"From what was once the heart of middle-class suburbia a judiciously designed, groundbreaking 315 000sqm mini-city, which effectively combines office, commercial, residential and entertainment spaces is fast emerging," points out Retha Schutte, Pam Golding Properties' regional executive for Pretoria.
"Indeed, development within the greater Menlyn region has become so rapid that it is increasingly being referred to as 'Pretoria's Sandton'."
In 2006, however, the Menlyn Maine development project appeared as if it was going to disintegrate before it had even effectively begun.
The initiative was becoming particularly mired in the affairs of a number of the individual members of the community, many of whom quite understandably did not wish to sell their homes, or had high expectations of what their properties were worth now that the land been earmarked for development.
In a third attempt to get the multi-billion rand project off the ground, the developers approached Schutte and Pam Golding Properties for assistance with overcoming the stumbling block of bringing together, or, to put it in words of the real estate industry, 'assembling', all of the necessary land for a massive project that had been years in the making.
"The developers asked me whether I thought Pam Golding Properties could successfully transact the purchase all of the necessary properties on their behalf," relates Schutte.
It will also offer an incomparable shopping, entertainment and lifestyle experience," points out Schutte.
"Menlyn Maine is uniquely situated to take advantage of the continued development in Tshwane and is already assisting to energise the entire Pretoria East region.
It is gratifying to see such an extraordinary project now starting to be realised, and for Pam Golding Properties to have played such a significant role in the birth of the development," concludes Schutte.
For further information please contact Retha Schutte of Pam Golding Properties on telephone
Retha Schutte, Pam Golding Properties regional executive in Pretoria, says that the rapid growth of the Tshwane municipal area has been nothing short of astonishing.
"Regions such as Menlyn are becoming the new mini-Sandtons of Pretoria and now areas such as that around the Loftus Versfeld stadium are earmarked for massive redevelopment."
According to Schutte, the development of the Loftus area is being led by the construction of a new residential apartment block called 441@Kirkness developed by Coza Investments directly opposite the stadium.
"Usually retail and commercial property spearhead the development of growth nodes, but in this case a residential space is leading the way," says Schutte.
She says that 441@Kirkness consists of 56 upmarket apartments, which have now for sale from R998 000.
The apartments will be ready for occupation soon and Schutte expects them to be popular among investors and renters.
Schutte says enquiries for flats at 441@Kirkness have come from investors interested in the letting potential of the apartments, as well as from young professionals and students who appreciate the centrality and the urban chic lifestyle the development offers.
"The apartments designed by Swart architects are a good first stepping stone into the residential property market because they are affordable and in an area that is on the rise and undergoing substantial redevelopment.
"Young professional first time buyers will be secure in the knowledge that they have made an investment that is likely to appreciate in value over time and which can yield excellent rental returns if they decide to move to a larger home one day."
Schutte says that buy-to-let investors have also shown interest in the 441@Kirkness apartments, which should secure initial rental returns of between R8 500 and R10 000 a month for furnished units.
She says there is a strong demand for rental accommodation in Pretoria.
The open plan apartments have balconies, loft bedrooms and shower bathrooms, and fitted kitchens with granite counter tops, under-counter ovens, washing machines and dishwashers.
The building has wireless internet and a lift and security features include manned security gates and CCTV cameras.
Call Retha Schutte on 012 365 2887 or email firstname.lastname@example.org.
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