Prime Commercial Property For Sale in Braamfontein

Johannesburg ZA Show map

SALE PRICE

USD 1 533 521.08

Original price: USD 1533521.08
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Sorry, no exchange rate USD Price on request 1533521.08

2555 m²

9 floors

469 m²

9 car spaces

This property is located in the famous Braamfontein neighborhood of Johannesburg's central business district. It is a useful and convenient haven for anyone who stays there, which makes it even easier to make sure you will always have tenants.

At the moment, this building is rented out as cheap housing in the central business district. However, it would be very easy to turn it into social housing or something else, like student housing. That being said, this building is the most handy because it is close to the Gautrain, taxi stands, and the Rea Vaya.

There are six retail units on the property, and all of them are currently rented out. This means that the property brings in extra money on top of your normal pay.

The building has biometric access into it, with a security booth at the entrance to manage your tenants and safety. An elevator in set in the reception area and means that scaling the 9 stories the building has is really simple and easy.

The elevator control room is on the top floor of the building and well secured. There is also a main stair case to assist for those who may be favourable to that, and an additional one on the other end of the building to comply with Safety and Occupational Health Standards.

There are 68 two bedroom units in the building, with an additional 17 single rooms. Each of these units have their own prepaid meters. With the size of the rooms being as they are, there is room for either putting more people in should it be students, or resizing the rooms to get more units out the building, thereby increasing your yield on the investment.

Each unit has its own kitchen and bathroom so communal areas are fortunately avoided here. The units are serviced by a laundry room on the top floor, with hanging space for clothes on the roof section of the building, enjoying great views of the Johannesburg Skyline.

There is an additional washing line space on the first floor of the building, ensuring that everyone is catered for. With the water crisis in the CBD currently, it is such a bonus to have a borehole and 3 JOJO tanks for water supply in the building.

This is located in the gated and secure underground parking which can comfortably fit about 18 cars. This gem of an opportunity is now available, lets get you in and taking your investment portfolio to the next level.

Schedule an appointment to see it today to discover its unique charm and potential.

Expand description

Available from:

01.07.2024

Year of Construction:

2013

Type:

Industrial

2017 Gauteng Johannesburg South Africa

This is a property advertisement published and maintained by Remax one Kramerville and does not constitute binding information for this property. Although we require advertisers to provide accurate information, we can only publish these advertisements in good faith and have not verified any claims or statements or inspected the advertised properties, locations or offers. Primemasters does not own or control and is not responsible for the properties, facilities, site content, products or services provided or advertised by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the above. We therefore accept no liability arising from the confidence placed in us by readers or persons to whom such information is made available. You must conduct your own research and seek independent professional advice before making any decision to purchase, rent or invest in property.