Areas and Places

Apartments in iconic high-rise residential property development are snapped up

The exclusive apartments and penthouses on offer at Park Central in Rosebank, which will offer residents private sky gardens, unrestricted views of the city, the highest quality fittings and a range of other entirely novel features, are proving immensely popular among investors, according to Pam Golding Properties.

“Park Central is an iconic new multi-million rand, upmarket high-rise residential apartment block being developed on the corner of Baker Street and Keyes Avenue in Rosebank that has been designed with the environment, security and absolute convenience in mind,” says Victoria Russell, Pam Golding Properties project coordinator.

According to Russell, the units are on the market through Pam Golding Properties and are purchased off- plan without transfer duty. “Representing a low initial outlay and excellent returns, Park Central will attract top end corporate tenants and, there is little doubt, provide a high rental yield,” she adds.

“These luxury units are not only an excellent means for new investors to get onto the property investment market, but are also attracting the interest of more established investors who see the once-in- a-lifetime opportunity the units are providing within the rapidly growing Rosebank precinct.”

Says Russell: “Park Central offers a chic, urban-green lifestyle in the heart of one of the most dynamic and rapidly expanding growth nodes in Johannesburg and is setting a new yardstick for upmarket accommodation within the greater Johannesburg region.”

The building forms part of an integrated urban precinct, with a vision to include pedestrian links via the parks to the Gautrain Station and through to the Rosebank Mall to assist residents in achieving a highly convenient and fully integrated lifestyle. A great deal of attention has been paid to environmental factors surrounding the design of Park Central, as well as in the design of the individual units.

“Discerning investors and tenants will not only appreciate the magnificent sky gardens, landscaped park and roof top swimming pool, but will also enjoy easy access to a host of facilities. Among these are a braai and entertainment areas, secure pedestrian precincts, a luxury lounge, basement parking, fibre optic backbone and an elegant entrance foyer along with a gym.”

Luxury one- and two-bedroom apartments and three-bedroom penthouse units are on offer. Units are priced from R1,895,000 to R5,457,000, including VAT, while the penthouses, with their outstanding views, are available from between R8 million to R10,5 million. The demand for the one-bed apartments has been particularly strong and the developers have incorporated provision for more of these units into the design. A show unit has been completed and is on show daily.

“The apartments have already generated enormous interest from a variety of different types of investors, including executives, business commuters, single professionals and couples who are seeking a primary home close to the vibrant business districts of Rosebank and Sandton. A number of investors have also already secured properties for the rental market,” concludes Russell.