850m² Building For Sale in Woodstock

R7,800,000

66 Victoria Road

Web Ref No CL13095

Tenanted Freestanding Redevelopment Opportunity On Victoria Road

SOLE MANDATE: This heritage building is split up into 4 sections with 3 retail units facing the busy Victoria Road and a warehouse that has access via a roller shutter door on Woodlands Road. The current zoning on the building is Mixed-Use 2 and there is a substantial amount of bulk that can be added to the site. The space is ideal for a retail user that requires a distribution warehouse and additional office. The site is also prime for residential development being in close proximity to the new Woodstock Quarter and Ironworks Buildings.

There are currently 3 tenants in place paying market-related rentals. All leases have redevelopment clauses with a notice period of 3 months. Any potential buyer would be able to zero-rate the transaction on this building. This recently rejuvenated node in Woodstock is highly sought after given the atmosphere and creative hub, rapid access to all major major roads and close proximity to the CBD. For more information please contact our area specialist at Annenberg.

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Features

Open Parkings 5
Zoning Commercial
Monthly Rates R7,120.00pm Excl. VAT
Floor Size 850m²
Land Size 794m²
Power 3 Phase Yes
Power Amps 250