4,847m² Building For Sale in Ferndale

R23,100,000

104 Bordeaux Drive

Web Ref No COM20580

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.