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Send  Share  RSS  Twitter  07 Nov 2011

PROPERTY: Two A-Grade Office Blocks in Sandton CBD

 





Recent Gauteng Business News

Auction Alliance recently sold two A-Grade office blocks in the Sandton CBD, offering a first rate development opportunity for R48.5 million.

“The property’s sale shows that despite the continued volatility in the real estate market, good quality properties in prime nodes continue to experience high demand amongst investors”, says John Hislop of Auction Alliance.

Office Blocks in Sandton CBD, A Prime Location


The properties are situated at 161 Rivonia Road, and occupy a prime location in the Sandton business district, within close proximity to the busy Grayston and Rivonia Road intersection. The properties are situated within reach of the Gautrain, JSE Securities Exchange, several major banks, hotels and retail facilities.

The two well-maintained double storey buildings feature similar layouts, and include basement parking, an open parking area and garden areas. The total land size of the properties is 4106m².

The Appeal of the Office Blocks in Sandton


“The property’s high exposure location within the country’s main financial hub, together with the limited availability of development opportunities in the area, heightens its appeal as a first-rate investment”, he adds.


 
 
 
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