3 400 m² Commercial space in Parktown
Parktown, Johannesburg Central, Gauteng
Lettable area read from the listing title — the lister did not state a figure. Confirm on inspection.
Listed by
Pierre Cook
Griffin Property Group
Details
Prime 3,440m² Office Building For Sale | Parktown, JohannesburgAn 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: ±1,500m²First Floor: ±1,500m²Second Floor: ±400m²Storeroom: ±40m²Total Building Area: ±3,440m²Parking:89 Open Parking Bays131 Basement Parking BaysThe 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 floorRoof entertainment areaPassenger lifts servicing all levels247 security with access controlOn-site building caretakerWater storage tanksBackup generatorExtensive basement parking over two levelsThis property presents an outstanding investment opportunity, with attractive projected rental income based on current market assumptions:Office Rentals: R120.00m²Open Parking: R520.00 per bay per monthBasement Parking: R650.00 per bay per monthStoreroom Rental: R50.00m²Annual Escalation: 8With 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.
Location
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