The View: Prime investment and lifestyle opportunity in Morningside
Renecle noted that this demand is predominantly seen in the middle market for properties priced between R1m and R3m; a portion of the market that Renprop expects to continue on a similar growth trend as it has in recent years.
This level of demand has prompted Renprop to launch The View, a 106-apartment block in Michelle Street, Morningside. Created with investment buyers and young executives in mind, The View is well placed close to the cosmopolitan business and social hub of Sandton.
There is a mix of one-bedroom, two-bedroom and penthouse apartments at The View, which are competitively priced from R1,2m. Designed with the young executive in mind, communal facilities include a concierge service and the building will be fibre-ready. Additional features include basement parking and a clubhouse with a communal swimming pool. Each apartment will have access to basement parking and storage facilities, and ample parking will be available for visitors.
“Currently the market is showing that the demand for well-located investment properties is strong,” Renecle pointed out. “With a continual high level of demand for rental properties in the greater Sandton precinct, The View presents a sound investment option with good rental return and capital growth prospects.”
Top photo: 3D rendering of the front view of The View