Investors speak of that once-in-a-lifetime investment opportunity. The one that yields exceptional returns coupled with unparalleled security – in short the Holy Grail of investment. Right now, that’s the phrase being used to describe the building that is inching its way up the Sandton skyline. The Leonardo is the Legacy Group and Nedbank Ltd’s latest mixed-use development, and it’s not only breathing new life into the famous skyline, but generating enormous buzz among investors in the financial capital of Africa.
The Leonardo is nestled in the heart of the vibrant and rapidly expanding precinct of Sandton, and can be found at 75 Maude Street. It is within walking distance of the Gautrain and all major businesses, and is also adjacent to the Johannesburg Stock Exchange (JSE). From this prime location, which represents the best of a frankly unequalled South African lifestyle.
“The Leonardo epitomises the ideal of a mixed-use development – a means to live-work-play in the lap of luxury, with every creature comfort and convenience at your fingertips a simple lift ride away,” says Gijs Foden, director of sales. “For residents this means a secure, luxurious living space, full concierge service, a crèche, a rooftop garden restaurant, coffee shop, heated pool, gyms and manicured gardens, and possibly even a commute to work that involves taking the lift a few floors down. For businesses it means much of the above, plus premium office space, and an in house business and conference centre.”
The Leondardo will comprise commercial, sectional title office space; 230 one-, two- three- and four-bedroom apartments; eight penthouses; and the pièce-de-la resistance, The Leonardo Suite – a 2,880 square metre, three-floor penthouse with a 360-degree view, whose asking price of R250-million will make it the most expensive sectional title property ever sold in South Africa.
“The apartment component of the building starts from the 16th floor up, to ensure stunning views for every owner. Demand is high, and as we begin selling the higher floors, I expect the capital values of the properties will skyrocket, as was our experience with The Michelangelo Towers and the DAVINCI. I have no doubt that investors will view the The Leonardo in the same light as these highly successful properties, namely a dollar safe investment that protects their rands in a world class development.”
The Leonardo will offer investors and owners all the creature comforts of a five-star hotel. With a hassle free rental-pool option, owners moreover maximise their investments through a new rental structure.
“The Leonardo has everything going for it; not least of which is its development at the hands of Legacy – one of the continent’s most experienced and highly regarded developers in the luxury lifestyle, office, apartment, property and hotels industries. There’s a very good reason investors are so hyped up about this development, it truly is one you don’t want to miss out on. But really you can’t make a call from simply hearing about it and I appeal to potential investors to come and take a look for themselves,” concludes Foden.