select
|

New sectional title apartments for Morningside

Demand for sectional title apartments in key nodes throughout northern Johannesburg has continued to gain momentum in the first month of 2017, says Chris Renecle, MD of Renprop.



“Investment buyers are looking for quality sectional title properties close to major business hubs and social nodes that offer a strong rental demand, while young up-and-coming executives are looking for places to live that are close to their place of work.”

Renecle notes this demand is predominantly being seen in the middle market for properties priced between R1million and R3million - a portion of the market that Renprop expects to continue on a similar growth trend as it has in recent years.

This level of demand has prompted Renprop to launch The View, a 106-apartment block in Michelle Street, Morningside. Boasting views over the Johannesburg County Club valley, this apartment block is spread over four stories and is within walking distance to the Sandton Shul. These apartments are also close to a number of shopping centres and medical facilities while also enjoying easy access to Johannesburg’s major road networks.

Created with investment buyers and young executives in mind, The View is well placed close to the cosmopolitan business and social hub of Sandton: the address of some 10 000 blue chip businesses and the Johannesburg Stock Exchange. In fact, the area has become renowned as one of the most significant business and financial districts in South Africa.

There is a mix of one-bedroom, two-bedroom and penthouse apartments at The View, which are competitively priced from R1.2million. Designed with the young executive in mind, communal facilities include a concierge service and the building will be fibre-ready. Additional features include basement parking and a clubhouse with a communal swimming pool. Each apartment will have access to basement parking and storage facilities, and ample parking will be available for visitors.



In conclusion Renecle points out that from an investment perspective the off-plan residential property market has experienced fairly consistent levels of demand in recent years, which has been underpinned by a strong rental demand. “Currently the market is showing that the demand for well located investment properties is strong, and with a continual high level of demand for rental properties in the greater Sandton precinct, The View presents a sound investment option with good rental return and capital growth prospects.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK