Commercial Property in New Redruth For Sale

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38 Penzance Street, New Redruth, Alberton

Description

excellent business opportunity

PREMIUM MIXED-USE INVESTMENT - MODERN LIVING MEETS STRONG COMMERCIAL RETURNS

The purchaser price of R11 000 000,00 is VAT inclusive.

This exceptional property offers a rare, fully integrated mixed-use investment opportunity, combining modern, high-demand residential units with strategically positioned, income-generating business premises-perfectly suited for investors seeking diversified income streams and long-term capital growth. 

The property boasts a 100% occupancy rate, reflecting its strong rental demand and stable income stream. This fully tenanted asset presents an excellent opportunity for investors seeking immediate returns and long-term growth.

LOCATION AND STRATEGIC VISIBILITY

Situated in a prime and highly sought-after location, both from a business and residential perspective, it is set within a prestigious neighbourhood, renowned for its exclusivity, safety, and well-maintained surroundings-making it an ideal environment.

Its strategic positioning ensures easy access to major routes, amenities, and commercial hubs, making it equally attractive for residential use or business opportunities.

BUSINESS UNITS - PRIME COMMERCIAL INVESTMENT OPPORTUNITY

This well-positioned commercial component offers a strong, versatile investment opportunity consisting of multiple under-roof business units designed to accommodate a range of business operations. 

The property comprises:  

  • 1 x business unit of 180m²  
  • 3 x business units of 78m² each (total 234m²)  
  • Total of 4 business units with a combined floor area of 414m² under roof  

Key features:

The layout provides excellent usability and tenant appeal, with practical unit sizes suitable for various commercial applications, allowing for diversified income streams or flexible leasing options.  

  • Multiple units enabling diversified rental income 
  • Dedicated parking bays directly in front of the business premises
  • Abundant open parking available along both streets surrounding the property, ensuring easy access for clients, staff, and visitors  

This commercial offering presents an excellent opportunity for investors seeking a low-risk, multi-tenanted income-generating asset in a highly accessible and practical business environment. 

RESIDENTIAL UNITS

Residential Component - Modern, High-Demand Living 

The property features units tailored for comfort, style, and consistent tenant appeal. 

· 12 beautifully designed one-and-a-half-bedroom units (68m² each) and 

· 6 beautifully designed two-and-a-half-bedroom units (78m² each)  

· The residential units comprise approximately 1 284m² under roof 

Each unit offers:

  • Exceptionally spacious, open-plan living, integrating lounge and dining areas  
  • Enclosed balconies extending the living space could also be used as an additional smaller bedroom 
  • All units have scenic mountain views
  • North-facing orientation, ensuring warm, light-filled interiors year-round  
  • Generously sized bedrooms for optimal comfort  
  • Modern bathrooms (bath, basin, and toilet), finished with elegant earthy-toned tiling 
  • Stylish kitchens with matching high-quality finishes  
  • Fully tiled interiors with durable, low-maintenance modern flooring 

PENTHOUSE 

A standout feature of this offering is the corner two-and-a-half bedroom unit, designed in a distinctive penthouse style, featuring an additional exceptionally spacious open patio/balcony. This expansive outdoor area significantly extends the living space, making it ideal for entertaining, relaxing, or simply enjoying the surrounding views and natural light, making it a rare and highly attractive option within the development. 

PRIME LOCATION - EXCEPTIONAL CONVENIENCE AND ACCESSIBILITY

Situated within walking distance to excellent high schools, primary schools, nursery school, medical facilities, churches, other shopping centres and public transport.  

This property enjoys a prime and highly sought-after location, offering unmatched convenience for residents and tenants alike. 

Ideally positioned within walking distance to key amenities, the property provides easy access to:  

  • Convenient access to major highways 
  • Excellent high schools and primary schools
  • Nearby nursery schools
  • Medical facilities and healthcare services
  • Places of worship including churches  
  • A variety of shopping centres and retail amenities 
  • Convenient public transport routes  

This outstanding location ensures a lifestyle of ease and accessibility, making it highly attractive for families, professionals, and tenants seeking everyday convenience without the need for long commutes. 

A truly well-connected address that enhances both residential appeal and long-term investment value. 

Call today to book your viewing!  

GRANITE PARK INVESTMENTS 73 CC trading as REMAX All Stars (Alberton) operates in terms of a franchise agreement with REMAX of Southern Africa.

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GRANITE PARK INVESTMENTS 73 CC trading as REMAX All Stars (Alberton) operates in terms of a franchise agreement with REMAX of Southern Africa.