237 Garden City draws its inspiration from the already bustling character of the wider Garden City precinct and has been designed to be the perfect investment opportunity. The development spans over 2.37 acres and is the latest addition to the 47-acre Garden City Mixed-Use Development. To residents, who might be your family or tenants, this means access to 47 acres of ample green space, residents’ parks, sports parks and lifestyle and recreational facilities. It also means that the Garden City Mall, including its large iMax Cinema, is only a stroll away.
Demand for mixed-use developments is generally high owing to their integrated offerings. We have seen this at the Garden City precinct, where residential developments have historically enjoyed high occupancy rates and have a blend of high-covenant tenants. The long-term returns tend to be higher owing to the controlled and managed nature of a mixed-use development. Based on this we project a blended return from both capital gains and rental yields for this investment to exceed 23% in the medium term.
Amenities:
Yoga and fitness studio
Multi purpose sports centre, indoor and outdoor gym
Adults and children swimming pool
Outdoor jogging track
Kid’s play area, BBQ deck, social events hall
Creche and daycare
Over 1 acre of landscaped gardens
IFC edge certified for sustainable design and operation
24/7 generator
24-hour manned security and CCTV
Water borehole backup
Intercom and access control to all blocks
High grade kitchen finishes
Prices:
Standard Studio 20 sqm 2,800,000
Premium Studio 24 sqm 3,100,000
1 Bedroom Apartment 40 sqm 4,900,000
2 Bedroom Apartment 61 sqm 7,800,000
Anticipated construction start for the property is Q2 of 2023 for a 2-year construction period.