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Ferndale · Office For Sale

4609 m² Office For Sale in Ferndale

  • R 5,250,000
  • 4609 m²

Accepting Offers

Description:
This prime 4609m2 property is situated on the corner of a prime busy road in Ferndale. Currently has four tenants plus there is opportunity for a fifth tenant as the space is vacant. Total income R69 710 excl vat p/m plus a possibility for another R9000 excl vat p/m income. THIS IS A VAT TRANSACTION AND POSSIBLE TO ZERO RATE THE SALE.

MAIN BENEFITS
• 18% Yield
• 4 solid tenants – been there over 7 years
• Potential for 5 tenant and increase yield.
• 4609m2
• Vat transaction

TENANT 1:
• Car dealership
• Spacious yard with covered awnings
• Open plan Offices for 6 people
• Portable offices for 4 people
• Kitchen
• Reception
• Males/female toilets
• Pre-paid electricity
• Rental R30 000 p/m

TENANT 2:
• Workshop
• Kitchen
• Toilets
• Walled yard area
• Rental R15 950 p/m

TENANT 3:
• Reception area
• Boardroom
• 5 offices
• Male/female toilets
• Kitchenette
• Lunch area
• Rental R10 260 p/m

TENANT 4:
• Workshop
• Walled yard area
• Kitchenette
• Male/female toilets
• Offices
• Potential rental R13 500 p/m

TENANT 5 (VACANT):
• Workshop
• Kitchenette
• Male/female toilets
• Offices
• Potential rental R9 000 p/m

Details:

• Erf no: 1373
• Erf size: 4609m²

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Property Information & Features

Property Type
Office
Listing Type
For Sale
Location
Ferndale, Randburg
Price
R 5,250,000 · Get Pre-Qualified
Price per m²
R 1,139
Erf Size
4609 m²
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Map & Nearby

Exact location is provided after a viewing has been arranged with the listing broker.

Area Rating · Ferndale, Randburg

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Good

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Office For Sale in Ferndale
R 5,250,000
  • 4609 m²
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