Web Ref CL34740
ON AUCTION 18 JUNE - EXCELLENT MIXED USE INVESTMENT
Prime Mixed-Use Investment Opportunity in Elspark, Germiston
Situated in the vibrant heart of Elspark, Germiston, on the prominent corner of 1 Hawk Street, this exceptional mixed-use property presents a rare and highly lucrative investment opportunity. Strategically designed with a blend of residential and commercial components, the development comprises two distinct buildings—Millinium Court and Roraima Court—each contributing to a diversified and stable income stream.
Millinium Court
Millinium Court features 9 fully tenanted residential units, delivering consistent and dependable rental returns. The units are spacious, well-maintained, and complemented by neat façades and tidy communal areas, enhancing tenant satisfaction and retention.
Roraima Court
Roraima Court is a larger sectional-title development registered with 41 sections, and offers a dynamic mix of 12 residential units and 6 ground-floor retail shops. The retail component enjoys excellent street frontage, high visibility, and strong foot traffic, benefitting from proximity to anchor tenants such as PEP and other established local businesses. All commercial units are fully let, featuring a well-balanced mix of service, lifestyle, and convenience-oriented tenants.
Additional Features
Enhancing the property’s overall value and functionality are 23 secure parking garages, conveniently distributed across both buildings. These garages not only generate additional rental income but also increase the appeal of the property by offering security and convenience for tenants.
The property’s prime corner location ensures outstanding visibility and accessibility, with close proximity to key transport routes, schools, and essential amenities—further reinforcing its attractiveness to both tenants and investors.
Key Investment Highlights
Fully tenanted across all residential and commercial units
Diverse and stable tenant mix ensuring consistent income
Prominent street frontage with high pedestrian traffic
23 secure garages offering added rental potential and convenience
100% occupancy with a strong history of low vacancies
Immediate adjacency to national retailers such as PEP and Pick n Pay
Surrounded by well-established residential and commercial developments
Excellent long-term capital growth potential in a thriving area
This is a compelling opportunity for investors seeking a stable, income-generating asset with future growth prospects in a well-established and high-demand location.
Situated in the vibrant heart of Elspark, Germiston, on the prominent corner of 1 Hawk Street, this exceptional mixed-use property presents a rare and highly lucrative investment opportunity. Strategically designed with a blend of residential and commercial components, the development comprises two distinct buildings—Millinium Court and Roraima Court—each contributing to a diversified and stable income stream.
Millinium Court
Millinium Court features 9 fully tenanted residential units, delivering consistent and dependable rental returns. The units are spacious, well-maintained, and complemented by neat façades and tidy communal areas, enhancing tenant satisfaction and retention.
Roraima Court
Roraima Court is a larger sectional-title development registered with 41 sections, and offers a dynamic mix of 12 residential units and 6 ground-floor retail shops. The retail component enjoys excellent street frontage, high visibility, and strong foot traffic, benefitting from proximity to anchor tenants such as PEP and other established local businesses. All commercial units are fully let, featuring a well-balanced mix of service, lifestyle, and convenience-oriented tenants.
Additional Features
Enhancing the property’s overall value and functionality are 23 secure parking garages, conveniently distributed across both buildings. These garages not only generate additional rental income but also increase the appeal of the property by offering security and convenience for tenants.
The property’s prime corner location ensures outstanding visibility and accessibility, with close proximity to key transport routes, schools, and essential amenities—further reinforcing its attractiveness to both tenants and investors.
Key Investment Highlights
Fully tenanted across all residential and commercial units
Diverse and stable tenant mix ensuring consistent income
Prominent street frontage with high pedestrian traffic
23 secure garages offering added rental potential and convenience
100% occupancy with a strong history of low vacancies
Immediate adjacency to national retailers such as PEP and Pick n Pay
Surrounded by well-established residential and commercial developments
Excellent long-term capital growth potential in a thriving area
This is a compelling opportunity for investors seeking a stable, income-generating asset with future growth prospects in a well-established and high-demand location.
Features
Building Name
Roraima
Zoning
Mixed Use
Title
Sectional
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Exterior
Security
Yes
Parking Bays
Open Parkings
4
Covered Parkings
23
Sizes
Floor Size
2,000m²
Land Size
3,286m²
Extras
24 Hour Access; Accommodation; Secure Parking
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