TW Property’s new 58 unit “535 On Snowdon” sectional title development in Florida Hills, Johannesburg has seen an exceptionally fast take up by buyers. The development, which has been marketed by the Rawson Property Group’s Northcliff franchise, is currently 70% sold out. These very satisfactory sales have been achieved in only six weeks – and the Rawson Northcliff team now expect to be fully sold out by the end of next month.
535 On Snowdon consists of four freestanding blocks, all three storeys high, with 180 degree views across the attractive Highveld countryside interspersed with small koppies.
On offer are one bedroom units selling from R495,000, two bedroom, one bathroom units selling from R820,000 and two bedroom, two bathroom units selling from R895,000. The most expensive unit costs R1,025,000.
“However you measure it,” said Petronella van der Merwe, the Rawson Northcliff team’s residential manager, “these units represent quite exceptional value. Floor areas vary from 41,5 m2 to 72,85 m2 and the finishes and fittings are all of a very high quality : granite countertops, Bosch stoves and extractor fans in the kitchen, modern tiles and cupboards with a choice of two colour options, Hansgröhe bathroom fittings, ceiling fans and built-in braais on the patios. The complex will have wireless internet availability, a Mircom security system and prepaid electricity meters, in every unit.
Also attractive to buyers, said van der Merwe, is the fact that the area has good primary and secondary schools, medical facilities (notably Life Flora Clinic), excellent retail outlets (including a massive Hyperama), golf courses, gyms and quick and easy access to the Johannesburg ring road.
“Coming on top of a year in which the Rawson Property Group’s Northcliff franchise has increased its turnover on the same period last year by 25%, this franchise has shown, yet again, how well suited it is to the average buyer in Northcliff, Florida Hills and the surrounding areas,” said van der Merwe.
Not surprisingly, she said, a fairly high percentage of the buyers are investors who recognize that they will probably be able to achieve monthly rentals of anything from R5,500 to R9,000 on these units when they are handed over from April and May 2015.