Kenilworth development excites
New reasons to change your address to this marvel
R AWSON D e v e l o p e r s i s launching a new residential development with 119 units in Kenilworth, the developer’s ninth project in seven years in the central Cape Peninsula.
“In recent years we have done most of our developments in this area because demand continues to be very strong here. As opportunities are very limited, all our projects have realised significant year- on- year capital growth,” says Paul Henry, managing director of Rawson Developers.
Three Fountains will be built on a 6 500 m2 site between Harfield and Greenfield roads, the current site will make way for a long five-storey block with a parking basement and will have north and south facing units. The north-facing units will have views of Devil’s Peak and Table Mountain, and views from the south-facing flats will take in a large tract of the Cape Peninsula – as far as False Bay.
Henry says the roof line of the block will be on two levels, not all units will have balconies and the northern façade will have curved sunscreens.
Architect Gordon Hart, says the design will complement the solid, comfortable 1930s/ 50s apartment blocks for which the area is well known.
Three Fountains will have s t udio, one- and t wo- bedroomed units. Prices will range from R755 990 to R1 555 990.
“At The Beaumont, the development we l aunched before this one and which is now heading for completion in December 2014, we allowed a number of appropriate luxury extras.
“Here at the Three Fountains we have done all we can to see that the base prices are low, bearing in mind that handover will be in 2015.
“Nevertheless, g r anite counter tops, ovens, hobs and extractor fans, Cobra ironmongery, downlighting and 600mm x600mm tiles or l aminated flooring are included. The sales team will also have other extras to offer buyers,” says Henry.
“Kenilworth is part of the southern suburbs academic belt, which is one reason why investors are once again showing a lively interest in the project and will probably comprise 60 percent of the buyers,” says Trevor Weston-Green, Rawson Developers’ property development analyst.
Predicted rentals in 2015 will be R5 500 for studio units, R7 000 for one-bedroomed units and R9 500 for two-bedroomed units.
The launch date is set for next Saturday and Henry expects most of the units to be sold by the end of March.
Completed Rawson Developers projects include Rondebosch Oaks, River’s Edge, The Rondebosch and River Song.
SOLD: An artist’s impression of Rawson Developers’ newest development, the 119 unit Three Fountains in Kenilworth.