Property Details
A prime, high-security office park investment in a prestigious Johannesburg node, offering strong tenancy and significant upside potential.
Overview
This prominent office park, nestled in the heart of the prestigious Parktown district, presents a compelling investment opportunity. The property is strategically designed to offer tenants an ideal business environment, combining robust security, exceptional accessibility, and premium amenities. With a substantial Gross Lettable Area (GLA) of 16,620 m² and a diverse tenant profile, it represents a stable asset with clear potential for enhanced returns.
Investment Highlights
Prime Parktown Location: Situated in Johannesburg's first suburb north of the CBD, a wealthy and established commercial and academic hub.
Strong Security Protocol: Features include 24-hour security personnel, electronic access control at all entrances, and perimeter electric fencing, ensuring a safe environment for occupants.
Exceptional Accessibility & Parking: Unmatched convenience with a total of 540 parking bays (413 basement + 127 open). Proximity to major highways, Rea Vaya BRT, bus routes, Gautrain Park Station, and taxi services.
Premium Tenant Profile: Anchored by a mix of reputable national and professional firms, providing stable rental income.
Significant Value-Add Potential: With a current vacancy rate of 28.78%, there is substantial opportunity to increase the net operating income through strategic leasing, offering an attractive upside for investors.
Modern Infrastructure: The building is equipped with essential telecoms infrastructure to meet the needs of modern, high-demand businesses.
Property Details
Gross Lettable Area (GLA): 16,620 m²
Current Occupancy Rate: 71.22%
Current Vacancy Rate: 28.78%
Parking: 540 Bays Total (413 Basement, 127 Open)
Location & Amenities
The property benefits from an unparalleled location:
Proximity to Key Nodes: Minutes from Rosebank and Killarney.
Academic & Institutional Neighbors: Close to the Wits University Campus & Wits Business School, the Constitutional Court, and major corporate offices (e.g., KPMG).
Transport Links: Within a short walking distance of the Gautrain Park Station, Rea Vaya bus routes, and major taxi services.
Mixed-Use Surroundings: The immediate area comprises a mixture of commercial office and residential property, ensuring a vibrant urban environment.
Tenant Occupancy Profile (Notable Tenants)
The property is leased to a strong roster of creditworthy tenants, including:
ODEK Technologies (PTY) LTD
Bafana Ncube Incorporated (Legal Services)
Manufacturing, Engineering and Related Services SETA (MERSETA)
Tshikululu Social Investments NPC
Regus BC Habb (PTY) LTD (Serviced Offices)
Ideal Investment For
This property is an excellent opportunity for:
Institutional Investors seeking a core, well-located asset.
Portfolio Managers looking to diversify with a property offering strong value-add potential.
Private Equity & Investment Groups interested in a strategic Johannesburg holding.