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The Hub on Bryanston Drive offers solid investment opportunities

Established in 1969 and named after a village in England, the upmarket northern Johannesburg suburb of Bryanston has, over the years, developed rapidly from a relatively rural suburb consisting of country homes for South Africa’s elite and wealthy into a bustling suburb that appeals to a wide range of homeowners and businesses alike.


An artist’s impression of the first residential apartment component of The Hub on Bryanston Drive precinct.
 
Russel Peach, Renprop Residential Projects Sales Manager, says: “The broader Bryanston area has seen rapid development - both residential and commercial -in recent years due to decentralisation of traditional business nodes and the continued demand for residential property in this upmarket area due to its excellent location and selection of amenities.”
 
Home to a variety of schools including Brescia House, Bryanston High, St. Stithians, The International School, Bryanston Primary, Bryneven Primary, Michael Mount Waldorf School and Bryan Park Primary, Bryanston also boasts a range of other amenities from churches, medical facilities and gyms to the Bryanston Country Club, Sports Club and an organic market.
 
Bryanston is centrally located with an excellent road infrastructure linking the area to other business hubs in Sandton, Rosebank and the Johannensburg CBD as well as easy access to the major motorways. There is also no shortage of shopping centres and restaurants in the area.
 
While its residents like the fact that even though the area has grown, it has not lost its leafy appeal, the commercial sector has been attracted by its prime position, amenities, and linkage to major road networks. In recent years a number of large multinationals and other blue chip businesses have relocated to the area and this is, according to Peach, one of the main factors driving demand for residential property in Bryanston as more and more people choose not to negotiate the traffic and rather live closer to their place of work.
 
Evidence of this can also be seen in the increasing rental demand for properties in the northern Johannesburg suburbs. Chris Renecle, MD of Renprop points out that from an investment perspective; those who invest in rental property portfolios despite having to put down equity are enjoying solid returns due to the increase in demand for rental units. “Demand is being driven by a lack of 100% bonds,” he says. “The increase in demand for rental properties has also meant that rental prices are increasing, and will continue to do so, especially in the northern Johannesburg suburbs, until demand is met with sufficient supply.”

Purchase prices of residential property in Bryanston reflect its upmarket nature, with 66% of recent transfers holding price tags in excess of R3-million. In the three months between June and August 2014, 185 homes in the area have changed hands.

Launching in October 2014, The Hub on Bryanston Drive is Renprop’s answer to the spike in demand for both commercial and residential space in this region. This mixed-use precinct, which is set on a prime 22 000m2 site on Bryanston Drive between William Nicol and Main Roads, will be home to Bryanston’s first four-story residential apartment building. The Hub on Bryanston Drive will also include a commercial node comprising 12 500m2 of office space spread over four buildings.
 
Designed with upmarket finishes, the 120 units in the residential apartment block at The Hub on Bryanston Drive will range in size from approximately 50m² to 180m². The apartments will be available in a variety of configurations including one bedroom, one bathroom; two bedrooms, one bathroom; two bedrooms, two bathrooms and penthouses, which will include three bedrooms, two bathrooms and magnificent views towards Magaliesburg. Communal facilities include a swimming pool and clubhouse. The apartment buildings will also have basement parking and storage facilities for residents as well as a concierge and conference facilities. 
 
“Priced from R1,1- million upwards, these apartments are ideally suited to upwardly mobile executives who are looking to live closer to their place of work due to the increasing travel costs, as well as investors or corporates who need accommodation for their executives,” says Peach.
 
“Due to current market conditions and the unparalleled demand for residential accommodation in the area, apartments at The Hub on Bryanston Drive will make for an ideal investment. Rental demand for these apartments is expected to be strong in line with current market trends in the area, meaning investors have the potential of realising a solid yield.”


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