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BEREA - RESIDENTIAL PROPERTY, COMMERCIAL PROPERTY, DEVELOPMENT PROPERTY, GENERAL AUCTION ROOM, HOSPITALITY PROPERTY, INVESTMENT PROPERTY, RETAIL PROPERTY

THE ICONIC PONTE CITY IS NOW FOR SALE BY PRIVATE TENDER!

DESCRIPTION:

Ponte Towers is one of the most iconic buildings in the city of Johannesburg and it stands out as a prominent part of the infamous skyline. This remarkable building has a unique design, boasting a cylindrical shape with an open and hollow core serving several different purposes, one of which is a sought-after location for film shoots. it also allows additional light into the over 480 apartments which are contained within this skyscraper. Ponte boasts a height of 173 meters with a site area of approximately 12 414m².

This building has been through a large volume of change which has seen it grow and evolve alongside the city. In the late 1970’s after its completion, Ponte City was the most desirable place to stay and was held in extremely high regard. However, in the 1990’s, this began to shift as there had been a rapid decline in the surrounding areas. In the mid-2000’s, there was a change in ownership which led to a complete revitalization of this monumental building. The tenancy rapidly improved and the overall state of Ponte City wascompletely overhauled and taken back to its former glory.

Ponte Towers remains a well rounded asset with secure income while still holding its place in African architectural folklore. The large signage at the peak of the property is the largest sign in the Southern hemisphere and is visible all the way to Midrand.

Register to make your offer to tender today!

FEATURES:

  • Over 480 residential units of which 85% are let
  • A 5-star rated AirBnB
  • Over 500 covered parking bays
  • Prime retail space with strong income and upside
  • One of the largest signs within the Southern hemisphere
  • Additional bulk with business zoning
  • Prime opportunity with massive upside potential or plug and play income-generating asset
  • Strong occupancy with strong income
  • One of Africa's most iconic buildings
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