| Travel | Distance |
|---|---|
| Sandton Train Station | 8,4 km |
| Ferndale On Republic | 3,1 km |
| Johannesburg CBD | 17 km |
| Medical | Distance |
|---|---|
| Ferndale Medical Centre | 2,7 km |
| Mediclinic Sandton | 3 km |
| Sandton Therapy Suites | 6 km |
Prime investment in Ferndale, Randburg
1 & 2 Bedroom Apartments in a great location
We’re excited to announce the launch of a brand-new development in Johannesburg: 304 on Main.
The leafy suburb of Ferndale, in the particularly pretty northern area of Johannesburg, lies close to some of the main business and entertainment areas just outside the Randburg CBD, close to the Cresta Centre, Brightwater Commons, the Monte Casino and The Dome. Thanks to its tree-lined streets and family-friendly atmosphere, Ferndale has an unassuming charm that gives it its own appeal.
Ferndale is packed with shops, restaurants and business parks, making this perfect for residents, young and old alike. Should the Gautrain be extended to Randburg, it would possibly mean that investment in Ferndale sectional title would create opportunities in a few years. Getting in early would ensure substantial capital appreciation over the next few years.
“Average property prices increased from R1.09 million in 2009 for a home to R2.05 million in 2019”.
Predictions: We predict the home prices to rise like they have done in the past decade. With the opening of Fourways Super Mall this trend will continue and even surpass the current annual increases. The timeline is uncertain, however, and as with all investments it’s always easier to recognise and identify a good investment when it’s already too late.
INVEST IN 304 on Main | Randburg
Selling From
- All bond and transfer fees included*
- 100% bond financing available
- Rental Assist to investors
- Occupation from end-2020
ADDED BONUS: Receive a personalised IGrow Wealth Plan FREE when purchasing an apartment at 304 on Main (valued at R9 995)** Reserve your unit today!
Contact us for more information
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Best Location
Leafy suburb, perfect for families
Rental Income
Projected from R5 500 p/m for 1 bedroom apartments
Gross ROI
Gross ROI up to 10.05%, excl Rental Assist
Trendy Location with sustainable growth
Randburg is very central and has a good mix of residential homes, shops and commercial property.
Randburg is well known for being a shopping hub, with a large number of shopping centres scattered throughout the suburbs. These centres include the Northgate mall, Cresta, Ferndale on Republic and Randburg Square. Diggers and Randburg Sports Club offer professional facilities for all major sporting activities for young and old.
Many companies have their headquarters situated in the bustling Randburg business district, such as MultiChoice – MNET and Supersport. There are numerous modern office blocks, office parks and conference centres to cater for the young business executive.
A new Lifestyle Shopping Center has recently been completed, Ferndale on Republic will boast with strong national brands and stores in response to an obvious gap in this densely populated market of 36 000 households surrounding the shopping centre.
Area Overview
Location
List of nearest Facilities and Activities
| Education | Distance |
|---|---|
| Linguamites Multilingual education | 700 m |
| Boston City Campus & Business College | 1,6 km |
| Crest School | 2,9 km |
| Vega School JHB | 3,6 km |
| Recreation | Distance |
|---|---|
| Bryanston Safaris | 4 km |
| Golden Harvest Park | 6,5 km |
| Delta Park | 8,1 km |
| City Sightseeing Johannesburg | 9,4 km |
Location Stats
Why invest in 304 on Main
The 2019 Lightstone Report (SA’s major reporting statistics platform) shows why Randburg is such a fantastic investment area:
2009
R
600000
Average apartment value
2019
R
830000
Average apartment value
Growth
40
%
or R230 000
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Development Benefits
Why invest in 304 On Main
Investment Benefits
- Gross ROI up to 10.05%, excluding Rental Assist
- Prices below market value
- Transfer and bond fees included*
- Rental income projected from R5 500 to R7 000 (excl Rental Assist) per month
- Benefit from a 55% deduction through Section 13sex tax rebates
- Up to 100% bond financing available
- Tenant vetting and placement assistance through IGrow Rentals
- Occupation from end-2020
- High rental demand area
- The roof top terrace with roof garden on 4th floor
- Secure complex – access controlled
- Ample secure parking
Comprehensive End-to-End Rental Management
- IGrow Rentals - our in-house rental managers
- Tenant vetting & placement
- Rental collection
- Ingoing & outgoing inspections
- Maintenance service available
Investment Overview
- 100% bond financing available at all the major banks through IGrow Homeloans
- Only pay first bond instalment on registration after occupation is tendered
- R30 000 reservation deposit required to secure (refundable should finance not be approved)
R
5500
+ p/m
Projected monthly rental income
R
695900
Apartments selling from
1 bedroom, 1 bathroom
R
695 900
selling from
-
Unit area - 45m²
Including balcony of 4m² -
Rentals from R5 500 p/m
-
1 parking bay
-
Rental Assist available
1 bedroom, 1 bathroom
R
699 900
selling from
-
Unit area - 66m²
Including balcony of 27m² -
Rentals from R5 600 p/m
-
1 parking bay
-
Rental Assist available
2 bedroom, 1 bathroom
R
835 900
selling from
-
Unit area - 58m²
Including balcony of 4m² -
Rentals from R7 000 p/m
-
1 parking bay
-
Rental Assist available
Development Pictures
Gallery
Use the interactive map below to see which units are available, reserved or sold.
Development Information
Documents
Information and Plans about the Estate
304 on Main Disclaimer
IGrow makes no warranties, whether expressed or implied, in regard to the websites, contents, accuracy, financial projections and/or assumptions nor availability.
The User assumes all responsibility and risk for the use of the information and other material provided. IGrow shall not be liable for any loss, injury, damage, cost, penalty or claim resulting from the use of the materials or projections/assumptions, whether direct or indirect. The User indemnifies IGrow and holds it harmless against any and all liability, loss, damage, penalty, cost or claim of whatsoever nature suffered by any third party in relation to any act or omission by the User in relation to the information and the use thereof by the User. *Bond and attorney fees paid by Seller only where appointed attorney attends to registration and transfer. Fees excluding any bank initiation fee, correspondent attorney fees and courier fees if applicable. The IGrow Wealth Plan and Software offering is not transferable, and no substitution or cash redemption of vouchers is permitted unless agreed upon between IGrow and Purchaser.
Have a Question?
Contact us
If you are considering an investment or a lock-up-and-go lifestyle opportunity, this development is ideal with the perfect location. Contact us today to assist you in acquiring one of these investment units.
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