12,379m² Office For Sale in Marshalltown, CL34592

Details

Prime Commercial Property in Main Business District - On Auction 16 October

On Auction 16 October - Prime Commercial Property in Main Business District

Located at 17 Harrison Street in the heart of Marshalls Town, Johannesburg, this towering 12-storey office building offers a substantial presence in a prime urban setting. With a Gross Lettable Area (GLA) of approximately 12,379 square meters, this property provides a significant amount of office space, ideal for large enterprises seeking a central location with room for expansion. The building's ground floor adds to its versatility, offering potential for retail or customer-facing operations.

The property includes 147 parking bays, ensuring convenience for both staff and visitors. Currently, the building has an occupancy rate of 6.43%, with a corresponding vacancy rate of 93.57%, presenting a valuable opportunity for repositioning or redevelopment to suit a new tenant's requirements. Held under freehold title, the property grants complete ownership and control over the land and building.

Zoned as “Business 1,” the property is ideally suited for a variety of commercial uses, benefiting from its strategic location in Johannesburg’s bustling business district. The erf extends over 1,983 square meters, offering additional possibilities for development or improvements. This office building stands as a notable investment opportunity, providing both scale and potential in a vibrant urban market.