The Cap­i­tal on Bath – Rose­bank’s ex­clu­siv­ity icon

The Star Early Edition - - COMMERCIAL PROPERTY FOCUS - Roy Cokayne

A NEW mul­ti­mil­lion-rand ex­ec­u­tive apart­ment ho­tel is to be built in Rose­bank in Jo­han­nes­burg.

Called The Cap­i­tal on Bath, it will com­prise 52 apart­ments and 100 ho­tel rooms.

Sit­u­ated in the heart of Rose­bank on Bath Av­enue, con­struc­tion of the ho­tel will com­mence in Jan­uary and is ex­pected to be com­pleted by Novem­ber, with the ho­tel open­ing its doors to guests in Jan­uary 2016.

The Cap­i­tal on Bath is the sev­enth in The Cap­i­tal Ho­tel Group’s port­fo­lio of ex­ec­u­tive apart­ment ho­tels in the greater Sand­ton area and is be­ing built in re­sponse to in­creased de­mand for res­i­den­tial prop­erty in the Rose­bank area.

It will of­fer guests a gym and out­door pool, sta­teof-the-art se­cu­rity and key­less ac­cess, a café and bar, laun­dry and house­keep­ing, air-con­di­tion­ing and Wi-Fi.

Marc Wachs­berger, the man­ag­ing di­rec­tor of The Cap­i­tal Ho­tel Group, said it was con­sis­tently ranked num­ber one on the STR Global Ho­tel bench­mark survey for the group’s per­for­mance in Sand­ton. “It is there­fore a nat­u­ral pro­gres­sion for us to move into Rose­bank with our same core val­ues in mind – of­fer­ing bril­liant ba­sics to our cor­po­rate clients while meet­ing their bud­gets,” he said.

Ken Reynolds, the Gaut­eng re­gional ex­ec­u­tive at Ned­bank Cor­po­rate Prop­erty Fi­nance, which is pro­vid­ing R100 mil­lion to the Cap­i­tal Ho­tel Group for the de­vel­op­ment of the ho­tel, said Rose­bank had at­tracted much in­ter­est from savvy in­vestors.

Reynolds said: “Rose­bank has seen much com­mer­cial de­vel­op­ment and in­vest­ment since the Gau­train sta­tion was launched in 2011 and has been de­clared one of 35 pri­or­ity ar­eas in greater Jo­han­nes­burg to re­ceive im­proved ser­vice de­liv­ery and in­fra­struc­ture. In the past three years, close to R7 bil­lion has been spent on the de­vel­op­ment of new of­fice build­ings and the re­fur­bish­ment of older com­mer­cial build­ings in the area.

“Ac­cord­ing to the Rose­bank Man­age­ment Dis­trict, the area has be­come Jo­han­nes­burg’s third­largest high-rise business cen­tre after Sand­ton cen­tral and the in­ner city.”

Rose­bank had be­come one of Jo­han­nes­burg’s most de­sir­able ad­dresses for busi­nesses and ex­ec­u­tives alike be­cause it was well lo­cated for easy ac­cess to the Jo­han­nes­burg CBD, Illovo, Mel­rose and Sand­ton. “In ad­di­tion, The Cap­i­tal on Bath is within walk­ing dis­tance of the Rose­bank CBD, the Gau­train sta­tion and the ex­cel­lent schools and pri­vate hos­pi­tals in the dis­trict,” said Reynolds.

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