Lowest rate per sqm in Rosebank
Cnr Jan Smuts Avenue & Bolton Road | Rosebank | Johannesburg | 2196
Asking R10 000 per sqm - average rate in Rosebank is approx R20 000 per sqm
928sqm offices which could be subdivided
High quality finishes in an iconic building
Vacant occupation for an owner occupier or investor
Rosebank, a vibrant & exciting cosmopolitan suburb, is one of Johannesburg’s most sought-after locations for commercial and residential property.
In recent years Rosebank has seen a major commercial facelift, most notably in the redevelopment of The Zone @ Rosebank, the Rosebank Mall, and the migration of large corporate head offices to the area. Residential property has followed this redevelopment trend as the demand for high-end city-living in the area increases.
With its world-class shopping, restaurants, bars, schools, hotels and the Gautrain, all just meters away, Rosebank is an attractive option for city dwellers and for those whose offices are now in the area. It is within close proximity to other areas such as Sandton, so it benefits largely from the world-class road network in and around the area as well. Some prominent schools in the area include Rosebank Primary School, St Teresa's School, Kingsmead College, Vuleka Primary School and Saxonwold Primary School.
Add to this the rapid expansion of infrastructure, many of Johannesburg's premium shopping centres, gourmet restaurants, art galleries, a thriving nightlife, and a host of trendy cafes, bars and clubs, along with its prime location, and it's easy to see why it is predicted that Rosebank will continue to grow exponentially for the foreseeable future.
Rosebank is a well-established mixed-use commercial node which was one of the first nodes in
Johannesburg to benefit from the decentralisation of office users. The area is bordered by similar
nodes like Dunkeld and Hyde Park and is in close proximity to both the Illovo Boulevard office precinct
and the mixed-use Melrose Arch development. A few of Rosebank’s key advantages is that it is well-placed between central Johannesburg and Sandton, has a Gautrain Station and enjoys one of the best Live, Work and Play ratios in any South African Suburb. Its population has grown steadily year on year for the last 5 years.
Jan Smuts Avenue is one of the main arterials to and from the Johannesburg CBD. Major routes like the M1 highway are easily accessible. Amenities in close proximity include various educational facilities, Rosebank Medical Centre, various hotels and numerous large shopping malls.
Gautrain Rosebank Station is approximately 1km away and the property is on the Gautrain bus route.
President Place is located on the corner of Jan Smuts Avenue and Bolton Road in Rosebank, with the entrance along Hood Avenue. The subject property is located on the second floor of the North Wing.
The modern office unit comprises two reception areas, three boardrooms, 12 closed offices, an open plan office which accommodates workstations for 60 people, two kitchens, two filing rooms and a server room.
The unit is designed to accommodate two separate tenants if necessary – one occupying 368sqm and the other 560sqm. Alternative configurations may be possible as there are two entrances to the unit from the foyer. There are also 34 dedicated parking bays assigned to the subject unit. These parking bays have been rented to the tenant for the last 7 years.
The unit is accessed by means of three lifts, which are accessed by a security controlled common reception area.
Zoning and Title Deed Information
Description: Section 12 SS President Place (109/2009)
Title Deed Number: ST1587/2011
Registered Owner: Advatone (Pty) Ltd
Local Authority: City of Johannesburg
Unit Size: 928m²
Zoning: Business 1
Height Restriction: 7 Storeys above any basement
Coverage: 50% for offices and 90% for basement
Building Lines: 6m Street boundary and as per annexure to zoning certificate
Parking: As per Scheme
Section 12 SS President Place: 928m²
34 dedicated parking bays
The Seller is VAT registered and therefore VAT is payable by the Purchaser.
This property is being sold by way of a Private Tender process under a Sole Mandate with SAPX.
Interested parties will have access to the Property Brochure and NDA on registration on the SAPX website.
Should you wish to conduct a full Due Diligence on the property with a view of submitting an offer, you will be required to sign an NDA, register on ClicktoPurchase (CTP) and provide proof of funds or comfort from a financial institution that they would favourably consider an application from yourself for funding for the property in question. Please contact either Lance or PJ to discuss this requirement as it may not be necessary if you are known to our company or the Sellers.
FICA and KYC verification will be required on submission of an offer.
On successful review of your registration you will be granted access to the CTP data room. Besides all DD documentation, you will have access to the sale agreement which will not be conditional upon Due Diligence or Finance Approval, other than in exceptional circumstances.
The above process is followed primarily to ensure that only willing and able purchasers are involved in the final stage of bidding for the property.
Interested party/ies are required to submit their binding offer by no later than 15 December 2022. The Seller reserves the right to accept any offer prior to the deadline date but undertakes to instruct the Agent to inform all interested parties that there is an offer under consideration at least 5 business days prior to acceptance of that offer.
Please note that parties that wish to submit an offer will be required to sign a Power of Attorney with the Sale Agreement (all downloadable from CTP) to allow the agent to sign (in wet ink) and execute the sale agreement should it be accepted by the Seller.
The agent will present all offers to the Sellers (who also have access to CTP and therefore can view all offers submitted via this platform). The Seller will select the successful offer within 10 business days of the deadline date of 15 December 2022.
The agent will communicate same to the winning party and inform all other parties that have not been successful.
Offers will be assessed on, amongst others, the following criteria:
- The price offered
- Ability to perform and provision of comfort letter or proof of funds for the transaction in question
- Conditionality of the offer and timeline to conclude the deal
Should you have any queries regarding the process please contact either Lara or Kedibone.
SAPX is uniquely positioned to offer market-leading online sales and technology to deliver the highest quality property sales service for commercial property investments. We utilise clicktopurchase® (CTP) and the clicktopurchase® (CTP) Blockchain to provide an immutable and totally transparent audit trail in relation to the process of buying and selling property. CTP uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the CTP Blockchain. Since all events are held in Blockchain, absolute proof of actions are held in a tamper-proof manner. The level of corporate governance and trust provided, for both buyers and sellers, is unavailable elsewhere.
Lara Joffe 076 800 0778 email@example.com
Kedibone Bolofo 083 988 1740 firstname.lastname@example.org
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