804 m² Commercial space in Ferndale

This prime 804 square metres commercial property is for sale in Randburg and is currently fully tenanted.

The current owners actively manage the leasing and administration of the property.

The owners want to retire and have decided to sell the property.

The building is centrally located on a busy street within the Central Business Precinct and the property enjoys quick accessibility to the public and major transport nodes, making it a viable and convenient alternative for repeat business.

The building also enjoys good marketing exposure due to the enhanced visible signage and visibility from the street.

The property accommodates a diverse tenant mix, that currently comprise:

Light Manufacturing and Retail, Photographic and Signage Services, Motor Repairs and Service Workshops, Personal Grooming Services and Offices.

The additional features that makes the building viable:

- Stand alone with adequate onsite parking

- Separate entrances to the office and basement facilities

- Market related Rental

- Recovery of Operational and Municipal costs.

Investment Highlights include:

- Immediate rental income results in consistent cash flow while reducing vacancy risk

- Return on investment ROI results in a higher yield due to the recovery of Operational and Municipal costs

- Diverse Tenant Mix reduces risk due to income generation from tenants in different sectors. There is no reliance on a single or sector specific tenants which may be impacted from sector-specific downturns

- Strategic Location in the Central Business Node and near public transport enhances the overall property performance due to complementary businesses driving foot traffic that encourages cross-shopping, longer visits and sales.

If you are seeking reliable returns and feel that this Commercial Property will add value and future appreciation to your Commercial Property Portfolio, please contact our team to arrange a viewing.