The Hub on Bryanston Drive is the latest commercial property investment opportunity from Renprop Commercial, which is ideally suited to business owners and entrepreneurs who would prefer to own their office space as opposed to renting, although rentals are also available.
“For business owners who want to create wealth through property, we are offering an opportunity to purchase A-grade office space. Those opportunities are long gone in prime commercial areas like Sandton and Rosebank CBD, where today the property owners are mostly JSE listed funds. This development will enable investors or owner occupiers to purchase office space in the Sloane precinct. An executive commercial hub – where you can own alongside blue chip companies such as AVI, Di Data, Tiger Brands, Microsoft and Nestle, among others,” says Divisional Head of Renprop Commercial, Mike Walters.
According to Walters, businesses could be creating wealth for their shareholders by paying off an appreciating asset if they chose to buy their office space and remain there for a period of longer than eight years. “For a business with the capital to do so, purchasing office space is a good investment option, as it will provide a long term investment that will either match inflation or outstrip it in terms of growth. As the capital value of the property increases, so will the company’s investment and asset base,” he says.
He adds that investing in the space which the business occupies is a key creator of wealth for the shareholders and can also serve as an additional plan for retirement. “The key to purchasing a commercial property is finding a location that meets all the needs of the business, while positioning the business within proximity to major amenities and business hubs. This is exactly what The Hub on Bryanston Drive offers potential investors as it is well situated close to a range of amenities, and also enjoys easy access to all major transport routes to and from major Gauteng CBDs.”
Walters says that in recent years with the decentralisation of commercial nodes, the northern suburbs of Johannesburg have increasingly seen commercial office space development take place to service the ever-growing concentration of people who live there.
It is for this reason, among others, that Renprop Commercial is offering sectional title office suites for sale or for rental in The Hub on Bryanston Drive, which is well located with good access via Main Road and William Nicol Drive and offers high visibility on Bryanston Drive.
Designed by award-winning architects, Paragon, The Hub on Bryanston Drive is one of the last “ready to go” sites in Bryanston that has access to power supply and all the zoning and regulatory requirements finalised. The development will offer a total of 22 000m2 A-grade office suites which are available for purchase starting from sections of +-500m2, and will be priced at approximately R23 000/m2.
Walters says that The Hub on Bryanston will boast a contemporary look and feel with a top-class fittings and finishes. There will be ample parking available, with the plans allowing for approximately five parking bays per 100m2, while security will include a perimeter wall and access control.
“The designs are in the process of being finalised and we plan to break ground later this year, with occupation anticipated at the end of 2014,” Walters concludes.
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