Government officials, doctors and visitors requiring easy access to Pretoria Central and Loftus Versfeld, find Riviera convenient
Rental investment is a lucrative business in Riviera.
So much so that few properties go on the market at any one time as demand for conveniently situated homes remains consistently high.
Riviera is well-situated, being close to major landmarks, and popular with an array of professionals and groups whose interests are served by its ideal location.
Within walking distance are the Union Buildings, the seat of the South African government. For the personnel based there, Riviera is ideally situated.
“Government officials, medical students, doctors and visitors who need easy access to the embassies, Pretoria Central and Loftus Versfeld, find Riviera convenient,” says Robin van der Walt, of Dormehl Phalane Property Group, who points out that Riviera is within a 5km radius of at least four hospitals: Steve Biko Academic Hospital, Tshwane District Hospital, Netcare Femina Hospital and Mediclinic Muelmed Hospital.
“Riviera is centrally situated and is a great place to stay. It lies just a few blocks from Pretoria Central, which makes historical landmarks, museums and other attractions, such as The National Zoological Gardens, easy to access, as well as a host of recreational and shopping centres.”
As a result, Van der Walt says property transactions are few and far between: “In 2017, there were only 14 registered sectional title scheme sales and 17 for freeholds.”
She puts average freehold and sectional title sales since 2009 at less than 30 annually, adding: “In the past 10 years, 2008 had the highest sectional scheme sales at 81 registered sales for that year alone.”
The convenient location that makes Riviera a high demand area has correspondingly spawned numerous quality guest houses, including Greenodd, East View House and Deja-vu, says Van der Walt.
The stock includes well-maintained sectional titles for which medical students are a well-represented tenant demographic.
Van der Walt says the interiors of most of these apartments have been renovated with exteriors largely retaining their original chic and period architecture.
“Sizes vary from 37m² to122m². They consist of bachelor units as well as two- and three-bedroom units. Rentals vary from R4 500 to R15 000 a month for the sectional units,” says Van der Walt, who puts the total sectional title count in Riviera at 335, and freeholds at 381.
The stand-alone homes are on erven of between 800m² and 1 500m², says Van der Walt, noting: “They have older architecture with wooden or parquet flooring and pressed ceilings.
Some owners have modernised interior finishes and have perhaps extended the houses and built on flatlets, but most properties still contain old charm.”
Van der Walt says the most expensive freehold would sell for just over R3 million, and R1.1m for an equivalent sectional scheme unit. Suburbs with similar profiles are Rietondale, Rietfontein, Deerness and Gezina.
Louis Begemann’s places of interest and things to do in Riviera
1 Riviera Pharmacy
It’s a fantastic place to buy medicines and gifts. It also operates over holidays. 52 Annie Botha Avenue, Riviera. 012 329 3414
2 Riviera Meat Market
They stock the best biltong and boerewors. It’s clean and the staff are friendly and helpful. 56 Annie Botha Avenue, Riviera. 012 329 3552
3 Brewers BBQ
It has great food at and affordable prices. I usually order a “lady’s” steak and salad. 23 Rietfontein Pavilion Centre, Frates Road, Rietfontein. 012 329 9712
4 La Cantina
They make nice chicken schnitzel at this lovely Italian restaurant. 259 Soutpansberg Road, Rietondale. 012 329 6934.
It is great for breakfasts, and later in the day for cocktails. 45 Soutpansberg Road, Riviera. 012 329 1994