- Chris Renecle, managing director at Renprop unpacks investment opportunities in the thriving area of Rosebank, north of central Johannesburg
Rosebank encompasses the excitement of fast paced city life and the calm beauty of leafy suburbia, placing it in high demand for both business and residential players. All major property developers have ensured a foothold in what is fast becoming Johannesburg’s next - and most sought-after urban living node.
Rosebank is one of the city’s oldest, most established suburbs, hitting an all-time peak in development investment of both commercial and residential properties. It’s a vibrant blend of business hub and urban living at its finest, fast aligning with new urban global living trends worldwide.
Big corporate names have made Rosebank home such as Rand Merchant Holdings, Coca-Cola, Sappi, Life Hospital, Total and BPs head office, and the new Radisson Red. Another major player is Anglo. Anglo American, Anglo Coal and Anglo Gold Ashanti are already in the node, with more of the Anglo subsidiaries following soon.
When looking at the area in numbers - in the past three years a remarkable two hundred thousand square meters has been developed, completed, and occupied. A further 7 000m2 is under construction, which on completion, will house 14,000 people. These numbers exclude properties completed more than 36months ago, for example the iconic Standard Bank building, which is approximately 75,000m2. This demonstrates the incredible growth of the area thus making it a sought-after address, for both businesses, individuals, and families.
Rosebank is emerging as the location of choice, from a property perspective you couldn’t ask for a better investment, combining the best of both commercial and residential variants. There is so much more to Rosebank than one expects, most appealing is the fact that it offers everything you need in close proximity, including the convenience of major retailers, office space, top hotels, restaurants, coffee shops, art galleries, and gyms. As well as being a complete package for art enthusiasts, business travellers and foodies. Add the Gautrain, bus routes, taxi ranks, easy access to the highway and other main arterioles, as well as top private and government schools, churches, a hospital, and comprehensive offering of medical suites, makes it the most user-friendly location in Jozi, easily competing with Sandton as a key living and business hub. Due to its compact size, visitors, residents, and workers are able to walk the area, enjoying the outdoors atmosphere, en route to their destination.
At the forefront of the property explosion, Renprop is extremely proud of two of their hottest property offerings in Rosebank - The Tyrwhitt and The Median. Both of which are fantastically priced luxury apartments ranging in size from approximately 53m2 to 135m2 and are expertly designed to make maximum use of the floor space. The Penthouses offer up to 260m2 of elegant luxury, with superb views over Johannesburg. Both sites were designed for market demand and are perfect investment opportunities allowing investors to earn solid predetermined returns on their investment.
Set on maximising attractive opportunities for investment buyers, Renprop offers rental guarantees. Through guaranteed rental returns the buyer can earn solid predetermined returns on their investments. This applies to developments that are still to be built, under construction and completed, allowing investors to reap the benefits of rental income from transfer, for up to 12-months.
In the words of Financial Adviser Suze Orman, “Owning a home is a keystone of wealth…both financial affluence and emotional security”. We believe in property as an investment. Our company is built around that belief. And we live it every day. It is important to keep a forward-thinking approach as capital growth is not enough, so add ons such as no transfer and bond costs, offering a predetermined return on investment, and guaranteed rental returns will keep us competitive.