R 18 500 000 | office property for sale in ferndale

PRIME RESIDENTIAL REDEVELOPMENT OPPORTUNITY Positioned in the heart of the Randburg CBD node, 299 Surrey Avenue presents a rare opportunity to acquire a substantial property with significant redevelopment potential. The property comprises a 4,015m² erf improved with approximately 3,813m² of existing buildings across three interconnected blocks. The improvements include extensive parking, backup power infrastructure, water storage facilities, access control and supporting services already in place. Located within close proximity to Randburg CBD, Republic Road, Bram Fischer Drive, Jan Smuts Avenue and major public transport routes, the property is well positioned to serve the growing demand for residential accommodation within the area. The existing improvements provide developers with the opportunity to explore residential conversion, co-living accommodation, student accommodation or mixed-use redevelopment opportunities, subject to the necessary municipal approvals. Property Highlights: • Erf Size: 4,015m² • Existing Improvements: ±3,813m² • Gross Lettable Area: ±3,513m² • Existing Bulk Rights: FAR 1.5 • Height Restriction: 5 Storeys • Approximately 95 Parking Bays • Generator Infrastructure • Borehole and Backup Water Infrastructure • Secure Access-Controlled Site • Excellent Access to Major Transport Routes Properties of this scale and location seldom become available within the Randburg node, offering developers the opportunity to unlock value through repositioning and redevelopment in an established urban precinct.