900 m² Commercial space in Ferndale

Prime Investment Opportunity - Half-Developed Residential Complex

An exceptional opportunity for developers and investors to acquire a half-developed residential complex with approved building plans for a total of 20 units.

Situated on approximately 4,000m² of land, around 2,000m² has already been developed, while the remaining 2,000m² is vacant, providing ample space to complete the balance of the approved development.

The existing development comprises 4 completed building blocks, consisting of 8 spacious three-storey triplex units.

Each triplex unit offers:

- Ground Floor: Garage, entrance hall, spacious lounge, dining area, kitchen, guest toilet, and bathroom.

- First Floor: Three well-sized bedrooms and a family bathroom.

- Second Floor: Private main bedroom with an en-suite bathroom and access to a balcony.

The completed units provide an opportunity to generate rental income while the remaining development is completed, offering both immediate cash flow and long-term capital growth.

The undeveloped portion of the property provides excellent flexibility to construct the remaining approved units, create additional resident and visitor parking, or introduce lifestyle amenities such as a communal swimming pool and landscaped recreational areas.

Positioned in a prime location, this is a rare opportunity to complete a development with significant upside. Whether you''re looking to expand your investment portfolio or complete a profitable residential project, this property offers outstanding potential.

Property Highlights:

- Half-developed residential complex

- Approved building plans for 20 units

- 8 completed triplex units across 4 building blocks

- Approximately 2,000m² developed and 2,000m² remaining for future development

- Excellent income-generating and development potential

- Prime investment opportunity

DORICEL PTY LTD trading as REMAX Superior Mulbarton operates in terms of a franchise agreement with REMAX of Southern Africa.