4,847m² Office For Sale in Ferndale

R23,100,000

104 Bordeaux Drive

Web Ref No COM23624

Prime 7-Storey Investment Property in Randburg Central

The Randhill Building, located in the heart of Randburg Central near the Randburg Taxi Rank and popular shopping centers, offers an exceptional investment opportunity with strong potential for commercial or residential conversion. Spanning 4,847.27m² on a 1,941m² stand, this seven-story building is priced at R23,100,000 (excluding VAT) and features open-plan office spaces of 536m² on each floor, along with two basement levels providing 180 parking bays. Ideal for a call center, educational facility, or multi-tenant use, the property currently has vacancies including three retail units and 3,654m² of office space. Financially, it generates a monthly income of R126,741.37 (excluding VAT) against expenses of R60,099, resulting in a net income of R66,642.37. Its central location ensures excellent accessibility and high foot traffic, further enhancing its long-term investment value.