Ballito Business Park: The Atrium Office Park
Location: The Atrium Office Park is situated in the Ballito Business Park – fronting the N2 highway that connects the ports of Durban and Richards Bay. The Atrium Office Park is a 35 min drive to Durban, 20 min to Umhlanga and 10 Minutes to the new King Shaka International Airport Architectural Style: Clean Cut Modern Design with an Industrial Feel. Use is made of glass, steel and timber design elements. Design is spacious with the lush green atrium adding to the feeling of spaciousness and boosting the well being of the occupiers. The Atrium has a corporate presence with up market finishes. Design features: Open plan interiors allow for maximum flexibility
Fully air conditioned.
Units are fitted with a kitchenette, restroom, power skirting, ADSL point, UPS and Central Back up power supply (100kVa generator.) Opportunity: The Atrium Office Park is 3 storey building consisting of a ground floor showroom and 2 floors comprising 24 sectional title offices. Ample parking for tenants is provided by means of a basement parking garage. Office sizes range from 73m2 to 249m2 and includes a small balcony area. The showroom area is 1062m2 which could be divided into 2 smaller units to suit various tenant requirements. An added feature of the Atrium is the refreshment area that leads onto a patio where patrons could be seated. The N2 Highway that passes in front of the Atrium carries approx 20 000 cars per day. This offers great value and exposure for any business owner. Added benefit for investors are that completion will be before the opening of King Shaka Airport, thus fulfilling a need for office space required by ancillary services related to the airport. Travel time would be a mere 10 minutes to the new airport. Thus an increase could be expected in rental for A Grade Office space within the next 18 to 24 months. Comparative Pricing: The Atrium is well priced with office pricing starting from around the R12 000 per m2 mark. Other developments currently for sale in Ballito with A Grade office space start from around R13 500 per m2. Expected rental: Currently rentals for B Grade office space in Ballito are at around R80 to R90 per m2. Finance: Bond Choice has been selected to assist purchasers with obtaining finance. They offer expert advice for buyers in the commercial property scene, and deal with all major banks as well as niche banks.
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The Developer: The Atrium is developed by D&S Developments. D & S Developments is a Ballito based development company that has been actively involved in the local property market since 2002. Various developments have been successfully completed ranging from housing cluster units to multi storey sectional title apartments. True Motives 1102cc – the proprietor of D & S Developments – was awarded as “Highly Commended Best Home Builder of the Year” in 2005 by the NHBRC. This is proof of their motto of “Turning Vision into Action”
