The building will be sold partially leased with Media24 occupying the entire first floor. Media 24 has decided to auction this property as part of a refining of their property portfolio.

Comments Pieter Steenkamp, Property Manager of Media24, "We occupy only 25% of the building, and located where it is, we feel there is a huge demand for space such as this. We have sold a number of properties by way of auctions, because of the ease of selling, focused and to-the-point marketing, professionalism throughout the selling process, great results and the energy in the auction venue".

The 3 storey property is situated at 6 Protea Place, in a quiet cul-de-sac just off Fredman Drive, in one of the most prominent locations within the Sandton CBD. Its prime location affords it with efficient access from a number of main and secondary arterials including Rivonia Road, the M1 Highway, West Street and Grayston Drive.

The property is situated within walking distance of the Gautrain Station, Fredman Drive Centre, Village Walk, Sandton City Shopping Centre, Benmore Shopping Centre and the Sandton Convention Centre. Its immediate area can be characterised by a selection of the country's biggest corporate headquarters, as well as a variety of premium hotels, shops and restaurants.

The property is amongst the earliest corporate builds in the area, and comprises 2 lower levels of basement parking, a ground floor, and 3 floors of offices above. The property extends over a GBA of 5 320m² and approximately 3000m² of additional bulk is available.

The first floor, which is occupied by Media24, extends over a GLA of 1,713m², and hosts several offices together with a strong room, kitchen, server room, board room, reception area, training centre, 2 balconies and an open courtyard.

The second and third floors are vacant, and offer a similar floor plan to the first floor. Each floor includes multiple partitioned and open-plan offices, kitchen facilities, his and hers ablution facilities and open balconies. The offices are air-conditioned, and include full access control, surveillance cameras and motion sensor lighting.

Comments Sean Parsons of Auction Alliance, "Occupying arguably one the Sandton CBD's best positions, this property is ideal as corporate headquarters for the owner occupier, as well as presents a great opportunity for investors looking for tenants".

Source: Media24