Commercial Property in Ferndale For Sale

Excellent Investment Opportunity: Partially Completed Residential Development (20 Units Approved)

A rare chance for developers and savvy investors to take ownership of a half-developed residential project with full approved building plans for 20 units.

The development already features 4 completed blocks housing 8 modern three-storey triplex homes on 2000sqm of developed land, with another 2000sqm still empty and ready for further development.

Each spacious triplex offers:

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

First Floor: Three generous bedrooms and a family bathroom.

Second Floor: Luxurious main bedroom with en-suite bathroom and private balcony access.

The completed units are ready to generate immediate rental income, providing cash flow while you complete the rest of the development. This creates the perfect balance of short-term returns and long-term capital growth.

The remaining 2000sqm offers excellent flexibility - you can build the remaining approved units, add extra parking for residents and visitors, or introduce desirable lifestyle features such as a communal swimming pool and landscaped gardens.

Situated in a highly sought-after location, this half-developed property represents a fantastic value-add opportunity. Whether you're looking to build a strong rental portfolio or complete a contemporary residential complex for resale, this development ticks all the boxes.

Key Highlights:

Approved plans for 20 units

8 completed triplex units

Half developed - 2000sqm developed / 2000sqm still empty

Strong immediate rental potential

Significant scope for further development and value uplift