Amazing investment opportunity in Midrand, Halfway House. These 3 amazing properties at a sale price of R37 million offers an xcellent investment opportunity to savvy investor. 3 properties up for sale at R37 million, which has a huge income potential for any prospective buyer.
Business Park is conveniently situated in the commercial hub of Midrand. Ease of access to main arterials and a central location makes for an expedient travel time of 25 minutes to either Pretoria or Johannesburg CBD. Midrand is a thriving business node that is home to some of South Africa's world class amenities such as: - Gallagher Estates - Convention centre - The Mall of Africa: The largest single phase mall development in South Africa. - Waterfall business node:
1st Property: Building detail: Land size 3 414.00sqm Office space: 3 051.00sqm Industrial space: 241.00sqm Other space: 122.00sqm Total lettable area (GLA) 3 414.00sqm Total parking bays: 135 bays, 7 open - 128 shaded bays
The property is a dual functional one, being a one and two storey office building and a smaller industrial one with driveway and parking areas. The improvements on the property are one extended office building and industrial one of an older style of design. Commercial office block with approx: 60 individual varied sized offices and a warehouse for sale in a 24 hour secure Park. Well maintained and ideal for owner occupation or as a multi-tenanted investment. -The offices have leases in place at a good rental rate and there is ample space if an owner also wants to occupy office and warehouse space.
The structures are one and two storey buildings, of rectangular and angular shapes, the office building is used as such and the industrial building is generally used as such with a gymnasium in a converted ancillary building an with ancillary facilities.
The property has garden areas with expansive concrete brick paved drive way and parking areas, precast concrete boundary walling with electric fencing. Some external yard and security lighting. The property also has a 250Kva standby Generator.
Market conditions: the market is large, the building is currently fully tenanted with income for the next year until the lease expires. This building has the potential of bringing in great income if let out as flexi offices to almost 10 different companies in the building at 37 Richards.
The Commercial office block is well maintained with a generator and has been recently painted - -The individual offices vary in size with excellent finishes, dedicated electricity and water meters.
2nd Property at 102 Richards Drive, Halfway House: Building detail: land size 8 565.00sqm Office space - 302.00sqm Industrial space including mezzanine - 1 355.00sqm Total lettable area (GLA) 1 657.00sqm
The property is a dual functional one, being an office building and an industrial/storage one with driveway and pen storage areas. The property benefits from having street boundaries on two sides. The improvements on the property are an offie bulding and an industrial one, both of an older style of design.
The structures are single storey ones, of rectangular shapes . the the office building is sued as such with some storage and the industrial building and yard areas are generally used for workshops and storage with ancillary facilities.
3rd Property land size - 8 481.00sqm Building detail: Office space - 654.00sqm Industrial space - 543.00sqm Total lettable area (GLA) 1 197.00sqm Total parking bays - 32.00 bays
This property has a single storey building with offices and a huge yard area with access from streets on two sides
32 years ago, the area of Midrand evolved – making this now populous region seem rather young in a country steeped in heritage and historical notoriety. Since its inception, it has seen quite an insurgence of growth, possibly because of its prime positioning between Johannesburg and Pretoria, which originally earned it the name “Halfway House”. Following the end of Apartheid, the town officially...
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