This retail centre is for sale with business 3 zoning. The building under roof size is approximately 2000sqm and the Erf size is approximately 5000sqm. The property is 80% vacant. The building is currently zoned with retail rights. This retail centre is perfect for a reconversion for an owner occupier or redevelopment of the site for a small strip mall.
The site is located close to Republic Road & William Nicol intersection which feeds into the Northern & Western Suburbs from Sandton. The Municipality has developed an overall transportation plan - the Strategic Public Transportation Network (SPTN). This includes the Bus Rapid Transit routes; conventional bus routes; Gautrain bus routes; the East-West Link Route, which has been planned for the future. All of which will aid the developer in a mixed use/residential development of the site. Town planners believe that a development of around 28-30,000sqm is easily achievable and would be welcomed by the Council at this important landmark site.
The corner site adjacent to Erf 485 is also For Sale, should the two erven be combined a total stand size of 7500sqm can be achieved.
Features
Title Freehold
Zoning Commercial
Floor Size 2,000m²
Land Size 5,000m²
Security Yes
Air Conditioning Yes