Commercial space in Ferndale
Ferndale, Randburg, Gauteng
Listed by
Faizaan Rangraze
RE/MAX Superior Mulbarton
Details
Prime Investment Opportunity - Half-Developed Residential ComplexAn exceptional opportunity for developers and investors to acquire a half-developed residential complex with approved building plans for a total of 20 units.Situated on approximately 4,000m² of land, around 2,000m² has already been developed, while the remaining 2,000m² is vacant, providing ample space to complete the balance of the approved development.The existing development comprises 4 completed building blocks, consisting of 8 spacious three-storey triplex units.Each triplex unit offers:- Ground Floor: Garage, entrance hall, spacious lounge, dining area, kitchen, guest toilet, and bathroom.- First Floor: Three well-sized bedrooms and a family bathroom.- Second Floor: Private main bedroom with an en-suite bathroom and access to a balcony.The completed units provide an opportunity to generate rental income while the remaining development is completed, offering both immediate cash flow and long-term capital growth.The undeveloped portion of the property provides excellent flexibility to construct the remaining approved units, create additional resident and visitor parking, or introduce lifestyle amenities such as a communal swimming pool and landscaped recreational areas.Positioned in a prime location, this is a rare opportunity to complete a development with significant upside. Whether you''re looking to expand your investment portfolio or complete a profitable residential project, this property offers outstanding potential.Property Highlights:- Half-developed residential complex- Approved building plans for 20 units- 8 completed triplex units across 4 building blocks- Approximately 2,000m² developed and 2,000m² remaining for future development- Excellent income-generating and development potential- Prime investment opportunityDORICEL PTY LTD trading as REMAX Superior Mulbarton operates in terms of a franchise agreement with REMAX of Southern Africa.
Location
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