Accent on complete security
Michelle Funke finds out about another Rondebosch development that is set to be a success
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