R 23 100 000 | business property for sale in ferndale

The Building in Randburg Central offers a compelling investment opportunity for commercial buyers. Here's a summary: Property Details: Location: Ferndale, Randburg. Size: Total floor area: 4,847.27 m². Lot size: 1,941 m². Building: 7 stories, each with 536 m² open-plan office spaces. Parking: 2 basement levels with 180 bays. Price: R23,100,000 (excluding VAT). Current Occupancy and Income: Retail Vacancies: 3 stores available. Office Vacancies: 3,654 m² available for lease. Monthly Income: R126,741.37 (excluding VAT). Monthly Expenses: R60,099. Net Income: R66,642.37. Features: Potential Uses: Ideal for a call center, educational institution, or multi-tenant setup. Residential conversion potential exists. Strategic Location: Proximity to the Randburg Taxi Rank and shopping centers, ensuring accessibility and foot traffic. Prominent Billboard: Adds marketing value. This property presents an excellent opportunity for investors seeking a central, versatile space with growth potential.