Waterfall Close (PIC Portfolio)_Property for Sale
Waterfall Close (PIC Portfolio)_Property for Sale
81 Bekker Rd Vorna Valley, Midrand, 1686, ZA

Waterfall Close (PIC Portfolio)

Asset Description

Vorna Valley is an established node within Midrand. The recent addition of the Mall of Africa and the Waterfall City development have greatly enhanced the appeal of the area.


The property is situated in the access controlled Waterfall Business Park, which enjoys access from Bekker Road, a key road parallel to the N1 National Road and linking up to Pretorius Street which connects to Allandale Road. The Waterfall Park development is a large development, offering a number of different property types. The main entrance to the Park is on Mac Mac Road, where visitors are required to sign in. The property can be accessed from Howick Close and Mahai Close.


Description

The wholly-owned Sectional Title Scheme comprises of 23 sections in the Waterfall Close sectional scheme. This property has two separate buildings each following a simple rectangular shape with double storey offices.


The buildings follow a basic design, with the exterior façade being two-tone face-brick. The sectional title units are of varying extents and configurations. Various doors allow access into the buildings, with stairs allowing access to the first floor.


Internally the units have split air-conditioning and the floor coverings are primarily tiles and carpets.


Ablutions are shared and these are accessed from the common areas.


Open parking is available in front of the buildings, with the buildings also offering basement parking.


The park is well maintained, with neat gardens and landscaping.

...

Attributes

Zoning
Special
Land area gross
32,238 sf
Rentable area
37,534 sf
Year built
2000
Number of units
23
Parking spaces
155

Media

Investment Highlights

  • A wholly-owned Sectional Title Scheme located in Waterfall Park


  • The Sectional Title Scheme is made up of 23 sections measuring 2,995 sqm in total. When the common areas are added the GLA amounts to 3,638 sqm


  • The property currently only has 1 tenant occupying 569.10 sqm, occupied by a single tenant, offering a great opportunity for an owner occupier, speculator or conversion specialist


  • The property enjoys easy access from and exposure to Bekker Road


Zoning and Title Deed Information


Title Deed Information

  • Erf: Sections 1 to 23 of plan 1016/1995 known as Waterfall Close Situated at Erf 1340 Vorna Valley
  • Ext 21 City of Johannesburg Gauteng
  • Title Deed Number: ST50770/2011
  • Registered Owner: Government Employees Pension Fund
  • Local Authority: City of Johannesburg
  • Extent: 2,995 sqm

 

Zoning Information

  • Zoning: Special
  • Height Restriction: 3 storeys
  • Coverage: 40%
  • F.A.R: 0.4
  • Building Lines: 5m metres along street boundaries
  • Parking: As per scheme clauses


Waterfall Close (PIC Portfolio) 4_Property for Sale
Waterfall Close (PIC Portfolio) 4_Property for Sale

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Waterfall Close (PIC Portfolio) (0 Properties)

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Last updated
21 Oct 2024