Q: John Veldsman from Johannesburg asks,
Dear REImag Team
“I am looking to invest in a multiple occupied sectional title property all with en-suite bathrooms in the greater Sandton and Bryanston areas located close to Sandton CBD to rent out. What kind of price would I need invest for a 4 bedroom all with en-suite bathrooms in a sectional title property and what kind of rent is possible if a. if the house was rented out in full and secondly, if each room was rented out separately?
A: Akbar Hassim of FutureDev Property Developers answers,
Greater Sandton is known as “Africa’s Richest Square Mile” and is a good area choice for great rental and capital gain returns. As South Africa’s financial and business capital continues to grow with developments that embody its vibrant, energetic ‘live, work, play’ environment. We are specialist real estate developers, focused on developing full-title, free standing cluster homes in Sandton, Johannesburg – more specifically in the sought after and affluent residential suburbs of Morningside and Bryanston. Our developments are located just a few kilometres away from the hustle and bustle of Sandton Central’s Business District (CBD) and within close proximity to all major malls & shopping centres, schools, hospitals, gyms and places of worship.
Our real estate offering is for both the owner occupier and investor buyer. For investors, our pricing is extremely competitive for the quality of finishes we offer. For 4–bedroom units from R3,6 million it’s an opportunity to invest in excellent capital growth properties and steady income yields of over 9%, rental yields in full and over 15% with multiple rents.