Ke­nil­worth devel­op­ment ex­cites

New rea­sons to change your ad­dress to this mar­vel

Weekend Argus (Saturday Edition) - - PROPERTY -

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.

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