R25,000,000

Business for sale in Doornfontein

123 Beacon
10,388m²
Excellent Conversion Opportunity

The demand for affordable accommodation in Johannesburg’s CBD continues to soar. In response to this growing need, the Johannesburg City Council is fully backing the transformation of this eleven-storey building in Doornfontein into affordable residential living spaces.

This expansive property spans 10,388 square meters and is zoned for 870 residential units, providing ample opportunity to meet the city's housing needs. Residents will enjoy the convenience of 292 covered parking bays, ensuring secure and accessible parking options.

The building also has boiler rooms, lifts, staff quarters, ground floor shops and restaurants, fibre and 24-hour security.

Property Type
Business
Building Size
10,388m²
Reference
2292888
Address
123 Beacon
Property history
Listed for sale at R25,000,000
20 Aug 2024
Get to know Johannesburg
Johannesburg is known by various names just as diverse as the residents - Jozi, Jo’burg, Joeys, eGoli. From its humble beginning as a mining town, Johannesburg has evolved into a buzzing urban hub of activity. From high rises dotting the skyline to leafy suburbs with sprawling properties, the city reflects the history of its growth and major events in Southern African history.
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