Infrastructure installations such as water, electricity, sewerage and communications are being worked on currently at Menlyn Maine in the Menlyn node in Pretoria’s affluent eastern suburbs. This comes as now surprise when considering the upcoming popularity of this area. There are still a number of repossessed property and private property available in the area and areas neighbouring this area. Repossessed property is as usual the more economical option to consider, but private properties with nice price tags are also to be found. Browse through the FNB repo list for repossessed property in the area.
Only 12km from the capital’s CBD and accessed via two off-ramps from the N1, this development is also connected to the Gautrain system via the Rapid Bus Link at Centurion Station.
“Infrastructural work will be completed by the end of January 2010 and construction of the first building will commence in February,” says Thys Greeff, leasing, sales and investment broker for Pam Golding Commercial (PGC) in Pretoria.
PGC is marketing commercial property at Menlyn Maine. Many different properties are also available on the MyRoof website.
“The upgrade of the Garsfontein off-ramp is due to open next month. The Atterbury off-ramp and other road upgrades, as well as the upgrading of the Highlands Electrical substation are progressing well.
“The timeline for completion of the entire project is five years.”
Menlyn Maine incorporates 143 000m2 of new office space, 44 000m2 of retail and 100 000m2 of residential and hotel space, as well as some 5 700m2 of scenic parklands with indigenous landscaping.
Pam Golding Commercial is now marketing mostly office accommodation to let, ranging in size from 500m2, in addition to a limited supply of sectional title space ranging from 300m2 in size, which is available for purchase.
The retail component has already been taken up directly via the developers, Menlyn Maine Investment Holdings, which is a partnership of Ice Finance, Equity Estates, GP Property Investment Holdings, Nedbank and Absa Bank.
Menlyn Maine Investment Holdings says that it has already secured the lease of buildings to government and a leading financial institution.
David Reid, general manager of PGC in Gauteng, says: “The high-tech Menlyn Maine project portrays the new face of South Africa’s capital city and the Tshwane Metro.
“With a vibrant urban character and world-class design, it offers a healthy balance between office, retail and lifestyle while taking environmental responsibility to a level unparalleled in this country.
“It could not be better situated, in the heart of an existing residential, retail and business node and close to hospitals, schools, embassies and a golf course.”
This is wonderful news for the areas repossessed property. Go and have a look in the repo list for repossessed property.
Please send me a list of repo properties in the following areas,Centurion and all surrounding areas,Midrand and its surrounding areas
Please send me a list of repo properties in the following areas , Randparkridge and all surrounding areas,Winchester and its surrounding areas