The twin office blocks are located in the heart of Rosebank opposite the Sasol head office. The office node is experiencing a resurgence in growth as The Rosebank Mall is undergoing a major expansion and Standard Bank is completing its multi-billion rand office complex on Oxford Road opposite the Gautrain Station two blocks from the property. There is large demand by the adjacent Netcare Hospital for space for Doctor’s rooms.
• Address: 8 Sturdee Avenue, Rosebank
• GLA: 6982m2
• Purchase price: R130 000 000
• Acquisition Yield: 9.09%
*”Agterskot” payment of R10million should Sasol renew at predicted rentals to June 2016.