Discover a prime 4847m² building for sale in Ferndale, Randburg
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.
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.
