Rivonia - Property Ref: f108665

Property
Description

Property Description 

82 Wessels Road is an office campus that has immediate access to the N1 highway via the Rivonia Road interchange. The property features eight distinct office blocks, currently of B-Grade, providing a good mix of office accommodation suitable for medium to large corporate tenants. These pristine, currently vacant office blocks offer flexibility for single or multi-tenant configurations. The site measures 22 826m² in total, made up of 9 631m2 on Erf 342 and 13 195m2 on Erf 343. The 8 individual office blocks each measure between +/-789m² and +/- 2 555m² to give a combined Gross Lettable Area of ±13 123m². Projected gross annual income of R18.89million (when fully let). The Metropolitan Office Park's versatile layout and favourable zoning create an opportunity for conversion into high-demand residential apartments or sectional-title residential complexes. Its existing Business 4 zoning and well-maintained infrastructure provide a significant cost and logistical advantage for any large-scale residential conversion. The campus also has potential for upgrading to A-Grade office applications to include:  

• Traditional office park    •   Serviced/shared office spaces     •      Owner-occupancy (corporate head office)      

Features

Prime Position In Rivonia With Excellent Access Onto The N1 Freeway

Well-maintained office park built across two large erven 

Gross Lettable Area: ±13 123m²

Combined Erf Size: 22 826m² (13 195m² + 9 631m²)

Zoning: Business 4

Two and three-storey configuration across the 8 component blocks 

A total of 528 parking bays (distributed across the basement and open areas)

Projected G.A.I of R18 897 120.00 when fully let

Flexible floor layouts for varied tenant installation

24-Hour access control and fully secured perimeter fencing

Office campus with highway frontage and accessible via  Wessel Road in Rivonia  

1 x N1 facing billboard generating additional revenue

A scalable asset that can be redefined to meet the evolving residential needs of the greater Sandton area.

Area Description

Rivonia is a prime mixed-use node located just north of the Sandton CBD. The area boasts a convenient location along Rivonia Road with direct access to the N1 freeway. Currently, Rivonia has a competitive commercial office market with properties ranging primarily between 500m² to 20 000m² in size. The suburb offers a vibrant mix of modern office parks, boutique retail centres and secure residential complexes. It offers a vibrant corporate environment that is popular with financial, legal, I.T and consulting firms. With its concentration of blue-chip tenants, flexible office spaces, and rapidly appreciating residential stock, Rivonia offers a compelling mix of stability and growth potential. 

Area Amenities

Gautrain Bus Stop                              0.88km

Sandton Medi-Clinic                           3.0km

Rivonia Village Shopping Centre       1.20km

Rivonia Primary School                      1.80km

SAPS Edenburg                                  1.35km