Glen Acres Park Estate progress
MIDRAND – Group Five Properties promises a green-inspired easy access estate in Glen Austin.
The shareholders of Glen Acres 16 (Pty) Ltd are pleased to announce the signing of the main construction contract with Group Five Housing (Pty) Ltd for the construction of Glen Acres Park Estate.
The estate will comprise 366 residential units and ancillary infrastructure and amenities including a clubhouse, swimming pool, tennis court, children’s play area and landscaped green spaces. Group Five Properties Development director, Gregory Skeen said on building approval, construction would begin in earnest, with Phase 1 completion expected early in January 2018 and Phase 2 in January 2019. Phase 1 will be 124 units in eight blocks, gatehouse, clubhouse and associated infrastructure.
“The new Glen Acres development is the first development of its type in the rolling green surroundings of Glen Austin and offers a friendly open lifestyle, within 3km of the Midrand Gautrain station, 5km from the Midrand CBD and 10km from the Mall of Africa,” said Skeen.
He further revealed that access to the N1 national road was easily accessed via the Olifantsfontein or New roads resulting in the development enjoying excellent transport connections.The estate is ideal for first-time buyers, young professionals and families looking for a secure option with plenty of green space.
Phase 1, with all one and three-bed units have already been sold out. Only two-bed units remain available priced from R845 000.
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All units enjoy best practice architectural design, a choice of modern finishes, 24-hour security, Internet and DStv-over-fibre infrastructure, a clubhouse, tennis court and swimming pool.
“Purchasers can make significant savings on transfer and bond costs on this new development,” added Skeen.
The proximity of numerous business and educational establishments in the Midrand area make Glen Acres Park Estate a great opportunity for the buy-to-let investor with good yields anticipated based on current market rentals. At the core of the developer’s operation is the unwavering commitment to delivering quality real estate assets.
“The developer understands the disruption that these types of construction projects can bring to a community and believes in open and effective communication,” concluded Skeen.
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