3 400 m2 Office building for sale in Parktown, Johannesburg.

Prime 3,440m² Office Building For Sale | Parktown, Johannesburg

An 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: ±1,500m²
• First Floor: ±1,500m²
• Second Floor: ±400m²
• Storeroom: ±40m²
• Total Building Area: ±3,440m²

Parking:

• 89 Open Parking Bays
• 131 Basement Parking Bays

The 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 floor
• Roof entertainment area
• Passenger lifts servicing all levels
• 24/7 security with access control
• On-site building caretaker
• Water storage tanks
• Backup generator
• Extensive basement parking over two levels

This property presents an outstanding investment opportunity, with attractive projected rental income based on current market assumptions:

• Office Rentals: R120.00/m²
• Open Parking: R520.00 per bay per month
• Basement Parking: R650.00 per bay per month
• Storeroom Rental: R50.00/m²
• Annual Escalation: 8%

With 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.