Real Estate Investor Magazine South Africa May/June 2019 | Page 10

Q&A
Property Advice
INVESTMENT
OPPORTUNITIES IN
MULTIPLE OCCUPIED
PROPERTY IN GOOD AREA
Akbar Hassim of FutureDev Property
Developers answers.
Question:
I am looking to invest in a multiple occupied sectional title property all with en-suite bathrooms
in the greater Sandton and Bryanston areas located close to Sandton CBD to rent out. What
kind of price would I need to invest for a 4 bedroom all with en-suite bathrooms in a sectional
title property and what kind of rent is possible if a) the house was rented out in full and b) if each
room was rented out separately?
Answer:
Greater Sandton is known as “Africa’s Richest Square Mile” and
is a good area choice for great rental and capital gain returns. As
South Africa’s financial and business capital and continues to
grow with developments that embody its vibrant, energetic ‘live,
work, play’ environment. We are specialist real estate developers,
focused on developing full-title, free standing cluster homes in
Sandton, Johannesburg – more specifically in the sought after and
affluent residential suburbs of Morningside and Bryanston. Our
developments are located just a few kilometres away from the
hustle and bustle of Sandton Central’s Business District (CBD)
and within close proximity to all major malls & shopping centres,
schools, hospitals, gyms and places of worship.
Our real estate offering is for both the owner occupier, and
investor buyer. For investors our pricing is extremely competitive
for the quality of finishes we 4 bedroom units from offer from
R3,6 million an opportunity to invest in excellent capital growth
properties and steady income yields of over 9% renatl yields in full
and over 15% with multiple rents.