This well-located commercial property at 49 New Road, Grand Central presents an excellent opportunity for investors seeking a combination of existing rental income and value-add potential.
The property comprises a total GLA of 988m², made up of a mix of warehouse, office, and vacant spaces, allowing for both immediate returns and future leasing upside.
Current configuration includes:
- Ground floor warehouse: 169m²
- “Cool Music Sound” warehouse: 432m² (tenanted)
- Ground floor office (vacant): 138m²
- Mezzanine level office (vacant): 249m²
The combination of tenanted and vacant areas provides flexibility for investors to either increase rental income or accommodate an owner-occupier component.
The warehouse components offer practical functionality for storage,
light industrial use, or distribution, while the office spaces are suitable for administrative or client-facing operations.
The property also includes 16 secure basement parking bays, ensuring ample parking for tenants and visitors—an important advantage in this busy commercial node. It also offers top-tier security, including 24/7 guarded access, a boomed entrance, electric fencing, and a fully walled perimeter—ensuring a safe and controlled environment for both staff and visitors.
Situated in the heart of Grand Central, the property enjoys excellent accessibility to the N1 highway and major transport routes, with close proximity to public transport and amenities—making it attractive to a wide range of tenants.
Financial Overview:
- Office Price (Excl. Parking): R1,380,208.33
- Parking (2 bays): R156,250
- Total Purchase Price: R1,536,458
- Price per m²: R11,041.67
Key Investment Highlights:
- Total GLA: 988m²
- Mix of warehouse and office components
- Partial rental income with vacancy upside
- 16 secure basement parking bays
- Flexible usage for multi-tenanted or owner-occupier model
- Strong location within established commercial node
- Easy access to major transport routes
This is an ideal opportunity for investors looking to unlock value through leasing or repositioning within a high-demand Midrand location.
Contact us today for further details or to arrange a viewing.
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