To be called Cedar Place, this apartment complex will have 98 units in all, which will consist of 14 studios and 84 two bedroom, one bathroom apartments in three and four storey walk-up blocks. Prices are very competitive and range from R499 900 and R659 900, and include VAT and transfer fees.
“Whether you’re a first-time home buyer, a young family starting out, retired and looking to downscale, or a buy-to-let investor, this development offers all the convenience and luxuries that the southern suburbs has to offer,” says Rehana Moosa, Asrin’s marketing executive.
Selected ground floor apartments are particularly suited to young families as they have private enclosed gardens.
Finishes and features in all apartments, as in all Asrin developments, are of superior quality – with granite countertops, ceramic tiles and laminated wood flooring, stainless steel ovens, hobs and extractor hoods, and anodised aluminium window and door frames. All units will have solar panel water heating, which will help in keeping residents’ electricity bills low. In addition, all apartments are Wi-Fi and DStv enabled, which is slowly becoming the norm as demand for these facilities is high, said Moosa.
The complex will have refuse rooms, laundry drying yards, perimeter electric fencing and paved and landscaped public open areas. There will be a guardhouse and the development will be made as secure as possible with full access control at the entrance/exit.
Another plus here, is that one parking bay per unit is included in the price (many sectional title schemes charge extra for these or rent them out), and there is ample visitors’ parking allocated to the development.
As mentioned, this development is very centrally located, said Moosa. Fifth Avenue benefits from being on a public transport route and has numerous retail stores within easy walking distance. It is also within close proximity to schools and a medical centre and is a five-minute drive from major retail chain stores.
There is direct access from Fifth Avenue to the M5 highway, which will make commuters to Cape Town’s CBD fairly easy, but this area is also well located for those who work to the south as this goes against the traffic flow in peak times.
“Whether buying to live in the unit or as an investor, there cannot be a ‘surer proposition’”, says Moosa, “as units in this price range are very difficult to come by.”