Web Ref No CL113666

An iconic presence in the heart of Randburg Central, the Randhill Building offers an outstanding investment opportunity. Spanning 4,847.27m² on a 1,941m² lot, this 7-story building is priced at R23,100,000 excluding VAT and features an eye-catching billboard that makes it stand out in the area. With open-plan office space spread across 7 floors (536m² each) and two levels of basement parking offering 180 bays, this property has immense potential for various uses. There are 3 new lifts servicing the building, and an opportunity exists to add an eighth floor or rooftop.

The offices were previously occupied by a call centre, but the space is ideal for an owner-occupier, investor, or residential developer. With current vacancies including 3 retail stores and 3,654m² of office space, the building is well-suited for a call centre, educational institution, or multiple tenants.

Current monthly income, including revenue from billboard advertising, a cellphone tower, and retail tenants, totals R126,741.37 excluding VAT, while expenses come to R60,099, resulting in a net income of R66,642.37.

Located adjacent to the bustling Randburg Taxi Rank and in close proximity to Randburg Square and Rand View Shopping Centre, the Randhill Building is strategically positioned for ease of access. The area is a key business hub in northern Johannesburg, offering excellent public transport links, shopping amenities, and dining options. Businesses operating here benefit from high foot traffic, making it an attractive location for retail outlets, offices, and service-oriented businesses alike. Additionally, the surrounding development potential further enhances its appeal for residential conversions or multi-purpose use.