Lynwood office to be auctioned

Posted On Thursday, 14 January 2010 02:00 Published by eProp Commercial Property News
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Lading asset sales and services company, Alliance Group, will on the 9th of February at 12h00, be auctioning off a prime office building in the well-known Lynnwood suburb of Pretoria East.

Property-Housing-ResidentialThe auction takes place at The Southern Sun Hotel, Grayston Drive.

This property has an excellent position, being in close proximity to the Gautrain station, N1 highway, Loftus Versfeld, CSIR and various shopping malls.

A good demand exists for property rentals in the area, and one can expect to pay between R85 per m2 and R120 per m2 for office buildings in the surrounding areas. Parking bays are also rented out for around R300 – R350/parking bay.

The property consists of a gross lettable area of +-1500m2 and ample parking (75 bays) is available on the stand of 3237m2. This prime building is currently vacant as a result of the owner relocating and tenants will be very easy to come by. The building is in immaculate condition, strong in structure and requires little maintenance.

As far as technology is concerned, the building has a server room with networks installed on all floors. A PABX telephone system, which links reception with all offices, ensures excellent internal communication.

The property also boasts a fully equipped kitchen and sizable walk-in safe room.

This property offers a valuable investment opportunity in an area which by all accounts is set to grow in value in the near future as a result of the Gautrain station, which will offer even better access to the already close N1.

Last modified on Wednesday, 18 June 2014 14:32

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