Property description

Situated in the sought after and quickly developing Braamfontein, Johannesburg CBD, this property is an exceptional investment opportunity, offering both practicality and high tenant demand. Currently leased as affordable housing, the building is also well-suited for social housing projects or student accommodation, thanks to its prime location and accessibility. With the Gautrain, taxi ranks, and Rea Vaya within easy reach, tenants enjoy unparalleled convenience. Additionally, the property includes six fully leased retail units, providing an extra stream of income beyond residential rentals.

Security and accessibility are top priorities, with biometric access and a security booth at the entrance ensuring a safe living environment. The building spans nine stories and features a well-maintained elevator, making movement between floors effortless. The elevator control room, securely positioned on the top floor, complements the dual staircases located at opposite ends of the building, ensuring compliance with Occupational Health and Safety standards.

Inside, the property consists of 68 two-bedroom apartments and 17 single rooms, each equipped with prepaid electricity meters. The layout allows for flexible use—whether maximizing occupancy for student housing or restructuring units to enhance rental yield. Each apartment comes with its own private kitchen and bathroom, eliminating the need for shared communal spaces.

Tenants also benefit from a dedicated laundry room on the top floor, with rooftop drying areas that offer stunning views of the Johannesburg skyline. Additional washing lines are available on the first floor, ensuring ample space for all residents. Addressing the ongoing water supply challenges in the CBD, the building is equipped with a borehole and three JOJO tanks, ensuring a reliable water source. These are securely housed in the gated underground parking area, which accommodates approximately 18 vehicles.

This is a rare investment opportunity in a thriving urban hub—don’t miss out on the chance to elevate your property portfolio. Get in touch today to secure this outstanding asset!