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Auction Date: 31/01/2020     Start:     Commercial Property

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Commercial Property for Sale in Halfway House

Commercial Property for Sale in Halfway House Commercial Property for Sale in Halfway House Commercial Property for Sale in Halfway House Commercial Property for Sale in Halfway House

Commercial Property for Sale in Halfway House
Cnr Alexandra Avenue and 2nd Street, Halfway House, Midrand

A Landmark Commercial Investment Property Strategically Located In Midrand

PROPERTY SUMMARY
Superb corporate HQ measuring 6 340 sq.m
Tenant : Jasco Trading (Pty) Ltd
Triple Net Lease
Lease expires: May 2025
Net Annual Income (incl. parking) : R10 156 603.36
Rent Escalation: 6%

A large, landmark commercial investment property strategically located in Midrand with unobstructed road frontage onto the N1 freeway. Fully fenced and secure, the property is located within close proximity to the Midrand Gautrain Station and provides direct access to the Allandale Road and New Road interchanges with the N1 freeway. Local amenities include Gallagher Convention Centre and a broad range of educational and technology businesses.

This strategically located corporate HQ comprises three floors of secure access controlled open plan and individual office space. The accommodation also includes numerous boardrooms, a data center, strong rooms, kitchenettes, coffee shop and restrooms. Additional standout features include a 50 seater auditorium, atrium plus an indoor and outdoor entertainment area overlooking manicured gardens. The ground floor accommodation incorporates a warehouse serviced by loading bays. There are 303 surface car parking spaces surrounded by secure fencing. Entry into the property is via an access controlled boom and security guard house.

BUILDING’S FEATURES
24 hour security with electric fence and CCTV cameras.
Security guard house with boomed access control
122 shaded parking bays and 181 open parking bays
Access control throughout offices
Data center
Ground floor Storage space with access to loading bays
Canteen, coffee shop and entertainment area including bar
50 seater auditorium
Balconies and atrium
6 x walk-in strong rooms
Net Annual Income (incl. parking) : R10 156 603.68

Rental : R768 364.99 per month / R9 220 379.88 per annum

Parking : R78 018.65 per month / R936 223.80 per annum

ACCOMMODATION
Level 1 : 1 987 sq.m

Warehouse (Level 1) : 761 sq.m

Level 2 : 2 182 sq.m

Level 3 : 2 171 sq.m

GUIDE PRICE R75,000,000

Auctioneer Details

BidX1 SA Logo
BidX1 SA
Cnr Alexandra Avenue and 2nd Street, Halfway House, Midrand
Jordan_Brown@bidx1.com