Estate Living Magazine Issue 30 Smart Environments June 2018 | Page 22

Gauteng
Supply of upmarket retirement property is especially limited
in Gauteng, and only a few of these developments allow full
ownership, or do not have age restrictions for buyers or
investors.
One of these is the recently launched Celebration Retirement
Estate in Fourways, where you can buy units from R810,000
and rent them out to tenants aged 50 or over for between
R7,500 and R15,000 per month. Due to the high demand
and limited supply of this calibre of retirement property –
clearly evident in the 100 units sold at Celebration within
the first 14 days of its launch – these properties also
resell three times faster than other types of residential
property.
‘Celebration Retirement Estate is the best retirement
investment available in the market, offering returns
Evergreen Lake Michelle
on investment of up to 20% per annum from the
first year,’ says Gerrit Brandow, director of Central
Developments, which boasts a retirement portfolio
Set in peaceful landscaped gardens and covering four hectares,
of 11 developments, all of which offer on-site frail care
the centrepiece of this Estate i