4 847 m² Commercial space in Ferndale

The Randhill Building, located in Randburg Central, presents an excellent investment opportunity, encompassing 4,847.27m2 on a 1,941m2 lot. Priced at R23,100,000 (excluding VAT), this 7-story property features a prominent billboard and offers open-plan office space across its seven floors (536m2 each), along with two levels of basement parking providing 180 bays. Currently, there are vacancies for 3 retail stores and 3,654m2 of office space, making it well-suited for a call center, educational institution, or multi-tenant arrangement. The 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 location near the Randburg Taxi Rank and shopping centers ensures excellent accessibility and high foot traffic, further increasing its appeal for various purposes, including potential residential conversion.