Commercial Property For Sale in Bordeaux Drive, Ferndale, Randburg
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.
Located in the north western region of Johannesburg and forming part of its municipality, Randburg spans an area of 167.98 km2, positioned between Roodepoort, Johannesburg and Sandton. With the growing demand for light industrial and commercial spaces in and around the City of Gold – Randburg, although predominantly residential, has experienced much activity surrounding the development of industrial and...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
