select
|

Trendy, upmarket Tokai apartments released to the market

Due to high demand for luxury apartments in the Tokai area, Asrin Property Developers will be building an upmarket lifestyle sectional title apartment complex on land they own adjacent to their offices on Main Road. 


 
To be called Royale on Main, the complex will have 24 units on five floors with a swimming pool and outdoor lounge facilities on the rooftop. 
 
Asrin originally intended to develop office space on the land but residential development instead seemed to make more sense - due to the lack of supply within this price band. The only properties for sale tend to be single residential homes averaging R3 million and above, and the last sectional title sale occurred some 18 months ago, which was sold within 14 days of the said listing, said Shiraaz Hassan, commercial director for Asrin.
 
Apartments will range from 72m2 to 79m2 in size, which includes large balcony areas from which to take in views of the Constantiaberg range, and from R1,699 million to R1,999 million in price.
 
Finishes and fittings in all apartments will include porcelain tiles, high-end laminate wooden flooring, Caesarstone countertops in the kitchens, SMEG stainless steel ovens and hobs, and LED lighting. 
 
There will be basement parking available for residents of Royale on Main, and, because owners will share the already existing entrance off Main Road to Asrin’s offices, high security is offered here. 


 
“We aim to offer owners a secure suburban lifestyle option within Royale on Main. Tokai is a fast-expanding residential area with amenities galore, which makes this an ideal location for those seeking security, luxury and convenience,” said Hassan. 
 
Tokai has always had many offerings for residents to enjoy, such as its numerous hiking, cycling or riding trails, added to the world-class golf courses nearby and the sports facilities in Constantia. There are many well-known, excellent schools in close proximity, some of which are located within a five minute drive from this development. There is, too, easy access to the M3 and M5 highways and many retail centres in close proximity, which ensures this central location is sure to be beneficial to many.
 
“We foresee all age groups or walks of life being able to enjoy living at Royale on Main, from the young professional to young couples with children, or those wanting to downscale while being just a stone’s throw from many conveniences and amenities,” said Hassan. 
 
As in all Asrin developments, he said, attention to detail and an enhanced lifestyle is offered and not just a place in which to live. 
 
Investing in a unit here will almost certainly have gained in value well above inflation, in just the time it takes from now to completion and handover, which is planned for late 2017, said Hassan. 


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK