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Date: 12/06/2019     BidX1 SA     Auction News

Well-positioned office and warehouse in Midrand offers development potential

Well-positioned office and warehouse in Midrand offers development potential

A sizeable, landmark commercial property strategically located with unobstructed road frontage onto the N1 in Midrand and with development potential is available for purchase on 3 July (2019) through BidX1 South Africa’s on-line property trading platform.

Comprising a corporate HQ office and storage warehouse with a gross lettable area of 4 464sqm, with development potential for a further 1 973sqm, the fully-fenced property is ideally positioned within a secure estate in Smuts Drive - adjacent to Midrand SAPS and just a short drive from the Mall of Africa.

Says Dave Murphy, chief commercial officer for BidX1 South Africa: “Conveniently centrally situated around the N1 highway between Centurion and Sandton, Midrand is home to many established, large-scale industrial operations and corporate head offices, including manufacturing, logistics/distribution and technology businesses.

“The ground floor of this property consists of an impressive double-volume lobby plus 1 040sqm of open plan office accommodation, canteen, kitchens, store and toilets. The basement includes a warehouse measuring 1 340sqm, together with additional offices, training facilities and toilets plus a further 268sqm of first floor offices, a kitchen and large balcony of 384sqm overlooking the N1 highway.

“With a reserve price of R29.5 million, this equates to R6 608 per square metre which represents very good value as the accommodation can easily be converted to suit a wide variety of businesses including offices, distribution, tech or education – as it sits within an educational hub.”

Fully fenced, the property includes a security guard house, surface parking of 111 bays – a generous four bays per 100sqm of gross leasable floor area, solar panels, patio areas, central air conditioning, naturally lit foyer and entrance.

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