ROSEBANK PROPERTY & INVESTMENT
WHY INVEST IN ROSEBANK?
Rosebank has a lot to offer and this is showing in the capital growth of the area as whole. It is the new chosen hub for large corporates, like Pepsi co, Anglo American, Standard Bank head offices to name a few. New and redeveloped residential buildings, retail and area upgrades, all contribute to the reason why you should consider investing in Rosebank.
Residential Development in Rosebank
Renprop launched The Vantage Apartments in 2014, which sold out at launch. The Tyrwhitt, completed in March 2020, was Renprop's second high-rise development in Rosebank's CBD and construction of The Median Luxury Apartments, Renprop's 3rd high-rise apartment development opposite The Zone @ Rosebank, is now underway.
The increasing demand for residential property in the area can be attested to the upliftment of the area in general, major listed companies moving their head offices to Rosebank and redevelopment of the Rosebank Mall and many other surrounding retail establishments.
Renprop has stayed ahead of the trend by ensuring residential property needs were met, presenting both home owners and investors, great opportunities to reap the benefits.
Residential Property Investment
The recent interest rate cut announced in May 2020, has brought South Africa’s cost of lending to the lowest level on record. South Africa’s prime lending rate is now sitting at 7,25%.
Chris Renecle, MD of Renprop, says that in many instances this has led to the monthly rentals of residential property becoming more expensive than monthly bond repayments would be on the same property. “The last time a South African property market investor could recover their bond repayment on a 100% bond with the rental income was in the 1990s.”
Renecle says that as most economists envisage that the interest rate will remain low over the next 18 months or so, it makes sense for those who have been sitting on the fence about property purchase or investment to take the leap.
Commercial Property in Rosebank
THE NUMBERS SPEAK FOR THEMSELVES...
14 000 people
now working in Rosebank
now working in Rosebank
NEW & REDEVELOPED BUILDINGS
The Bank (old FNB) - Cnr Tyrwhitt
HyProp | Rosebank Mall
Oxford & Glenhove
The Fire Station | 16 Baker Street
Rosebank Towers | 19 Biermann Avenue
The Link | 173 Oxford Road
173 Oxford Road
1 Sturdee (Re-development)
Rosebank Galleria (Under construction)
LARGE & LISTED COMPANIES NOW IN ROSEBANK
NEWEST ARRIVAL - Anglo American
New BP Head Office
Standard Bank Head Office
Sappi New Head Office
Women’s Development Bank
Life Hospital Head Office
Arup Head Office & Sony