NEW
Web Ref CL34787
ON AUCTION - 10 SEPTEMBER 2025 - EXCEPTIONAL RESIDNETIAL/STUDENT CONVERSION POTENTIAL
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.
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.
Features
Zoning
Commercial
Title
Freehold
Interior
Power (3 Phase)
Yes
Exterior
Security
Yes
Parking Bays
Open Parkings
55
Covered Parkings
22
Basement Parkings
271
Sizes
Floor Size
9,625m²
Land Size
9,429m²
Extras
24 Hour Access; 24 Hour Response; Alarm System; Security Gate; Lifts; Backup Battery/Inverter
STREET MAP
STREET VIEW
