Monday

South Africa - Rosebank office node - latest property info - by Willem Tait


Was hoping you can assist in bringing a buyer for this Rosebank property

For more information on Rosebank or commercial property in South Africa, welcome to contact me, Willem Tait, CEO for PropX on willem@propx.co.za

PS: I do have an office building for sale, measuring 780sqm, exposure onto Jan Smuts Ave, asking price is R9.2mil


Herewith the latest on Rosebank, an office node in Johannesburg, Gauteng, South Africa

Rosebank is fast becoming Johannesburg's third-largest high-rise business centre, after Sandton and the inner city.
Rosebank offers great retail and new office developments. Same are well-supported by the surrounding residential nodes and the Gautrain station.

The highest demand during the first quarter of 2011 was for office space in the space bracket of 250 to 600 square metres, with leases ranging between three and five years, starting at 85 rand per square metre.
At the same time, the Rosebank management district and lower management district had been working in conjunction with various government and private partners to reduce crime, clean up the area and increase service delivery.

According to I-Net Bridge:

Standard Bank has a 60,000 square metre office development underway for its own occupation, the iconic 9,000 square metre Oxford Corner development is complete, the second phase of the Zone is complete, and the Rosebank Mall Shopping Centre is scheduled for a major upgrade and extension.

Nedbank Gardens and the fire station site on Bath Avenue are just awaiting a major tenant to kick-start their redevelopment. Plus 160 Jan Smuts Avenue - at the corner of Tyrwhitt Avenue in Lower Rosebank - is undergoing a massive upgrade.
Outlook for the next 12 months was that demand for space would continue to increase. However, since available space was also increasing actual sales could remain level.


04 July 2011 - Source I-Net Bridge and amended by PropX


More about me

I am a Commercial Property broker in South Africa and Africa and work with local and international property professionals, brokers and agents in concluding property deals.

-have been in the game for the past 15 years, leasing and selling commercial space and can also assist corporate tenants, buyers and sellers in finding, leasing and selling commercial property.

-absolutely enjoy working with other property brokers and property professionals on a commission split basis in concluding transactions.