Huge Property Investment For Sale In Doorfontein Johannesburg

For Sale

Apartments: 458 units
Retail Units: 5 Shops, Warehouse/storage units: 500sqm
Parking Bays: 90
GLA: 25000sqm

There are 167 flats and 291 rooms. There is plenty of income to be made from this Investment and really this is really a property that will pay itself off.

? The development opportunity and property falls with the Urban Development Zone (UDZ), in Doornfontein, bordering the Fashion District. Since the establishment of the UDZ in the area in 2004 R9 billion has been invested in inner city property development.
? The inner city has experienced a surge in investment growth due to investor confidence returning, driven mainly by the parallel infrastructure and upgrade spend put in place by government. This is now being described as a “second gold rush” .
? Major investors include commercial banks, mining houses and private developers who are building high rise offices, hotels and apartments as well as extensive student accommodation units catering to the redeveloped University of Johannesburg Doornfontein Campus – this renewal project will cost R500 million.
? Numerous City Improvement Districts (CIDs) have been set up, which has resulted in upliftment of public open spaces as well as control and order being restored to streets and sidewalks.
? The immediate 300m area surrounding Busby House includes residential accommodation of more than 2750 units across 10 newly refurbished buildings, the major one being the world’s largest office to residential conversion viz. 120 End Street that comprises 954 units and shopping centre. A brand new greenfields development is going up across the road for a more expensive apartment developed by Quorum.
Property description
? Busby House, situated at 14 – 25 Buxton Street, Doornfontein, Johannesburg currently comprises a mix of residential units, factories and warehousing.
? The property is situated in the fast developing node bordering Doornfontein, the Ellis Park Precinct and the extensive upgrading of the UJ Doornfontein Campus – which itself will create a young and appealing residential node for inner city residents.
? Basement parking comprises 90 bays.

Busby House is situated in the heart of a fast developing area, within 300m of than 2750 residential units across 10 buildings, operated by industry leaders Affordable Housing Company (AFHCO) and JSE Listed Premium Properties

Price: R 95 000 000 ZAR
Address:Buxton Street
City:Johannesburg
County:Gauteng
Square Feet:25000

Listing Presented by:

Zimasa Silevu photo
Zimasa Silevu

Agent

Office: 0117065510

Cell: 0824484730

Listing Inquiry