Bidder’s Choice currently has a property available that is situated in the heart of Johannesburg in Marshall town – erf 239, located at 49 Commissioner Street, on the corner of Kort Street.

Johannesburg centre has long been a pivotal part of the city, and indeed, of the country. With the majority of South Africa’s business being conducted in and through Gauteng, the centre of the city is a key component of Johannesburg’s rich history. Areas within Jo’burg city centre are gradually being restored to their former glory, making property in the city an attractive prospect.

This property is 249m² and is seven storeys, and also contains a basement. An entrance to this basement has been provisioned for on Kort Street, however, it is not accessible at this time.

The exterior of the structure is made from a combination of durable face brick, neat plaster, and painted brick that make it both structurally sound and aesthetically pleasing.
The interior walls are plastered and painted brick, and the floors are mostly ceramic, which gives the building a clean, professional look that is suitable for both commercial and residential purposes. Further, the building contains a combination of fluorescent lighting and energy-saving bulbs to give it
a bright, modern feel.

Moreover, there are two elevators contained within the structure, as well as two staircases that provide access up to the top floor.

The building is currently undergoing massive renovations and improvements that will make it chic and modern, and better suited for residential purposes, as it is more suited for commercial business currently.

The property has been zoned for both retail and residential applications.

There are plenty of vacancies in the building, making it an ideal option for investors. The only occupied space, currently, is the ground floor, wherein a popular fast-food restaurant operates.

Within the seven storeys, the lettable area is as follows:
• First floor: 235m²
• Second floor: 235m²
• Third floor: 235m²
• Fourth floor: 235m²
• Fifth floor: 235m²
• Sixth floor: 235m²
• Seventh floor: 120m²
Furthermore, the approximate gross building area is:
• Ground floor: 235m²
• First floor: 235m²
• Second floor: 235m²
• Third floor: 235m²
• Fourth floor: 235m²
• Fifth floor: 235m²
• Sixth floor: 235m²
• Seventh floor: 120m²

Therefore, the total lettable area of the building is a sizeable 1620m², while the approximate gross
building area is 1765m².

The building is structurally sound; no defects were found upon valuation, nor is the land contaminated or has ever been contaminated.

Being located in Marshall Town, the building is a hub of activity, being surrounded by commercial and residential properties. Further, it has easy access from both the N1 and M2 highways, and there are vital public services such as a fire department, police and ambulance services are within a mere 3km radius of the property.

The property is therefore an excellent opportunity for all serious investors.