A luxury penthouse in Joburg just sold for R75 million
A penthouse in a new development in Midrand, Northern Johannesburg, has sold for R75 million.
The apartment penthouse has a private rooftop garden, a jacuzzi and a heated pool; and is found in the Ellipse development in Waterfall City.
The development is being built by Attacq, the owner of Waterfall City, and Tricolt, a luxury property developer, which confirmed the sale.
According to commercial property broker Ask Ash, the penthouse is a 400 square metre duplex, and is the most expensive penthouse in Gauteng.
Similarly-sized penthouses in Steyn City and Sandton have been put on sale for between R33 million and R45 million, the broker said.
“It is our vision with Ellipse to create an iconic high-rise residential development that surpasses any other in South Africa, in terms of luxury living, architectural beauty and environmental advancements in the heart of Waterfall City, the fastest growing mixed-use precinct in Africa,” Attacq and Tricolt said.
The development is nestled between Mall of Africa and the Netcare Waterfall City Hospital.
The development features its own lifestyle offering in the Luna Club, which offers these amenities:
- Olives & Plates Restaurant
- Life Day Spa Waterfall
- Trifit Wellness
- Temperature-Controlled Lap Pool
- Rim Flow Leisure Pool
- Outdoor Gas Braai Area
- Fire Pits & Boma
- Library and Boardrooms
- Indoor and Outdoor Gyms
- Concierge Cervice
- Business Centre
- Wine Room and Residential Celler
- Steam Shower and Sauna
- Coffee Bar
- Children’s Entertainment
The development also has backup power and water solutions, with residents less dependent on the City of Johannesburg to provide basic services.
Apartments in the development are currently for sale and are priced at:
- Executive Suites – From R1,549,000
- Executive 1 Bedroom – From R1,690,000
- 1 Bedroom Apartments – From R2,069,000
- 2 Bedroom Apartments – From R3,105,000
- 2 Bedroom Penthouse – From R7,550,000
- 3 Bedroom Penthouse – From R7,800,000
Below are some images of the development:
Read: Government grabs R2.7 billion stake in one of South Africa’s newest and fastest-growing cities
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