INTRODUCTION TO BEDFORDVIEW

Bedfordview is an affluent suburb located on the east rand of Johannesburg, falling under the greater Germiston area. The area is mainly residential, with a few commercial hubs and an extensive retail offering. Bedfordview is located in the centre of what used to be called the old Vaal Triangle. The central location allows quick access to most parts of Johannesburg using the N3/N12/R24 and M2 highways.

WHY RENT OFFICE SPACE IN BEDFORDVIEW?

LOCATION

Bedfordview is an attractive location for your business for several factors. Firstly the central location and quick accessibility to major highways. The area is located within a 10-minute drive from OR Tambo International Airport, and several great guest houses and short-term accommodation offerings are available.

EDUCATION

There are many good educational institutions in the area, from Primary to tertiary, including Curro schools, St. Benedicts, Bedfordview Primary, Redham House, Boston City Campus, and Eduvos.

TRANSPORTATION

The main Taxi rank is located at Eastgate shopping centre with many local routes throughout the node. There is also a Metrobus route with Bedford Plaza and Bradford Road stops.

RETAIL

The area has a wide range of retail offerings, most notably Eastgate Shopping Centre (Regional mall), with over 200 stores and a large food court with various restaurants. Bedford Centre and Bedford Square offer mixed commercial, residential, and retail use. You have Village View, Bedford Village, and Park Meadows for your in-and-out convenience malls.

INFRASTRUCTURE

There is fibre connectivity throughout Bedfordview, and the cellular reception is decent (in line with all the established nodes). The area falls under the Ekurhuleni municipality, so the roads are well maintained.

SAFETY

According to various sources, Bedfordview, as a suburb, is approximately 40% safer than similar cities in South Africa.

TYPES OF OFFICES IN BEDFORDVIEW

Bedfordview Standalone commercial properties have two main office offerings and campus-like office parks. The building grades range from C grade to A Grade with only a couple of P-grade offices available in the area, namely HQ Bedfordview (Sectional Title) and Nicol Corner. An exciting new mixed-use development at Eastgate Lane office park would extend the current offering. The newer developments are much more pricey but are well-designed and efficient from an operational perspective. The older properties are more affordable, and landlords can accommodate flexible commercial terms.

GUIDE TO SECURING OFFICE SPACE IN BEDFORDVIEW.

Before entering the market, be sure to have most of your planning and preparation done regarding FICA compliance, occupation dates, sizing, parking requirements, locations, budget, and lease terms. Allow a lead time of 2-3 months to source suitable options and negotiate lease terms and possible construction or tenant-specific improvements.

Contact Anvil Property Smith (Pty) Ltd to refine your requirements, get sight of the current leasing options available on the market and schedule the first round of viewings to shortlist viable options.

Regarding negotiating a deal, market knowledge and understanding is power. Ensure you are familiar with comparable properties and their rental rates, annual escalations, deposit requirements, tenant incentives, and availability.

FEATURED PROPERTIES IN BEDFORDVIEW

Anvil Property Smith (Pty) Ltd covers the entire Bedfordview area and deals with all the landlords. These are three featured properties based on aesthetics, product offering, and deal attractiveness.

THE INTERCHANGE

  • GLA: 19 309sqm 
  • Grade: A
  • Ownership: Freehold
  • Rental rate: R125/sqm ex vat, utilities, and parking
  • Efficiency ratio: 30%
  • Parking: 4 bays / 100sqm
  • Backup Power: yes

GILLOOLY’S VIEW

  • GLA: 20 024 sqm 
  • Grade: A
  • Ownership: Freehold
  • Rental rate: R105-R110/sqm ex vat, utilities, and parking
  • Parking: 4 bays / 100sqm
  • Backup Power: yes

HQ BEDFORDVIEW

  • GLA:  11250 sqm 
  • Grade: P
  • Ownership: Sectional Title
  • Rental rate: R160-180/sqm ex vat, utilities, and parking
  • Parking: 4 bays / 100sqm
  • Backup Power: yes

BEDFORDVIEW OFFICE RENTAL RATES (CURRENTLY)

Gross rental rates- Office (ex Vat, Utilities, and parking)

  • P Grade: R150/sqm
  • A Grade: R105-R125/sqm
  • B Grade: R100- R90/sqm
  • C grade: R80-R90/sqm

Parking (ex Vat)

  • Basement: R600-R750
  • Shaded/ Covered: R400-R500
  • Open: R300-400

Other (Ex Vat)

  • Storeroom: R50-R70/sqm
  • Balcony: R50-R70/sqm

CONCLUSION

Bedfordview is an excellent location for your business. The area is central to the rest of Johannesburg and offers easy access to major highways. The area offers all the amenities and is close to OR Tambo International Airport. Various offices are available on the market at affordable rates and offering attractive commercial terms.