4 Bedroom House in Ferndale, Randburg Auction for R #1965617

Redevelopment Opportunity - 4015m2

Ref # 1965617 : Ferndale , Randburg , Gauteng

Auction

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Property Details

Redevelopment opportunity:

The area of FERNDALE is earmarked for rejuvenation with high density housing and is outlined for this location.

Unbelievable opportunity to generate an income while rezoning your land.

Main House:

  • 4 Bedrooms all BIC
  • Possible 5th bedroom or study
  • Main en-suite
  • 3 Bathrooms
  • Guest cloakroom
  • Double-storey home
  • Slate roof
  • Formal lounge
  • Dining room
  • TV room

Kitchen:

  • Breakfast nook
  • Pantry / Scullery
  • Laundry

Cottage:

  • 2 Bedrooms
  • Bathroom
  • Kitchen
  • Lounge

Ground Floor Cottage:

  • 1 Bedroom
  • Bathroom
  • Huge open-plan entertainment area
  • Kitchen
  • Storeroom
  • Fans
  • 2 x Staff accommodation with a bathroom
  • The property is secured with an alarm and panic buttons

Grounds:

  • The garden area has well established trees
  • Enclosed patio
  • 2 Boreholes
  • Swimming pool
  • 2 x Sheds
  • Workshop
  • Nursery
  • Pigeon loft with 2 rooms and a bathroom

Currently the home and the cottages are being rented out.

The breakdown of the rentals are:

-Main house: R19,000

-External cottages: R22,700

-Total Income: R41,700

The property sits on just over 4000m² stand giving the option to subdivide the Erf, sell back land or possibly develop an estate.

Auction Details:

Venue: Onsite

Address: 383 Elgin Avenue, Ferndale

Date: Thursday, 15 July 2021

Time: 12h30

Registration and Viewing opens 1 hour prior to the auction


Auction

  • 15 Jul 2021
  • 12:30

Property Features

  • Property Type House
  • Beds 4
  • Bath 3
  • Pool Yes
  • Building Size
  • Stand Size 4,015m²

Associated Costs

  • Rates & Taxes ± 1083

Location


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