R 6,450,000

R 6,450,000

31 UNIT BUILDING FOR SALE IN JOHANNESBURG CITY AND SUBURBAN
31
Bedrooms
20
Bathrooms
Active

31 UNIT BUILDING FOR SALE IN JOHANNESBURG CITY AND SUBURBAN

Web Ref. PTPLS-3036
Land size 549 m²
Monthly Bond Repayment
calculating..

JOHANNESBURG CBD INVESTMENT OPPORTUNITY - COMMERCIAL REDEVELOPMENT OPPORTUNITY/ STUDENT ACCOMMODATION/ RESIDENTIAL APARTMENTS

For the discerning investor who recognises value before the market catches up. Johannesburg CBD presents an exciting opportunity for the investors with the foresight to recognise the potential of urban regeneration, redevelopment and the growing demand for well located accommodation. As older buildings are refurbished, modernised and repurposed, opportunities are emerging for forward thinking investors to acquire strategically positioned properties and transform them into income generating assets.

We are proud to present a redevelopment opportunity in Johannesburg CBD; a substantial  31 unit building, approximately 98% complete, offering investors the opportunity to bring a promising property project across the finish line and unlock its full commercial potential. This is more than a building. It is an opportunity to position yourself within Johannesburg's evolving urban landscape. 

The building comprises 31 units and offers the flexibility to explore several investment strategies. Student Accommodation - A Strategic Investment Opportunity - With its central location and potential capacity to accommodate almost 100 students, this property presents an attractive opportunity for investors looking to enter or expand within the student accommodation market. Residential Apartments - Unlocking Rental Market - For investors seeking a residential rental portfolio, the property offers the opportunity to develop 31 residential units within an established urban setting. The growing appeal of accessible city living creates scope to explore accommodation for young professionals, working individuals, small households and residents who value proximity to employment opportunities, public transport and everyday amenities. Retail Potential - A Takeaway or Convenience Store - Adding further commercial value is the potential to incorporate a takeaway outlet or tuckshop within the property. This could provide a convenient service for residents and students while also attracting customers from neighbouring buildings and the surrounding community.

Development Potential: Room to think bigger - The building currently comprises two floors, with the possibility of a third floor indicated in the plans.This presents an additional avenue for investors to investigate the property"s future development potential. For an investor with a long term vision, this potential offers another reason to examine the property beyond its existing configuration. One of the property's key attraction is that it is approximately 98% complete.

A central location with connectivity - Location remains one of the most important considerations in property investment, and this building benefits from its position within Johannesburg CBD. Arrange a viewing, assess the development potential and establish how this property could fit into your investment portfolio. 31 units. Multiple possibilities. One strategic opportunity.

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Features

Property Type Commercial
Listing Purpose Sale
Municipal Rates R 4800
Occupation On Transfer
Total Floors 2
Property Tags
Guesthouse Descriptive Commercial Types Student Accommodation Suburban

Rooms

Bedrooms 31
Bathrooms 20

Shower and Toilet, tiled

Kitchen 10

open plan

Bedroom

Bedroom 1

Bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 2

bachelor unit

Twin Bed Single Bed Tiled Floors Curtain Rails Open Plan
Bedroom 3

Bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 4

bachelor

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 5

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 6

1 bed unit

Single Bed Twin Bed Tiled Floors Curtain Rails Open Plan
Bedroom 7

1 bed unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 8

2 beds unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 9

bacgelor unit

Twin Bed Tiled Floors Curtain Rails
Bedroom 10

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 11

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 12

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 13

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 14

bachelor units

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 15

bachelor units

Single Bed Twin Bed Tiled Floors Curtain Rails Open Plan
Bedroom 16

bachelor units

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 17

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 18

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 19

bacheolr unit

Single Bed Twin Bed Tiled Floors Curtain Rails Open Plan
Bedroom 20

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 21

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 22

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 23

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 24

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 25

bachelor

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 26

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 27

bachelor unit

Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 28

bachelor unit

Single Bed Twin Bed Double Bed Tiled Floors Curtain Rails
Bedroom 29

2 bedrooms

Double Bed Single Bed Twin Bed Tiled Floors Curtain Rails
Bedroom 30

2 bedrooms

Single Bed Twin Bed Double Bed Tiled Floors Curtain Rails
Bedroom 31

1 bedroom

Single Bed Twin Bed Double Bed Tiled Floors Curtain Rails

Lounge

Lounge 1

open plan

Tiled Floors Curtain Rails
Lounge 2

open plan

Tiled Floors Curtain Rails

Parking

Parking 1

underground

Underground Parking

Amenities

Water Tank Built in Cupboards Fibre Secure Parking Under Ground Parking

Disclaimer

While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.