Mixed-use development rising in Sandton will offer every comfort?
Investors speak of that once-in-a-lifetime investment opportunity – the one that yields exceptional returns coupled with unparalleled security: in short, the Holy Grail of investment.
That’s the phrase being used to describe the building currently inching its way up the Sandton skyline.
The Leonardo is the Legacy Group and Nedbank’s latest mixed-use development, and it’s not only breathing new life into the famous skyline, but generating enormous buzz among investors in the financial capital of Africa.
The building is nestled in the heart of the vibrant and rapidly expanding precinct of Sandton, and can be found at 75 Maude Street.
It is within walking distance of the Gautrain and all major businesses, and is also adjacent to the Johannesburg Stock Exchange. From this prime location, which offers an unequalled South African lifestyle, The Leonardo beckons to smart investors as a safe haven for their money.
When The Leonardo is completed it will tower above all other buildings in Sandton, making it not only the most exclusive but also the tallest building in the area. It will become a landmark overlooking what has been dubbed “The Richest Square Mile in Africa”.
“The Leonardo epitomises the ideal of a mixed-use development – a means to live-work-play in the lap of luxury, with every creature comfort and convenience at your fingertips,” says Gijs Foden, director of sales at Legacy Retail Management.
“For residents this means a secure, luxurious living space, full concierge service, a crèche, a rooftop garden restaurant, coffee shop, heated pool, gyms and manicured gardens, and possibly even a commute to work that involves taking the lift a few floors down.
“For businesses The Leonardo means much of the above, plus premium office space, and an in-house business and conference centre,” says Foden.
The Leonardo will comprise: street level shops; an above-ground, four-level podium that will host a swimming pool, restaurant and various other facilities, including the children’s playschool; commercial, sectional title office space; 200 one, two and three-bedroom apartments; eight penthouses; and The Leonardo Suite – a 2 880m², three-floor penthouse with a 360 degree view. The suite’s asking price of R250 million will make it the most expensive sectional title property ever sold in South Africa.
Foden says sales of this sectional title development have been going exceedingly well, and all but 10 apartments in Phase 1 have been sold.
He says private release of levels 33 to 36 in Phase 2 over the past month has resulted in 50% of these units being sold.
“We have started selling from the 34th floor upwards, which is very exciting and uncharted territory for apartment living in Joburg.
“As for the choice of views from a 360 degree horizon, they are unmatched. Our product offering is unique and offers buyers the ultimate lifestyle, but you really can’t get the essence of it without coming to see it for yourself.
“The apartment component of the building starts from the 18th floor, to ensure stunning views for every owner. Demand is high, and as we begin selling the higher floors, I expect the capital values of the properties will sky-rocket, as was our experience with The Michelangelo Towers and the Da Vinci.
“I have no doubt investors will view the The Leonardo in the same light as these highly successful properties, namely a dollar-safe investment that protects their money in a world-class development,” says Foden.
The Leonardo will offer investors and owners all the creature comforts of a five-star hotel.
With a hassle-free rental-pool option, owners maximise their investments through a new rental structure – one that Foden believes will change the rental market in South Africa, while optimising investment returns for future and existing owners.
On completion, The Leonardo will be the most exclusive residential, commercial and retail development in the heart of the continent’s financial capital, at the Gateway to Africa.
Foden says it is undoubtedly one of the most exciting investment opportunities of a lifetime.
“The Leonardo has everything going for it, not least of which is its development at the hands of Legacy, one of the continent’s most experienced and highly regarded developers in the luxury lifestyle, office, apartment, property and hotels industries.
“There’s a very good reason investors are so hyped up about this development. It truly is one you don’t want to miss out on,” says Foden.
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Investors can acquire additional information from Gijs Foden on 076 860 0260, or email email@example.com