R 12 000 000 | 32 bed property for sale in ferndale

Exclusive Development Opportunity – 20 Modern Duplex Units in Prime Ferndale Price: R 12 000 000 | Completed: 8 units | High-Yield Rental & Resale Potential –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– — Project Overview Address: 408 Long Avenue, Ferndale, Randburg, Gauteng Erf Size: 4 040.01 m² Zoning: Residential Layout: 10 blocks × 2 duplex units = 20 units total Completed to Date: 4 blocks ? 8 units GFA under roof: 8 × 221.91 m² = 1 775.28 m² Remaining to Build: 6 blocks ? 12 units GFA under roof: 12 × 221.91 m² = 2 662.92 m² Total GFA on Completion: 4 438.20 m² –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– — Unit Breakdown (per duplex unit) Floor-plate (each level): 7.46 m × 9.91 m = 73.97 m² Ground Floor: Kitchen, dining, lounge, single garage ? 73.97 m² First Floor: 2 bedrooms, study, secondary lounge ? 73.97 m² Second Floor (under roof): Master suite bathrooms ? 73.97 m² Total Unit GFA: 3 × 73.97 m² = 221.91 m² Per Block (2 units): 443.82 m² Full Development (10 blocks): 4 438.20 m² –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– — Location Advantage 5 min to Ferndale on Republic Mall 7 min to Randburg CBD 10 min to Sandton CBD 2 km to Bram Fischer Drive & N1 highway Walking distance to Gautrain Bus Stop Top schools nearby: Kings School, Ferndale High, Radley Private School –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– — Rental & Resale Potential Est. Monthly Rental per Unit: R 12 000–R 17 500 Annual Gross Yield (fully let): R 2 880 000–R 4 200 000 Comparable Sectional-Title Sales in Ferndale: R 1.8 M–R 1.9 M per unit –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– — Why This Development? Bulk services, access roads & infrastructure in place 8 income-producing units already generating cash flow Architect-designed duplexes with plans & approvals secured Low remaining build-to-value ratio on the 12 units left Growing demand for quality rentals & sectional-title homes –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Discover a modern community of 20 three-storey duplexes in Ferndale—8 units ready to generate income and 12 ready for your development. Situated on a fully serviced 4 040 m² erf just minutes from Sandton, Rosebank, and key transport links, it delivers immediate cashflow and strong resale prospects. Priced at R 12 Million, this turnkey offering balances built-in returns with long-term growth potential. Tyson’s Takeaway Smart design, dependable income, and room to grow—your next win starts here!