Web Ref COM23624
R23,100,000
2 Ryder Road
Calculate Affordability | Calculate Bond & Transfer Costs
Monthly Rates
R60,099
R60,099
Prime 7-Storey Investment Property in Randburg Central
Located in the vibrant heart of Randburg Central, just steps from the bustling taxi rank and major retail hubs, the Randhill Building presents a rare and strategic investment opportunity. This seven storey commercial property, with two additional basement levels, spans a generous 4,847.27m² on a 1,941m² stand. Each floor offers flexible 536m² open-plan office space, complemented by 180 secure basement parking bays. With its high traffic location and adaptable layout, the building is ideal for a variety of uses including call centres, educational institutions, or a multi-tenant commercial setup. It also holds strong potential for residential conversion, offering added long term value for savvy investors.
Currently, the property has 3,654m² of vacant office space and three unoccupied retail units, providing significant upside for income growth. Despite these vacancies, it generates a solid monthly income of R126,741.37 (excluding VAT) against expenses of R60,099, resulting in a net monthly income of R66,642.37. Priced at R23,100,000 (excluding VAT), the Randhill Building combines scale, location, and potential—making it a compelling opportunity in one of Johannesburg’s key commercial nodes.
Currently, the property has 3,654m² of vacant office space and three unoccupied retail units, providing significant upside for income growth. Despite these vacancies, it generates a solid monthly income of R126,741.37 (excluding VAT) against expenses of R60,099, resulting in a net monthly income of R66,642.37. Priced at R23,100,000 (excluding VAT), the Randhill Building combines scale, location, and potential—making it a compelling opportunity in one of Johannesburg’s key commercial nodes.
Features
Zoning
Commercial
Exterior
Security
Yes
Parking Bays
Basement Parkings
180
Sizes
Floor Size
4,847m²
Land Size
1,941m²
STREET MAP
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