PROPERTY: The Gautrains Impact on Business Locations
Recent Gauteng Business News
With traffic congestion and access to key transport routes playing an increasing role in choice of business locations, the progress in construction of the Gautrain stations is viewed with considerable interest by those seeking either to relocate or lease business premises, says David Reid, manager for JHI's broker services in Gauteng.
"Coupled with this is the fact that as we are just beginning to see a recovery in the economy, the business sector remains focused on achieving optimum value for money. However this need not necessarily be at the expense of quality or a conveniently situated, good location.
"Currently there is some prime office space available at highly competitive rates, in arguably one of the most convenient locations to be had, in Isando Business Park in Kempton Park – adjacent to Rhodesfield Gautrain Station, which is expected to be operational in June 2010, and just three kilometres from OR Tambo International Airport. The office park also affords easy access to major traffic networks, including the R24, via access points at Barbara and Griffiths Roads. In addition, negotiations are under way to secure direct access to Isando Business Park from Rhodesfield Station.
"Being so strategically located, and a fully-fledged, brand new Gautrain Station, Rhodesfield Station will have a marked and positive impact on commuters from a far-reaching catchment area, as it now makes areas such as Airport Industria – which includes Isando – much more accessible with a greatly reduced travel time. For example, those living in Midrand and working in Isando Business Park would have a 20 minute train trip, compared with approximately a one-hour journey by road," says Reid.
JHI are currently marketing office accommodation within Isando Business Park which, as leasing and sales broker Lee Greyvenstein points out, are comparable if not better than sought after office parks in Bedfordview, Brumer, Parktown and Rosebank and Brooklyn in Pretoria, yet at about a third of the rental rate.
"Being a well-established and secure business park in a pleasant, park-like environment, and with abundant parking, provides greatly added appeal for employees and those such as existing tenant, OneTime Airlines. Other businesses in this area include freight, courier and distribution companies, as well as a host of others, making this location attractive for businesses providing services or products to this sector," he says.
Ranging in flexible sizes from 800-1500sqm, B Plus office accommodation is available at R40 per square metre and upmarket warehousing R35 per square metre, with parking additional at R180 per bay per month.
Says Greyvenstein: "In other comparable office parks rates range from R90-R120 per square metre. However, at Isando Business Park tenant installations are negotiable while interiors can be upgraded to A grade finishes to suit tenant preferences – all included in the package for those committing to leases of five years or more."
Business News Sector Tags: Property| Business|