Wednesday, September 3, 2008

PRIME PROPERTY IN CORPORATE PARK NORTH TO BE SOLD

South Africa's leading asset sales and services company, the Alliance Group,

is excited to announce the imminent auction of a prestigious property in

Corporate Park North. This light industrial park has a prime position on the

N1 between Johannesburg and Pretoria, located between Olifantsfontein and

the Samrand off-ramp. It has great exposure with fantastic signage

opportunities onto the N1.

Not only does Corporate Park have an unbeatable location, it also has a

fantastic mix of tenants and owner occupiers plus a very good security

infrastructure. The property for sale is a newly-built warehouse and office

development and is a gem for any corporate looking for space between

Johannesburg and Pretoria.

Currently there is a large office component measuring approximately half of

the gross building area. The option to convert the offices back into

warehouse space will not be a challenge. The net floor area is 9 565m2 and

is situated on two hectares of land. The property has been very well

maintained and current gross income is R400, 000 per month.

The present tenant is Telkom and the lease expires at the end of December

2008. The property is going on auction on the 17 September 2008 to be sold

with vacant occupation. It is perfect for an owner-occupier who wants a

world class office and warehouse headquarters with top class exposure onto

the highway in the Midrand area.

"The industrial market has been very strong of late and many large users are

still demanding further space. Properties of this calibre are very rarely on

offer and this landmark property will no doubt grow in value well into the

foreseeable future," says Neville Bear of the Alliance Group.

 

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