4,847m² Business Centre For Sale in Ferndale

The Building in Randburg Central offers a compelling investment opportunity for commercial buyers. Here's a summary:

Property Details:
Location: Ferndale, Randburg.
Size:
Total floor area: 4,847.27 m².
Lot size: 1,941 m².
Building: 7 stories, each with 536 m² open-plan office spaces.
Parking: 2 basement levels with 180 bays.
Price: R23,100,000 (excluding VAT).
Current Occupancy and Income:
Retail Vacancies: 3 stores available.
Office Vacancies: 3,654 m² available for lease.
Monthly Income: R126,741.37 (excluding VAT).
Monthly Expenses: R60,099.
Net Income: R66,642.37.
Features:
Potential Uses: Ideal for a call center, educational institution, or multi-tenant setup. Residential conversion potential exists.
Strategic Location: Proximity to the Randburg Taxi Rank and shopping centers, ensuring accessibility and foot traffic.
Prominent Billboard: Adds marketing value.
This property presents an excellent opportunity for investors seeking a central, versatile space with growth potential.