TYRWHITT - APARTMENTS FOR SALE
- Centrally located
- Potential for capital growth
- Attractive rental yield
- Completion late 2018
The Tyrwhitt is located on the corner of Bath and Tyrwhitt Avenue in the centre of Rosebank. The property is 50 metres from Rosebank Mall and within walking distance of the Gautrain station and a multitude of restaurants, shops and other facilities which are located in the heart of Rosebank.
A unique opportunity to invest in the heart of Rosebank
Grapnel Property Group, together with its partners Nedbank and Renprop is developing The Tyrwhitt. The project comprises 219 apartments to be constructed over 13 floors. It is currently under construction and due for completion in late 2018. The apartments range in size from 54sq/m to 135sq/m providing 1, 2 and 3 bedroomed units. The top two floors comprise penthouses of up to 260sq/m.
- Rosebank is one of the fastest developing nodes in South Africa with over R8 billion having been invested into property development in the area since 2011
- The purchase prices are currently fixed at 2016 levels
- New apartments in Rosebank appreciated in value by up to 20% between 2014 and 2016
- The Gautrain station has been a major catalyst for investment in the node
- There is significant demand from office and residential occupiers in Rosebank and institutional investment and commercial development is continuing apace
- Apartments can be secured with as little as a 10% deposit together with a bank guarantee for the balance of the purchase price
- First year rental yields of between 8% and 10% (gross) have been achieved in the recently completed apartments in Rosebank
- 165 apartments in Rosebank developed by Grapnel
- Sold off plan in 2 weeks
- Completed in mid-2016
- 20% capital growth earned by purchasers during the construction phase
- 8% – 10% gross rental yields
The Tyrwhitt is currently being sold at an average price of R35 000.00 sq/metre. This is significantly less than similar developments in Rosebank, Sandton, Melrose Arch and Houghton, all of which are selling at prices between R40 000.00 sq/metre and R45 000.00 sq/metre.
- In order to secure an apartment, simply sign our standard sale agreement and pay a commitment deposit of R75 000.00
- Payment Options
- Within 30 days of signature, pay a deposit of 10% or more and secure the balance of the purchase price with guarantees or a bond approval or
- Pay a 30% cash deposit, (or provide a non-refundable bank guarantee equal to 30% of the purchase price) with the balance payable on completion in late 2018
3 ON GLENHOVE - OFFICES TO LET
A Grade offices in the heart of Rosebank
3 On Glenhove is a prime low rise A Grade office building located on the corner of Glenhove Road and Tottenham Avenue.
The property is situated 300m from the entrance to the Rosebank Gautrain Station and Rosebank Mall.
MORNINGSIDE SHOPPING CENTRE
The award winning Morningside Shopping Centre is a niche, bespoke community centre with a strong convenience element. The tenant mix, consisting of some 62 shops is anchored by Woolworths, Pick n Pay and @Home. Shoppers at the centre can enjoy an exciting mix of high-end fashion, a wide variety of fine dining, an extensive range of exclusive shops and services which offer designer gifting and jewellery, health and beauty, a pharmacy, tailoring / dry-cleaning, photography, and medical suites.