Constantia Kloof (PIC Portfolio)

This freehold property is situated at the intersection of Panorama Drive and Golf Club Terrace in Constantia Kloof. Adjacent to Strubens Valley, Weltevreden Park, Helderkruin, and Allen’s Nek, Constantia Kloof is primarily a residential area with controlled access through traffic booms. Along its primary thoroughfare, Hendrik Potgieter Road (M47), Constantia Kloof hosts a well-established commercial precinct featuring a variety of retail and office spaces.

This property encompasses three erven, collectively developed with a two-story office block featuring a basement, shade-covered, and open parking facilities. The exterior showcases faced brick façades complemented by powder-coated aluminum windows, all sheltered by a pitched IBR roof. Surrounding infrastructure includes steel palisade fencing, brick paving for circulation and parking areas adorned with landscaping, and comprehensive access control.

Currently single-tenanted, WIRUlink occupies c.17 sqm of the office Gross Lettable Area (GLA) and utilizes 12 parking bays.

Title Deed Information

• Erf: Ptn 8 of 927, Ptn 9 of Erf 927 and RE of Erf 927, Constantia Kloof Ext.1
• Title Deed Number: T31654/2015
• Registered Owner: The Government Employees Pension Fund
• Local Authority: City of Johannesburg Metropolitan Municipality
• Extent: 3,190 sqm (807 sqm + 832 sqm + 1551 sqm)

Zoning Information

• Zoning: Business 4
• Height Restriction: 3 Storeys
• Coverage: 70%
• F.A.R: 0.4
• Building Lines: 5m along street boundary
• Parking Requirements: 4 bays per 100 sqm of office GLA

Tenancy

• Tenant: WIRUlink (Pty) Ltd
• Area: 320 sqm (ground floor)
• Lease term: Commenced on 1
• July 2023, expiring on 30 June 2026
• Rent: Current rent of R24,000 per month
• Escalation: 7% per annum

Covenant

WIRUlink (Pty) Ltd is a licensed internet and telephone provider, operating since 2010. WIRUlink is known for building, monitoring, operating and maintaining an advanced Fixed Wireless network in South Africa. The network and equipment are fully owned and managed by WIRUlink, and there is no reliance on third-party networks.