House For Sale in Johannesburg

Property description

In the vibrant pulse of Johannesburg's Financial District, where the city's energy beats strongest, a monumental opportunity awaits visionary investors. Introducing Penmore Towers, a distinguished asset, poised to redefine commercial landscape in this revitalized hub.
This isn't merely a building; it's a colossal 20,042 m² canvas soaring 17 storeys high, offering unparalleled scale and scope for transformative development. With 155 dedicated parking bays and designated Mixed-Use zoning, its inherent flexibility is immediately apparent.
A bold old vision for the Financial District – to transform it into a vibrant, cosmopolitan area akin to global cities like London and New York, teeming with theatres, cafés, and cultural venues – positions Penmore Towers at the forefront of this rejuvenation. This iconic building is within easy walking distance of major corporate headquarters, banks, and government departments, solidifying its prime location.
For the astute investor, Penmore Towers presents an extraordinary prospect:
Massive Student Accommodation Potential: Envision a thriving ecosystem within its walls. Penmore Towers offers the incredible capability to be converted into accommodation for up to 1000 students, ensuring robust and sustainable income streams.
Mixed-Use Versatility: Beyond student accommodation, its Mixed-Use zoning allows for diverse applications, from vibrant retail spaces on the ground floor to modern offices or even further residential conversion, offering a dynamic portfolio within one asset.
Prime Signage Rights: Capitalize on its commanding presence with valuable signage rights, offering unparalleled brand visibility in this high-traffic commercial nexus.
Strategic Investment: This is your chance to acquire a significant piece of Johannesburg's future. The asking price for this iconic property is R240,435,000.00. Penmore Towers is a cornerstone investment within a portfolio dedicated to pioneering the city's next chapter.
Be a part of Johannesburg's grand transformation. Acquire Penmore Towers and seize the opportunity to blaze a rejuvenation trail, crafting a legacy within Africa's most dynamic urban environment.
Serious inquiries from visionary investors are invited. Contact us today to explore this exceptional opportunity.


OTHER BUILDINGS FOR SALE:
1. National Bank House
* Size: 9,269 m²
* Asking Price (USD): USD 9.38m
* Asking Price (ZAR): R166,947,800.00 (9,380,000 * 17.81)
* Description: 8 storeys, 15 basement parkings. Mixed-use: Commercial & Residential. Tenants include Apprentice Penthouse, We_Think_Code, Economic Freedom Fighters, JHB Bara Qwa Qwa Taxi Association, etc.


2. CornerHouse
* Size: 6,087 m²
* Asking Price (USD): USD 6.18m
* Asking Price (ZAR): R109,999,800.00 (6,180,000 * 17.81)
* Description: 8 storeys, with basement. Used for Luxury Boutique Hotel, Offices. Tenants include Adamantem, Africore Advisory, Dr Belinda Ogundipe & Associates, Economic Freedom Fighters, etc.


3. Banking Hall
* Size: 2,500 m²
* Asking Price (USD): USD 3.3m
* Asking Price (ZAR): R58,773,000.00 (3,300,000 * 17.81)
* Description: Includes Banking Hall, Basement Parking, Mezzanine, and Offices. Tenants include Johannesburg Pastry School.


4. Provincial Building
* Size: 4,180 m²
* Asking Price (USD): USD 1.5m
* Asking Price (ZAR): R26,715,000.00 (1,500,000 * 17.81)
* Description: Currently vacant, to be renovated. Potential uses: Offices, Retail, Residential.


5. SP1 & Pop-Up Arcade
* Size: 5,584 m²
* Asking Price (USD): USD 1.85m
* Asking Price (ZAR): R32,948,500.00 (1,850,000 * 17.81)
* Description: Comprises 60 Luxury Sectional Title Apartments (60 m² each - 50% complete).
* Associated with: The Pop-Up Arcade (Retail Mall with shops), also at 100 Market Street. The Pop-Up Arcade has a size of 470 m² and an asking price of USD 950,000.
* Pop-Up Arcade Asking Price (ZAR): R16,919,500.00 (950,000 * 17.81)


6. Rissik
* Size: 2,776 m²
* Asking Price (USD): USD 3.9m
* Asking Price (ZAR): R69,459,000.00 (3,900,000 * 17.81)
* Description: Retail on ground floor. Three floors of Student Accommodation currently, with four other floors to be fitted for Student Accommodation.


7. St Andrews
* Size: 4,239 m²
* Asking Price (USD): USD 5.45m
* Asking Price (ZAR): R96,964,500.00 (5,450,000 * 17.81)
* Description: Retail on ground floor, Student Accommodation, Rooftop, and Signage.


8. Investment Building
* Size: 1,110 m²
* Asking Price (USD): USD 1.81m
* Asking Price (ZAR): R32,230,100.00 (1,810,000 * 17.81)
* Description: Retail on ground floor, Student Accommodation, Rooftop.


9. Securities Building
* Size: 3,868 m²
* Asking Price (USD): USD 1.83m
* Asking Price (ZAR): R32,586,300.00 (1,830,000 * 17.81)
* Description: Retail on ground floor, Student Accommodation.


10. CNA Building
* Size: 11,110 m²
* Asking Price (USD): USD 6.57m
* Asking Price (ZAR): R116,999,700.00 (6,570,000 * 17.81)
* Description: Ground floor retail tenanted (Homechoice anchors entire ground floor and basement). Upper floors ready for renovation/fit-out.


11. Shakespeare House
* Size: 6,335 m²
* Asking Price (USD): USD 4.59m
* Asking Price (ZAR): R81,747,900.00 (4,590,000 * 17.81)
* Description: Commercial & Retail. Not tenanted, to be fitted out.


12. New Kempsey Building
* Address: 113 & 115 Fox Street
* Size: 3,415 m²
* Asking Price (USD): USD 1.77m
* Asking Price (ZAR): R31,539,700.00 (1,770,000 * 17.81)
* Description: Commercial & Retail. Not tenanted, to be fitted out.


13. Vacant Lots ( Commissioner Street)
* Size: 3,415 m²
* Asking Price (USD): USD 1.5m
* Asking Price (ZAR): R26,715,000.00 (1,500,000 * 17.81)
* Description: Parking. Building to be constructed.


14. Vacant Lots (Rissik & Fox Streets)
* Size: 221 m²
* Asking Price (USD): USD 700,000
* Asking Price (ZAR): R12,467,000.00 (700,000 * 17.81)
* Description: Parking. Building to be constructed.