Property description

Asking Price: R95,000,000 (Excl. VAT)
Gross Lettable Area (GLA): ±2,270 m²
Site Extent: ±3,965 m²
Tenants: 12 (Multi-tenanted)
Zoning: Business 4
Location: Hyde Park, Johannesburg 

Overview

Situated in the heart of one of Johannesburg’s most affluent commercial corridors, Block B – The Offices of Hyde Park presents an exceptional investment opportunity. This standalone, AAA-grade office building forms part of a prestigious, professionally managed office park that enjoys excellent visibility, accessibility, and enduring appeal among professional tenants.

The property is strategically located just off Jan Smuts Avenue, placing it within 5–10 minutes of both Sandton and Rosebank CBDs, and within walking distance of the upscale Hyde Park Corner Shopping Centre. With a strong and diverse tenant mix, low vacancy, and modern infrastructure, Block B offers both solid rental income and long-term capital growth potential.

Key Features

• AAA-Grade Building: Impeccably designed with a sleek, contemporary façade, large glass panels, and high-quality finishes throughout.
• GLA of ±2,270 m² spread over three floors, accommodating a well-balanced mix of open-plan areas, boardrooms, private offices, and reception spaces.
• Multi-Tenanted Income Stream: 12 established tenants across legal, financial, and consulting sectors, offering risk diversification and income stability.
• Current Gross Annual Income: ±R8.4 million (based on historic performance over 3 years), with upside potential through lease escalations and space optimization.
• Basement and Surface Parking: Secure basement level plus open parking bays provide generous parking ratio for tenants and visitors.
• Backup Power Supply ensures business continuity during load-shedding.
• Access Control & Security: Fully equipped with 24-hour security and biometric access systems.
• Professional Landscaping: Well-maintained gardens and shaded outdoor spaces add aesthetic and functional value.
• Zoning: Offers flexibility for continued office use or potential redevelopment into mixed-use or residential (subject to council approval).

Land and Site Information

• The site extent of ±3,965 m² includes all improvements, parking areas, landscaped gardens, and common areas within the stand boundary.
• Ample site coverage with room for potential expansion or reconfiguration, subject to zoning and building regulations.
• Ideal footprint for both investors and future owner-occupiers seeking a prominent, accessible base in a blue-chip location.

Investment Rationale

Block B combines the rare qualities of location, architectural integrity, diversified income, and strong tenant retention in a precinct where demand consistently outpaces supply. With its proximity to two major financial hubs and its prestige address, it remains a prime asset for institutional and private investors alike.

Whether acquired as a stable income-producing asset or a long-term hold with redevelopment potential, this property offers a compelling return profile and high desirability in Johannesburg’s top-tier office market.