select
|

Prime Sandhurst property goes on offer at R30-million

A large piece of prime real estate in Sandhurst, one of Gauteng’s most expensive addresses, has come on the market after 50 years of family ownership says luxury homes marketer Ronald Ennik.



Priced at R30-million, the 8500sqm erf in Harrow Road was bought 50  years ago by Professor Joseph Levin, one of the pioneers of nuclear medicine in South Africa, adds the founder and CEO of Christie’s-affiliated Ennik Estates.

The professor, who died in 2012, was at one stage the Head of Nuclear Medicine at the Johannesburg General Hospital.

His investment in the Sandhurst erf was made (with great foresight) in 1963, following which he built a family home on it – some years before the first sod was turned on the nearby site of Africa’s iconic Sandton City shopping hub. 

At one stage during the long-term residence of Professor Levin and his family at 45 Harrow Road, one of their nearby neighbours was the renowned paleoanthropologist Professor Raymond Dart (who produced the first evidence that humans originally evolved in Africa). 

The property, including the original old house, has been put on the market by Professor Levin’s three children, only one of whom, Jenny Gardy, is still resident in South Africa. She is coordinating the sale of the property on behalf of the family.

Ennik Estates is marketing the property in a bespoke mandate with Firzt Realty.

“The property lies at what was once the heart of the Sandton ‘mink and manure’ belt – so defined because of the then criss-cross of horse trails used by its well-heeled equestrian residents,” says Ronald.

“Today the Sandhurst area is known as Gauteng’s ‘platinum’ property belt. It is highly desirable because of its prime location, its status as one of the best neighbourhoods in town, its large land size, and because it generally has virtually no price ceiling. So, there are seldom any bargains to be had.

“Furthermore, like equally blue chip Hyde Park and Westcliff, the owner profile of Sandhurst is generally captains of South African commerce and industry, top end medical and other professionals, and international investors,” says Ronald.

“The Levin property is an obvious ‘buy-demolish-build’ development proposition,” says Jan Minnie, who, with Ronald, is driving the Ennik Estates end of the mandate.

“Zoned for residential use, the property is already approved for sub-division into four, but could be further sub-divided for a cluster of, say, six homes,” says Jan.

“Marketing properties in top end residential areas like Sandhurst requires a keen awareness and grasp of the nuances and unique characteristics of this discerning end of the market – as well as an understanding of the specialist needs of the high net worth, and extremely closely knit, communities who are its investors,” Ronald concludes.

Ennik Estates is the exclusive affiliate in Gauteng of Christie’s International Real Estate, the US$100-billion sales a year global luxury property arm of the world’s largest and oldest fine art auction house. 





  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 25 Apr 2018
      Whether you are a seasoned seller or new to the game, putting your home on the market is an exciting moment. To ensure you get the best possible outcome these 8 value adding additions to your home is worth the effort.
    • 25 Apr 2018
      After four years of unprecedented growth fuelled by semigration, the Southern suburbs market faced a number of challenges in 2017, including dwindling affordability and a marked slowing in house price growth with many sellers forced to lower their prices in order to secure a sale.
    • 25 Apr 2018
      Mall of Africa, is celebrating its second year of sensational success. This splendid super-regional shopping centre first opened on 28 April 2016, and has grown in popularity, performance and profile since then.
    • 25 Apr 2018
      While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility. Trustees have a fiduciary duty towards their scheme, says Chinelle Hewit, Operations Manager at sectional title finance company Propell.
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
        
    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