8 000 m² Commercial space in New Doornfontein

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Residential Investment Block with Strong Student Accommodation Potential New Doornfontein, JohannesburgSituated at 43 &45 Sivewright Avenue within the well-established and sought-after New Doornfontein precinct, this substantial residential investment property offers an outstanding opportunity for investors seeking exposure to Johannesburgs high-demand residential and student accommodation sector.The property is strategically positioned on two erven with a combined extent of approximately 1,040sqm and comprises an eight-storey residential building incorporating a ground-floor retail component. The surrounding area continues to experience sustained demand driven by its proximity to major universities, educational institutions, public transport networks, and key Johannesburg CBD amenities.The building accommodates a total of 131 residential apartments configured as follows:- 32 One-Bedroom ApartmentsAverage unit size: approximately: 30sqm- 92 Two-Bedroom ApartmentsAverage unit size: approximately: 45sqm- 7 Four-Bedroom ApartmentsAverage unit size: approximately: 78sqmAdditional improvements include a basement parking facility providing approximately 25 parking bays servicing the building.This asset offers investors considerable residential rental upside within a well-established node that remains highly attractive to students, young professionals, and working tenants.Owing to its location, scale, and versatile unit mix, the property is exceptionally well-positioned for both conventional residential letting and future student accommodation conversion or optimisation strategies.

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