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Ground Floor Showroom/Retail At Busy Intersection
R 21,750,000
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4 months ago221 views
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Description
Situated on the corner of Victoria Road and Browning Road, Fairland House is a landmark development now in the middle of this gentrified node of Salt River with new major AAA-grade developments recently completed and some going to ground soon. The area has seen a serious increase in blue-chip national tenants and owner-occupiers occupying this stretch of road. The building has maximum exposure onto Victoria Road and this section has impressive glass shopfronts allowing any potential buyer to display their best products and draw the public in. There is also customer parking conveniently located directly outside the front doors. There is Industrial access via roller shutter door and ramp from Browning Road, making receiving or dispatch operations easy without inconveniencing any customers who arrive to do some shopping. This section, which has been split into two units of 973 sqm and 771 sqm with partitioning, takes up the entire ground floor of the sectional title development. It is occupied by two separate tenants in the furniture and clothing business. The 973 sqm unit is available for any purchaser to take occupation on transfer, while the 771 sqm section has a strong tenant in place until the end of March 2025(Contact me for more rental information). The two units, however, are divided with simple partitioning, meaning that the entire floor space can be opened up again to provide larger retail premises.
Fairland House is conveniently located on the border of Salt River and Observatory and is rapidly accessible from all Arterial routes and public transport stations in the area. The building also benefits from exposure and great signage opportunities as it is situated on the corner of Victoria Road and Browning Road. For more info on this unit or others in the sectional title scheme, please contact our area specialist at Annenberg Property.
Property Reference #: CL13092
Agent Details:
Daniel Botha
Annenberg Property Group
Office 2DMatrix8 BridgewayCentury City 7441
Bridgeway
Century City
7441
Fairland House is conveniently located on the border of Salt River and Observatory and is rapidly accessible from all Arterial routes and public transport stations in the area. The building also benefits from exposure and great signage opportunities as it is situated on the corner of Victoria Road and Browning Road. For more info on this unit or others in the sectional title scheme, please contact our area specialist at Annenberg Property.
Property Reference #: CL13092
Agent Details:
Daniel Botha
Annenberg Property Group
Office 2DMatrix8 BridgewayCentury City 7441
Bridgeway
Century City
7441
Id Subtitle 1250790695
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Estimated monthly repaymentR 235,707
Total property loan amountR 21,750,000
Total interestR 34,819,509
Total repaymentR 56,569,509
Interest rate at 11.75% for 20 years *
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Annenberg Property Group
Selling for 7+ years
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