R 53 000 000 | building property for sale in johannesburg central

Sage Centre | Prime CBD Commercial Investment Opportunity Strategically positioned in the heart of the Johannesburg CBD, Sage Centre presents an exceptional opportunity to acquire a landmark B-grade office building in one of the city’s most established commercial and government precincts. This prominent concrete-frame structure features extensive window walling, textured concrete columns, and a functional flat-roof design, offering durability and flexible interior configurations suited to a wide range of commercial tenants. The property comprises: 12 floors of office space above ground Ground floor reception and retail component with street-facing access Basement parking facilities 308 parking bays Gross Lettable Area (GLA): 12,701.13 m² Building GLA: 12,518.78 m² Current Performance Occupancy Rate: 25.98% Vacancy Rate: 75.07% The high vacancy presents a compelling value-add and repositioning opportunity for investors seeking refurbishment, redevelopment, or active leasing strategies. Office Configuration & Amenities Office floors offer a mix of: Open-plan workspaces Demountable partitioned offices WC facilities and kitchenettes Lift access to all floors Floor conditions vary from dilapidated vacant areas ready for upgrade to clean, tenanted spaces. Lift lobbies also differ in finish, providing scope for modernization and asset enhancement. Retail Component The ground floor features multiple retail shops with direct street frontage, ensuring strong visibility and pedestrian exposure. Tenant Profile Includes African Bank Public Protector South Africa Atlas Finance Merchants SA BNM / Starlite Fashions Vic-Moore Cellphones & Electronics Location Advantages Sage Centre benefits from a highly accessible and sought-after CBD position, neighbouring key landmarks such as: Luthuli House CCMA House Johannesburg City Library Gandhi Square FNB BankCity Standard Bank Headquarters Excellent connectivity to major routes: M1, R2, N3 highways Public transport access: Gautrain Station Noord Taxi Rank Multiple bus and taxi routes Zoning Business 1 – suitable for a wide range of commercial, retail, and mixed-use activities. Investment Highlights ? Prime CBD location ? Significant refurbishment upside ? Strong surrounding government & financial node ? Retail office income streams ? Excellent transport connectivity ? Large-scale redevelopment potential