Levels on Long - From R2,100,000
Exclusive Development Opportunity – 20 Modern Units in Prime 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, 408 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: R14,500,000
• 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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Features
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Disclaimer: While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
