R 13 500 000 | 32 bed property for sale in ferndale

Exclusive Development Opportunity – 20 Modern Units in Prime Ferndale | R13.5 Million | 8 Units Completed | High-Yield Investment Potential | Over 6,000 m² GFA on Completion This is your chance to take over and complete a premium residential development in the heart of Ferndale, Randburg – one of Johannesburg’s most in-demand investment zones. Whether you're an established developer, investment fund, or a private buyer looking to scale your portfolio, Long Avenue is a rare find: partially completed, professionally designed, and ideally located for long-term rental income or sectional title sales. ________________________________________ Project Overview • Address: 408 Long Avenue, Ferndale, Gauteng • Erf Size: 4,015 m² • Zoning: Residential • Price: R13,500,000 • Development Layout: 10 blocks (each with 2 units) – 20 units total • Completed: 4 blocks (8 units = 2,400 m² under roof) • Remaining: 6 blocks (12 units = 3,600 m² including balconies) • Total GFA on Completion: 4,800 m² under roof 1,200 m² balconies = 6,000 m² ________________________________________ Unit Breakdown (Per Unit) Each modern duplex unit features: • Ground Floor (100 m²): Kitchen, dining area, lounge, single garage • First Floor (100 m²): 2 spacious bedrooms, study, secondary lounge • Second Floor Under Roof (40 m²): Master suite and bathrooms • Open Balconies (60 m²): Outdoor living space with views • Total Unit Size: 240 m² under roof 60 m² open balconies = 300 m² per unit Per Block: 600 m² Total Build (10 Blocks): 6,000 m² ________________________________________ Location Advantage – At the Centre of It All Ferndale is centrally positioned between Sandton, Bryanston, and Rosebank, making it a hotspot for both professionals and families. This development is surrounded by major transport links, top schools, and business hubs, ensuring strong long-term rental and resale demand. Nearby Amenities & Attractions: • 5 mins to Ferndale on Republic Mall • 7 mins to Randburg CBD • 10 mins to Sandton CBD • 2 km to Bram Fischer Drive and N1 highway • Close to top schools: Kings School, Ferndale High, and Radley Private School • Walking distance to major transport routes and Gautrain Bus Stop ________________________________________ Rental & Resale Potential • Estimated Monthly Rental Per Unit: R12,000 – R17,500 • Annual Gross Yield (Fully Let): R2.88M – R4.2M Sectional Title Resale Potential: Comparable units in Ferndale are selling at R1.4M – R1.8M Nearby Comparable Developments: • The Fern – Ferndale: Contemporary units from R1.6M • Kensington Views – Ferndale: Fully let apartments with similar layouts; high rental turnover ________________________________________ Why This Development? • Professionally designed layout with full approvals and plans • Bulk services, access roads, and infrastructure already in place • 8 completed units generating immediate income potential • Continue construction and benefit from low build-to-value ratios • Demand for quality rentals in Ferndale continues to grow year-on-year ________________________________________