Ex­ec­u­tive liv­ing in the heart of Sand­ton

Apart­ments at Nel­son Man­dela Square’s The Raphael are ideally suited to young ex­ec­u­tives and ca­reer-driven cou­ples. Michelle Swart finds out more

Business Day - Home Front - - HOMEFRONT -

BY THE 1930s, the sub­urbs of Sand­ton were well es­tab­lished as “gen­tle­man es­tate” ar­eas con­sist­ing of ex­cep­tion­ally large prop­er­ties. In 1969, Sand­ton was pro­mul­gated as a mu­nic­i­pal­ity and the de­vel­op­ment of Sand­ton City dur­ing the early 1970s was the first step to­wards trans­form­ing it from a farm­ing com­mu­nity to a bustling busi­ness district.

The Sand­ton Man­age­ment District web­site (sand­ton­cen­tral.co.za) notes that the rush of com­mer­cial space be­gan in the mid to late 1980s when land in Sand­ton, Rose­bank and Park­town was cheaper than that in the Jo­han­nes­burg CBD. It says that in ac­cor­dance with Sand­ton’s amend­ment scheme 292, the coun­cil agreed to 200 000m² of of­fice space. To­day, the fig­ure for Sand­ton Cen­tral alone stands at one mil­lion square me­tres. Sand­ton City’s ad­di­tion, Sand­ton Square, was re­named Nel­son Man­dela Square on the 10th an­niver­sary of the com­plex in 2004 when a 6m statue of Nel­son Man­dela was in­stalled to hon­our the fa­mous South African states­man.

The ad­vent of the de­vel­op­ment of th­ese shop­ping dis­tricts and the rush for com­mer­cial space out­side of the Jo­han­nes­burg CBD has ce­mented Sand­ton’s po­si­tion over the years as the most im­por­tant busi­ness and fi­nan­cial district in South Africa.

With to­day’s live-work-play life­style that de­mands a range of ameni­ties, it’s no sur­prise that Sand­ton’s CBD is home to a range of res­i­den­tial apart­ments aimed at the ex­ec­u­tive and busi­ness trav­eller.

Some of the most up-mar­ket apart­ment de­vel­op­ments are at Nel­son Man­dela Square, such as the 4 623m², R108m apart­ment block The Raphael. The 64 lux­ury suites with fully equipped kitchens come in one-, two-and three-bed­room for­mats, with sizes rang­ing from 74m² to 101m² for one-bed­room apart­ments. Two-bed­room apart­ments range from 130m² to 160m² and pent­houses from 650m² to 700m².

“While th­ese apart­ments are ideally suited to young ex­ec­u­tives and ca­reer-driven cou­ples, in­vestors also see the op­por­tu­nity to re­ceive a great cap­i­tal ap­pre­ci­a­tion and a con­stant has­sle-free rental in­come through the Legacy-run rental pool,” says Jo­han Troskie, gen­eral man­ager at Michelan­gelo Tow­ers and The Raphael.

He says that the Legacy rental pool helps to en­sure the cap­i­tal ap­pre­ci­a­tion of an owner’s as­set.

When asked why an apart­ment at The Raphael was a good in­vest­ment op­tion, Troskie cited the lo­ca­tion, pri­vacy and unique life­style as some of the top rea­sons, along with the rental pool and the un­der­stated and pri­vate five-star en­vi­ron­ment. Con­tact: Legacy prop­erty sales Gijs Fo­den 076 860 060 Juliet Knight 083 656 5211 Of­fice 011 245 4469

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