PREMIUM COMMERCIAL PROPERTY FOR SALE IN PARKTOWN, JOHANNESBURG
An outstanding opportunity to acquire a commercial office building for sale in Parktown, Johannesburg, one of the city’s most established and strategically located business nodes.
This well-positioned asset offers investors and owner-occupiers a rare combination of vacant possession, strong rental potential, excellent parking ratio, and future development rights, making it ideal for both immediate occupation or income-generation strategies.
The property is ideally suited for corporate head offices, professional services firms, medical suites, legal practices, and institutional investors seeking a prime Johannesburg commercial address.
PROPERTY OVERVIEW
Location: Parktown, Johannesburg, Gauteng
Asking Price: R43,000,000
Total Gross Lettable Area (GLA): 3,400m²
Additional Development Bulk: 750m²
Occupation: Vacant – Immediate availability
Property Type: Commercial Office Block
BUILDING CONFIGURATION
Ground Floor: 1,500m²
First Floor: 1,500m²
Second Floor: 400m²
Storeroom: 40m²
Total GLA: 3,400m²
EXCELLENT PARKING RATIO KEY VALUE DRIVER
A standout feature of this asset is its exceptional parking provision in Parktown, a major demand driver in the commercial market.
Open Bays: 89 @ R520/month
Basement Bays: 131 @ R650/month
Total Parking Bays: 220
Approx. 7 bays per 100m² GLA
Estimated Parking Income Potential: ± R131,930 per month
PROPERTY FEATURES & AMENITIES
Office Configuration
Open-plan flexible office layouts
Multiple private offices per floor
6 fully equipped meeting rooms
45-seater executive boardroom
Tenant Amenities
Fully fitted kitchens on each floor
Rooftop entertainment area
Ground floor outdoor piazza
Full air-conditioning throughout
Lift access to all floors
Security & Infrastructure
24/7 security and access control
On-site caretaker
Backup water supply tanks
50kVA generator backup power
Double basement parking levels
RENTAL & INVESTMENT PROJECTIONS
Office Rental Rate: R120/m²
Annual Escalation: 8%
Fully Let Scenario:
Office Rental Income: ± R408,000/month
Parking Income: ± R131,930/month
Total Gross Monthly Income: ± R539,930
Total Gross Annual Income: ± R6,479,160
INVESTMENT HIGHLIGHTS
Prime Parktown Location
Situated in one of Johannesburg’s most established commercial precincts, with excellent access to major highways, public transport routes, and key business institutions including legal, medical, and corporate offices.
Future Development Upside
Includes 750m² of additional development bulk, providing strong potential to increase rental income and long-term capital growth.
Vacant Possession Advantage
Full flexibility for investor or owner-occupier to:
Structure leases
Select tenants
Optimise rental strategy
Occupy immediately if required
High-Quality Asset
Recently upgraded and well maintained with strong infrastructure, backup systems, and excellent tenant appeal.
Viewing: By appointment only