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Property
Description

Property Description

This commercial property, 43 Sivewright Avenue, New Doornfontein. Comprises 131 flats and 1 shop. It is well located within the Urban Development Zone (UDZ), bordering the Fashion District. The area falls within a City Improvement District; is in close proximity to Noord Street Taxi Rank, Doornfontein Station as well as the Reya Vaya Transport system on Market and Commissioner Streets. Schools as well as the University of Johannesburg are also located within easy walking distance. Since the establishment of the UDZ in the area in 2004 R9 billion has been invested in inner-city property development. The immediate 300m area surrounding 43 Sivewright includes residential accommodation of more than 2750 units across 10 refurbished buildings, the major one being the world’s largest office to residential conversion 120 End Street that comprises 954 units and a shopping centre.  The property is situated in the fast-developing node bordering Doornfontein, the Ellis Park Precinct and the extensive upgrading of the UJ Doornfontein Campus. Currently, the property is attracting rental and it has further upside. 

• Gross Income R 517.956.49  p.m.

• Avg Expenses R R200 645,55 p.m. 

This is a prime investment opportunity NOT TO BE MISSED.

Features

Zoned General 

GBA 8000 m2

GLA 5466 m2 +/-

131 Flats & 1 Retail Unit

Gross Income R 517.956.49  p.m.

Avg Expenses R R200 645,55 p.m.

Very well managed

Excellent Location - UDZ 

Approved plans for student accommodation

See Investor Pack for details

Area Description

New Doornfontein is a suburb of Johannesburg, South Africa. It is located in Region F of the City of Johannesburg Metropolitan Municipality.

Amenities

Caltex Natric Motors Ltd 0.22 km

Caltex Bertramspark Motors 0.25 km

Engen Minty's of Market Street 0.36 km

Gautrain Parking 2.09 km

Gautrain Johannesburg Station 1.55 km

Zuzimpilo Clinic 1.41 km

Joburg Medical Centre 1.75 km

Life New Kengzinton Clinic 2.07 km

SAPS - Jeppe 0.50 km

Saps - Hillbrow 1.75 km

Metropolitan - Johannesburg 1.85 km

Oliver Lodge Primary School 0.05 km

Nomini Primary School 0.12 km

Nirvana Secondary School 0.11 km

Shopping Centre 0.09 km

End Street Mall 0.37 km

Lustre House Retail 0.47 km

Metropolitan College 0.37 km

Islamic Study Centre 0.52 km

Sedco College of Technology and Business Studies 0.62 km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
43 Sivewright Avenue, Doornfontein - Property Ref: F107103, Johannesburg , Gauteng

AUCTION ADDRESS:
Masingita House , 41 West Street, Doornfontein , Johannesburg , Gauteng

AUCTION DATE:
2021-06-24

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 1038m2 | GBA: 5466m2

Thukela Mdingane
Residential & Commercial Property Specialist

M: 076 907 7102

T: 011 268 2681

E: thukela@auctioninc.co.za

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