World Cup focus
An ideal investment opportunity in a suburb where property is set to grow phenomenally
RECENT case studies around the globe indicate a significant increase in the value of property situated close to stations. In Amsterdam for example, the value of properties up to 3km away from the stations increased by up to 30% in value. Similarly, notable increases were found in the US, Holland, India, Canada and Chile to name a few.
Since construction of the Gautrain began, areas within a 2km or 3km radius around the stations have enjoyed a steady increase in pricing, significantly higher than normal suburban areas.
Rhodesfield Crossing, situated on the corner of Pretoria Road and Wellington Street in the sought after suburb of Rhodesfield, is conveniently located between OR Tambo International Airport and the Gautrain. This development offers affordable apartments in a high-demand area, which are ideally placed as buy-to-let invest- ments to rent out to tenants working at the airport, Sandton, Rosebank or even Pretoria.
Sioux Driver, a director of PACErez, says that Rhodesfield Crossing is the first of its kind in the suburb and, now that the Rhodesfield Gautrain Station is fully operational, she believes this suburb is starting to mushroom. “Already there is a prestigious new Premier Hotel development right next door to Rhodesfield Crossing and many new developments are expected to follow,” she says.
There are also an additional five phases of Rhodesfield Crossing which will be developed over the next few years.
In this, the first of six phases, buyers can choose between studios, one-or two-bedroom apartments as well as penthouses on the top floor. Designed with a contemporary architecture and sophisticated interiors, the apartments include stylish kitchens with granite kitchen tops and stainless steel appliances. Exclusive facilities within the development include Wi-Fi internet connection, a fully equipped gym, sky garden and high-tech security that incorporated fingerprint access control.
Sue Smit, also a director at PACERez, notes that the idea behind this development is for buyers to invest in 2010 and take transfer on completion of the project early to mid-2012. “Not only will you achieve two years capital growth before taking ownership of your investment, but the current rental projections of 1% of your purchase price per month will increase further over the next two years before occupation.”
To ensure convenience and an easy rental process, the developers, Redcon, will have an experienced in-house rental team which will be located at Rhodesfield Crossing to ensure that it is the smoothest investment buyers will ever make.
Driver and Smit say: “Due to the brilliant response to this development so far, this is clearly an investor’s product, with the endusers being individuals working at OR Tambo, Emperors Palace, and SAA to mention but a few. They see the value in renting prime property located next to the airport and Gautrain, meaning the rental pool is vast as there is currently very little upmarket accommodation available to people working in this node.”