| Address: | 198 Oxford Road |
|---|---|
| Suburb: | Illovo |
| City: | Johannesburg |
| Province: | Gauteng |
| Country: | South Africa |
| GPS co-ordinates: | -26,1306 , 28,04988 |
Illovo is a mixed-use commercial area bounded by Bompas Road in the south, Harries Road in the north, Melville Road in the west and a block up from Oxford Road in the east. The node is situated along the north-south Oxford / Rivonia Road arterial and is central to both the Sandton business district, Rosebank and more recently the Melrose Arch development. Access to the M1 freeway is via the Corlett Drive off-ramp. The Boulevard has attracted users in the financial and corporate sectors, such as: Brait, Webber Wentzel Bowens Attorneys, Mettle, Santam, Broll, Colliers RMS and the Kagiso Group. Major tenants have been attracted to the good infrastructure and urban management. Traffic congestion during peak hours does not prove a major constraint and its central position and accessibility to all the key business nodes in the city is advantageous. |
| Zoning: | Business 4 | ||||||
|---|---|---|---|---|---|---|---|
| ERF Number: | 109 | ||||||
| Township name: | Illovo | ||||||
| Land size: | 3716 m2 | ||||||
| Registered Owner: | AETERNO INV 115 PTY LTD | ||||||
|
|
| Asking Price: | R90 000 000,00 |
|---|---|
| Upside: | Owner will consider all market related clean offers. At 10.5% yield asking is R76M; at 12% yield asking is R66M. Prime location with 1300m2 retail, 3900m2 offices and 4.8 bays per 100m2 parking allowance. |
From Johannesburg:
>Take Joe Slovo Dr, M31, Houghton Dr and De Villiers Graaff Motorway/M1 to Venus St
>Continue on Venus St. Take Rudd to Oxford Rd/M9 in Sandton
>Sharp left onto Oxford Rd/M9, destination will be on the left
.jpeg)
