FREQUENTLY ASKED QUESTIONS
ABOUT THE PROJECT
What is 2.1.9.6 Sandton’s address?
3 Stan Road, Sandton. Situated in the heart of Sandton’s Financial business District. Minutes from Nelson Mandela Square and the Gautrain.
Who are the developers?
CRI-Eagle Investments (Pty) Ltd, is a subsidiary of China Railway Group Limited (CREC) the second largest contractor in the world and has co-developed Eagle Canyon Golf Estate. CREC is a Fortune Global 500 company, and is also one of the World’s 500 Most Influential Brands.
Who are the architects?
AMA Architects was established since 1993, it’s an Award Winning South African Architectural firm. AMA Architects won the 2015 Innovation Excellence Award for Sandton Skye from the South African Property Owners Association (SAPOA) for the first phase of Sandton 2.1.9.6.
When is the completion date?
Construction is set to commence the 2nd quarter of 2024. The estimated completion date is 18 months later.
Who are the Attorneys?
Nam-Ford was established in 1989. For over 28 years Nam-Ford have been on the Home Loans A-panel of the 4 major South African banks, consisting of ABSA Bank, FNB, Nedbank and Standard Bank for registration of their mortgage bonds.
Who are the property agents?
Lynn Estates since 1989 has played an integral role in developing the Sandton skyline. Creating iconic landmarks such as the Michelangelo Towers and many more, Focusing on projects within a 7km radius of the Nelson Mandela Square.
Who are the interior designers?
Jayd Designs established in 2001 is an interior firm creating innovative and inspiring design solutions to enhance maximum returns for today’s investor.
What is a lifestyle development?
A one of a kind world class project with 3 iconic towers of lifestyle and an Oasis of greenery with sparkling pool and firepit. Set on 3 acres in the financial business district of Sandton
Sandton Sky: Restaurant & Entertainment
Fine dining | The Codfather restaurant serving breakfast, lunch and dinner | Sushi bar | Indoor/outdoor cocktail bar | Wine Cellar | Whiskey bar | Cigar Lounge
Sandton Oasis: Business Centre
Lounge with meeting areas | Executive private meeting rooms and conference facilities | Library with fireplace | Luxury Bar area
Sandton 2.1.9.6: & Fitness Centre & Wellness Spa
Fitness centre | Wellness Spa | Hair and nail salon | Yoga studio | Meditation garden
An oasis of Greenery:
Set in a lush manicured garden that will become your sanctuary in the city. Sparking pool | Daybeds & Umbrellas | Outdoor dining & Cocktails | Fire pit
Service is at your fingertips from the in-house keeping and laundry, designer boutique, High speed fiber through-out, backup power and an inverter in each unit, secure access-controlled basement parking to peace of mind 24-hour security.
BUYING AND PRICE LIST
How do I purchase an apartment?
You will be able to browse and secure any available units by visiting the interactive sales platform.
What is the reservation process via the interactive price list?
All reservations will happen online via the interactive price list. The below list outlines the steps you’ll need to be familiar with in order to have the best chance of securing the unit you want to purchase.
1. Register and log in to https://2196.lynnestates.co.za/login
2. Click the RESERVE button to start the process.
3. Complete the form and accept the terms: Click CONTINUE
4. Your reservation will now move to the pending state where you have 10 minutes to add a parking bay and finalise the deposit payment
5. You will then pay your R2000 reservation deposit via the following methods:
– Visa or Mastercard
– Instant EFT via OZOW
– Masterpass
– Snapscan
6. Make your R2000 payment: Your unit is now reserved!*
7. You will then receive an email from our team confirming your reservation.
How does my shortlist work?
Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the Shortlist.
Next steps:
• You will receive an email from the Lynn Estates team with the Agreement of Sale for you to sign and return to us within 48 hrs of receiving it.
BOND FINANCE
A 10% deposit is required within 7 days of signature of the agreement.
Lynn Estates and Elcasa (Residential Property Finance Specialist) will assist you with 90% bond finance to ensure a smooth process. In the event of a lesser bond approval, we will arrange a payment plan for the shortfall.
CASH BUYERS (SA AND NON SA RESIDENT)
A 10% deposit is required within 7 days of signature of the agreement.
Lynn Estates and the Attorneys Nam-Ford, will structure a payment plan with you for the balance.
NON-SA RESIDENT WITH 50% BOND FINANCE
A 10% deposit is required within 7 days of signature of the agreement.
Lynn Estates and the Attorneys Nam-Ford, will structure a payment plan for a further 40% deposit required as a non-SA resident. Elcasa will assist with the bond process up to 50% bond finance (subject to the qualifying criteria).
Does the deposit earn me interest?
The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
What are the benefits of purchasing now?
If you buy off plan, the developer is holding the purchase price and by the time your unit is completed you would have achieved capital appreciation.
During construction, the developers increase the selling prices and you would have secured your unit at the pre-construction launch price.
What are the price ranges and estimated rental returns?
One Bed Designer Apartment
fully furnished from R2 153 000 - R2 473 000 VAT Inclusive
Est. short term monthly income for the furnished combined units: ±R35 750
(Daily rentals will yield a projected monthly return of 15%)
Est. long term monthly income for the furnished combined units: ±R23 000
One Bed Presidential Corner Apartment
fully furnished from R3 683 000 - R3 848 000 VAT Inclusive
Est. short term monthly income for the furnished combined units: ±R55 000
(Daily rentals will yield a projected monthly return of 15%)
Est. long term monthly income for the furnished combined units: ±R34 800
Two Bed Duo Apartment
Two units combined fully Furnished R4 506 000 - R4 946 000 VAT Inclusive
Est. short term monthly income for the furnished combined units: ±R71 500
(Daily rentals will yield a projected monthly return of 15%)
Est. long term monthly income for the furnished combined units: ±R48 000
The benefit of owning 2 individual titles with the flexibility of renting it out as 2 single apartments or as a two bed duo with a private entrance lobby. Available from the 4th - 13th floor (only 20 Duo apartments)
Two Bed Premier Deluxe Apartment
fully furnished from R6 356 000 VAT Inclusive
Est. short term monthly income for the furnished combined units: ±R96 800
(Daily rentals will yield a projected monthly return of 15%)
Est. long term monthly income for the furnished combined units: ±R56 800
The benefit of owning 2 individual titles with the flexibility of renting it out separately as a designer unit and a one bed presidential corner or renting it as a two bed premier deluxe apartment
Three / Four Bed Royal Penthouse Suite floor
fully furnished R13 770 000 VAT Inclusive
Est. short term monthly income for the furnished combined units: ±R251 920
(Daily rentals will yield a projected monthly return of 15%)
Est. long term monthly income for the furnished combined units: ±R125 000
All apartments will be furnished by Jayd Interiors.
Is an unfurnished option available?
Yes you can purchase a unit unfurnished and Lynn Estates will assist you accordingly.
Is there parking available?
2.1.9.6 Sandton has secure covered parking for residents as well as ample visitors parking. Parking is secure and has direct access to the building.
Parking is included in the purchase price:
One Bed Designer Apartment = 1 parking
One Bed Presidential Corner Apartment = 1 parking
Duo Apartment = 2 parkings
Two Bed Premier Deluxe Apartment = 2 parkings
Three / Four Bed Royal Penthouse Suite = 3 parkings
Transfer duties
No transfer duties are applicable as the purchase price is VAT inclusive.
Transfer costs
The attorney costs as per the recommended tariff to transfer the unit into your name will be applicable.
Example: On a purchase price of R2 million the transfer costs will be R39 500*
*Please note these are subject to change
Attorney details:
Nam-Ford Attorneys
www.nam-ford.co.za
Precious
T: 011 210 2800
C: +27 (0) 73 336 8453
E: precioush@nam-ford.co.za
Bond pre-qualification and pre-approval
Lynn estates will assist you with Elcasa to ensure an effortless process.
Once my bond is approved, when do I start paying?
Bond repayments will commence once the property has been registered and transferred into your name.
Bond registration costs
Bond costs are payable at the time that the bond registers, once the development is complete.
RATES
The local council calculates rates based on the value of the unit. This fee is separate from levies.
LEVIES
They cover the costs of security, cleaning & landscaping of the common areas, maintenance of the building, building insurance and all running costs and management costs and insurance of the building.
Are there any hidden costs?
The contract price is the price the client will pay for the property. There is occupational interest due from the date you take occupation until you take ownership (transfer takes place).
When will we be able to move in/find a tenant?
Near completion of the development, the transfer process will commence. Occupation will be given following the issuing of the occupation certificate. You will be able to occupy or rent out your apartment from the date of occupation.
How can I rent out my investment unit?
Lynn Estates / Sandton 2196 rentals have an in-house rental team that will assist in renting your unit. You also have the right to manage your own rental.
PRE-PAID ELECTRICITY
Each unit will have an independent electricity meter.
WATER SUPPLY
Water will be paid in arrears and will be billed and metered on specific unit usage.
AMENITIES
What security does 2.1.9.6 Sandton offer?
24-Hour security and concierge, Access controlled lobbies and lifts , Advanced biometrics (electronic identity access management and access control), State-of-the-art security throughout the building, Secure monitored undercover parking, 24-Hour secure guard house.
Is air-conditioning available?
Sandton 2196 is fully temperature controlled.
Does the building have backup power?
2.1.9.6 Sandton has backup power and water.
Is there a cleaning services?
Trustworthy cleaning services are available to residents and tenants at 2.1.9.6 Sandton.
Is there Wi-Fi?
The building is High-speed fibre optic ready.
Is Sandton 2.1.9.6 Pet Friendly?
No pets are allowed.
Who can I speak to for more information?
Lynn Petzer | Refiloe Moyo
+27 83 655 5539 (Call or WhatsApp)
info@lynnestates.co.za
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