Estate Living Magazine Investment - Issue 34 October 2018 - Page 30
top-of-the-line security including biometric access control, 24- and also be able to benefit from the tax savings that being located in
hour security, electric fencing, CCTV cameras, etc., and also fibre the Urban Development Zone offers,’ he says.
connectivity in all our buildings,’ he adds.
A minimum of one parking space is available per unit at all Rawson
Morgan anticipates a robust value growth in Rawson Developers’s Developers’s properties, even though the Uber movement continues
offerings over the next few years. ‘Obs is close to UCT and Groote to gain traction in Cape Town. ‘The Uber trend is strong, and in five to
Schuur Hospital, and not far from the CBD and the Waterfront. There 10 years, the picture will look quite different, so transport costs may
is not a lot of available land left in the Southern Suburbs. Ultimately, come down. We are not quite there yet,’ he adds, ‘so for now we need
over time many of the run-down buildings between the CBD and Obs to provide parking.’
will be developed or refurbished to cater for the additional demand
for accommodation near the CBD.’
Rawson Developers has a few other popular developments in Cape
Town, including Eighty-Two on Harfield and Three Fountains in
Rawson Developers is busy with the constuction of The Winchester, Kenilworth; The Premier, The Rondebosch, Rondebosch Oaks and
also in Observatory. It was launched in February last year, with units the recently launched Rondebosch Oval in Rondebosch; and The
priced from R1.5 million. ‘We saw the beginning of the slower Beaumont, near Cavendish Square.
capital growth in Cape Town at the time. But still, we sold those units www.rawson-developers.co.za
quickly. So the capital growth in Cape Town may have tapered off, Helen Grange
but the market is not weak, and investors should see good returns,