Prime Randburg Redevelopment Opportunity | Existing 3,813m² Building | Residential Conversion Potent
PRIME RESIDENTIAL REDEVELOPMENT OPPORTUNITY
Positioned in the heart of the Randburg CBD node, 299 Surrey Avenue presents a rare opportunity to acquire a substantial property with significant redevelopment potential.
The property comprises a 4,015m² erf improved with approximately 3,813m² of existing buildings across three interconnected blocks. The improvements include extensive parking, backup power infrastructure, water storage facilities, access control and supporting services already in place.
Located within close proximity to Randburg CBD, Republic Road, Bram Fischer Drive, Jan Smuts Avenue and major public transport routes, the property is well positioned to serve the growing demand for residential accommodation within the area.
The existing improvements provide developers with the opportunity to explore residential conversion, co-living accommodation, student accommodation or mixed-use redevelopment opportunities, subject to the necessary municipal approvals.
Property Highlights:
• Erf Size: 4,015m²
• Existing Improvements: ±3,813m²
• Gross Lettable Area: ±3,513m²
• Existing Bulk Rights: FAR 1.5
• Height Restriction: 5 Storeys
• Approximately 95 Parking Bays
• Generator Infrastructure
• Borehole and Backup Water Infrastructure
• Secure Access-Controlled Site
• Excellent Access to Major Transport Routes
Properties of this scale and location seldom become available within the Randburg node, offering developers the opportunity to unlock value through repositioning and redevelopment in an established urban precinct.
Positioned in the heart of the Randburg CBD node, 299 Surrey Avenue presents a rare opportunity to acquire a substantial property with significant redevelopment potential.
The property comprises a 4,015m² erf improved with approximately 3,813m² of existing buildings across three interconnected blocks. The improvements include extensive parking, backup power infrastructure, water storage facilities, access control and supporting services already in place.
Located within close proximity to Randburg CBD, Republic Road, Bram Fischer Drive, Jan Smuts Avenue and major public transport routes, the property is well positioned to serve the growing demand for residential accommodation within the area.
The existing improvements provide developers with the opportunity to explore residential conversion, co-living accommodation, student accommodation or mixed-use redevelopment opportunities, subject to the necessary municipal approvals.
Property Highlights:
• Erf Size: 4,015m²
• Existing Improvements: ±3,813m²
• Gross Lettable Area: ±3,513m²
• Existing Bulk Rights: FAR 1.5
• Height Restriction: 5 Storeys
• Approximately 95 Parking Bays
• Generator Infrastructure
• Borehole and Backup Water Infrastructure
• Secure Access-Controlled Site
• Excellent Access to Major Transport Routes
Properties of this scale and location seldom become available within the Randburg node, offering developers the opportunity to unlock value through repositioning and redevelopment in an established urban precinct.
Monthly Levy
R1
Monthly Rates
R43,000
Total
R43,001
Features
Zoning
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
