R36,000,000
INVESTMENT PROPERTY FOR SALE IN LYNNWOOD, PRETORIA EAST
Lynnwood Galleries is perfectly situated at 406 Diana Road in the well-developed business hub of Lynnwood, Pretoria East. The building is located just off the N1 highway providing exceptional access to surrounding areas such as Menlyn, Menlo Park, Brooklyn and Hillcrest among many other. Lynnwood offers great public transportation services to tenants and clients for their own convenience being based on the Gautrain bus route. Menlyn is stationed within 2.5km and Hillcrest Shopping Centre within 1.5 hosting several retailers, restaurants, grocery stores, entertainment and commercial facilities among many other just to name a few. The property is also within close proximity of ample large established businesses, schools and retail offerings.
This commercial /retail facility can be increased with another 15% of coverage adding 2,000 square meters additionally of which it will then consist out of 4,713 square meters. The current 2,713 square meters has been fully let out and consists out of 2000 square meter office space and 713 square meters retail space. Feel free to contact Jean Coetzer for the ROI (Return on investment) rates.
The property next door is also available for sale with Lynnwood Galleries for a set price of R 4,000,000.00 that can additionally be used for extra parking. This property can be utilised when the additional bulk of 2,000 square meters is build.
Features
Title:
Freehold
Building Name:
Lynnwood Galleries
Zoning:
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
No
Sizes
Floor Size
2,713m²
Land Size
2,644m²
Parking Bays
Basement Parking Bays
76
Open Parking Bays
14
Extras
Rates - R48,000.00Lynnwood, Pretoria
Although Pretoria is a city where Afrikaans is the prominent language it hasn't stopped American influence in the naming of its many suburbs. Brooklyn and Menlo Park are two examples and so is the highly sought-after, commercial and residential area known as Lynwood Park. The region was developed in the 1960's and has seen a major expansion in various directions since its inception. It's also close to nature...
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