This will create prime office space in a fast-revitalising part of the city centre.The eight-storey building dates back to 1905.
Originally developed as the headquarters of Johannesburg Consolidated Investments, the land was valued in 1904 at £40,000. In 1910, the valuation of land and buildings topped £130,000. "It housed the JCI group for close to a century," points out notes Nicholas Reyneke, Investment Manager of Amdec.
"When the building was packed up prior to reconstruction, historic material relating to the company's – and the city's – history was logged and archived, filling a whopping 90 boxes," declares Reyneke.
Although currently vacant, the 5,832sq m building is expected to let quickly as it offers several key features usually lacking in older properties.
"Tenants have access to convenient parking at Drummond parking garage, which is also owned by Dreamworld, a few streets away," explains Reyneke.
"The building offers a secure underground walkway into the basement of the neighbouring 28 Harrison Street and safe shuttle transport to the garage itself."
In addition, the developers are removing internal walls to create modern, open-plan space and air conditioning is being installed throughout the building.
An average rental space of 620sq m is available on each floor.
Amdec is confident of the strong demand in the area, and recently completed leasing the offices at nearby 28 Harrison Street, which is also now home to the first Woolworths micro store to open its doors in the CBD.
For more information contact Nick Reyneke on 021 702 3200.
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