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“A” grade office space in Sandton up for auction

Posted On Tuesday, 24 August 2010 02:00 Published by eProp Commercial Property News
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Rare investment property opportunity comes to market in September.

Property-Housing-ResidentialAn “A” grade office block in the heart of Sandton will go under the Auction Alliance Gavel in September. The property is situated on 10 Benmore Road, Morningside, just off Grayston drive, one block away from the newly redeveloped Benmore Shopping Centre.

It has a gross lettable area of 1,400m² and is situated on a plot of 4,000m², allowing for additional development. The property consists of 74 parking bays and is suitable for an owner/occupier to possess their own stand alone office block in the heart of Sandton.

The location and stature of the property lends itself to be an ideal opportunity for a corporate head office.
The site falls into the Sandton Redevelopment node, which allows high rise developments. Comparable stands have been achieving heights of 15 - 20 stories, with coverage of 60%, which result in bulk of 36,000m² – 48,000m². The property also consists of a billboard, which adds to the revenue stream. 
“Properties within the Sandton central business district are tightly held and rarely come onto the market,” commented Warren Aronson of Auction Alliance.

The auction takes place on September 15 at 12pm at The Southern Sun Hotel, Grayston Drive, Sandton. 

Last modified on Thursday, 12 June 2014 16:02

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