20 ON GLENRIDGE - CONTACT US TO EXPRESS YOUR INTEREST IN PURCHASING AN APARTMENT/SUITE

R 1,995,000

Can I afford this?
2 years ago1165 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):2
Size (sqm):75
Parking:Covered
Description
The local Municipality planning division has suggested that the developer reconfigures the proposed layout of 20 on Glenridge. Together with D&A Architects it has been agreed upon that the development will be built as a single development with a total of 48 - two bedroom/bathroom apartment with two parking bays.

Amended plans have been submitted to the local planning authorities for approval. In theory by building this
proposed structure as a single development it will speed up the whole projects timeline and reduce the potential unnecessary delays anticipated with the local planning authorities. It should be noted that in order to reduce the overall construction costs no lifts will be installed.

The proposed development will be 3 storeys in height, the basement parking based level will however now be raised to a semi-basement level (effectively ground level).

The existing full floor plate at the upper ground level will be revised to reduce the number of apartments to
10. The original full floor plate on the first and second floor levels will remain unchanged with 19 apartments
on each floor. The swimming pool, gym, spa, coffee shop and hotel reception areas will still be constructed as originally planned.

The parking design will also be revised to address the site planning in respect of the semi basement and
ground floor parking with a guard house separating the entrance/exit routes. We are in the final phase and the selling price of an apartment will be from R1 995 000. At this point in time we are still requesting that all interested Buyers kindly complete and sign a letter of intent and to pay a refundable deposit of R5000 in order to secure an apartment.

Mixed-use developments are becoming increasingly more prevalent today which reflects a shift in
the local market to build environments which cater for multiple uses in one development including residential,
coffee shop, gym, spa, swimming pool and hotel apartments and reception. (Pet Friendly)

In this proposed development which is in a prime location at the corner of Rodger Sishi (Blair Athol) and
Glenridge Roads in central Westville offering two bedroom/bathroom/parking's apartments for sale.

24-hour security will be provided with the necessary security technology which will allow
apartment owners easy and secure access including a guard house at the entrance/exit to the
semi-basement parking. Operating a building with multiple components each with a different usage, requires detailed planning and consideration as to ensure that the interaction between each different component is both effective and adds value to the owners of the apartments.

You as the apartment owner may choose too either occupy your apartment or alternatively lease your
apartment through the hotel. The benefits to this type of development includes an increase in usage and
design flexibility.

Westville is strategically situated within easy access to our local major road networks bei...

Has Pool
Property Reference #: RL72041

Agent Details:
Mlu Yengwa
Tyson Properties
22 Westville Road
Westville
3630

Id Subtitle 1019953491
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Estimated monthly repaymentR 21,620
Total property loan amountR 1,995,000
Total interestR 3,193,790
Total repaymentR 5,188,790
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