select
|

Bryanston: A vibrant suburb where executives live, work and play

Originally Bryanston was a residential neighbourhood in what was known as the ‘Mink and Manure’ belt of Sandton, so nicknamed after the wealthy equestrian land owners who were prolific in the area. The region has been developed over the last 70 years with cluster complexes and sectional title developments springing up in later years along with a number of office parks.


4 Bedroom House for sale in Bryanston, Sandton

Since its early beginnings in the 1940s, the northern Johannesburg suburb of Bryanston has always been sought after among residential property investors. More than 70 years on and the area has retained its appeal, seen solid increases in its property values, and now appeals to both residential and commercial property investors. 

Chris Renecle MD of Renprop, says that The Hub, a mixed-use precinct set on a prime 22 000m2 site on Bryanston Drive between William Nicol and Main Roads, is Renprop’s answer to the spike in demand for both commercial and residential space in the Bryanston area. This mixed-use precinct will consist of two apartment developments, The Hub and The Edge, as well as an office node called Domain Office Park.

Renecle gives a breakdown of what the mixed-use precinct will include, as well as an overview of what is currently happening in the Bryanston property market.

Off plan:

Designed with upmarket finishes, the 120 units in the residential apartment block at The Hub on Bryanston Drive range in size from approximately 50m² to 180m². 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. 

Russel Peach, Renprop Residential Projects Sales Manager, says that these apartments have been snapped up, with 80% of the development already sold out. “We currently only have a limited number of two-bedroom, two-bathroom units available in both Phase 1 and Phase 2,” he says.


4 Bedroom House for sale in Bryanston, Sandton
 
The continued strong demand for executive accommodation in the Bryanston area will see Renprop launching The Edge later this year, a sectional title apartment development within The Hub precinct.
 
“The Hub and The Edge accommodate both investment buyers as well as those who are looking for executive apartment accommodation in Bryanston,” says Renecle. “The Bryanston/Sloane precinct is fast becoming the new hot business address for many big corporates, and as such, executives are looking for accommodation close to their place of work. Apartments at The Hub and The Edge cater perfectly to this demand.”
 
From an investment perspective, these developments also offer a great opportunity to capitalise on the strong rental demand. “Due to current market conditions and the unparalleled demand for residential accommodation in the area, we believe investors at The Hub and The Edge have the potential of realising a solid yield alongside strong capital appreciation,” says Renecle.
 
Interested buyers can secure an apartment at The Hub from approximately R1,8million. Pricing on apartments at The Hub is currently still at 2016 rates, offering the best value for money in the area at approximately R25 000/m2.
 
Commercial property:
The Hub on Bryanston Drive will include a commercial node comprising 12 500m2 of office space, which is the only sectional title office block for sale in Bryanston. Called Domain Office Park, Renecle says that this commercial development will cater to the current shortage of sectional title office space for sale in the area.

Ideally positioned on the corner of Main Road and Bryanston Drive, Domain Office Park will consist of individual sectional title units ranging in size from 143m2 – 1 800m2 although different configurations and flexible sizing can be accommodated in accordance with a purchaser’s specific space requirements.


3 Bedroom House for sale in Bryanston, Sandton

One of the design features of the Domain office Park is the penthouse offices, which will boast patios with exceptional views. This AAA-grade sectional title office space is available from approximately R28 000/m2 excluding VAT.
 
Aside from the prospect of capital gains based on the performance of Bryanston property values over the last few years, the positioning of the Domain Office Park will provide businesses with excellent brand exposure to passing traffic on the major northern routes. “The Domain Office Park provides a great investment opportunity for those companies looking to purchase their office space or for investors looking to buy commercial space,” says Renecle.
 
Residential property sales:

While the Bryanston area used to be synonymous with large stands and stately homes, modern expansion of the suburb has seen the larger properties giving way to a number of developments offering smaller homes in line with modern living requirements and buyer demand.

Sectional title apartments priced between R1,2million and R1,8million are showing the most movement in the current market. The demand for townhouses in Bryanston remains strong as the main supply of residential properties in the area is mostly made up of large freehold homes or sectional title apartments.


3 Bedroom Apartment for sale in Bryanston, Sandton

When it comes to freehold properties, cluster homes priced below R3,5million remain a popular choice. Family homes set on large stands that the area is known for that are priced between R3,5million and R4,5million are the most popular among buyers currently.

Residential rentals:

There is a strong demand for rental properties in Bryanston due to its great positioning close to the Sandton and Sloan business districts, a range of amenities and good access to major road networks. The rental market is buoyant, with sectional title apartments and cluster homes that rent for between R10 000 and R16 000 /month being in the highest demand. This strong demand, particularly for executive accommodation in the area, bodes well for investors at The Hub and The Edge.

Generally rental apartments in the Bryanston area range between R12 000 – R14 000/month while full title freestanding homes are available from R15 000 /month upwards, depending on size and location.

Renecle concludes by saying that Bryanston has a lot to offer both commercial and residential investors, who can look forward to strong appreciation over the long term, based on the historical performance of the suburb’s property market.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
        
    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