4 847 m² Commercial space in Ferndale

The Randhill Building, situated in Randburg Central, offers a prime investment opportunity, covering 4,847.27m2 of space on a 1,941m2 plot. With a selling price of R23,100,000 (excluding VAT), this seven-story property features spacious, open-plan office areas on each of its seven floors, each measuring 536m2. Additionally, the building provides two levels of basement parking with 180 bays. Currently, there are vacancies for three retail units and 3,654m2 of office space, making it an ideal location for a call center, educational institution, or multi-tenant setup.

In terms of financial performance, the Randhill Building generates a monthly income of R126,741.37 (excluding VAT), with expenses totaling R60,099, resulting in a net income of R66,642.37. Its strategic positioning near the Randburg Taxi Rank and nearby shopping centers ensures excellent accessibility and high foot traffic, enhancing its appeal for a range of purposes, including potential residential conversion.