{"id":580478,"date":"2022-04-26T10:47:31","date_gmt":"2022-04-26T08:47:31","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=580478"},"modified":"2022-04-26T12:55:04","modified_gmt":"2022-04-26T10:55:04","slug":"own-a-luxury-cape-town-apartment-for-just-r1-19-million","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/580478\/own-a-luxury-cape-town-apartment-for-just-r1-19-million\/","title":{"rendered":"Own a luxury Cape Town apartment for just R1.19 million"},"content":{"rendered":"<p>Rawson Developers, the team behind the hugely successful 148-unit The Tokyo development, is offering another opportunity to invest in premium Cape Town inner-city property.<\/p>\n<p>Its new development The Carrington will boast 49 luxurious studio apartments that are priced from just R1.19 million \u2013 an excellent price for such a prime location.<\/p>\n<p>These apartments will be available to purchase from <strong>11 May 2022<\/strong>.<\/p>\n<ul>\n<li><a href=\"https:\/\/thecarrington.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=April%202022\" target=\"_blank\" rel=\"noopener\"><strong>Click here to learn more about The Carrington.<\/strong><\/a><\/li>\n<\/ul>\n<p>\u201cThe 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,\u201d said Rawson Developers director Morne Moller.<\/p>\n<p>The development will incorporate and restore the 1950s elegance of the building\u2019s existing exterior, while the interior will be enhanced with a new layer of modern charm \u2013 complete with DStv and high-speed fibre connectivity.<\/p>\n<p>The Carrington will also boast a ground-floor restaurant, a coffee shop, a 24-hour concierge service, and a selection of resident-only facilities on the rooftop.<\/p>\n<p>These include a covered relaxation garden area, a lifestyle meeting area, a yoga studio, a co-working space, and a sun deck.<\/p>\n<p>The Carrington is then protected by high-tech biometric access control and 24-hour CCTV surveillance.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-580490\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington1.png\" alt=\"\" width=\"640\" height=\"350\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington1.png 640w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington1-300x164.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>Another great feature of The Carrington is that it gives you easy access to Cape Town\u2019s vibrant inner city, as it is less than 2km away from the V&amp;A Waterfront and just a few hundred metres from a plethora of hip bars and restaurants.<\/p>\n<p>This, combined with the Carrington\u2019s luxurious design and extensive amenities, gives buyers the ultimate Cape Town lifestyle at a fraction of the usual price.<\/p>\n<h3 class=\"my-4\">Great investment opportunity<\/h3>\n<p>The Carrington\u2019s <a href=\"https:\/\/sales.thecarrington.co.za\/?utm_source=BusinessTech\" target=\"_blank\" rel=\"noopener\"><strong>interactive price list<\/strong><\/a> has recently gone live to the public meaning interested clients can easily browse the available units with sales info, 3D renders, unit layouts and floor plans of each unit.<\/p>\n<p>Proactive clients can also create a shortlist of their favourite apartments in order to have quick access to them when sales go live on May 11 at 12:00 midday.<\/p>\n<p>The Carrington\u2019s apartments have a projected net return of 7% per annum, and prices will range from R1.19 million to R1.89 million &#8211; making them accessible to both first-time and seasoned investors.<\/p>\n<p>This investment is particularly valuable because the inner-city is one of Cape Town\u2019s fastest-growing precincts.<\/p>\n<p>For example, The Tokyo &#8211; a Rawson development that is 120 metres up the road &#8211; sold over 90% of its 148 units within the first two hours of opening sales.<\/p>\n<p>Additionally, because The Carrington is expected to be completed by March 2023 \u2013 before the UDZ cut-off time \u2013 buyers can write off up to 55% of the purchase price off as a tax deduction over 11 years.<\/p>\n<p>\u201cThe Carrington provides investors with an amazing buy-to-let opportunity that caters perfectly to local residents and travellers alike,\u201d said Moller.<\/p>\n<p>\u201cWe hope that this repurposed beauty will to continue to inject a renewed life force into one of our city\u2019s tourism hotspots.\u201d<\/p>\n<p><a href=\"https:\/\/thecarrington.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=April%202022\" target=\"_blank\" rel=\"noopener\"><strong>Click here to learn more about The Carrington.<\/strong><\/a><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington3.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-580494\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington3.png\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington3.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/04\/The-Carrington3-300x200.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Carrington in Cape Town will boast 49 luxurious studio apartments that are priced from just R1.19 million.<\/p>\n","protected":false},"author":57,"featured_media":580936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[14436],"class_list":["post-580478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-rawson-developers"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/580478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=580478"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/580478\/revisions"}],"predecessor-version":[{"id":580938,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/580478\/revisions\/580938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/580936"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=580478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=580478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=580478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}