Description

PRIME DEVELOPMENT PROPERTY | JEPPESTOWN | SITE DEVELOPMENT PLAN IN PLACE |RETAIL STORE CENTRE

Property Description:

This exceptional commercial property, located at 21 MacIntyre Street in Jeppestown, Johannesburg, offers an outstanding opportunity for the development of trend-setting retail spaces or innovative residential units. Comprising three ERF numbers (262, 263, and 264), the property spans an expansive land area of 992 square meters, providing ample room for creative endeavors.

The Heart of Johannesburg:

Johannesburg, often referred to as Joburg or Jozi, is South Africa's largest city and a bustling economic hub. It's a city known for its dynamic energy, cultural diversity, and continuous urban development. Johannesburg's central business district (CBD) has experienced a remarkable transformation in recent years, making it an attractive destination for both businesses and residents.

Jeppestown's Revival:

Jeppestown, situated in the heart of Johannesburg, is part of this urban resurgence. The area has seen a resurgence of interest from investors and developers, drawn by its proximity to the vibrant Maboneng Precinct and the CBD's evolving landscape. Jeppestown's strategic location places it at the epicenter of Johannesburg's renewal, making it a prime choice for visionary property development.

Maboneng Precinct:

Maboneng, an adjacent precinct to Jeppestown, is renowned for its artistic and cultural vibrancy. This mixed-use urban development is characterized by trendy art galleries, boutiques, theaters, and a thriving food scene. It attracts a diverse and creative community of residents, entrepreneurs, and tourists. The influence of Maboneng has spilled over into Jeppestown, further enhancing its appeal as an emerging hotspot for innovation and culture.

Investment Potential:

Investors and developers considering this property stand to benefit from the ongoing development of Johannesburg's CBD. The city's transformation is driving demand for trend-setting retail properties and modern residential spaces. With an estimated development cost of R8,175,000.00, this property aligns with the trend of urban revitalization, making it an attractive investment opportunity.

Conclusion:

21 MacIntyre Street, Jeppestown, represents more than just a property; it embodies a unique opportunity to be part of Johannesburg's urban renaissance. With its versatile zoning, strategic location, proximity to the Maboneng Precinct, and alignment with the evolving CBD, this property has the potential to become a landmark development in the heart of Johannesburg. Whether it's trend-setting retail spaces or innovative residential units, this property offers a canvas for visionary investors and developers to shape the future of this dynamic city.

Property Overview:

- ERF Numbers: 262 | 263 | 264
- Address: 21 MacIntyre Street, Jeppestown
- Zoning: Business | Residential
- Building Type: Residential Development
- Land Size (m²): 992
- Total Gross Leasable Area (GLA): 1,090 m²
- Number of Retail Stores - Ground Floor: 6
- Number of Retail Stores - 1st Floor: 6
- Shared Amenities: Yes, on 1st and 2nd floors
- Shared Kitchen: No
- Existing Structure: Yes - Steel Beams and Roof
- Fire Safety: To be completed by the developer
- Fire Exits: To be completed by the developer
- Transport Routes: Yes
- Proximity: JHB Central, Train Station, Taxi

Financial Information:

- Rental Expectation per Retail Store: R5,900.00
- Total Rental Expected: R70,800.00 per month
- Rates and Taxes Cost: R7,690.00

Development Details:

- Estimated Development Cost: R8,175,000.00