A buy-to-let dream sale

Lonehill commercial property an excellent co-working space

● A 476m², nine-office, double-storey commercial building in the well-known Studio Park in Lonehill, Sandton, will go under the Park Village Auctions (PVA) hammer on Tuesday.

That’s the word from PVA’s Anna Mahlangu, who says the premises make for an excellent co-working environment and therefore represent a favourable opportunity for buy-to-let investors.

“Co-working, or shared office space, is the new normal as a result of the Covid-19 pandemic,” said Mahlangu.

“Businesses have downscaled their office requirements to lower costs, opting for hotdesks and even hot-boardrooms instead.”

The commercial premises take the form of a double-storey office block with an entrance foyer featuring a reception service counter and a general storeroom, four private offices, two additional storerooms, a staff kitchen and a staff cloakroom fitted with a shower on the ground floor.

The first floor — accessible via staircase — comprises a landing reception area, five private offices, a staff kitchen, cloakrooms and a small balcony that overlooks the front entrance.

Together the floor space measures

476m², and the unit includes 11 parking bays.

“Studio Park is a well-known business park in Lonehill, Sandton, that is secure and well maintained,” said Mahlangu.

“Its centrality to Fourways, Midrand, Woodmead and the Sandton CBD adds to its appeal.”

The office park is less than 2km from Witkoppen Road and 7km from the N1 highway.

Nearby amenities and attractions include Pineslopes Spar, known for its deli and hot food selection, Montecasino and the Design Quarter.

The sale of block No 9, Studio Park Business Park, 5 Concourse Crescent, on the corner of Calderwood Road, will commence at 11am on site.

Viewing will take place one hour before the auction.

Strict hygiene and safety measures will be in place. No one will be allowed to attend without a mask.

Further details can be found at www.parkvillageauctions.co.za under web reference 577.

For all auction-related information, contact Park Village Auctions on 011-789-4375, or go to www.parkvillageauctions.co.za