R46,200,000 | 7,329m² Investment For Sale in Ferndale

Located at 170 Bram Fischer Drive in Randburg, Gardens Mall presents an exceptional opportunity to acquire a mixed-use investment property in one of Johannesburg’s most active urban growth corridors. This well-positioned asset is available for R46,200,000 excluding VAT and spans approximately 7,329 square metres on a 4,050 square metre stand.

The property features a strong tenant mix, comprising 86 modern residential flats and 20 retail shops. The residential component includes 78 bachelor units, 2 one-bedroom units, 5 two-bedroom units, and 1 three-bedroom unit. All units are fitted with prepaid electricity meters for efficient utility recovery. The property also benefits from a borehole water supply, reducing reliance on municipal services and adding to its operational sustainability.

Gardens Mall is centrally located with direct access to the Randburg CBD and just a short distance from the Randburg taxi rank, offering tenants easy access to public transport and essential services. The area is undergoing major infrastructure improvements, including the planned Gautrain station, which will significantly enhance connectivity and long-term property value.

Future development plans for the property include the addition of 77 new residential apartments, which will bring the total number of units to 163. Architectural drawings and engineers’ reports are already completed and available on request, offering a clear path to expansion and increased income potential.

Financials and supporting documents can be provided.