A 476 square metre, nine office, double-storey commercial building within the well-known Studio Park in Lonehill, Sandton will go under Park Village Auctions’ hammer on Tuesday the 1st of September.
That’s the word from PVA’s Anna Mahlangu who says that the premises makes for an excellent co-working environment and therefore represents a favourable opportunity for buy-to-let investors.
Mahlangu: “Co-working, or shared office space, is the new normal as a result of the COVID-19 pandemic. Businesses have downscaled their office requirements to lower costs, opting for hot-desks and even hot-boardrooms instead.”
The commercial premises on offer takes the form of a double-storey office block with an entrance foyer featuring a reception service counter and a general storeroom, four private offices, two additional storerooms, a staff kitchen and a staff cloakroom fitted with a shower on the ground floor.
The first floor (accessible via staircase) comprises a landing reception area, five private offices, a staff kitchen, cloakrooms, and a small balcony that overlooks the front entrance.
Together, the floor space measures 476sqm’s, and the unit includes eleven parking bays.
“Studio Park is a well-known business park in Lonehill, Sandton, that is secure and well-maintained,” says Mahlangu, “It’s centrality to Fourways, Midrand, Woodmead and Sandton CBD adds to its appeal.”
The office park is less than 2km from Witkoppen Road and 7km from N1 highway. Nearby amenities and attractions include Pineslopes Spar (famed for its deli and hot food selection), Montecasino and Design Quarter.
The sale of block number 9, Studio Park Business Park, 5 Concourse Crescent Corner Calderwood Road, Gauteng will commence at 11am on-site. Viewing will take place one house before the auction.
As eve, strict hygiene and safety measures will be in place. No one will be allowed to attend without a mask.
Further details can be found on www.parkvillageauctions.co.za under web reference 577.