Web Ref No CL34652

Neat and Secure Office Park for Sale in Ferndale (Zoned Special)

The development comprises five distinct office blocks, each thoughtfully designed to provide functional and adaptable workspaces suitable for a range of business needs. Each of the five office blocks is surrounded by ample parking facilities, including a total of 94 parking bays: 39 basement bays, 41 shaded bays, and 14 open bays, creating a welcoming and professional environment.

The buildings offer a variety of unit sizes and layouts, catering to small, medium, and large enterprises. Modern amenities, including high-speed internet connectivity, secure access, and a backup generator to ensure uninterrupted operations, make it an ideal choice for businesses seeking contemporary office space.

The property is zoned for offices as well as residential flats, offering exceptional flexibility. This zoning makes the development highly suitable for conversion into residential units, further enhancing its investment appeal.

Additional Opportunity

The owner of PTN 11 of 828 (not included in the primary property details above) is also open to selling. The details of PTN 11 of 828 are as follows:

- Erf Size: 460m²
- GLA: 362m²
- Shaded Parking: 6 bays
- Solar/Inverter: Yes
- Rates: R1,500/month
- Security (Ground & 1st Floor): R3,000/month
- Tenancy Details:
- Ground Floor: R10,000.00 rent + R3,000.00 utilities recovery = R13,000.00/month. The ground floor is currently seller-occupied, but the seller is willing to sign a lease for at least 12 months if required.
- 1st Floor: R10,000.00 rent + R3,000.00 utilities recovery = R13,000.00/month. The lease expires in May 2025, and the tenant, who has occupied the space for approximately six years, is willing to renew if desired.

- Zoning: Special zoning allows for both offices and residential flats, making the property highly attractive for conversion into residential units.
- Sales Price: The seller is open to offers.

This property provides an additional investment opportunity with flexible zoning, existing tenancies, stable income, and the potential for extended leases or residential conversion.

Location Overview:

The subject property enjoys a prime location in one of Johannesburg's most dynamic and well-connected suburbs. Situated in the larger Randburg area, Ferndale is renowned for its blend of commercial, residential, and recreational spaces.

Republic Road, a major arterial route running through Ferndale, facilitates easy access to surrounding areas and key destinations. The property is strategically positioned near other significant roads, including Malibongwe Drive, Jan Smuts Avenue, and Bram Fischer Drive, ensuring excellent connectivity to the broader Johannesburg area, including Sandton, Rosebank, and the central business district.

Ferndale boasts a comprehensive array of amenities catering to both business and lifestyle needs. The Ferndale on Republic shopping mall offers a variety of retail stores, restaurants, and entertainment options. The area is also home to numerous banks, gyms, and medical facilities, providing convenience for employees and clients alike.