATING OFFERS FROM R1,799,000
Janowers Buildings, completed in 1913, stands at 50 Gwigwi Mrwebi Street in the heart of Newtown, Johannesburg. A fully tenanted commercial investment - four units on a single freehold title - producing immediate rental income for an investor.
The investment
- Four commercial units on a single 684 square metre freehold erf (Erf 109)
- Fully tenanted - income-producing from day one
- Sold as a going concern - 0% VAT and NO transfer duty for a VAT-registered purchaser
- Established commercial investment
- Full rent roll, lease detail and operating figures available to qualified buyers under NDA
The building
- Four commercial units, three with basements suitable for workshop, storage or stock
- Shared internal courtyard
- Shared ablution facilities
- 1913 heritage facade with carved signage pediment
- Industrial use category
The location
- 170 metres from Newtown Junction Mall
- Walking distance to the Market Theatre, Museum Africa, Sci-Bono Discovery Centre and Mary Fitzgerald Square
- Close to Park Station and the inner-city transport interchange
- Established commercial precinct
The deal
- Net of VAT. Sold as a going concern, zero-rated for VAT (0%) to a VAT-registered purchaser.
- Non-VAT-registered purchasers: price plus VAT.
- No transfer duty applies to a going-concern supply.
- Full financial detail available to qualified buyers under NDA.
Contact Brett Lensvelt, Rockstar Realty.