Commercial 2936-ref-146 for Sale in Fairland, Randburg

AgencyRef: 2936-ref-146 This well-located Commercial Property in Fairland presents an excellent income-generating investment opportunity with strong future development potential. The property is situated on a large stand of approximately 2 380m² and is currently improved with six fully tenanted retail units, providing an immediate and stable rental income stream. A major added advantage is the long-standing Vodacom presence on the property, where Vodacom will renew their lease after approximately 30 years for a new lease term, providing additional security and long-term stability to the income profile. Key Features: ⢠Established commercial property with business rights ⢠Six retail units â all currently tenanted ⢠Gross rental income: ± R68 500 per month ⢠Net income: ± R50 000 per month (± R600 000 per year) ⢠Attractive gross yield potential ⢠Large stand (2 380m²) with future development potential ⢠Vodacom lease renewal for a new term after ±30 years on the property ⢠Ideal for investors seeking income + long-term growth The generous stand size and favourable zoning provide excellent potential for expansion or redevelopment, subject to municipal approval. Additional retail units, office space or a neighbourhood convenience centre could further enhance the property's income-generating capacity over time. Properties that combine existing rental income with future development potential are highly sought after in the commercial property market and represent strong long-term investment opportunities. Agency reference number: 2936-146