3 513 m² Commercial space in Ferndale

PRIME RESIDENTIAL REDEVELOPMENT OPPORTUNITY

Positioned in the heart of the Randburg CBD node, 299 Surrey Avenue presents a rare opportunity to acquire a substantial property with significant redevelopment potential.

The property comprises a 4,015m2 erf improved with approximately 3,813m2 of existing buildings across three interconnected blocks. The improvements include extensive parking, backup power infrastructure, water storage facilities, access control and supporting services already in place.

Located within close proximity to Randburg CBD, Republic Road, Bram Fischer Drive, Jan Smuts Avenue and major public transport routes, the property is well positioned to serve the growing demand for residential accommodation within the area.

The existing improvements provide developers with the opportunity to explore residential conversion, co-living accommodation, student accommodation or mixed-use redevelopment opportunities, subject to the necessary municipal approvals.

Property Highlights:

Erf Size: 4,015m2

Existing Improvements: 3,813m2

Gross Lettable Area: 3,513m2

Existing Bulk Rights: FAR 1.5

Height Restriction: 5 Storeys

Approximately 95 Parking Bays

Generator Infrastructure

Borehole and Backup Water Infrastructure

Secure Access-Controlled Site

Excellent Access to Major Transport Routes

Properties of this scale and location seldom become available within the Randburg node, offering developers the opportunity to unlock value through repositioning and redevelopment in an established urban precinct.