PROPERTY: Lanseria Node Consistently Attracting Investors
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Ongoing and fast paced development of land around Lanseria International Airport bodes well for this vibrant, up and coming node which has a good track record in attracting both commercial investors and individual homebuyers.
Flanking the airport is the brand new Lanseria Corporate Estate – an ultra modern industrial and office development that has taken the lead in both its look and approach to sustainability and care for the environment.
Investors clearly approve, with significant investment already committed by top corporates keen on establishing offices in the park. These include Freeworld Coatings, Renico and Cash Crusaders.
Independent research by property information specialists, Lightstone, shows that sales of stands and homes are active at top estates in the area, such as Monaghan Farm Estates and Blair Atholl.
"These upmarket residential estates are attracting their share of buyers, keen on a secure, premium residence in the countryside. Furthermore, buyers' investments are sizeable; demonstrating confidence in the Lanseria area,” says John Williams of Lightstone.
“We had a robust 2010 with demand and uptake noticeably increasing over the past 14 months,” says Robbie Kreser from Monaghan Farm Homeowners Association.”Over a dozen new properties have been registered. There is keen interest being expressed with increasing consumer confidence driving demand.”
According to Lightstone research, the relatively new Monaghan Farm's property owners have all owned property at Monaghan for less than 5 years. It has attracted residents across the age-spectrum with a largest group of owners being between 26 and 49, showing it to be a favourite for families.
Another upmarket suburb in Lanseria is Lindley, where research by Lightstone shows good sales activity. Lindley falls under Mogale City municipality and average residential valuations in this suburb are at R3,6 million.
Blair Atholl, a premium estate in the heart of Lanseria, is one of the country's most sought after. Its clubhouse and golf course has been dubbed South Africa's 'Augusta'. “Despite the worst property recession globally, we've had satisfactory growth over the last couple of years,” says founder and developer, Robby Wray.
“Although sales in 2009 and 2010 were considerably dampened, total sales were in excess of R60 million and R75 million respectively. Into 2011, sales are already over R50 million; showing a positive move upwards,” says Wray. While stand prices three years ago averaged R2,4 million, this has increased to over R3, million. Completed homes and residences grew from 14 in January 2009 to 64 in December 2010. The average sales value for houses sold is in the R12 million mark.
Wray maintains that the Lanseria node is unique. Conveniently located 40-minutes from
Sandton and 15-minutes from Fourways, the recently upgraded R512 provides excellent access to other areas such as Randburg, Krugersdorp, Magaliesburg and Johannesburg's northern suburbs.
Neighbouring the world-renown Cradle of Mankind heritage site, the area is also widely acknowledged as one that enjoys heightened environmental sensitivity and enforcement; boding well for sensible, lower density development within environmental guidelines and legislation.
Lanseria airport has enjoyed considerable growth and this is expected to continue. A significant 1-million passengers passed through the airport in 2010 alone, with this figure expected to increase to 2-million in 2011. In line with these projections, the airport's expansion plans include improved terminal facilities, runways and the building of an international standard hotel.
Commercial property developments such as Lanseria Corporate Estate are finding their niche in this sought after area. Featuring 160 stands and adjacent to Lanseria International Airport, this joint venture by an investment consortium including Efcon Capital (Pty) Ltd and New Property Ventures (Pty) Ltd, offers world-class security, access to a large labour force at the nearby Cosmo City, indigenous landscaped areas and boulevards, in a beautifully planned environment with effective development controls.
“Lanseria Corporate Estate offers a flexible package option to suit any business that has exacting requirements and high expectations. From the excellent location, setting, access from the busy R512, to security, ultra modern and attractive design and extensive indigenous landscaping, we have covered every aspect that will appeal to the modern day investor,” notes Jurgen Erhart of Lanseria Corporate Estate.
“We have also partnered neighbouring Lanseria International Airport to develop the most modern waste water works in Gauteng, and to ensure that treated waste water is used for landscaping and irrigation needs,” notes Erhart.
Lanseria Corporate Estate has already benefitted significantly from a massive R200 million investment by its owners in basic infrastructure. It's estimated that this investment will increase by R2 billion within the next six years.
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