Newly-launched Bryanston Place a prime investment opportunity

Newly-launched Bryanston Place a prime investment opportunity

Artist’s impression of Bryanston Place in Bryanston, Johannesburg.

The newly launched Bryanston Place, developed by HB Realty in partnership with Feenstra Group, offers investors a prime opportunity to enter the corporate buy-to-let or Airbnb markets.

This is according to Anton Hartmann, co-owner of HB Realty.

Bryanston Place will consist of 20 free-standing three-bedroom homes priced from R3.075 million, but only eight are still available for sale.

“The development is conveniently situated minutes away from the business and entertainment hubs of Sandton and Fourways, and offers secure, sophisticated living for businesspeople, families or holidaymakers – a rare combination in the hotly contested rental and Airbnb markets,” says Hartmann.

“The property market is in an interesting space at the moment. Buyers and investors are spoilt for choice, especially when it comes to apartment-style living. Bryanston Place offers space, security and luxury, along with contemporary features and appliances, at an attractive price point for investors. Homes like these can easily fetch up to R27 000 a month in rent, which is quite reasonable for people looking to move into this sought-after area.”

The homes all have private, family and pet-friendly walled gardens, double garages, optional staff quarters and fibre-to-the-home. Security features include 24-hour offsite CCTV monitoring, panic buttons linked to armed response, intelligent access control systems and up to 4m perimeter walls with electric fencing.

Hartmann says the kitchens of the next three homes sold will be equipped with Smeg appliances, including the standard oven, as well as a fridge, a washing machine, a microwave, a kettle and a toaster.

Pieter Feenstra, chairman of Feenstra Group, says Bryanston has been identified as one of the best suburbs for property investment in Johannesburg, with average freehold homes selling for around R4.5m in 2016.

“Property prices in this affluent area will continue to climb thanks to the strong demand from people wanting to move close to Sandton, as commercial and employment opportunities continue to expand,” says Feenstra.

“There has been massive residential, commercial and retail development in Bryanston over the years as demand and interest in the area continues to grow. Bryanston Place is centrally located with easy access to highways, main business districts, schools, shopping centres and hospitals, making it an attractive purchase for businesspeople, singles and families,” says Hartmann.

The price includes transfer costs and covers interest during construction, so investors only start paying for their homes on occupation, which is expected to be in the third quarter of 2018.