Eveleigh Heights ticks all boxes
Sectional title complex in Ravenswood wins over buy-to-let and buy-to-live investors with great location and facilities
Contemporary sectional title apartment complex Eveleigh Heights is proving popular with buy-to-let as well as buyto-live investors. Offering 240 apartments, the development, in Eveleigh, Ravenswood, Gauteng, was completed by Stonesman Projects, a family-run property development company with a long track record of successful residential and commercial developments in the area. Says Ricky Goncalves of Stonesman Projects:
“Eveleigh Heights has 15 four-storey apartment blocks of two- or threebedroom and two bathroom units, each with either basement parking or covered parking bay, as well as visitors’ parking. It was already 55% sold out before the official marketing launch, and we expect the rest to move fast.
“The apartments are move-in ready and feature modern designer finishes, a covered patio or balcony, private and pet-friendly gardens for the groundfloor units, exquisite views from the top-floor units, and preferential rates for ovens and kitchen appliances by top Italian manufacturer Smeg. There are also built-in braais and prepaid electricity meters, and Wi-Fi and DSTV setup is included.”
Central to Eveleigh Heights is a private clubhouse with a Truth Coffee Roasting branded coffee bar and fully equipped gym. This gated village has 24- hour guard service and CCTV surveillance, with electric perimeter fencing, and provides secure modern living with all the convenience of the city.
It is well situated, in close proximity to various restaurants and bars, East Rand Mall, East Rand Value Mall, OR Tambo International Airport, schools, police stations and major highway routes. The grounds include a children’s play area with a jungle gym, as well as a laundry. Says Goncalves: “We carefully considered the location and facilities in this development to ensure that it is perfect for an array of residents, from young and career professionals to first-time buyers and young families.
The units range in size from 79m2-101.4m2 and pricing starts from R849,000, which includes transfer duty. There is a minimum holding deposit of R5,000. “We have noted substantial interest from buy-to-let investors wanting to benefit from the attractive rental yields of 9%–10%. The rental demand in this area is such that some of the new units have already been filled with tenants ready for investor buyers, removing the hassle of their having to find a tenant.”