2,944m² Business For Sale in Marshalltown, CL34530

Details

ON AUCTION - 11 JULY 2024 - CORNER SITE MIXED USE PROPERTY

ON AUCTION - 11 JULY 2024 - CORNER SITE MIXED USE PROPERTY

This versatile, mixed-use building is currently configured to accommodate retail and commercial spaces on the ground and first floors. It occupies a prime corner lot facing Marshall Street (R29), a major east-west arterial road that connects the central business district of Johannesburg to its eastern and western hubs.

The central and corner location, opposite the ABSA Towers precinct and in close proximity to the Carlton Centre, ensures high exposure to both vehicular and pedestrian traffic. Conveniently situated in the southern Johannesburg CBD area, it offers easy access to the nearby M1 and M2 highways.

The ground floor has been converted into two retail/commercial sections. One section houses a takeaway and restaurant facility situated at the Marshall/Delvers Street corner, featuring a sit-down area with a fully enclosed steel order counter and back kitchen. The remaining floor area has been converted to accommodate an institutional facility (formerly a school), which includes a reception and waiting area upon entrance from Delvers Street. Several rooms and classrooms have been created using mostly drywall partitions, and there is a large training/classroom at the back.

The first and second floors have similar layouts, offering mostly open floor spans on either side of the central staircase. The first floor has been partitioned into several smaller classrooms or training rooms using drywall, while the third floor features open spans throughout (though part of the third floor was inaccessible during the site visit). The third floor, covering only a portion of the combined site (specifically Erf 537 improvements), is understood to have similar open-plan floor plates but was also inaccessible during the site visit.

Most floors are equipped with ablution facilities, and the first floor additionally includes a staff room with a kitchen.

Additional Features The property includes the following features:

A large steel roller shutter door fitted to the retail shopfront along Marshall Street. An additional roller shutter for the second ground-floor unit A service passage/yard along the western perimeter with direct access from Marshall Street for refuse management. Steel security gates and enclosures for added safety. Balconies on the first and second floors.