R 11 995 000
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4 500 m² Industrial space in City & Suburban (Maboneng)

995 m² 4 500 m²

Five Story Commercial Building in City [removed] Suburban For Sale

Ideally positioned close to the expanding Maboneng District, this 5 story commercial building is ideal for conversion into

residential units. As it stands, there is much renovation to be done. In the immediate vicinity of he building, there are many examples of commercial buildings being successfully converted int residential apartments in the area. The owner is already renting out space for residential use.

Features include: Main entrance with tiled walls and floor, offices on each floor, 6 toilets on each floor, ground floor has 4 showers, 3 rooms in the basement, concrete roof, 1 external goods lift, 2 passenger lifts, basement parking for 25 cars, 3 roller shutter doors

CITY & SUBURBAN

The suburb lies in the Johannesburg CBD with Marshalltown to the west and Jeppestown to the east. Prior to the discovery of gold on the Witwatersrand in 1886, the suburb lay on land on one of the original farms that make up Johannesburg, called Doornfontein. Lying close to the Main Reef gold deposits, parts of the farm were proclaimed as gold claims with this suburb was settled by prospectors from Natal and hence called Natal Camp, one of two original camps established, prior to the surveying of Johannesburg, the other being Ferreirasdorp. The area is named after the original mine, City and Suburban Mine, that lay on the southern reaches of the suburb. It was established as a suburb in 1896.

Property details

  • Listing number T4622519
  • Property type Industrial
  • Listing date 6 May 2024
  • Land size 995 m²
  • Floor size 4 500 m²
  • Rates and taxes R 19 100
  • Levies R 1

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