Lenchen Street Office Park

Lenchen Street Office Park

Posted on Posted in For Sale in Centurion, News, Rentals in Centurion
RENTAL Renting off Plan Available.
PURCHASE Selling off Plan Available.

 

Lenchen Street Office Park is situated one block off the intersection with Jean Street in the northern sector of Centurion CBD. The buildings will be modern in character with a single roof pitch over an underground parking basement. The façade of the building will be a combination of glass, steel, sandstone and brick.

 

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DETAILS

1. LOCATION

Lenchen Street Office Park is situated at the intersection with Jean Street in the northern sector of Centurion CBD. Once the project’s building phase is initiated, it is expected to take approximately 12 months to complete.

2. PROPERTY DETAILS

2.1 ERF DESCRIPTION

Ext 1 and 2 of Die Hoewes Extension 259 together measuring 8718m2.

2.2 ZONING

The property is presently being proclaimed a township which will grant the property Business 4 rights for offices and other commercial users with a floor space ratio of 0.62 and a three-story height restriction and parking requirements of 4 Nº bays per 100m2.

2.3 SECTIONAL TITLE BUILDINGS

The current intention is that the property will be developed as two three storey buildings. The buildings will be modern in character with a single roof pitch over an underground parking basement. The façade of the building will be a combination of glass, steel, brick and other Architectural materials.

Building A facing onto Lenchen Street will measure 3600m² while Building B will total 2 100m². Each building can be split into separate sectional title units ranging in size from 130m² upwards. Parking will be provided on the basis of 5 bays/ 100m² of office space, in excess of the Municipal requirements. Each individual office entrance will have its own front door off the main lobby of the office block, conveniently situated with regard to the visitors and parking access points. Each suite will have its own self-contained toilet and kitchen facilities.

The units will be available for ownership on a sectional title basis and can be combined if necessary to provide the size required by the prospective purchaser. Each unit will be allocated a minimum number of parking bays as per the schedule.

3. FINISHES AND INSTALLATION ALLOWANCE

Each unit will come complete with toilets and kitchens, toilet, acoustic ceilings, lay-in fluorescent lighting, plastered walls, and electrical plugs and telephone jacks at obvious points.

In addition, an allowance of R1 500.00/m² based on the area of the offices will be available to the purchaser/ tenant payable on transfer. The rationale for including the finishes in the price of the unit is to ensure that this cost can be covered by the investors’ bond. Alternatively, the purchaser can elect to deduct this off the price and pay for the installation out of his own cash flow.

Note: The owner of each unit will be responsible for his own fit-out of the premises utilising this allowance. The Developers will however undertake the installation on behalf of the owner, upon request. Alternatively the Developer can provide a list of recommended contractors specialising in tenant installations should this be required.

Each unit’s electricity will be separately metered.

4. LENCHEN STREET OFFICES BODY CORPORATE

The Lenchen Street sectional title scheme will have a Body Corporate of elected owners who will administer the office block themselves, including the security, landscaping, maintenance and other issues common to the office park.

5. THE DEVELOPMENT TEAM

The development will be undertaken by Brydens Commercial Properties, an active developer in the Johannesburg region, with an excellent track record.

A full Professional Team will be employed on the contract as follows :

Architects : Bromag Architects
Project Manager: Brydens
Quantity Surveyor: Russell Irons & Associates
Electrical Engineer: VBI Projects
Civil Engineer: BSM Baker 6. DEVELOPMENT PERIOD

When the construction phase commences, the building should be completed in 12 – 14 months. The units are priced from R19 200/m² plus parking and balconies. Units will also be available to rent from R117/m² net plus parking (see below).

8. OPERATING COSTS

An estimate of the operating costs of R20.00/ m2

9. SECTIONAL TITLE

Sectional title ownership is an accepted form of property tenure in South Africa, against which banks are more than prepared to grant bond finance.

Whereas in freehold title the owner has ownership over the land, under a Sectional Title scheme the owner would have the exclusive use of a unit (being the internal area of the office as defined by the four walls surrounding the unit), as well as other defined areas such as parking bays, garages, storerooms and the like. The common area, i.e. gardens, access ways, etc., are held by each unit in an undivided share.

Upon registration of the Sectional Title scheme the Body Corporate is automatically instated, and has the ability to enter into contractual relationships with security, landscape gardeners, and the like.

10. CONCLUSION

The concept of small sectional title offices has been well received in the Johannesburg and Pretoria areas. Bryprop are considered leaders in this field and have completed a number of schemes all of which have been sold out within months of being launched. Please refer to the website www.brydensgroup.com for more information.

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SALES OPTIONS

OFFICES BLOCK A

Unit Area R/m2 Balcony R/m2 B’ment R/bay Tandem R/bay Covered R/bay Open R/bay TOTAL (R) STATUS
1 262 19200 12 2000 4 35000 0 30000 3 25000 3 20000 5 329 400  Available
2 116 19200 17.4 2000 2 35000 0 30000 2 25000 2 20000 2 422 000  Available
3 155 19200 10 2000 3 35000 0 30000 2 25000 2 20000 3 191 000  Available
4 155 19200 15 2000 3 35000 0 30000 2 25000 2 20000 3 201 000  Available
5 294 19200 25 2000 5 35000 0 30000 4 25000 4 20000 6 049 800  Available
19200 2000 35000 20000  Available
6 262 19200 17 2000 4 35000 0 30000 3 25000 3 20000 5 339 400  Available
7 116 19200 17.4 2000 2 35000 0 30000 2 25000 2 20000 2 422 000  Available
8 155 19200 10 2000 3 35000 0 30000 2 25000 2 20000 3 191 000  Available
9 155 19200 15 2000 3 35000 0 30000 2 25000 2 20000 3 201 000  Available
10 294 19200 25 2000 5 35000 0 30000 4 25000 4 20000 6 049 800  Available
19200 2000 35000 20000  Available
11 262 19200 17 2000 4 35000 0 30000 3 25000 3 20000 5 339 400  Available
12 116 19200 17.4 2000 2 35000 0 30000 2 25000 2 20000 2 422 000  Available
13 155 19200 10 2000 3 35000 0 30000 2 25000 2 20000 3 191 000  Available
14 155 19200 15 2000 3 35000 0 30000 2 25000 2 20000 3 201 000  Available
15 294 19200 25 2000 5 35000 0 30000 4 25000 4 20000 6 049 800  Available
Store 1 23 5000 115 000  Available
Store 2 15 5000 75 000  Available
Store 3 19 5000 95 000  Available
Store 4 30 5000 150 000  Available
Store 5 25 5000 125 000  Available
Store 6 25 5000 125 000  Available
Store 7 23 5000 115 000  Available

Operating costs R20/m²

Tenant installation is R1 500/m²

Rates ± R20/m²

 

OFFICES BLOCK B

Unit Area R/m2 Balc R/m2 B’ment R/bay Tandem R/bay Covered R/bay Open R/bay TOTAL STATUS
1 262 19200 25 2000 5 35000 0 30000 3 25000 3 20000 5 390 400 Available
2 174 19200 12 2000 3 35000 0 30000 2 25000 2 20000 3 559 800 Available
3 174 19200 13 2000 3 35000 0 30000 2 25000 2 20000 3 561 800 Available
4 294 19200 26 2000 5 35000 0 30000 4 25000 4 20000 6 051 800 Available
19200 2000 35000 20000 Available
5 262 19200 25 2000 5 35000 0 30000 3 25000 3 20000 5 390 400 Available
6 174 19200 12 2000 3 35000 0 30000 2 25000 2 20000 3 559 800 Available
7 174 19200 13 2000 3 35000 0 30000 2 25000 2 20000 3 561 800 Available
8 294 19200 26 2000 5 35000 0 30000 4 25000 4 20000 6 051 800 Available
19200 2000 35000 20000 Available
9 262 19200 25 2000 5 35000 0 30000 3 25000 3 20000 5 390 400 Available
10 174 19200 12 2000 3 35000 0 30000 2 25000 2 20000 3 559 800 Available
11 174 19200 13 2000 3 35000 0 30000 2 25000 2 20000 3 561 800 Available
12 294 19200 26 2000 5 35000 0 30000 4 25000 4 20000 6 051 800 Available
20000
Store 8 23 5000 115 000 Available
Store 9 23 5000 115 000 Available
Store 10 5 5000 25 000 Available
Store 11 25 5000 125 000 Available
Store 12 15 5000 75 000 Available

 

RENTAL OPTIONS

Unit Area R/m2 Balcony R/m2 B’ment R/bay Tandem R/bay Covered R/bay Open R/bay TOTAL STATUS
1 262 117 12 15 4 650 0 0 3 550 3 450 36 434 Available
2 116 117 17.4 15 2 650 0 0 2 550 2 450 17 133 Available
3 155 117 10 15 3 650 0 0 2 550 2 450 22 235 Available
4 155 117 15 15 3 650 0 0 2 550 2 450 22 310 Available
5 294 117 25 15 5 650 0 0 4 550 4 450 42 023 Available
117 0 550 450 Available
6 262 117 17 15 4 650 0 0 3 550 3 450 36 509 Available
7 116 117 17.4 15 2 650 0 0 2 550 2 450 17 133 Available
8 155 117 10 15 3 650 0 0 2 550 2 450 22 235 Available
9 155 117 15 15 3 650 0 0 2 550 2 450 22 310 Available
10 294 117 25 15 5 650 0 0 4 550 4 450 42 023 Available
117 0 550 450 Available
11 262 117 17 15 4 650 0 0 3 550 3 450 36 509 Available
12 116 117 17.4 15 2 650 0 0 2 550 2 450 17 133 Available
13 155 117 10 15 3 650 0 0 2 550 2 450 22 235 Available
14 155 117 15 15 3 650 0 0 2 550 2 450 22 310 Available
15 294 117 25 15 5 650 0 0 4 550 4 450 42 023 Available
Store 1 23 80 1 840 Available
Store 2 15 80 1 200 Available
Store 3 19 80 1 520 Available
Store 4 30 80 2 400 Available
Store 5 25 80 2 000 Available
Store 6 25 80 2 000 Available
Store 7 23 80 1 840 Available

Operating costs R20/m²

Tenant installation is R1 500.00/m²

Rates ± R20/m²

 

OFFICES BLOCK B

Unit Area R/m2 Balcony R/m2 B’ment R/bay Tandem R/bay Covered R/bay Open R/bay TOTAL R STATUS
1 262 117 25 15 5 650 0 0 3 550 3 450 37 279 Available
2 174 117 12 15 3 650 0 0 2 550 2 450 24 488 Available
3 174 117 13 15 3 650 0 0 2 550 2 450 24 503 Available
4 294 117 26 15 5 650 0 0 4 550 4 450 42 038 Available
117 0 550 450 Available
5 262 117 25 15 5 650 0 0 3 550 3 450 37 279 Available
6 174 117 12 15 3 650 0 0 2 550 2 450 24 488 Available
7 174 117 13 15 3 650 0 0 2 550 2 450 24 503 Available
8 294 117 26 15 5 650 0 0 4 550 4 450 42 038 Available
117 0 550 450 Available
9 262 117 25 15 5 650 0 0 3 550 3 450 37 279 Available
10 174 117 12 15 3 650 0 0 2 550 2 450 24 488 Available
11 174 117 13 15 3 650 0 0 2 550 2 450 24 503 Available
12 294 117 26 15 5 650 0 0 4 550 4 450 42 038 Available
Store 8 23 80 1 840 Available
Store 9 23 80 1 840 Available
Store 10 5 80 400 Available
Store 11 25 80 2 000 Available
Store 12 15 80 1 200 Available

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FLOOR PLANS

centbase

centagr

 

centa1

centbgr

centb1

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ARTIST’S IMPRESSIONS

centpic1

centpic2

centpic4

centpic5

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LOCATION AND SITE PLANS

 

 

centsite

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