2 514 m² Land available in Ferndale

Oak Avenue, Ferndale | Approved 12-Unit Development | R 3.6 Million

Stop paying to wait - start earning while you build.

This 2,514m² Ferndale stand is already rezoned and approved for a 12-unit townhouse development, cutting years off the usual planning timeline.

Approved under Amendment Scheme 20-04-0757. Architect-designed layout - 5 Type A, 6 Type B, 1 Type C. 60 coverage, 0.8 FAR, two-storey rights, density of 48 units per hectare. Johannesburg Water has approved the Outline Scheme Report and supports the application - one of the biggest hurdles, already cleared.

Unlike vacant land, this site already earns. The existing home with two self-contained wings, a separate outbuilding, borehole, three-phase power and pool mean rental income can offset your holding costs from day one.

Site Development Plan is the next step, then building plans.

Prime position near Bram Fischer Drive, Canterbury Crossing, Bramfischer Centre, Brightwater Commons, and both Sandton and Randburg CBDs.

An approved, income-producing development site, ready to build. R3.6 million.

PARKVILLE PROPERTIES PTY LTD trading as REMAX Advantage Rosebank operates in terms of a franchise agreement with REMAX of Southern Africa.