Property description

This great find has incorporated the vision of the renewal of Johannesburg City. Located in the heart of the ABSA Campus, within the newly developed Central Inner District MMID – Marshall Main Inner City, this building offers 73 stylish and affordable apartments, ground floor retail, excellent security and infrastructure, advertising opportunities and much more.
Surrounded by JHC housing developments, offices and other urban renewal initiatives, this is the perfect opportunity to invest in inner-city rejuvenation. 

 •24HR Security Guards  

•Sign in and Sign out facilities for
visitors  

•Fingerprint access for tenants  

•Tag entry system on each floor- people who don’t live on that floor will not have access. 

•24HR CCTV surveillance (off site surveillance linked to phone or laptop) 

•Laundry Facilities – Wash and Dry – Tenants pay R30 for each token 

•Parking available at R250.00 extra monthly per bay 

•Visitors who sleep over with a car is charged R20.00 per car  

•Plug and play DSTV connections in each flat from internal Dish, no need for tenants to put up a dish  

•Cleaning services at R89.00 per flat  

•Each flat is equipped with prepaid electricity  

•Each flat has its own water meter outside the flat  

•Each flat is fitted with blinds  

•All light fittings are installed with energy savings bulbs  

•Each floor has its own extractor fan system 

•Each flat has its own bath and shower system  

•Each flat has a 4 plate stove with an extractor fan  

•Granite tops in Kitchen and Bathroom  

•Luxury fittings in Kitchen and Bathroom  

•Cupboards in each flat on wheels to design the flat how you like 

•Intercom system in each flat – guests are announced by calling flats  

•On site generator. In the event of a Power Failure, the generator keeps CCTV systems and tag entry system going and lights up the whole building for consistent safety and security 

Adjoining Res 144 is a large warehouse that is prime for residential conversion. Plans have been finalized (not yet approved) for 56 x 18m2 apartments with bathrooms and kitchenettes, each letting for between R 2000 and R 2500. Income is projected at between R 1,120,000 and R 1 400 000 annually. With a high demand for quality affordable accommodation in Marshalltown coupled with the UDZ subsidy benefit, this opportunity offers excellent returns and would be a complimentary addition to Res 144

Contact Agent for more details and to arrange a tour of the building.