Property News South Africa

High demand for Houghton commercial property - Barrow Properties

Rosebank's revitalisation has transformed the suburb into Johannesburg's second business hub in the north, following close on the heels of Sandton. This has meant Johannesburg's young, up-and-coming professionals and large enterprises alike have been drawn to the area. The upmarket suburb of Houghton is now experiencing a similar growth spurt with increased demand for commercial property in the area.
Erf 1973, Number 3 on 9th Street
Erf 1973, Number 3 on 9th Street

Barrow Properties has responded to changing landscape and growing demand by constructing their second commercial building with frontage on Oxford Road. Erf 1973, Number 3 on 9th Street, is a development which comprises 2500m² rentable office space over three storeys and two levels of basement parking. The basement levels accommodate 92 parking bays while the open parking area accommodates 17 parking bays. The office building is available for sale or lease to a single buyer or tenant looking for premises within the heart of this growing business precinct.

An attractive address

"Comparable to one of Barrow Properties' recent developments in the area, SBV House on the corner of Oxford and 11th Avenue, the Erf 1973 development is attracting strong interest from the market," says Jake Hoddinott, sales and development manager at Barrow Properties.

"This is due to its exceptional location on Oxford Road, right on the doorstep of Rosebank. Furthermore, the site is within walking distance of the Rosebank Gautrain Station, is easily accessible from the M1 highway and is equidistant between the Johannesburg CBD and the economic hub of Sandton, as well as numerous surrounding educational, recreational and medical facilities. A modern and bright design by M-Architects makes this a great address for the contemporary business," says Hoddinott.

Recently a joint venture between Barrow Properties and Vunani Properties, saw the completion of another residential sectional title development, Ipanema, also in the Houghton area. The 68 modern apartments were snapped up by both owner-occupants and investors and were sold-out prior to occupation.

For further information, go to www.barrow.co.za.

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