32 Bedroom Apartment For Sale in Randburg

Property description

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.
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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
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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
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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
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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
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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
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