Wedgefield, Bryanston (PIC Portfolio)

Bryanston is a well-established northern suburb of Johannesburg, surrounded by Fourways, Rivonia and Magaliessig. The area is bounded by the N1 Western Bypass, with Main Road (M71) being a key arterial route through the area. Bryanston enjoys a mix of property types, but predominately comprises of commercial properties along the main throughfares and large affluent residential suburbs. The property forms part of the Wedgefield Office Park at 17 Muswell Road which enjoys excellent exposure to William Nicol Drive. The N1 interchange is located approximately two kilometres to the north.

The property showcases a pseudo-Georgian architectural style, featuring B-grade offices spread across two levels, an underground parking facility, and an exterior adorned with neutral shaded face brick. The roof is elegantly tiled with clay, and the building incorporates covered balconies. Its orientation is towards the North, overlooking meticulously landscaped gardens and open parking spaces. The interior finishes are tailored to meet the specifications of the tenants. External enhancements encompass brick paving, while the property’s perimeter is safeguarded with access control, brick walls, and steel palisade fencing.

Title Deed Information

• Erf: 46 Bryanston
• Tenure: Freehold
• Registered Owner: Government Employees Pension Fund
• Title deed number: T35099/2011
• Local Authority: City of Johannesburg
• Extent: 10,799 sqm

Zoning Information

• Zoning: Special
• Floor Area Ratio: 0.20
• Coverage: 60%
• Height: 2 Storeys
• Building lines: 8m street boundaries and 5m along all other boundaries

Tenancy

Tenant: Chartered Accountants Medical Aid Fund (Pty) Ltd

• Area: 2,118 sqm
• Lease term: Commenced on 01 December 2022, expires on 30 November 2025
• Rent: Current rent of R254,160 per month

Covenant

The Chartered Accountants Medical Aid Fund (CAMAF), which was established in 1951, was originally designed for accounting professionals and offers superior benefits to qualifying members. The fund focuses on a niche market and provides a range of benefits that are competitive relative to most open schemes.