10 MONZA CLOSE, KYALAMI

KYALAMI BUSINESS PARK

2772m² Site. Established building with manufacturing area, staff areas, offices, storage space & parking

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LOCATION INFORMATION

On a macro level, the property is located in an established and popular mixed-use area known as Kyalami Business Park, midway between Johannesburg and Pretoria.

This is a rapid developing mixed-use node, offering a combination of industrial, office and higher density residential development. Surrounding suburbs include Dainfern (west), Sunninghill (south), Kyalami Estate and Vorna Valley (east) and Crowthorne AH (north). The newly developed Waterfall Mall and office development approximately 3.5km east from Kyalami Park has a significant impact on demand (and ultimately rentals achieved) within Kyalami Park. The surrounding properties include a few offices and mainly commercial properties (warehousing) inside the park. Properties surrounding the park include the Kyalami racetrack to the immediate south of the business park, numerous shopping centres, the Barbeque Downs Business Park and also in close proximity are various residential areas of Kyalami.

On a micro level, the subject property is located on the northern boundary of this well established and popular industrial park, adjacent to the main access gate into the business park. This is a desirable location and surrounding properties include a few offices and logistics buildings (warehousing). The entrance to the site within the office park is near the main route through the office park and therefore has good visibility. Kyalami has good access to the N1 freeway with on and off ramps within 4 kilometres away. This site is well situated along Monza Close, which is a cul-de-sac directly north of the main access gate onto the estate.

The site is in a strategic location with regard to office accommodation as it is in an upmarket business park accessed by an entrance on the R55. The R55 is one of the main routes through the area and enjoys good access from Johannesburg and Pretoria. The park provides good security with armed access control.

The entrance to the business park is located at a traffic light and therefore traffic does slow down near the entrances and exits. The gradient of the site has a gentle slope and therefore the topography of the site does not interfere with access.

Improvements comprise a double storey building, offering a surgical mask manufacturing area, staff areas, offices, storage space and parking.

SECURITY
The site is protected by security guards at the main gates.

IMPROVEMENTS
The subject property is improved with a double storey plastered and painted brick structure that is covered with a pitched IBR roof. Below the ground floor is a basement that was partly converted into storage space.

BASEMENT
The basement comprises covered parking areas, staff bathrooms and storage space. Some of the parking spaces have been converted into a store room.

GROUND FLOOR
Approximately 50% of the ground floor comprises a production warehouse, material store, quality control and a dispatch area. The balance of the ground floor comprises an atrium, passageway, male and female bathrooms, showers, open plan offices, meeting rooms and a reception area.

FIRST FLOOR
This part of the building offers open plan offices, bathrooms, and a kitchen.

CONSTRUCTION
Roof – Pitched IBR roof sheets
Ceilings – Suspended ceilings and concrete
External Walls – Plastered and painted bricks
Internal Walls – Combination of plastered and painted brick and dry walling (offices)
Floor Coverings – Tile / carpet floor covering (offices) as well as painted concrete (warehouse)
Condition – The building is generally in a maintained state of repair.

SITE IMPROVEMENTS
• Paved parking areas
• Steel palisade fencing
• Security gates x 2

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