Commercial Property For Sale in Doornfontein, Johannesburg

Development Parcel Opposite UJ Doornfontein - Student Accommodation Site

Asking R 16 999 000
Negotiating offers above R 13 999 000

A 4,218 m² land holding directly opposite the University of Johannesburg`s Doornfontein campus, held within a single ownership across six contiguous erven, with Surveyor-General-approved consolidation into two. Central Johannesburg College is a short distance away.

At a glance
- Land: 4,218 m² - six erven, with SG-approved consolidation into two
- Existing building: approximately 1,280 m² gross floor area (vacant)

The parcel
- Erf 676 - 986 m² (SG-approved consolidation of the Remaining Extent of Erf 394 and Erf 395), fronting Currey and Height Streets.
- Erf 677 - 3,232 m² (SG-approved consolidation of Erven 429, 430, 431 and 623), fronting Currey, Height and Nind Streets.
The six erven are held under a single ownership. The Surveyor-General has approved their consolidation into the two erven above; the diagrams are in place and ready to be registered, giving a buyer a clean two-erf configuration rather than assembling separate stands.

Development rights
- The land is zoned Business 2 (Height Zone C) under the City of Johannesburg Land Use Scheme, 2018. Business 2 permits residential buildings and dwelling units - which include student accommodation - as a primary right, so a student-accommodation scheme can proceed under the current zoning.
- Bulk parameters: FAR 4.0, coverage up to 100%, and height governed by the 59
height-line (with scope to exceed via an approved Site Development Plan). At FAR 4.0 this equates to a permissible bulk in the region of 16,900 m² (indicative).

Location
Directly opposite UJ Doornfontein, with Central Johannesburg College a short distance away, in an established inner-city location.

Improvements and plans
- The only improvement is a vacant three-storey building of approximately 1,280 m² gross floor area (across ground, mezzanine, first and second floors); the balance of the site is open.
Architectural plans for Erf 676 - a refurbishment of the existing building (12 units) and a new four-storey building (57 beds) - are included in the data room; Erf 677 is undeveloped.

Transaction
- Held within a single ownership. Subject to a tax opinion, the sale may qualify as a VAT going concern (zero-rated).
A full data room is available to qualified buyers. Offered on an exclusive sole mandate through Rockstar Realty.

To arrange access to the data room or a site visit, contact Brett Lensvelt, Rockstar Realty.



Property Reference #: 202606-12537

Agent Details:
Brett Lensvelt
Rockstar Realty
2nd Floor BraamFischer Centre, 95 Braam Fischer Drive Ferndale Randburg