2,819m² Building For Sale in Ferndale

The Randhill Building, located in Randburg Central, offers an excellent investment opportunity with a total area of 4,847.27m² on a 1,941m² lot, priced at R23,100,000 (excluding VAT). This 7-story property provides open-plan office space across seven floors (536m² each) and two levels of basement parking with 180 bays. Currently, there are vacancies for 3 retail stores and 3,654m² of office space, making it ideal for a call center, educational institution, or multi-tenant setup. The building generates a monthly income of R126,741.37 (excluding VAT) with expenses of 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, high foot traffic, and potential for a residential conversion, enhancing its appeal for diverse uses.