INVEST WHERE THOSE IN THE KNOW INVEST: SAXON SQUARE

New Rosebank development Saxon Square has reached all pre-sales targets and will break ground in May 2022.   Investors can now look forward to efficient construction and completion of the development which has only one Phase of 138 luxury studio, one and two bedroom apartments in this sought-after suburb at very accessible price points. A comprehensive rental management solution has further enhanced the appeal of Saxon Square as a hassle-free invest-to-let property.

Saxon Square is delivered by Tri-Star Construction, while construction solutions company Profica is both project manager and development manager. Profica CEO Tim White says the development has been popular with investors as a rental property. “Many of our buyers are property investors, particularly those in financial and property circles, who have recognised a good opportunity. We expect this to include more first-time and buy-to-live buyers as soon as we start construction and people see the development coming to life.”

Charles Savage, CEO of Purple Group and Easy Equities, is an early investor in Saxon Square. “Rosebank is full of property investment opportunities and I’ve looked at many in the area. The striking visual appeal of Saxon Square caught my eye first. The attention to detail and everything the development offers in terms of lifestyle amenities, from the concierge services downstairs all the way through to the rooftop pool and yoga lawn, combines to offer something that really stands out.”

saxon-square-co-working-cafe

Savage expects to see both a solid lifestyle and economic return from his investment. “When I look at a property investment, I have two kinds of return profiles. Is it something that I could see myself living in and giving me a lifestyle return? And for me, that’s as important as the economic return. I love the setup and I can see myself living in it one day. But for now, from an investor perspective, I believe it will it will deliver a stronger rental yield than other properties in the area. My outlook is around 10 years, and I’d expect to make a minimum return of 10% compounded growth per year from a development like this.”

 

As urbanisation continues, Savage believes that the popularity of this kind of property development will continue to grow. “I think that smaller, central apartments are the future as the country starts to urbanise and people want to live and work closer together. In cities around the world, this has been happening for decades. Now South Africa is really catching up.”

“Another clear advantage for investors, and prospective tenants, is that Saxon Square does not have several phases of apartments to be sold and then constructed,” says White.  “We’ve sold the building in record time, even needing to redesign to make more of the popular one-bedroom units available as they sold out so fast. Buyers will be able to settle in or start letting out quickly, without being on a partial construction site while other phases are completed. So for investors like Charles Savage, a great return is just around the corner.”

 

Sales Contact:

Aysha Alexander
073 195 5580
Aysha@saxonsquare.co.za