Sandton is a very desirable location for property investment. It’s seen as Johannesburg’s core financial district, home to major corporate headquarters within a dazzling skyline. A vibrant centre for high-end city retail and glittering entertainment, it attracts ambitious professionals and entrepreneurs seeking to live in close proximity to business hubs and speedy transport routes. For IGrow investors looking for secure passive rental income and capital growth, property investment in Sandton is an incredible opportunity.
A development worth noting in this booming property market is The Reid Sandton. It is a convenient security estate found in Linbro Park on the outskirts of Sandton. It offers the ideal amenities, strong tenant demand, and top investor perks through IGrow. The Reid is ideal for beginner and seasoned investors alike.
Why does Sandton attract investors?
There are several reasons to invest in property in Sandton. The area is home to many companies’ headquarters, top-class shopping centres, good schools, and accessible transport routes. Sandton is seen as South Africa’s economic powerhouse, with working professionals seeking premium accommodation near their workplaces.
“Secure, low-maintenance sectional title apartments and townhouses are in high demand due to their convenience and security appeal.” (Source)
Gauteng offers greater affordability than the Western Cape, and is an economic hub. This drives tenant demand in prime suburbs like Sandton (Source)
The demand for sectional title properties is high, especially among young professionals seeking secure, low-maintenance units near their workplaces, as well as with families wanting strong employment opportunities as well as a great South African lifestyle for their children. This supports investors seeking secure rental income.
Uncovering The Reid Lifestyle Estate
The Reid Sandton is a prime lifestyle estate that suits modern city living. Its location in Linbro Park offers convenient access to Sandton CBD, key highways, and business districts.
This exciting new development has one-, two-, and three-bedroom apartments from R959,900. The modern aesthetics, active communal lifestyle facilities, energy-efficient green features, and fibre-readiness seal the deal.
Residents can enjoy a six-star green lifestyle centre that includes:
- Vitality-approved training science gym and trainer
- Padel court, squash facilities, soccer field, and fitness track
- Swimming pool and kiddies’ pool
- Cinema, games room, CSpa and children’s play area
- Amici Restaurant and Pizzeria
- Braai area and off-leash dog park
These incredible lifestyle amenities add appeal for tenants and encourage strong occupancy levels, making this a good investment.
Strong rental demand securing rental income
A key reason why investors choose The Reid Sandton is that it attracts quality tenants. Working professionals and remote workers are looking for safe lifestyle estates that are convenient, have a community feel, and offer easy access to amenities right outside their front doors.
IGrow has secured the last – and the best positioned- units in this development, and our rental demand has been so high for the 3Bed units in particular, that we are now confidently offering a complete year of Free Tenant Insurance (that covers you in the event of non-paying tenants and evictions) as well as 12 months’ RENTAL GUARANTEE for the last 10 units sold. Imagine R16,500 rental income completely guaranteed for your first year of investment! You need to move quickly though – these units are the last ones available in this top-notch development and are being snapped up quickly.
The rental market in Sandton, in general, is showing healthy growth, low vacancy levels, and excellent tenant demand. IGrow Rentals-managed developments country-wide have achieved far lower vacancy rates than both national and provincial averages, and currently average 0.4% vacancies across over 7,000 developments.
IGrow investors buying a Sandton investment property at The Reid will find that their tenants prioritise the location and lifestyle on offer.
Investor perks at The Reid
There are major IGrow discounts at The Reid:
- Rental Management Discount for up to 4 years, worth up to R101,848
- Rental Assist up to R64,200
- Bond and Transfer fees included (saving you up to R101,142)
The Reid units are also new and eligible for Section 13sex deductions on taxable income, if you have a qualifying portfolio. This is a significant saving, and worth investigating with your investment strategist at IGrow.
And now FREE tenant insurance for 1 year and Rental Guarantee for 1 year.
IGrow Home Loans can arrange up to 100% bond financing. Our team of expert bond originators are ready to help you on your property journey.
A key perk is that all units are Section 13 Sex Tax Act friendly. This means qualifying investors can capitalise on valuable tax deductions that will improve ROI. This reduces taxable income and betters your property portfolio’s outlook in the long run. View our handy blog post that explores the Section 13 Tax Act in more depth.
The Reid is also EDGE-certified, meaning it meets international standards for energy efficiency. This means lower utility bills and further appeal for tenants. The 6-star green lifestyle centre and eco-friendly laundromat and car wash contribute to the EDGE-certification.
Investors and home buyers can unlock green bond advantages that can save 0.25% on your bond interest rate from major banks. This is a tremendous, compounding saving over the lifetime of a bond and holds up no matter what the latest SARB interest rate announcement says.
Conclusion
For IGrow investors looking for a Sandton investment property for sale, The Reid offers a winning blend of a prime location, great lifestyle, and investment performance. The investor discounts and perks are unbeatable!
Property investment in Sandton offers long-term growth potential. The Reid Sandton gives investors tools to optimise rental income and capitalise on tax savings. They are also positioned to benefit from strong rental demand.
Contact an IGrow property investment strategist today and let’s secure your unit at The Reid.
FAQs
Yes. The Reid is Edge Certified and qualifies for a 0.25% discount on interest rates at major banks that offer green bonds.
Yes. We have a waiting list of quality, fully vetted tenants seeking homes at The Reid.
Up to 11.02% – you can view the unit-by-unit financial analysis here – just navigate to the ‘documents’ tab and open the Financial Analysis spreadsheet.
Tenants are all thoroughly vetted, and you can take optional tenant insurance to cover your rental income and legal costs if a tenant defaults on their rent or needs to be evicted. We do not usually offer insurance for vacancies, as vacancy rates are very low, but with The Reid we are offering a limited special on the popular 3 Bed units, guaranteeing rent for 12 months.
Yes, if you have a qualifying portfolio of 5 or more new residential letting units. IGrow offers bulk deals geared towards Section 13 sex-taxable income deductions, including free trust and company setup and free accounting for 1 year to further enhance tax benefits for property investors.
Absolutely! You still get the green bond advantage, and don’t have to pay bond or transfer fees if you buy from IGrow. IGrow offers a R20,000 voucher to help homeowners settle in.
Yes. The two- and three-bed units come with Defy fridges, washing machines, and dishwashers.
