209 Smit Street, Braamfontein, Johannesburg, South Africa

Detalhes

RARE INVESTMENT OPPORTUNITY

GLA: ± 18 475m² ERF SIZE: 6 440m² GAI : R31M SITUATED 350M FROM THE GAUTRAIN PARK STATION AND 3.3KM FROM WITS UNIVERSITY

The building is generating a gross annual income of over R31 million, with two undeveloped floors still available adding huge upside opportinity. Additionally, there is 1000sqm of lettable space located on the ground floor behind the building – ideally suited to retail further increasing this investment gem’s income. Situated in the heart of Braamfontein, a prime area in Johannesburg CBD, this property is opposite Park Station and just a few kilometres from major universities, offering unmatched convenience for commuters, students and young professionals The building offers over 500 basement parking bays, providing an invaluable amenity in the bustling Johannesburg CBD. The property has recently undergone extensive renovation and revamping, leaving it in immaculate condition. It has been extremely well managed. This property capitalises on the trend for the live-work-play environment perfectly, which further drives demand for its spaces. Onsite amenities include retail, a business centre, fully equipped gym and pool plus recreational spaces. This is an opportunity not to be missed; the costs of creating an asset of this value in today’s times could run into the billions – put your best offer forward and register to bid today!