- 4
- 2
- 1
- 215 m2
- 4 015 m2
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Monthly Bond Repayment ZAR .
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Property description
EXCEPTIONAL DEVELOPMENT OPPORTUNITY - FERNDALE, RANDBURG
RARE INVESTMENT OPPORTUNITY: COMPLETE AN ESTABLISHED LUXURY DEVELOPMENT
Location: 408 Long Avenue, Ferndale, Randburg
Asking Price: From R10,500,000 (Negotiable)
Property Size: 4,015m²
Zoning: Residential 3 (Approved for 20 units)
INVESTMENT HIGHLIGHTS
8 LUXURY DUPLEX UNITS ALREADY BUILT - generating immediate income potential
APPROVED FOR 20 UNITS TOTAL - build remaining 12 units to maximize returns
ALL CERTIFICATES & APPROVALS IN PLACE - no planning delays
PTY LTD STRUCTURE - shares transfer option available for seamless acquisition
BOREHOLE WITH 2,300L/HOUR OUTPUT - significant cost savings on water
JOJO TANK INSTALLED - water security and storage
EACH COMPLETED UNIT FEATURES:
4 Spacious Bedrooms
2 En-suite Bathrooms
1 Guest Toilet
1 Full Bathroom for remaining bedrooms
Open-plan Lounge, Dining & Modern Kitchen
3 Levels: Ground, First & Second Floor
Private Balcony on Second Floor with stunning views
High-end finishes throughout
PRIME FERNDALE LOCATION
Ferndale is one of Randburg's most sought-after suburbs, offering:
Excellent Schools Nearby:
Eadvance (0.67km)
Radley Private School (0.91km)
Fernhill Preparatory School (0.95km)
SPARK Randburg High (1.43km)
Shopping & Amenities:
Jonarley Shopping Centre (0.13km)
Frangipani Centre (0.21km)
Motor City Strijdom Park (0.60km)
Transport Links: Easy access to major highways and public transport
FINANCIAL OPPORTUNITY
Current Status: 8 units completed (40% of development finished)
Remaining Potential: 12 additional units to be built
Market Comparison: Recent sales in area averaging R2,175,777
Rental Income: Immediate income from completed units
Capital Growth: Ferndale showing consistent property appreciation
INFRASTRUCTURE ADVANTAGES
Water Independence: 2,300L/hour borehole + JoJo tank
Development-Ready: All municipal approvals secured
Professional Finish: Quality construction standards maintained
Established Services: Electricity, sewerage, and municipal connections
TECHNICAL DETAILS
Erf Number: 142
Zoning: Residential 3 (Height Zone A - up to 3 storeys)
Coverage: 50% permitted
Building Lines: 3m from street boundary
WHY THIS OPPORTUNITY?
This is a rare turnkey development opportunity where:
The hard work of planning, approvals, and initial construction is DONE
You can take over and complete a proven concept
Immediate rental income from existing units funds remaining construction
Located in high-demand Ferndale with strong rental market
Shares transfer option ensures smooth legal transfer
INVESTOR BENEFITS
Immediate Cash Flow from completed units
Scale Completion at your own pace
Proven Location with strong property fundamentals
Water Security reduces operational costs
Corporate Structure for tax efficiency
Don't miss this exceptional opportunity to step into a partially completed, high-quality development in one of Randburg's premier locations!
Viewings by appointment only. All information subject to verification.
Property Details
- 4 Bedrooms
- 2 Bathrooms
- 1 Garages
- 1 Lounges
- 1 Dining Area
Property Features
- Access Gate
| Bedrooms | 4 |
| Bathrooms | 2 |
| Garages | 1 |
| Floor Area | 215 m2 |
| Erf Size | 4 015 m2 |
Contact the Agent
Jacqui Van Zyl
Full Status Property Practitioner