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Jacques du Toit, Property Analyst at ...
Jacques du Toit, Property Analyst at Absa Home Loans and Retha Schutte, Pretoria Regional Executive for Pam Golding Properties join CNBC Africa for more.
Retha Schutte, Pam Golding ...
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
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.
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."
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.
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.