»
Jun 25, 2008:
Cape Town is poised to follow international trends set in cities like London where the underground forms the backbone of the public transport infrastructure.
It was with this thought in mind that Salt River Junction, which is due for completion in November 2009, was recently launched in close proximity to the Salt River station in Cape Town.
According to property developer Edward Black of Urbode, the development was conceived with the vision of complimenting the trend towards increased infrastructural developments in the area, especially The Department of Transport's recently announced substantial investment into the recapitalisation of South Africa's commuter train fleet. The replacement of the local Metrorail carriages will take place ahead of the 2010 World Cup and improved security and ticketing systems at stations can be expected at the same time.
The Salt River and Woodstock suburbs are undergoing massive regeneration with the emergence of various high value developments, including the R1bn Black River Park office park, The Lion Match Factory and the Old Biscuit Mill. The restoration of a myriad of different Victorian buildings and rehabilitation of the local park are transforming the suburb into an urban conservation area.
"In keeping within the realm of these fast growing trends in the area, the Salt River Junction development will form a valuable investment for buyers with an anticipated return of 8%. With the unit prices being 20% to 30% less than other developments, recently sold out in the area, our competitive pricing strategy positions Salt River Junction perfectly in making the units affordable for first time buyers who now cannot afford to purchase property in the City Centre whilst still desiring a central location.
"The redevelopment initiatives are ultimately extending the inner city environment to other peripheral areas of Cape Town, making it exceptionally attractive and viable to this market," says Louise Maranz from Vered Estates.
Located on the boarder of Salt River and Observatory, Salt River Junction is almost equidistant from the City Centre, Claremont CBD and Century City.
"Occupants have the choice and flexibility to furnish their individual apartments according to their preferred colour schemes."
Maranz adds that the spatial design alongside other elements of the development will be ergonomically engineered so as to economise the use of energy needed to heat the surrounding interior space and provide natural light to common areas. In an attempt to safeguard against energy wastage, instant hot water heaters will be installed, which have proven to be 15% to 30% more energy efficient than geysers.
Two entertainment decks located on the third floor will be perfectly positioned for the enjoyment of these spectacular views. Security is now of paramount importance to residents and Salt River Junction will offer a sophisticated bio-metric access control system and 24 hour guarding. Secure basement parking will also be available for the majority of the units.
The development comprises 100 units, made up of studio (30sq m), one bedroom (45sq m) and two bedroom (60sq m) apartments. Unit prices start from R379,500.
For more information contact Louise Maranz on 082 568 8732 or send an email.
