10 Junction (PIC Portfolio)

Nestled along Junction Avenue in Parktown, this property enjoys a strategic location within the Parktown node, positioned 3km north of the Johannesburg CBD and 5km south of Rosebank. The surrounding area is distinguished by a blend of commercial offices, healthcare establishments, and educational institutions, harmoniously enveloped by well-established residential suburbs.

Conveniently situated within walking distance of both the Rea Vaya Bus Rapid Transit Route (BRT) station and the Gautrain Bus Route Station, the property ensures easy accessibility and seamless connectivity. Boasting direct access to Empire Road, a primary thoroughfare for major public transport routes, it facilitates swift connections between the CBD and the northern, southern, eastern, and western suburbs.

The node is surrounded by notable amenities, including esteemed tertiary institutions such as Wits Education Campus, Wits Health Sciences Campus, Central Johannesburg College, and Roedean Senior School. Healthcare needs are met by proximity to renowned hospitals such as Johannesburg General, Charlotte Maxeke Johannesburg, Nelson Mandela Children’s Hospital, Netcare Park Lane (adjacent to the property), and Life Brenthurst Clinic. Additionally, residents can enjoy the natural beauty of The Wilds Nature Reserve and Pieter Roos Park.

Description

Comprising two interconnected multi-storey buildings in a rectangular configuration, this property consists of Block A and B, standing at four and five storey respectively.

Presently, the Road Accident Fund (RAF) occupies 60% of the total office Gross Lettable Area (GLA), amounting to 10,410 sqm. Additionally, a new tenant manages a canteen on the ground floor of Block A, occupying 445 sqm with a rent-free period until March 31, 2023. Notably, there is currently 3,465 sqm of office GLA available for lease.

The property offers 334 parking bays distributed between open and basement spaces, accessible through a one-way entrance and exit system along Junction Avenue. The buildings feature a concrete frame adorned with face brick walls, powder-coated aluminum elements, and concrete roofs. Internally, the offices are air-conditioned, equipped with suspended ceilings, and include a mix of open-plan and drywall-partitioned offices, kitchenettes, and storerooms. Passenger lifts in each block facilitate access to the upper floors across both Block A and B.