Web Ref No CL34513

ICONIC BRAAMFONTEIN GATE ACCOMMODATION ON TENDER - CLOSING 31 MAY 2024 @ 12PM

Braamfontein’s Best Location For Sale By Tender - 209 Smit Street

This 30-storey apartment block in Braamfontein comprises over 400 exclusive apartments, presenting a one-of-a-kind investment opportunity.
This plug-and-play deal means the new owners can start seeing returns from day one!
Opportunities like this do not come to market often and those investors with this kind of appetite better hurry to bid or lose out.

The building is currently operating at full occupancy, with an exceptional demand for exclusive apartments in this block.
The building is generating a gross annual income of over R31 million, with two undeveloped floors still available adding huge upside opportunity. 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!