Real Estate Investor February 2022 | Page 18

COVER STORY PROFILE
Focused Renovations The three apartment blocks are next to one another and situated next to the renovated SARS offices . With joined offstreet parking access behind the buildings , the site offers a perfect location to echo the revamping process currently underway in Bloemfontein .
“ Existing shared- rooming , student accommodation and new builds are extremely small . These apartment blocks feature large rooms that can be utilised to create a nice atmosphere for young professionals as well as students ,” says Moggee . “ As part of the product , the apartments are offered as furnished and also comply with specifications received from the tertiary institutions , each apartment has to feature breakout and recreational areas and provide a unique onsite living experience . This fits the mixed-use zoning and character of the blocks perfectly as minimal to no configuration changes are required .”
To this end , Dimatone examined how best to optimise the 78 apartments to reflect modern furnishings and shared living that fits the commercial tenants on the ground floor . The bulk of the project has consisted of internal renovations and fit outs , ripping out the old carpets and restoring the original parkay flooring to its former glory .
Each apartment will be fully furnished , including a fridge , microwave , stove , beds , desks for studying purposes , and even storage spaces for books . There will also be uncapped Wi-Fi throughout the buildings , so tenants would just need to bring their bedding and clothes and move in .
“ There will be a combination of bachelor / one-bedroom flats , two- and three-bedroom apartments . We are also in the process of establishing several recreational areas for residents that will feature televisions , a pool table and table
14 FEB 2022 SA Real Estate Investor Magazine