112 Grayston Drive, Sandown, Sandton, South Africa

Dati

The site measures with a GLA of approximately 10,424m2 . This is a Grade A office building and street-facing Grayston Drive. The building includes an auditorium, boardrooms, conference facilities, swimming pool, tennis courts, 4(four)blocks of partially double storey with 2(two) of the blocks having lower ground levels of accommodation facilities with a capacity of 121 rooms.

The property is a regular shaped stand with a downslope from southwest to northwest and largely level topography. The super structures are brick and mortar with palisade fencing, and the roof structure is a combination of slate, concrete slab and two transparent sky roof portions. The windows are aluminum with glass insets throughout. The internal flooring is a combination of vinyl, carpets, tiling and screed.

Parking areas and driveways have been paved with interlocking pavers. The on-site parking consists of open parking, shade net steel, solar and structured carports including garage. The property has reserved water tanks and borehole water storage including generator with diesel tanks.

The property is currently vacant with mobile telecommunications tower lease agreements with both Vodacom and I.H.S.

The property has a potential to be rezoned to business 1 based on land use rights which will allow for mixed use of commercial and residential given that the property is surrounded by hotels, residential and commercial buildings. Based on the bulk potential of 2.1 will allow for a GLA of approximately 99,930.6 sqm.

Parking requirements would be as per the scheme.