Ac­cent on com­plete se­cu­rity

Michelle Funke finds out about an­other Ron­de­bosch de­vel­op­ment that is set to be a suc­cess

Business Day - Home Front - - HOMEFRONT -

OL­LOW­ING hard on the heels of their sold-out River’s Edge 84-unit de­vel­op­ment sited on the Lies­beek River in Ron­de­bosch and com­pleted in Au­gust last year, Raw­son De­vel­op­ers are go­ing ahead with a new 40-unit de­vel­op­ment right next door, to be known as River Song.

This de­vel­op­ment will be six sto­ries high but in this case the block will be L-shaped. It will have only 40 units, more than half of which have al­ready been sold. Most buy­ers are from Raw­son’s loyal buy-to-let in­vestor base, who have shown a par­tic­u­lar lik­ing for the com­pany’s Ron­de­bosch projects be­cause rentals in this area are so good.

Trevor We­ston-Green, Raw­son De­vel­op­ers’ mar­ket­ing man­ager and strate­gist, who bro­kered the pur­chase of the four free­stand­ing homes on the orig­i­nal site, said that de­spite al­ready pro­vid­ing al­most 500 sec­tional-ti­tle units in three Ron­de­bosch developments, Raw­son De­vel­op­ers have found that there is still a huge de­mand for this type of ac­com­mo­da­tion. He pre­dicted the cur­rent de­vel­op­ment would be sold out within a few months.

Paul Henry, manag­ing di­rec­tor of Raw­son De­vel­op­ers, said that once again the com­pany had used Gor­don Hart as the ar­chi­tect, and will be pro­vid­ing one- or twobed­room apart­ments sized from 43m² to 93m². Henry said they will come in eight dif­fer­ent con­fig­u­ra­tions, two of which will in­cor­po­rate loft floors. All ex­cept the big­gest units will have small bal­conies, and about 75% will have the same panoramic views of Devil’s Peak and Ta­ble Moun­tain as River’s Edge.

Henry said fin­ishes will be well above av­er­age for units in this price range and will in­clude 450mm² floor tiles, su­per­wood cup­board doors in the kitchens and alu­minium-framed slid­ing doors and win­dows.

Henry said that apart from the views, the big at­trac­tion of River Song are likely to be its close­ness to the Univer­sity of Cape Town and to a num­ber of ex­cel­lent schools, as well as the Ron­de­bosch CBD, the city cen­tre, the moun­tain and the Lies­beek River trail that runs right past the site and is open to bi­cy­cles as well as jog­gers and walk­ers. It also has sev­eral at­trac­tive pic­nic spots.

Henry, said a fur­ther at­trac­tion is that River Song’s se­cu­rity is be­ing taken very se­ri­ously. The site will be en­closed, pro­tected by elec­tric fenc­ing, and guards will be on duty around the clock.

Ac­cess to the build­ing will be by bio­met­ric fin­ger­print recog­ni­tion or by a res­i­dent ac­cept­ing the visi­tor in­tro­duced to him by the se­cu­rity guard.

Prices at River Song are pitched from R895,990 to R2,150,990. There is no VAT or trans­fer duty payable as the sale deed is signed di­rectly with the de­vel­oper.

Han­dovers at River Song are expected to be­gin in June next year. Raw­son Con­struc­tion is al­ready on the site de­mol­ish­ing the old homes there.

Henry said that buy-to-let in­vestors could prob­a­bly ex­pect a 7% re­turn from day one— R6,000 to R8,000 a month per unit. At this stage, he said, it looked as if the an­nual cap­i­tal ap­pre­ci­a­tion was likely to be about 8%. Price: From R895,990 to R2,150,990. No VAT or trans­fer duty is payable Contact: Raw­son De­vel­op­ers Paul Henry 021 658 7100

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