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Welcome To One on Whiteley
Choose from one, two or three bedrooms or premier penthouse apartments with all the mod-cons and amenities that only Melrose Arch has to offer.
Recognizing the demand for more luxury living within the stylish and centrally-located Melrose Arch precinct in Sandton, One on Whiteley comprising of 241 luxury upmarket apartments has been released. Strategically located in the heart of Johannesburg’s northern suburbs, adjacent to the M1 freeway and other major arterial routes.
Residential property at Melrose Arch has proven to be an excellent investment over the years, both in terms of capital growth and rental yields.
Why Invest in One on Whiteley | Melrose Arch
& History 01.
In 2005 properties sold at R18,000 p/m2 and are now selling at around R45,000 p/m2. Factoring in the construction period and natural escalations, one stands to gain significant capital growth up to completion in July 2019.
& Development 02.
Melrose Arch, South Africa’s most iconic new urban development, comprises 200 000m2 of mixed-use development with 350 000 m2 planned future phases, generating an ultimate value in excess of R16,5 billion.
& Financing 03.
Rental performance from private and corporate tenants offers incredible yields, generally well in excess of 10% per annum gross yields. Investors can also expect substantial capital growth over the next three years based on past performance.
In 2005 properties sold at R18,000 p/m2 and are now selling at around R45,000 p/m2. Factoring in the construction period and natural escalations, one stands to gain significant capital growth up to completion in July 2019. Investors can also expect an estimated 50% capital growth over the next three years.
Current rentals achieved at Melrose Arch, with entry rates being around R25 000 per month for a one bed unit and R35 000 per month for a two bed unit, offers incredible gross yields generally well in excess of 10% per annum. With the expansion of Melrose Arch over over the next 5 to 10 years in terms of commercial and retail space, an increased demand in corporate letting is expected, which should drive rental yields even higher.
Most of the rental demand at Melrose Arch is from multinational and blue chip corporations, for long term accommodation for their local and foreign executives, with about 8 500 people that work in the immediate area. Short term rentals (less than 6 months) are not permitted.
Core reasons why you should invest in One on Whiteley
Highly Reputable Developer
Amdec Group was founded in 1989 and is recognized as South Africa’s leading developer of new urban lifestyle developments. Amdec’s brand includes Westbrook in PE, Val De Vie Polo and Wine Estate in Franschhoek and the Yacht Club in Cape Town and an array of mixed use developments.
Excellent Capital Growth
Benefit from capital appreciation by purchasing at today's price into a luxury new development, that is only due for completion in July 2019.OPTION 1: 10% (20% for foreign nationals) cash deposit payable within 5 days of signature, the balance to be secured within 30 days by way of mortgage bond, cash or bank guarantee; or OPTION 2: 25% non-refundable cash deposit payable within 5 days of signature, the balance to be secured 90 days before transfer of the unit into the name of the purchaser, by way of cash or bank guarantee.
High Rental Yields
Rental performance from private and corporate tenants offers incredible yields, generally well in excess of 10% per annum gross yields.
Location, Location, Location
Strategically located in the heart of Johannesburg’s northern suburbs, adjacent to the M1 freeway and other major arterial routes; within close proximity to OR Tambo International Airport, Sandton, the Gautrain and Johannesburg CBD makes Melrose Arch a central point in Johannesburg.
Melrose Arch enjoys a national and international reputation for its exceptional expression of modern spaces and buildings. Melrose Arch’s standing reputation of exclusivity and luxury will be further enhanced via the introduction of 4 new International upmarket hotels and additional premium office buildings, tenanted by international blue chip companies.
Innovative Lifestyle Concept
Secure, pristine and pedestrian friendly, the Square, Piazza and curved streets evoke a sophisticated European quality with over 20 exclusive restaurants, high end café’s, premier offices, world-class hotels and luxury apartments, as well as European-inspired high street retail with a host of international fashion offerings.
Each apartment boosts exquisite, superior and stylish finishes with integrated fridge, freezer, dishwasher, oven and hob, as well as frameless glass showers, timber vinyl flooring and full height veneer cupboards.
Green Building Efficiency
One on Whiteley was designed with energy efficiency in mind and features such as double glazed windows and LED lighting. For additional peace of mind, full backup power generation is provided for unavoidable electricity break instances.
State of the Art Security
The development offers residents excellent security with undercover parking, access control, CCTV and an intercom linked to the lobby, digital handsets in each apartment.
The lastest fibre optic technology Fibre to the Home (FTTH) provides high speed internet to each unit. Each apartment is cabled and connected to the building satellite dish with no decoder required. TV points are installed in the living room and main bedroom.
Enquire about this Melrose Arch Property Investment Opportunity!
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