Priced From R5,500,000
Number of Unitss 12
Size From 280m² to 680m²
New Development Profile
Hyde Park in Johannesburg is home to some of the country's wealthiest multi-millionaires and a few of the highest corporate rental leases in Gauteng and now the second phase of the desirable estate Hyde Park Terrace will soon be launching offering master designed homes off plan.
Hyde Park Terrace, 56 First Street Hyde Park, Sandton, is one street away from Hyde Park shopping mall, and close to all of Hyde Parks best amenities. Sandton CBD is a few blocks away and access to the main highways is nearby.
The first 19 units in Phase 1 are complete and have already been occupied with the home owners association up and running.
Lavish triple story units adorning Phase 2 of the development each boast amongst others three or four en-suite bedrooms, designer kitchens and covered terraces. The 12 recently completed homes, ranging from 450 sqm under roof to 565sqm, have every luxury feature a large family could desire.
Phase 3 consists of 27 units, individually designed by master architect, Gavin Warburton, which are all off-plan options where clients can select a building package which can be complete in 12 months.
Stands vary from 415 to 560 square metres. Building packages are from 250 square metres to 600 square metres. This phase is expected to complete the development by March 2017.
Hyde Park Terrace is not only a fantastic investment for residential purposes, but would also be a sound investment for buy-to-let buyers as the residential rental market in Sandton is on the up and the year-on-year growth for the Seeff Sandton rental office has increased to 15%. This is mainly due to the area's extensive commercial development in the past couple of years that has led to an unprecedented demand for rental accommodation. * No transfer duty.