Florida Hills development from R495k

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TW Property’s new 58 unit ‘535 On Snowdon’ sectional title development in Florida Hills,Johannesburg, has seen an exceptionally fast take-up by buyers.

An artist’s impression of  ‘535 On Snowdon’ in Florida Hills.

The development, marketed by the RawsonProperty Group’s Northcliff franchise, is currently 70 percent sold out. These sales have been achieved in only six weeks and the Rawson Northcliff team now expect to be fully sold out by the end of next month.

535 On Snowdon consists of four freestanding blocks, all three storeys high, with 180 degree views across the attractive Highveld countryside interspersed with small koppies.

On offer are one bedroom units selling from R495 000, two bedroom, one bathroom units selling from R820 000 and two bedroom, two bathroom units selling from R895 000. The most expensive unit costs R1.025 million.

This is according to Petronella van der Merwe, the Rawson Northcliff team’s residential manager, who says however you measure it, these units represent quite exceptional value. Floor areas vary from 41.5 square metres to 72.85 square metres and the finishes and fittings are all of a high quality: granite countertops, Bosch stoves and extractor fans in the kitchen, modern tiles and cupboards with a choice of two colour options, Hansgröhe bathroom fittings, ceiling fans and built-in braais on the patios. The complex will have wireless internet availability, a Mircom security system and prepaid electricity meters, in every unit.

Van der Merwe says also attractive to buyers, is the fact that the area has good primary and secondary schools, medical facilities (notably Life Flora Clinic), excellent retail outlets (including a massive Hyperama), golf courses, gyms and quick and easy access to the Johannesburg ring road.

Not surprisingly, she says, a fairly high percentage of the buyers are investors who recognise that they will probably be able to achieve monthly rentals of anything from R5 500 to R9 000 on these units when they are handed over from April and May 2015.

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