9,625m² Investment For Sale in Parktown, CL34787

Jellemzők

ON AUCTION Prime Commercial Property with Exceptional Residential Conversion Potential – 27 Ridge Road, Parktown

This landmark property, located at 27 Ridge Road in the heart of Parktown, presents a rare and versatile investment opportunity. With a Gross Lettable Area (GLA) of 9,625m² and an erf size of 9,429m², the property is currently configured for commercial office use but is ideally suited for a residential or student accommodation conversion.

Strategically positioned in close proximity to Wits University and other major institutions, the property benefits from its central location within a well-established academic and medical precinct. Its existing layout lends itself seamlessly to a high-density residential setup, with ample space for communal amenities and lifestyle facilities.

Key features include:

GLA: 9,625m²

Erf size: 9,429m²

Basement parking: 348 bays – a significant advantage for both residential and institutional uses

Heritage house: A 500m² standalone structure on-site, ideal for use as a communal hub, admin offices, or boutique residential units, offering additional income potential

Zoning: Currently commercial, with strong potential for rezoning or repurposing

The building is in solid condition and benefits from large land coverage, offering scope for landscaped gardens, recreational spaces, or further development. Whether repositioned as premium student accommodation, co-living apartments, or institutional housing, this property offers scale, location, and long-term growth potential.

Don't miss out on this unique opportunity to acquire a prominent site with unmatched redevelopment upside in one of Johannesburg’s most sought-after academic nodes.