Lettable Commercial Office Building in Waverly On Auction

An office building with favourable revenue potential, ideally situated in Waverly,
Johannesburg will go under Park Village Auctions’ hammer on Tuesday, the 17th of
September.
That’s the word from PVA’s Clive Lazarus, who says that the office park directly
opposite Melrose Arch on the M1 Highway is primed for corporate tenants.
“Now is the perfect time to invest in commercial property of this nature, as demand
and rental growth are growing, particularly in Gauteng,” says Lazarus. He adds,
“Research suggests that tenants are seeking convenience and accessibility. This
property enjoys proximity to upmarket residential and travellers’ accommodation,
Melrose Arch with world-class amenities, and several fine recreational
establishments, including the Wanderer’s Golf Club.
“The 4 034 square meter premises boasts impressive office space, staff and
customer parking, and a generator. Between onsite and offsite facilities, corporate
tenants will find everything they need within arm’s reach.”
17 Scott Street, the property on offer, is a three-storey low-rise office building
comprising two office blocks, a security office, 19 basement parking bays, 26
uncovered customer parking bays, 3-phase electrical power via the City of
Johannesburg Metropolitan Municipality and a backup diesel generator.
The two office blocks each have a private entrance and foyer and provide direct
access to the basement parking. It must be noted that Block A at the front of the
property is part-way through a renovation that has been halted and, therefore, needs
restoration. The two offices and basement parking span an estimated lettable extent
of 1 704 square meters.
Lazarus: “The upcoming sale represents an excellent opportunity to acquire a well-
positioned property with much to offer tenants at a highly competitive rate and earn
handsome returns through letting.”
The auction will run simultaneously onsite and online from 17 Scott Street, Waverly,
on Tuesday, the 17th of September at 11 am.
For more detailed information, please visit website reference number 1636 at
www.parkvillageauctions.co.za, call 011 789 4375, or email
auctions@parkvillage.co.za.