Commercial Property For Sale in Lambton, Germiston

Property description

This shopping centre is on a prominent corner stand on one of the busiest roads in Germiston and virtually looks after itself with a stable tenant base of 12 shops. The centre is fully let. Lambton is one of Germiston’s most established and affluent suburbs. Tenant mix is biased towards hospitality and fast food but also include beauty and convenience outlets. There is also a carwash on-site. Most of the tenants are stable and long term with only a few who signed up since covid. All have at least one year, or longer, contracts. Annual turnover is six digits and return is excellent, and growth opportunities also exist. The property is in excellent condition with minimal maintenance required and delivering a healthy return. All tenants have pre-paid meters for electricity and water. The total size under roof of +-977m2 which includes a verandah and public toilets.
There is also ample parking, roughly 40 bays, and great visibility on one of the busiest roads in Germiston, running from Primrose to Vosloorus. Location is excellent close to primary and secondary schools, surrounded by a number of residential suburbs and complementary shopping centres. Maintenance is excellent. Nearby facilities are the Rand Airport with numerous businesses operating from there, the Germiston Lake, Eskom, Medicross and Germiston Hospitals and the Germiston CBD is close as well. There are also at least 3 primary and secondary high schools within walking distance.

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