World Cup fo­cus

An ideal in­vest­ment op­por­tu­nity in a sub­urb where prop­erty is set to grow phe­nom­e­nally

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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.”

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