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32 Bedroom Apartment Block For Sale in Ferndale

R12,000,000


Monthly Bond Repayment R121,827.47
Calculated over 20 years at 10.75% with no deposit.

Web Ref No TPR22598

Exclusive Development Opportunity – 20 Modern Duplex Units in Prime Ferndale

Exclusive Development Opportunity – 20 Modern Duplex Units in Prime Ferndale
Price: R 12 000 000 | Completed: 8 units | High-Yield Rental & Resale Potential

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— 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

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— 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

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— 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

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— 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

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— 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

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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!

Features

Bedrooms 32
Security Yes
Bathrooms 28
Recep. Rooms 16
Floor Size 6,000m²
Garages 8
Land Size 4,015m²
Carports/Parkings 3
Pets Allowed Yes

Agent Contact Details

Richard Matern
Tyson Properties Bryanston

Cell 0826533868
Office (011) 4670145
WhatsApp Me
Patrick Sagwete
Tyson Properties Bryanston

Cell 071 125 1900
Office (011) 4670145
WhatsApp Me

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