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R5,500,000

Office for sale in Ferndale

1,502m²
Office For Sale In Ferndale

Calling all investors!!! Business 2 zoned property ideally suited for offices, educational facilities or conversion to residential accommodation.

The property also offers good potential for use as a distribution-centre or small-scale manufacturing.

Potential gross rental income of approximately R70 000 per month.

Single Phase 150A electricity supply.

Well maintained 4-storey building situated in a prime location on a busy street in close proximity to Malibongwe Drive. The property is fully walled and fenced with secure parking.

The ground floor currently offers space for a cafe, common room (entertainment room / boardroom) and ablutions.

The first, second and third floors offer similar layout with dry-wall partitioned offices, meeting rooms or classrooms. Each floor offers a kitchenette and ablution facilities.

There are two internal stairwells situated at the front and rear of the building, as well as a single lift bank leading from the ground to upper floors.

The building is sectionalised into 5 sections. Section 1 and 2 are on the ground floor comprising the cafe and common room. Sections 3, 4 and 5 comprise each of the upper floors.

There are 9 shaded parkings at the front of the building and a paved yard at the rear of the building offering additional open parking.

Purchase price excludes VAT. Offers welcome.

Contact me today to secure your viewing!

Property Type
Office
Stand Size
1,502m²
Rates & Taxes
R16,780
Reference
ENT0269703
Property history
Listed for sale at R5,500,000
16 Feb 2024
Get to know Randburg
Residential property for sale in the Randburg area can be classified into houses, townhouses, clusters, flats, apartments, small holdings and vacant land. The large variety of property available in the area means that Randburg and its suburbs have seen a steady growth in property sales.
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