R 22 500 000 | apartment block property for sale in new doornfontein

New Doornfontein, Johannesburg Situated 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 Johannesburg’s 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 Apartments Average unit size: approximately: 30sqm - 92 Two-Bedroom Apartments Average unit size: approximately: 45sqm - 7 Four-Bedroom Apartments Average unit size: approximately: 78sqm Additional 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.