03 Nov 2010
Nedbank has agreed to provide R34-million to fund the installation of services and infrastructure and the construction of 428 sectional title homes in the northern suburbs of Pretoria.
The development, known as Gallaway Manor, offers a range of homes starting with a 30 sqm bachelor unit costing R291k and ranging up to an 88 sqm three-bedroomed, two bathroom unit costing R600k. All units have concrete roof tiles, built-in cupboards, wooden windows, kitchen units with granite work tops, ceramic floor tiles, standard sanitary ware and curtain rails.
The development will offer residents a number of lifestyle benefits. These include a 15 metre lap pool, 1,5 kilometre running track, ample outdoor seating areas in landscaped gardens, 24-hour manned security with boom access control and a guardhouse at the gate.
The accommodation is suitable for Medunsa and Tshwane University of Technology students and an Internet café and cafeteria is planned for the development.
Manie Annandale, head of Nedbank Corporate Property Finance’s affordable housing development unit says that current bulk infrastructural supply constraints makes it crucial for affordable housing developers to maximise land use within nodes that not only use current infrastructure, but where such new developments are also close to transport, work and places of learning.
Established residential suburbs are immediately adjacent to the west, south and east of Gallaway Manor while, to the north is the railway line feeding the western side of Pretoria and Soshanguve. The site is about four blocks away from Rachael De Beer Road, which is the main road that links Pretoria north to Pretoria central and surrounding areas.
There are no similar new developments in the vicinity but there are a number of schools, religious institutions, shops and medical facilities that service the existing communities.
Pretoria North has been identified as the next major property growth point in. The area is two to three degrees warmer than Pretoria itself and has above average rainfall, ensuring perennial greenery. It is largely out of the pollution belt and traffic congestion is less of an issue than in other Pretoria suburbs.
The Gallaway Manor Property Development is undertaking the development. The property development company was established by The Anderson Trust in 1995 and is based in Brooklyn, Pretoria. Most of its developments have been constructed by R&T Developments and include a 1 500 unit low cost housing project in Northam, two 900-unit low cost housing developments in Thabazimbi and a number of higher income developments in Pretoria.
Readers' Comments Have a comment about this article? Email us now.
Less traffic than other suburbs???????????....what a thumb suck statement………………It takes an average of 1.5 Hours to drive 12 km from the centre of Pta North (Rachel de Beer str) to the city centre, depending if you leave before half past 7 in the mornings. There are only two routes into City centre, Mabopane freeway (that is congested to the maximum) and Rachel de Beer through the Wonderboom poort. The North West suburbs are over-developed, in relation to the infrastructure....Akasia saw an huge development spree the last 5 years, without any infrastructure development, and all those people make use of either the Mabopane freeway or the Wonderboom poort for access to work place, the same with Pta Noth itself. Yesterday one set of traffic lights were out of order and it took me 2 hours to get to work!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The current schools in the immediate vicinity are already full to the maximum, Development in Pta North is welcomed as long as it goes hand in hand with better traffic flow, be means of alternative access routes, and surely Nedbank isn”t going to spend one cent on that. I just wonder what this infrastructure and service development entails? - Andries
About the Author
Apartment / Flat for sale in Vredekloof R 775 000
Townhouse for sale in Eversdal R 1 895 000
House for sale in Onverwacht R 1 900 000
House for sale in Midstream Estate R 3 900 000
House for sale in Highlands North POA
House for sale in Allen Grove R 1 660 000
House for sale in Beaconsfield R 895 000
House for sale in Midstream Estate R 4 750 000
House for sale in Mahube Valley R 540 000
House for sale in Panorama R 1 520 000
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724