32 Bedroom Apartment For Sale in Randburg

Property description

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!