News > news - 09 Sep 2008
A prime located six-hectare piece of vacant commercial land in Midrand, Gauteng has become available for purchase, situated just 3.5km from the Midrand Gautrain station next to Grand Central Airport.

Priced at R30 million and marketed by Pam Golding Commercial, the land comprises two adjacent erven each of just over 3ha in size and which are being sold as one property. Situated at 27 and 28 Austin Road, Glen Austin - opposite Randjespark South - the site is on the southern corner of Olifansfontein Road and Old Pretoria Main Road, approximately 800m from the Olifantsfontein off-ramp from the N1. It is zoned commercial 1, which includes a variety of uses including offices, light industrial, warehousing and distribution.

Comments Geoff Stroebel, GM for Pam Golding Commercial: "Being so well positioned with excellent access to major routes and in particular being within such easy reach of the Midrand Gautrain station adds enormous appeal for this property for use as an office park, particularly as one simply cannot find land of this nature available in such a prime location. In addition, the nearby successful Randjespark South is characterised by a mix of small distribution, warehousing and offices, so the model proposed for this available 6ha site could be similar.

"The close proximity of the Gautrain Station to the site is a major plus factor, given that the Midrand Station is one of only eight Gautrain Stations on the north/south line running from Hatfield in the north and Park Station in the south. This is coupled with the fact that there is ongoing high demand for office accommodation in Midrand, an area which has enjoyed sound growth over the past 10 years and is home to many major industries," he says.

Lelane Leach, PGC's leasing and sales consultant who is marketing the property, adds that the development taking place around the nearby Gautrain Station - including Old Mutual's ZonkiSizwe development - will impact positively on the entire area, including property values over the medium to long term.

"The Gautrain rail is being constructed to the immediate west of the property and is already a massive structure coming out of the ground, which extends over the corner of Olifantsfontein Road and Old Pretoria Main Road. As a result, this will provide good exposure for the 6ha site we are marketing. In addition, this entire intersection is to be modernised and reconstructed, which will also significantly improve access to the site," says Leach.

"The property marketed is in the Glen Austin area which originally comprised smallholdings, hence the good size of this parcel of land, making it ideal for development as an office park with attractive surrounds. The easy access via major routes, including the Gautrain Station, would be a huge benefit for employees in terms of staff commuting to and from work," she says.

For further information contact Lelane Leach of Pam Golding Commercial on 011 3010600 / 084 494 1055 or email lelane.leach@pamgolding.co.za.

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