The Bolton provides investors with a premium investment opportunity within central Rosebank. Fully tenanted, you can enjoy a guaranteed rental income all-year-round in an area that has a high rental demand. This is Rosebank, a hub of professional activity, daily shoppers, bustling restaurants, hustling creatives and trusted corporates in one of Johannesburg’s traditional suburbs. As a property investment, investing in The Bolton apartments can give you a leading edge.
Showcase of Modern Facilities
Viewings to see The Bolton apartments are available Monday to Friday and on Saturdays. Walk through the development and take a look at the key facilities curated for professionals. From co-working space, a boardroom, backup generator, water reserve tank, cinema room, pool and braai facilities – The Bolton caters for the needs of the working professional and is very much a central Rosebank residence that is in high demand.
In the last few years, The Bolton development underwent a R210 million conversion from office blocks to residential buildings and has since been responsive to the market, catering for the needs of its tenants. During the Covid-19 lockdown, a re-design of the lobby lounge area took place to make room for co-working facilities and private workspaces.
Apartment Features
The Bolton offers a range of apartment types and sizes across four floors. Choose from studio, one or two-bedroom apartments in the Sturdee block or the Baker block. Each apartment has contemporary, modern finishes with minimal maintenance required. Apartments are spacious and well-designed with granite countertops and a built-in oven and hob. Floors are tiled for low maintenance and billing for amenities is easy with installed water and electricity meters.
Each apartment comes with fibre installed to each unit and a 20mb uncapped line is included in the levy. Access to high-speed internet is vital in our modern age and is attractive to renters. Those who work remotely value high-connectivity and you can look forward to long-term tenants with a keen sense of professionalism. The added benefit of secure on-site parking is also a huge drawcard for tenants.
Rosebank Suburb
The close proximity to Rosebank Mall, the Gautrain Station and other social nightlife attractions gives The Bolton a leading edge. The building enjoys the premium status of being close to a corporate hub where leading national and internal companies make their home. The recent R7 billion in infrastructure upgrades to the suburb, seeking to make Rosebank more pedestrian friendly, has created a vibrant city lifestyle which people are eager to move to. It also seeks to attract further infrastructure improvements and aesthetic upgrades that overall increases the value of the area.
Investment Prospects
In Rosebank, sectional title schemes enjoy 6% capital appreciation each year with the opportunity for rental income to subsequently increase as the market demands. Currently, you can purchase a two-bedroom apartment from R1 299 000, with a monthly rental income from R11 660, where you can enjoy an estimated gross annual yield of 10,77% in year one. Investors also have the opportunity to earn up to R87 900 cashback – more details on this are available through our IGrow development consultants.
When it comes to paying rent on time, Rosebank as a suburb has achieved a 9% higher good standing ratio than the national average collected between May 2020 – April 2021. This time period reflects rental collections during the Covid-19 lockdown when many individuals had to reassess their financial commitments. Rental collections during this time proceeded as scheduled.
The Smart Choice
There are a number of benefits available to investors when you choose The Bolton and our professional team. Invest in a competitive development at below market prices with bond and transfer fees included and no transfer duty required. You could potentially save up to R60 000* in attorney fees and get up to 100% bond financing when you consult with our development consultants at IGrow. You also have the opportunity to secure tenant insurance and you can discuss property tax strategies that are available to investors.
With only a R10 000 deposit and your monthly bond covered by an immediate rental income, The Bolton is made for investors. If you are interested in getting your foot on the property ladder in Rosebank, then contact our sales team at IGrow to start your property investment journey today. Find out the units that are available and the potential return on investment you could achieve.
- This is an estimate of savings and can change without prior notice.
