39 Melrose Boulevard, Melrose Arch

R138 635 | 500 m2 @ R277 per m2

WorleyParsons - Sublease of Space in 39 Melrose Boulevard

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Sublease of Space in 39 Melrose Boulevard. Main Offer: Floors and Areas Offered for Sublease. The following floors/areas are included in this offer. All floor areas/measurements are approximate and subject to verification by the subtenant if required. Floors 5 and 6 are already fully fitted out but a reduced Tenants’ Installation allowance is included for alterations and/or additions. Floor 7 is currently not available for sublease pending sublease of the 5th and 6th floor and/or agreement with the current landlord on the fit-out and occupation of the floor. If and when the 7th floor becomes available, this would likely carry a higher Tenants’ Installation allowance and rental. Floor Plate are Approx 2,375 to 3,356 sqm with a total of 8,463 sqm for sublease. The landlord will consider subdividing the floors. Basement parking bays available in the basement directly below the building or in the adjacent super-basement. Duration of Lease: This is negotiable. Beneficial occupation of the 5th or 6th floor is available immediately. As the head lease runs until February 2022 it would seem logical to have the sub lease be co-terminus with the sub lease. Current Fit out: Levels 5 and 6 are currently fully fitted out. The subtenant could have the use of this fit-out with the exclusion of IT infrastructure at no extra cost for the duration of their occupation. However, a reduced Tenants’ Installation is allowed for to cover additional changes. Level 7, not on offer at present, is only fitted to ‘shell’ standard and further work will be necessary to get it ready for occupation. These works, which would include the installation of false flooring, basic HVAC, ablution fittings, ceilings and other basic items. Shared Facilities: The vast majority, if not all, of the ground floor can be offered for shared usage. This includes Reception, the meeting room suite and the Canteen/Coffee shop with access to the outdoor seating and entertainment area. The remaining 400m2 that is currently not a shared facility may be converted to shared facility utilisation by mutual agreement e.g. to create additional meeting rooms. This sharing of facilities may be handled in a number of ways. The simplest model is to split the rental for the floor space proportionate to the other space occupied in the building. In this scenario the primary tenant and subtenant would have equal access to the facilities, with signage and allocation of space to additional shared facilities to be managed jointly in a mutually agreed manner. Meeting Room and Entertainment Suite: As it stands, the suite contains there are 5 meeting rooms on the ground floor that can accommodate 8 to 24 people and an entertainment/bar area. An additional 400m2 is available to create additional meeting rooms or other shared facilities if required. The 3 largest meeting rooms may be used to create a large open area with common AV controls covering 4 projectors by temporary removal of the surrounding panelling. Larger rooms are already fitted with a data projectors and screens and furniture. Smaller rooms are equipped with wall-mounted monitors. Branding may be neutralised or restricted to the specific rooms where the exclusive usage option is selected. A variety of options exists as to how the facilities could be managed. IT Value-Added Services & Server hosting: The facility is equipped with a server room with 3 levels of backup beyond the mains supply: An 850kVA primary generator powering all services with the exception of HVAC. A 150kVA secondary generator powering the IT server room and network equipment distributed across the floors which is activated should both mains and the primary generator fail. An uninterruptable power supply (UPS) system powering the IT server room through transitions between power sources and in the unlikely event that the other levels of protection (1 and 2 above) fail. The server room is equipped with secured lockable 19” racks as found in typical professional data centres. In order to reduce the excessive fit-out costs associated with the establishment of a new server room, it is proposed that the subtenant utilises the existing facilities by leasing rack space in the existing facility. The facility can currently accommodate an additional two (2) 19” racks with the option of a separate caged-off area with separate access. If more racks are required, the current facility can be extended with upgrades of the UPS, HVAC and other support services. Two options are presented overleaf for consideration, namely a pure Rental option and a Capital (out of Tenant’s Installation) plus Rental option. Soft Services: The primary tenant has contracts in place for additional soft services such as cleaning, hygiene and hot beverages, and is open to inclusion of the subtenant in these services in order to eliminate duplication and achieve economies of scale. Signage: In principle there is no objection to sharing the external signage on the building, subject to the consent of the precinct landlord which would not be unreasonably withheld. Internal signage in exclusively subleased areas is at the discretion of the subtenant. Internal signage will also be permitted at reception and on exclusively leased facilities. Branding around meeting rooms can be neutralised in a mutually agreeable manner. Security and Access Control: The Melrose Arch precinct is extremely secure relative to other popular office locations. Further to this, the building itself has additional security features which come at no additional costs, including the following; Access Control System including basement with typically 6 controlled doors per floor. Access to each zone will be customised to the tenant/subtenant requirements and either open to audit or separate management according to card or zone. CCTV surveillance within building and basement. Advanced surveillance system with active offsite alarming and response on entrances/exits and key areas in basement. 24 hour guard at Reception. Security Guards patrolling basement parking with a guard at each entrance to manage visitor access. Additional access control points may be installed as part of the Tenant installation. Access control cards will be issued and charged at a cost of R100 per card. Other Building and Precinct Features worth Noting: Green Star 4 Rating. Chilled Water HVAC in majority of premises from precinct chilled water plant. 2 off-ramps from the M1 within a few hundred meters. Gautrain close by with bus stop in front of building. Taxi rank adjacent to precinct. Security – one on the safest precincts with extremely low incidents of vehicle theft and other incidents relative to other precincts. Extensive guards and camera surveillance. Restaurants, medical facilities, gym, hotels and shops within safe (even at night) and short walking distance. Residential property available on the precinct for long term visitors. Professional IT Data Centre on 6th floor with dedicated HVAC and UPS (3rd level of protection from power outage). False Flooring for ease of cable reticulation management. Primary Generator plus backup generator for IT and essential services

Sublease of Space in 39 Melrose Boulevard. Main Offer: Floors and Areas Offered for Sublease. The following floors/areas are included in this offer. All floor areas/measurements are approximate and subject to verification by the subtenant if required. Floors 5 and 6 are already fully fitted out but a reduced Tenants’ Installation allowance is included for alterations and/or additions. Floor 7 is currently not available for sublease pending sublease of the 5th and 6th floor and/or agreement with the current landlord on the fit-out and occupation of the floor. If and when the 7th floor becomes available, this would likely carry a higher Tenants’ Installation allowance and rental. Floor Plate are Approx 2,375 to 3,356 sqm with a total of 8,463 sqm for sublease. The landlord will consider subdividing the floors. Basement parking bays available in the basement directly below the building or in the adjacent super-basement.

Broker Details

Justin Bainbridge, Commercial Property Broker

Justin Bainbridge

M: +27828963339

O: 087 234 8000

E: justinb@anvilproperty.co.za

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