In2assets is proud to present a unique and well positioned property in Johannesburg,

The property previously used as a Telkom Service hub offers the perfect opportunity to develop a multifaceted commercial and retail facility with numerous outlets or can be seen as the perfect spot to be used as a drive-in food outlet.

The unique corner shape with a large frontage to Stanley Avenue and with a footprint of ± 2,0 ha offers endless development options.

Location
This commercial complex is located in Braamfontein Werf, Johannesburg. Braamfontein Werf, often referred to simply as "The Werf," is part of the greater Braamfontein area in Johannesburg. It is located to the northwest of the main Braamfontein precinct, between the suburbs of Milpark and Auckland Park. The area is characterized by its proximity to major transportation routes, including the M1 highway, Empire Road and the nearby Jan Smuts Avenue. The locality benefits from excellent transportation links, including the nearby Johannesburg Park Station, which is a major railway station, and various bus routes. This makes it easily accessible from different parts of the city.
The area is close to major universities such as the University of the Witwatersrand (Wits) and the University of Johannesburg (UJ), making it a vibrant area with a large student population. Alongside creative and cultural spaces, there are also commercial and residential (especially student accommodation) developments, providing a mix of uses that contribute to the area's dynamic character.

Improvements:
The subject property comprises a commercial complex consisting of multiple improvements arranged into two sections, namely Block A and Block B, as well as a guard house and a transformer room. There is a cell tower located on the southeastern corner of the property. The accommodation features of each can be summarized as follows:

Block A:
Block A is situated towards the south of the property and consists of the buildings labelled A, M and N. The improvements consist of a large office building which is part single storey and part double storey in height, a carport and a garage / storeroom building. The office accommodation is spread over two floors and features a reception area, an open office area allowing for simple reconfiguration as and when may be required and numerous private/cubicle offices configured by way of drywall partitioning.

Block B:
Block B is situated towards the north of the property and comprises an expansive single storey office component, arranged in a rectangle configuration with an internal courtyard as well as other standalone office buildings with ancillary ablution facilities and conference facilities. Each building boasts a mostly open plan layout offering flexibility of configuration and uses. Private offices configured using drywalling can also be found in some of the buildings. Further to the above there are ample covered walkways connecting the individual buildings with one another.
The site is accessible from an entrance along Frost Avenue.

No movable assets will form part of the sale and are specifically excluded.

Conclusion:
This exceptional property represents a rare chance to acquire a prime potential commercial position in the sought-after commercial hub of Braamfontein. The property is seen as a great redevelopment opportunity.

This property forms part of a National Telkom Portfolio. To view all properties within this portfolio, please download the catalogue or contact us on info@in2assets.com.