Johannesburg CBD, is one of the main business centres of Johannesburg. There are significant movements to revive the area. The subject property is located within the area of City and Suburban which is a suburb of Johannesburg. It lies just east of the City Centre. The area is comprised of both a residential and business area. The area that is currently the Central Business District has been the central area of Johannesburg nearly since its inception. Its central location in the city as well as careful planning led to it being chosen as the best location for residential and commercial development. City and Suburban is a thriving business node and offers a wide variety of services.
The subject property comprises multiple erfs but will be sold as one parcel. The sale forms part of a larger portfolio sale with similar style properties around City and Suburban. The properties are versatile in that they can remain in their current form but they offer massive redevelopment potential. The location of these properties are key and offer a variety of possible uses.