Commercial Property To Rent Prime Retail Restaurant Space to Let in Parktown North 41 7th Avenue , Parktown North, Johannesburg

Property description

Parktown North | Prime Restaurant Space To Let

Property Overview

An exceptional opportunity to lease a prominent restaurant space in the heart of Parktown North—one of Johannesburg’s most desirable dining destinations. This space is ideal for a high-end restaurant, café, or well-established brand looking for strong foot traffic, excellent visibility, and a vibrant commercial environment.

Key Details

Shops Available: Shop 7 & 9 (Ex-Cowfish)

Size: 295 m²

Rental: R250.00/m² (Excl. VAT & Utilities)

Parking: R650.00/bay (Excl. VAT)

Available: Immediately

Electricity: Pre-paid

Lease Term: 3–5 years

Escalation: 9% annually

Turnover Clause: 7%

Generator Fee: R7.00/m² (Excl.)

Meter Reading Fee: R350.23 (Excl.)

Refuse: R6.07/m² (Excl.)

Rates: R21.96/m² (Excl.)

Utilities: Billed on actual consumption

Deposit & Application

Deposit:2 months of final year rental (with signed surety) 4 months of final year rental (without surety), 

Beneficial Occupation (BO): 30 days

ITC Checks: Required and must be clear

Required Lease Submission:

Company Profile

Concept proposal (what the shop will look like and what will be sold)

Upon landlord interest, a formal document list will be provided. Once due diligence is passed, a formal offer to lease will be issued.

Location Benefits

Prime location in Parktown North, a high-demand restaurant hub

Easy access to main arterial routes and public transport

Close proximity to popular retail, cafés, and residential areas

Ample customer parking and strong daily foot traffic 

Please contact Agent for a private viewing