27 Year Lease of ± 31 500 m² in ACSA Park

27 Year Lease of ± 31 500 m² in ACSA Park

AUCT-001127 | On Auction

20 Jones Road, Jet Park, Boksburg, Gauteng


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Leasehold Property + 2 x Vacant Land. 20 Jones Road, Jet Park, Boksburg

Close to OR Tambo International Airport | ± 27 Year Lease remaining| Modern double storey office block | Total Gross Floor Area ± 5 662 m² | Total GLA: ± 3 336 m² | 162 Parking bays | Vacant occupation| Vacant land ± 16 987 m² & ± 6 595 m²

The subject property is situated in the industrial suburb of Jet Park which forms part of the Ekurhuleni Metropolitan Municipality – Kempton Park. It is well located on Jones Road within ACSA Park. The subject property has excellent access to the R21 Highway via the Griffiths Road off ramp as well as from the Rondebult Road off ramp on the N12 Emalahleni (Witbank).

The O.R Tambo International Airport is approximately 5km away. Apart from the many amenities available within this industrial node, the East Rand Mall and the Boksburg commercial node are approximately 2km away.
This property is made up of 3 Leased areas being Leased Area 2, 3 and 4. Lease Area 2 is an undeveloped fully fenced property within ACSA Park. The property is located on Jones Road with easy access to the R21 which links to Boksburg to the south and Pretoria CBD to the north.

The extent of the land is 16,987m2. The property Contour has a gentle rise from south-west to north-east.

Lease Area 3 comprises a double-storey, free-standing office building in ACSA Park with basement parking and additional storage. This site has an extent of ± 7 912 m2.

The two-storey building has a total GLA of approximately 3,336m2 (excl. basement parking bays) with 162 covered parking bays (69 basement parking bays and 93 shade net covered parking bays). There are various storerooms in the basement.

The interior features a double volume reception area with a mix of open plan and private offices as well as a large boardroom and a server room. There are separate male and female ablutions as well as kitchen facilities on each floor. The building is fully air-conditioned and equipped with a security alarm system.

The property is fully fenced with palisade and electric fencing and further host a security house at the gate.
The property will be sold with vacant occupation.
Leased Area 4 is an undeveloped fully fenced property within ACSA Park. The property is located on Jones Road with easy access to the R21 which links to Boksburg to the south and Pretoria CBD to the north.

This leased land has an extent 6,595m2 and the Contour has a gradual rise from south to north
Remaining term on “ACSA” land lease: ±27 years (expiry date: 31 March 2046)

Land lease rental payable to “ACSA” once the site has been developed:

- 20% of gross income (for the period up until 31 March 2030)

- 25% of gross income (for the period from 1 April 2030 up until 31 March 2046)

Commercial Type:
Commercial Building
Web Reference:
AUCT-001127
List price:
POA
Address:
20 Jones Road, Jet Park, Boksburg, Gauteng
Auction Venue:
Royal Johannesburg & Kensington Golf Club
1 Fairway Avenue
Linksfield
Johannesburg
Gauteng
Auction Date:
27 November 2019 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required
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Auction Date: 27 November 2019 11:00 am

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