2 011 m² Commercial space in Johannesburg Central

Four stands in one commercial investment properties for sale in doornfontein, calling investors and developers alike to take advantage of this opportunity.

This commercial property for sale commands the asking price at R 7 000 000.00.

The size of the land is 2011m2, which zoning allows for 4 stores , 4 separate erves all zoned commercial they are

Stand: 115 size 505m2

113 size 496m2

124 size 504m2

122 size 505m2

Each building is measuring about 375m2 of coverage, with one of the buildings being a double story, and second building having one and half floors, meaning that the property in its entirety has just over 2000m2 under roof. The one building has student accommodation rights in place for accommodation. This investment comprises of four buildings built back-to-back measuring 496m2, 505m2, 505m2 & 505m2 respectively in one perimeter wall. Two of these properties comprise of double stories, whereas the other two are single stories. It is secured with electrical perimeter fence, CCTV and alarm system connected to the security company.

The owner is running a call centre from the premises, planning to move it to the different location, once properties are transferred to new owner.

The property presents huge opportunity for conversion into a multiple stories of residential apartments for entry level and student accommodation, that can cater for private rentals and student accommodation.

The city of Johannesburg is the financial hubs, with the main 3 commercial banks still having their head office in town. The city has a huge education institutions such as colleges, universities and private schools, making it an attractive location for accommodation for entry level and middle market accommodation.

Location:

The property is in close proximity to University of Johannesburg Doorfontein campus, Wits Parktown campus, Absa Towers, Standard Bank, FNB Square and Nelson Mandela Children Hospital.

New Doornfontein is an inner city neighbourhood of Johannesburg, in the South African province of Gauteng. It is east and adjacent to the Johannesburg CBD. It is located in Region F of the City of Johannesburg Metropolitan Municipality, It is located in between Yeoville and Hillbrow to the east and west respectively.