Upmarket apartment development, The Docklands, is preparing to open its doors in August, having been under construction since late 2016.
The development, designed by FWJK Developments, is situated in the highly desired Prestwich Street in De Waterkant, Cape Town, and boasts an “edgy architectural style” and luxury interiors.
According to Dave Williams-Jones, CEO of FWJK Developments, The Docklands offers residents the must-haves for modern daily living including high speed, fibre optic internet, secure undercover parking and 24/7 manned security with access control and a white glove concierge.
The development is one of FWJK’s projects under construction in Cape Town totalling R1.8 billion.
Aside from luxury interior finishes, the apartment block also comes with other ‘premium’ draws, like a top pool deck and entertainment area with 360-degree views of Cape Town, the mountains and the ocean.
Apartments are priced from R2.85 million for a one-bedroom unit, to R9.4 million for a penthouse suite.
Cape Town is known for being one of the hottest – but also the most expensive – property markets in South Africa, where foreign and local buyers, alike, shrug off high-cost purchases like a R1 million parking space.
According to Jayson Sprawson of Tyson Properties Cape Town, while there are a variety of apartments in a number of Cape Town CBD and Foreshore developments currently under construction or about to be released on to the market, there is very little stock available in the De Waterkant neighbourhood, which has created a lot of demand.
He said the area is popular among “semigrating South Africans” as well as straight forward investors looking for good returns.