The University
Residences, Cape Town, S.Africa
A revolutionary development in
Observatory.
Observatory is one of
Cape Town’s oldest and most fascinating suburbs.
Observatory (Obz, as
the locals call it), takes its name from the Royal
Odservatory.
Embracing an eclectic mix of zany shops, restaurants
and pubs that line the Lower Main Road.
Observatory Station is the third stop on the Cape Town
– Simonstown railway line, providing transport to the
revered retail paradise of Cavendish Square in
Claremont, and the warm-water beaches of Muizenberg,
Fishhoek and Simonstown.
Being so close to a number of world-class tertiary
institutions such as the University of Cape Town, the
Groote Schuur Medical School, the Cape Peninsula
University of Technology and the AFDA film school,
it’s not surprising that Observatory has proved a
popular dormitory suburb for students, but is also a
trendy residential area for young professionals,
artists, and musicians.
Arthur Quinton Darryl Croome designed
residential complex consists of 173 studios, one-bed
and two-bed apartments, with prices starting at R574
000.
10-story and 3-story apartment block with garden units. Features include 24-hour security, parking,
laundry, gym, rooftop swimming pool and braai area
with stunning mountain and Cape Town views.
The development is ideally situated just minutes
walk away from the Lower Main Road Obz shopping area
with its vibey nightlife strip of restaurants and
pubs. UCT, CPUT and AFDA campuses are all within 4
kilometres.
Demand for rental accommodation in the area has
been surging, driven by both young professionals and
students, making this an ideal buy-to-let opportunity
in an area that is clearly on the up.
The site is dual zoned for
residential and commercial use, making it perfect for
work-from-home business start-ups!
A recently completed cycle path runs along the
banks of the Liesbeeck River, and forms part of
the Two Rivers Urban Park, Observatory’s popular
‘green lung’. On the park’s northern border is the
nine-hole golf course of the River Club, while on
the other side of the Liesbeeck Parkway are the
Hartleyvale sports facilities, which include
international standard astro-turf hockey fields.
The complex is completely separated with its own
fence and access control (barrier with controlled
access).
I LOVE OBSERVATORY!
Although residents in The Residences will have easy
access to the funkiest part of Observatory and the
myriad facilities and entertainment venues it
provides, The Residences will nevertheless make going out
a tough choice. What with the stunning pool and braai
deck, the gym with mountain views, the coin operated
laundry and high speed wireless internet throughout,
The Factory owners will find their pad being the
destination of choice amongst their friends.
THE INVESTORS RETURN
Recognizing that our average sales price of
R18,000/m2 is a bargain for a new product
in this market, investors have scooped up to 6 units a
piece in a rush to return to the property market. Even
parents of UCT students have seen the financial sense
in buying a solid investment.
CONSTRUCTION
Construction is currently underway on the project and completion and occupation
is planned 2019.
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Nearly 500 truck loads of rubble and ground have
left the site over the last 14 days, leaving only
final cutting and leveling before the site is
fully cleared in preparation for construction to
commence.
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24 hr security includes on-site manager and
access controlled basement parking (included in
unit price)
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Electric fencing on 2.1m high boundary wall
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Pedestrian access strictly controlled
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Integrated high-speed Wi-Fi , DSTv and intercom
access
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CCTV cameras
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Equipped gym, rooftop pool and braai areas,
coin-operated laundry
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Close to Cape Town’s leading tertiary
educational institutions
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Stunning contemporary design by award-winning
Arthur Quinton Darryl Croome Architects
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Energy-efficient green design with
electricity-saving heat pump technology for hot
water
This development has been Sold Out.
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