New luxury development for Wynberg, Cape Town

Security and energy-efficient technology will be the hallmarks of 21 on Wellington, a new sectional title development in Wynberg, says Mike Greeff, chief executive of Greeff Properties, an affiliate of Christie’s International Real Estate.

“There will be an exceptional focus on security, with recorded camera surveillance viewable from the respective units and smartphones. Other planned features include remote control access and electric fencing.

Artist’s impression of 21 on Wellington, a new luxury development to be built in Wynberg.

Developed by Karma Property Investments, 21 on Wellington will consist of 12 luxury north facing units. Units will be wired for HD DSTV, and there will be ADSL points and WiFi connectivity in each unit.

The 21 on Wellington development is to be an energy-efficient building with solar hot water systems, heat pumps and back-up emergency power for common areas.

There are eight units with two bedrooms and two bathrooms, open plan kitchens and living areas and balconies. Sizes range from 73m2 to 86m2.

The remaining four units will be three-bedroom duplex penthouses with two bathrooms. Sizes range from 96m2 to 109m2, with balconies and outdoor living spaces ranging from 55 to 95m2.

“Drone surveys confirm that views from these units will be striking,” says Greeff.

“Features in these penthouses will include outdoor showers and built-in braais.”

He says 21 on Wellington is just a short stroll from Chelsea Wynberg with its boutiques, décor shops, restaurants and heritage buildings, and 1km from Constantia Virgin Active and the M3 Constantia onramp.

“Nic Louw Architects have worked within the new building regulations to create this distinctive luxury apartment building in Cape Town,” says the developer Grant Berold, owner and manager of Karma Property Investments.

“The 21 on Wellington project appealed to us as Karma is a niche market property developer focusing on acquiring property in the most desirable locations and creating homes in small manageable apartment blocks,” says Berold.

Together with partner Nick Johnston, owner of Cape Dutch Construction which specialises in high-end house construction, Berold recently developed 35 On Grove in Claremont, a 14-unit block. Greeff Properties sold all the available units in three weeks, says Greeff.

“The development is well timed, given the healthy demand from home-owners and investors for newly built, modern blocks with high security,” says Greeff.

“Buying well in advance at the launch increases the probability of capital appreciation, and deposits are held in a premium rate account until the units are built and transferred. Strong demand for rental space in the southern suburbs will ensure that investors choosing to rent out these units will achieve consistent and healthy returns, making this an even more attractive investment.”

Greeff says that 21 On Wellington has been approved by all major banks for 100 percent loans, and structured bond finance can be arranged through Betterlife Home Loans.

The two-bedroom, two-bathroom apartments are priced from R1.995 million, which includes secure parking. Five units will have two parking bays and three units will have one bay.

The three-bedroom, three-bathroom duplex penthouses are priced from R3.35m, which includes two parking spaces with at least one garage.

No transfer duty is payable.

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