R 12 000 000 | office property for sale in ferndale

This upmarket office block has just been rezoned for residential conversion is situated in the heart Randburg on Kent avenue. The property has recently been renovated and can potentially be utilised for a number of purposes such as office accommodation, investment opportunity or a residential conversion. The property measures 4371m2 and is set on a stand measuring 4015m2.The property consists of 5 floors and an additional basement area.There is ample space for additional uncovered parking.In its current form it's been utilized as a call centre however the configuration of the floor plates may make this property an ideal candidate for a residential conversion. The process to convert this asset to residential 4 rights is well underway and should be complete before the end of the year (2022). The new zoning rights would allow an additional 3 stories and - 2400m2 of additional bulk.