The Carrington – The Cape Town property – Sold in 7 mins
Highly-acclaimed Rawson Developers are back with some exciting news for investors in the Cape Town property market. Having successfully launched The Tokyo, a 148-unit development in March 2021, the new release arrives just 120 meters up this trendy road.
The Carrington will be their second City Centre endeavour in the last 12 months. Their previous track record boasts renowned developments such as The Tokyo, Newlands Peak, Rondebosch Oval, The Winchester, and The Premier.
Last year, The Tokyo famously sold over 130 apartments on the first day, proving the move to the Cape Town City Centre was well-timed and justified for this predominantly southern suburbs developer.
When asked about their goals for The Carrington, Morne Moller, Director at Rawson Developers was confident about the team’s City Centre ambitions.
“The Carrington promises to be a game-changer in well-priced, conveniently located, premium apartments with easy access to the amazing amenities and attractions that the cosmopolitan city of Cape Town has to offer.”
The Carrington, delightfully repurposes and celebrates the rich and varied heritage of the existing building and its immediate surroundings. The 1950’s elegance of the facades and interior will be restored and enhanced with a fresh layer of charm and authentic style through cutting-edge best practices. The result is the magic and character of a 370-year-old city, combined with on-point 21st-century design and lifestyle features.
Nestled between the vibrant streets of Long and Bree. The Carrington is located in a sweet spot part of the City Centre, on the buzzing Loop Street. The area itself is a hotspot for dining, entertainment, shopping and sightseeing – with both locals and tourists enjoying the energetic city streets. As we emerge from the impact of the pandemic, there is a renewed energy in the city and there’s no doubt that the area will welcome this new addition.
The Carrington consists of 49 luxury boutique studio apartments, a ground-floor restaurant and coffee shop, 24-hour concierge service, and a rooftop hosting a multitude of resident-only facilities.
“The Carrington provides investors with an amazing buy-to-let opportunity that caters perfectly to local residents and travellers alike. We hope that this repurposed beauty will continue to inject a renewed life force into one of our city’s tourism hotspots. With the expected completion date set for March 2023, before the UDZ cut-off time, investors would also be able to benefit from lucrative tax incentives.”
With prices ranging from R1,190 000 to R1 890 000, this could be the perfect opportunity for both seasoned and first-time investors. What’s more, is that early investors can benefit from an R100 000 launch discount should they secure their apartment during the launch period.
The Carrington fast facts:
- 112 Loop Street, Cape Town
- Sales launch online at 12pm on May 11, 2022
- Expected completion is set for January 2023
- 49 apartments over 7 floors
- Ground floor lobby, restaurant, coffee shop, and concierge
- Rooftop terrace with co-working space, braai and entertainment area
- Guaranteed rentals on select apartments
- Storerooms for majority of apartments
- UDZ & 13Sex tax incentives
- A strong platform for property investment
- DSTV and High-speed fibre connectivity
The Carrington’s interactive price list has recently gone live to the public meaning interested clients can easily browse and shortlist the available units with sales info, 3D renders, unit layouts and floor plans of each unit.
Since launching the marketing campaign, the developers have received an extremely high interest for apartments at The Carrington and therefore urge interested clients to shortlist between 3 – 5 units in order to increase the chance of reserving their preferred unit on launch day at 12:00 midday on Wednesday, 11 May 2022. DM