Details:
The ideal capital investment!
This Office Park is a prestigious “A” Grade
Commercial Office Park situated in suburban Randburg
in close proximity to popular shopping centres such
as Cresta, Hyde Park and Sandton. Since its phased completion
in 1999, it has attracted quality tenants and has consistently
commanded the highest rentals in Randburg.
The Office Park has attracted stable tenants with a
long-term view with respect to tenancy and although
the maximum lease term in the office park is five years,
several tenants have opted to extend their leases. This
company has eight individual shareholders of which three
are Architects, two Quantity Surveyors and one Structural
Engineer.
Below follows a short description giving salient features
and financial information on the
Office Park:
- GROSS LETTABLE AREA:
5638m², spread over 5 individual 2-storey buildings
with basement parking.
- PARKING:
Basement: 125 bays
Carports: 52 bays
Open: 68 bays
Total: 245 bays
Parking ratio: 4,35 bays/100m²
- CURRENT MARKET RENTALS:
The current, market related gross rental achievable
in the Office Park is between R55 and R59/m²,
depending on the size of tenant, length of lease etc.
These rentals are generally subject to 10% - 12% escalation
per annum.
- SECURITY:
Access by means of remote controlled security gates
Electric fencing
Armed Response (ADT Security)
Live-in Office Park Manager
As mentioned above, this Office Park has consistently
attracted high quality, stable tenants.
The Office Park is privately owned by the eight individual
shareholders and, further, is privately managed and
maintained by the construction professionals.
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