4 847 m² Commercial space 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.