Prime corner redevelopment opportunity – two erven, one price

An exceptional opportunity for developers and investors: two adjoining erven totalling 8,030 m2 on a prominent corner of Oxford Street, Ferndale, sold together and offered with vacant occupation on transfer.

COMMERCIAL ERF – ZONED BUSINESS 2 (4,015 m2)

• Primary rights for shops, dwelling units, residential buildings, places of instruction, business purposes, car sales lots and institutions
• Approximately 1,234 m2 under roof
• Existing showroom, warehouse and office accommodation in a functional layout
• Access from both Oxford Street and Fern Avenue
• Prominent street frontage with excellent signage exposure
• Use it as a centrally located headquarters now, or redevelop it. Ideal for electrical wholesalers, hardware and building suppliers, trade counter operations, logistics, warehousing, light manufacturing, automotive suppliers, engineering firms and e-commerce fulfilment.

RESIDENTIAL ERF – ZONED RESIDENTIAL 3 (4,015 m2)

• Access from Fern Avenue
• 9 existing residential units
• Around 40% of the erf is tarred and currently used as yard and parking for the commercial erf
• The remaining 60% carries various residential structures
• Redevelopment potential, such as a townhouse complex like the property next door

DEVELOPMENT POTENTIAL

With Business 2 rights on the front erf and Residential 3 behind, this site lends itself to a mixed-use scheme: street-facing retail, restaurants and offices on the commercial erf, with residential units on the residential erf. Any redevelopment is subject to the necessary town planning and City of Johannesburg approvals.

LOCATION

Strategically positioned with easy links to Bram Fischer Drive, Malibongwe Drive, Republic Road, Jan Smuts Avenue and the N1 Western Bypass, giving efficient reach across Randburg, Sandton, Roodepoort and Midrand.

PRICE: R14,950,000 excluding VAT (approx. R1,862 per m2 of land), for both erven together.

Concept images are artist's impressions of development potential only and are not approved plans. Purchasers should make their own enquiries to verify all information.

Contact us today to arrange a viewing.