152 Bram Fischer Drive

152 Bram Fischer Drive | Randburg | Johannesburg  | 2194

Price on Application



Investment highlights

  • Appealing opportunity for residential conversion or a commercial owner-occupier 

  • Various unit extents and the configuration can be altered to suit tenant or conversion specialist needs 

  • Well situated and enjoys excellent exposure to a passing traffic on Republic Road, a key arterial route 

  • Neighbouring buildings in the Bram Fischer Park for sale allowing investors the opportunity to secure the whole Park  

  • Budgeted first year’s forward Net Operating Income of approximately R300,000  



The property is situated within the Randburg CBD, approximately 7km east of the Sandton CBD and 18km north west of the Johannesburg CBD. Randburg is an upmarket area to the northwest of the City of Johannesburg Metropolitan Municipality, neighboured by Sandton and Roodepoort.  

Bram Fisher Office Park is situated on the corner of Bram Fischer Drive and Republic Road at the southern fringe of the Randburg CBD, directly opposite the Multichoice City complex. The property is accessible from the main entrance on Bram Fischer Drive. 

Republic Road is a major thoroughfare that connects to William Nicol (which links to the N1 Highway) and Jan Smuts Avenue (which in turn links to Rosebank and Sandton).  

There are a range of complementary amenities surrounding the property. These comprise various office parks (including the large Multichoice City Complex), shopping centres (such as the newly renovated Ferndale on Republic Centre) and established residential suburbs. 


The double-storey B-grade office block offers basement parking. Open brick paved visitor parking is offered in the areas between the property and the neighbouring office block (which is also for sale).  

The buildings are constructed in face brick under a pitched slate roof. The offices offer various layout configurations with varying tenant fit out. There are neat and well-maintained open plan and partitioned offices within the scheme.  

The buildings offer basement parking, as well as open and covered parking bays.  The perimeter is secured with a face brick wall and vertical steel bars with boom access control. 


Zoning and Title Deed Information

Erf: 1118 Ferndale

Tenure: Freehold

Registered Owner: Government Employees Pension Fund

Title Deed number: T22543/2011

Local Authority: City of Johannesburg

Extent: 4,015 sqm

Zoning: Special

Floor Area Ratio: 0.9 of all buildings

Coverage: 30% at 3 Storeys and 45% at 2 Storeys

Height: 3 Storeys

Building lines: 5 metres along the eastern boundary


Rentable Areas

Use Use Size (Sqm) / Bays
Office 2,356
Stores 7
Total 2,363
Basement 67
Covered 48
Shade Ports 8
Open 25
Total 148



Tenancy and covenant

The property is occupied by 4 tenants which take up 46% of the GLA. The tenancy is summarised as follows: 

Emerge Group (Pty) Ltd 

  • Area: 211 sqm.  
  • Lease term: The lease commenced on 01 June 2019 and expires 31 May 2022.  
  • Rent: R15,983.22 per month 
  • Escalation: 8.00% per annum  

RiSA Audio Visual Licensing  

  • Area: 387 sqm
  • Lease term: The lease commenced on 01 February 2019 and expires on 28 February 2022  
  • Rent: R28,162.73 per month
  • Escalation: 8.00% per annum 

Econoservices (Pty) Ltd 

  • Area: 249 sqm 
  • Lease term: The lease commenced on 01 October 2020 and expires on 31 December 2022.
  • Rent: R17,479.80 per month
  • Escalation: 8.00% per annum

Bramiche Trading CC 

  • Area: 228 sqm.
  • Lease term: The lease commenced on 01 September 2017 and expired on 31 August 2018. Currently being occupied on a month-to-month basis.
  • Rent: R 14,820.00 per month

Emerge Group (Pty) Ltd 

Emerge Group is a management consultancy, with specialist divisions providing the following services: accounting, tax and audit, and corporate advisory services, along with large scale BBB-EE strategy formation, skills development solutions and labour relations services. 

They operate both the private and public sectors, with clientele ranging from the small start-up to large national entities in sectors such as mining and finance.  

RiSA Audio Visual Licensing 

RISA Audio Visual (RAV) is the licensing body setup by the Recording Industry of South Africa to grant licenses to users of music videos and sound recordings but excludes the performance rights in sound recordings. These users include, broadcasters, programme-makers, jukebox manufacturers and distributors, in-store background music system suppliers, and DJ’s. 


Broad Based Black Economic Empowerment, Employment Equity and Skills Development business consultants that have been operating since 2000, providing solutions for compliance business problems and transformation. 

Bramiche Trading CC 

BraMiche Insurance Brokers (MIB), established in 2006, provides car, home, life and business insurance products. 

Net operating income


Period March 2022 – February 2023  
Gross income (ZAR) 2,620,132
Gross Expenses (ZAR) 2,315,146
Net Operating Income (ZAR) 304,986

 *Rental income assumptions: 

  • Assumed RISA Audio, Econo Services, and Emerge Group leases will continue on a month to month basis at expiry. 
  • Assumed Bramiche Trading lease will continue running month to month. 
  • No rental assumption has been applied to the vacant portion of the property, due to limited leasing inquiries and interest.
  • A full breakdown of the projected NOI is available upon signature of an NDA, along with tenancy schedules, rent rolls and plans where available.


The Seller has been registered for VAT (Value Added Tax). It is intended that the sale will be treated as a transfer of a going concern, provided that the purchaser is registered for VAT and the requirements for going concern are met in terms of the VAT Act, No. 89 of 1991.

Sales process

Stage 1:

In this stage of the process interested parties are requested to submit a non-binding Letter of Interest / Intent (“LOI”) to the JLL Empact JV by no later than -

12h00 on Thursday 7 October 2021. Bids are to be submitted electronically to the email addresses of the agents provided herein in the template LOI format provided in the Downloads tab below. Please note that late electronic submissions will not be considered by the PIC.

To submit these LOIs the following Stage 1 property information is available under the Downloads tab:

A downloadable Information Memorandum (which is a summary of the information contained in this property information page);

  • A comprehensive Stage 1 Process Letter (setting out the two-stage Private Tender Process in greater detail);  
  • The Seller’s template / standard Letter of Intent / Interest (“LOI”);
  • The Sellers’ standard Non-Disclosure Agreement (“NDA”). The NDA must be completed if the purchasers wants to view a detailed Tenancy Schedule (if applicable and available). 

Bidders will also be allowed to view the Property, provided 48 hours’ notice is given to the JLL Empact JV. 

To download any of these documents you’ll be required to register to become a subscriber to the South African Property Exchange (SAPX).

Stage 2:

Stage 1 LOIs / bids will be assessed by the Seller and thereafter a select number of bidders will be given permission to participate in Stage 2 of the process. In Stage 2, select bidders are given access to a comprehensive Stage 2 due diligence data room to conduct a more extensive due diligence exercise. FICA or KYC verification will be required and submission of binding offers will be done via the ClicktoPurchase functionality on SAPX or via the submission of PDF signed copy of an approved sale and purchase agreement directly to the agents. The agents will provide selected bidders with instructions that outlines how offers are to be submitted via ClicktoPurchase® or direct submission by providing select bidders with a detailed Stage 2 Process Letter.

In Stage 2 bidders have up to 6 weeks to conduct their DD and submit final binding offers.

Bids will be accessed on four main criteria:

  • Price
  • Ability to perform / track record
  • Conditionality (i.e. speed of performance)
  • Timing of electronic submission of offer.

PJ Muller PJ.Muller@empactgroup.co.za +27 (0) 82 888 0828
Kedibone Bolofo Kedibone.Bolofo@empactgroup.co.za +27 (0) 83 988 1740



Pepler Sandri pepler.sandri@eu.jll.com +27 (0) 82 445 5496
Thabiso Malibeng thabiso.malibeng@eu.jll.com +27 (0) 79 183 1153



No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of the JLL Empact JV or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of the JLL Empact JV or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of the JLL Empact JV or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of the JLL Empact JV or the vendor shall not give rise to any right of action, claim, entitlement or compensation against JLL Empact JV or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of the JLL Empact JV or the vendor.