Description
Set in the iconic Braamfontein, Johannesburg CBD, this property is a marvel for practicality and convenience for anyone staying in it, meaning it's that much easier to ensure you will always be tenanted. This building is currently being leased as affordable accommodation in the CBD, but it also very easily lends itself to Social Housing schemes and other such development opportunities such as student accommodation. With easy access to the Gautrain, taxi ranks, and the Rea Vaya, it really doesn't get more convenient than this building. With 6 retail units being present and all currently leased out, you have further income that is made on the property outside of your standard rentals.
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.
153
469m2
