Situated in the vibrant core of Johannesburg Central, directly alongside Gandhi Square, the Foschini Building at 105 President Street presents an outstanding investment and development prospect. With a Gross Lettable Area (GLA) of 6,305m² spread across eight floors, the property offers exceptional flexibility for a variety of uses, including retail, office, or residential conversions.
The building is currently anchored by Jet Clothing, occupying ground-floor retail space with an occupancy rate of 44.1% as of January 2025, ensuring a foundation of stable rental income while leaving ample room for value enhancement through increased tenant uptake.
Key Features
GLA: 6,305m² over 8 floors, plus basement level
Parking: 100+ dedicated bays for tenants and visitors
Storage: Secure basement storage for operational needs
Anchor Tenant: Jet Clothing, providing reliable income stream
Zoning: Flexible, supporting both commercial and residential use
Location: Adjacent to Gandhi Square, the Game Building, and within walking distance to major transport hubs
This centrally positioned asset benefits from high foot traffic, excellent visibility, and seamless access to Johannesburg’s transport network and main arterial routes. The surrounding precinct is undergoing significant urban renewal, creating strong demand for both retail and residential spaces, particularly student housing and mixed-use conversions. With its combination of a strategic location, a reputable anchor tenant, and development flexibility, the Foschini Building represents a rare acquisition opportunity in one of Johannesburg’s most active and high-demand CBD nodes. The property also includes modern amenities such as 24/7 security, access control, wheelchair accessibility, and a backup generator, enhancing both tenant appeal and operational efficiency.
Price: R22.5 million (negotiable)
This is an ideal acquisition for developers and investors seeking to unlock long-term capital growth while benefiting from immediate rental income. Whether repositioned for residential conversion, student accommodation, or expanded retail use, 105 President Street offers immense potential within Johannesburg’s thriving urban renewal market.
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