PROPERTY: Gautrain Station at Rosebank Augers Well for Property
Recent Gauteng Business News
With several Gautrain stations now operational and proving popular among commuters the forthcoming opening of the Rosebank Gautrain station – due for completion next year (2011) is creating interest in this prime located area, says Lia Pauley, leasing and sales broker for property services company JHI.
“As we’ve seen in Sandton, where the Gautrain is already up and running successfully, commercial property in close proximity to the Gautrain station is receiving increasing attention among commercial property investors and users. The Rosebank Gautrain station will be located underneath the road reserve of Oxford Road, in the key hub of this vibrant suburb, and will extend through to Sandton and then to Midrand, Centurion, Pretoria and Hatfield in the north of Johannesburg.
“A mix of retail, office and residential, Rosebank remains a major business district within Johannesburg and is recognised as having considerable potential for economic growth and development, which is expected to be further boosted by the forthcoming Gautrain station. We’re already seeing the extension of the Zone of Rosebank northwards, a new Holiday Inn Hotel, some office developments and refurbishments, while further development is in the pipeline.”
Pauley says just four blocks from the new Rosebank Gautrain station, in Jan Smuts Avenue, some 800-1000sqm of office space has become available in a well located building, in a prime position en route to Johannesburg CBD and Randburg, and marketed through JHI.
“With Sandown Motors (Mercedes Benz dealership) occupying a large area of the ground floor and Internet Solutions the major tenant – a factor which has attracted other IT companies to take up space, this property has ample back-up power while the foyers, passages and common areas were upgraded just two years ago. It is within walking distance of Rosebank’s busy burgeoning retail node and provides quick access to nearby Sandton, Illovo, Melrose and the highway.
Business News Sector Tags: Property|