Pretoria East Commercial Property Overview.wmv

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PRETORIA COMMERCIAL PROPERTY: Pretoria commercial office node comprises of approx. 3 035 000m2 of GLA (gross leasable area). Pretoria, also known as 'The Jacaranda City,' is located in the North/Western part of the Gauteng Province and is contained within the City of Tshwane Municipality. It is the capital city of South Africa, serving as the executive (administrative) national capital. Pretoria's population ranges from 600,000 to 1.2 million, subject to boarders. Pretoria is made up of the following nodes, Pretoria North, Pretoria East, Pretoria West, Irene and Centurion. Pretoria has over the years had very diverse cultural influences and this is reflected in the architectural styles that can be found in the city. It ranges from British Colonial Architecture to Art Deco with a good mix of uniquely South African style mixed in. Some of the notable structures in Pretoria include the Union Buildings, Voortrekker Monument, the main campus of the University of South Africa, Reserve Bank of South Africa (Office Tower) and the Telkom Lukas Rand Transmission Tower. There is a wide assortment of offices to lease and purchase within the Brooklyn Commercial Office Node offering a wide variation of office space, from Premium (P-Grade), through to C-Grade. SAPOA grading definitions are: Grade P- Top quality, architecturally modern space, which is generally a pace-setter in establishing next generation levels of rentals and prestige, Offices will incorporates efficient space planning, environmentally friendly installations, the latest generation building systems & services, ample parking, prestige entrances, common areas & ablutions, high quality finishes and probably offering good views. Grade A - Generally not older than fifteen years, or which has had a major renovation; high quality modern finishes; air conditioning; adequate on-site parking and commanding, market rental near the top of the range in the area in which the building is located. (The following should also be taken into account in determining whether the building is A-grade or not: Consider whether the building has a good quality lobby finish, quality access to/from an attractive street environment and other similar factors, such as safety and security.) Grade B- Generally older buildings, with accommodation and finishes close to modern standards as a result of refurbishments and renovation from time to time, air-conditioned, with on-site parking, unless special circumstance pertain. Grade C- Buildings with older style finishes, services and systems. It may or may not be air-conditioned or have on-site parking. OFFICES TO LET: Gross rentable areas within the Pretoria Commercial Office Node range, from small pockets to larger suites, measuring from 50m2 to 30 000m2. Gross rentals range according to location, age, visual attractiveness, grading and quality of office space provided, therefore a value range is provided as a guide: Grade C office space = R65/m2 to R75/m2 Grade B office space = R75/ m2 to R95/ m2 Grade A office space = R95/m2 to R130/ m2 Grade P office space = R130/m2 to R155/m2 (All rates quoted are per calendar month.) Gross rental is defined as being the total rental being asked including operating costs and municipal costs, but excluding parking, VAT, electricity/water consumption and internal cleaning. Parking rentals vary according to type (i.e open, covered & basement) and availability of parking, therefore a value range is provided as a guide: Open parking bays = R250/bay to R290/bay Covered parking bays = R280/bay to R400/bay Basement parking bays = R400/bay to R660/bay (All rates quoted are per calendar month.) OFFICES FOR SALES: Offices for sale within the Brooklyn node range from small suite pockets to entire office parks varying between approx. 300sm to 30 000sm. Asking sale prices, vary from location, to grade of office and quality of office space provided, therefore a value range is provided as a guide of between: Grade A, B and C office space: R9 500/sm to R16 500/sm Sale prices, exclude parking/VAT/transfer duty and attorney fee associated with the purchasing process.

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