3 400 m² Commercial space in Parktown

Prime 3,440m² Office Building For Sale | Parktown, Johannesburg

An exceptional investment or redevelopment opportunity is available in the heart of Parktown, Johannesburg. This well-maintained, multi-storey commercial office building offers 3,440m² of premium office accommodation, generous on-site parking, and excellent building infrastructure. Its strategic location provides convenient access to Johannesburg''s major business districts, arterial routes, public transport, and nearby hospitals and educational institutions.

Building Areas:

Ground Floor: ±1,500m²

First Floor: ±1,500m²

Second Floor: ±400m²

Storeroom: ±40m²

Total Building Area: ±3,440m²

Parking:

89 Open Parking Bays

131 Basement Parking Bays

The building has been designed to accommodate a wide range of corporate occupiers and features an efficient combination of open-plan workspaces and private offices. Each floor is equipped with two fully fitted kitchens, while collaborative and executive spaces include six meeting rooms of various sizes, highlighted by a spacious 45-seater boardroom.

Additional building features include:

Welcoming outdoor piazza on the ground floor

Roof entertainment area

Passenger lifts servicing all levels

247 security with access control

On-site building caretaker

Water storage tanks

Backup generator

Extensive basement parking over two levels

This property presents an outstanding investment opportunity, with attractive projected rental income based on current market assumptions:

Office Rentals: R120.00m²

Open Parking: R520.00 per bay per month

Basement Parking: R650.00 per bay per month

Storeroom Rental: R50.00m²

Annual Escalation: 8

With its substantial floor plates, ample parking provision, and premium location, the property offers excellent potential for owner-occupiers and investors alike. In addition to its immediate office use, the building lends itself to redevelopment or conversion into alternative asset classes, including residential apartments, student accommodation, hospitality, medical suites, or a boutique hotel, subject to the necessary approvals.

Whether acquired as a long-term income-producing investment or repositioned for redevelopment, this versatile Parktown property represents a rare opportunity to secure a high-quality commercial asset in one of Johannesburg''s most established business precincts.