This property forms part of the 5th of December 2024 Telkom property portfolio auction sale and offers great potential for redevelopment.

Property Highlights
The subject property comprises a substantial commercial complex occupying a full city block, featuring multiple interconnected buildings designated for specialized use. The complex is fully paved and enclosed, providing extensive frontage along four streets, which enhances its visibility and accessibility.

Building A: Telecommunications Exchange and Service Facility
Building A is a prominent five-storey structure with a shared basement level that spans approximately 1,258 m², offering parking facilities, a guard room, a garage, storage areas, and dedicated equipment spaces. This building serves as the primary telecommunications exchange and service facility within the complex. The basement supports not only Building A but also provides services to the adjoining buildings on the property. The ground and lower floors of Building A house a range of storage and equipment rooms essential for telecommunications operations, while the upper floors include additional storage areas and technical spaces designed to accommodate specialized equipment. The building also features office spaces, located mainly on the fifth floor and portions of the first floor, which support administrative and operational functions. The exterior of Building A shows signs of vandalism, including spray-paint markings, with preventive measures in place to secure windows and doors facing the street to deter unauthorized access. The interior requires significant repairs, with missing electrical cabling, stolen bathroom fixtures, and visible water damage due to leaks. There are lifts in place to service the building; however, their operational condition was not confirmed during the inspection. This structure was purpose-built to host telecommunications equipment, and its configuration reflects this specialized use, with large open areas dedicated to housing technical infrastructure. The condition and design of Building A make it a suitable location for telecommunication or similar operations requiring substantial equipment and storage capacity

Building B:
Building B is a two-storey office facility constructed with face brick and topped with a durable pitched steel roof, matching the architectural style of Building A. The exterior is similarly secured, though the interior of Building B is in relatively better condition. Internal walls are plastered and painted, with flooring in a combination of carpeting and tiles, creating a professional yet functional office environment. However, some repairs and maintenance are still required to bring the building to optimal working condition. The ground floor, measuring approximately 513 m², includes office space, a bar area, a storage room, a foyer, and restroom facilities, all catering to the operational needs of the building’s occupants. The first floor, also around 513 m², provides additional office and storage spaces, along with a kitchen. Although the interior is better maintained than that of Building A, the entire property currently lacks power, preventing verification of the electrical systems' condition. Building B remains well-suited as an office facility, offering ample space and amenities across its two floors.

Building C: Post Office Facility
Building C is a four-storey facility currently functioning as a post office. The building mirrors the exterior characteristics of Buildings A and B, with a face brick façade, spray-paint vandalism, and preventive security measures on accessible openings. The interior condition is comparable to Building B, with plastered and painted walls, and flooring comprising a mix of vinyl tiles, carpets, and ceramic tiles. Although in relatively better condition, Building C would still benefit from repairs and maintenance to achieve full functionality. The ground floor, measuring approximately 1,260 m², includes storage and equipment areas, offices, a security section, restrooms, and a kitchen, serving as the building’s primary operational space. The first floor, around 1,296 m², offers additional storage areas and large open spaces, designated as lecture rooms but adaptable for open-plan office use, along with a foyer for central access and flow. The second floor, measuring about 1,297 m², includes more storage rooms, office spaces, change rooms, toilets, a kitchen/tearoom, and a depot, providing adaptable space for both operational and administrative functions. The third floor measuring +/- 79 m² contains equipment space and a lobby area, completing the building’s layout. Power for Building C was previously supplied by a freestanding generator, as there is currently no direct electrical supply to the property. This arrangement, however, could not be tested during inspection, and the status of the electrical systems remains unverified. This facility is well-configured to support postal or administrative functions, with flexible spaces across all levels for varied uses.

Property Location
The property at 378 Fox Street, located on Erf 401 in the suburb of Fairview, Johannesburg, is strategically positioned with frontage along Fox Street, Browning Street, Main Street, and Mordaunt Street. This extensive street frontage offers maximum visibility and exposure, making it ideal for a future business enterprise seeking a prominent urban presence. Situated at coordinates -26.2034, 28.0683, this area of Fairview is a well-established mix of residential, commercial, and light industrial properties, contributing to the dynamic character of the locale. The property benefits from excellent connectivity to major arterial routes, including the M2 and M1 highways, ensuring quick access to Johannesburg's central business district and neighboring areas. Public transport options, such as taxis and buses, are readily accessible, enhancing convenience for employees, clients, and visitors. Nearby amenities, including retail centers, restaurants, and service facilities, add to the suburb's appeal, supporting both commercial and residential demand. Positioned within a rapidly evolving section of Johannesburg, this property's extensive street presence and locality are aligned with current development trends, making it an attractive investment for a variety of business uses.

Disclaimer
Please note that when this was published, there was very limited information on the property available. We will update the latest information as soon as we have gathered more details.