The Atlantic Seaboard’s latest addition comes in the form of a R200 million development, The Braemar, which is estimated to be complete by December 2024, with construction scheduled to start in June this year.
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With 51 apartments, including nine duplex penthouses displaying Italian minimalist architecture, The Braemar, according to the developers, will be the “epitome of sophisticated living.”
Co-founder of Mason Developments, Alistair Capon, told Moneyweb that the development is “named after the street it calls home,” adding that “The Braemar is a smart investment in prime luxury real estate and has everything you as an astute buyer need to lease out or live in.”
The apartments will have a selection of one-bedroom suites or two-bedroom, two-bathroom apartments available on the first three floors. The top two floors will feature two and three-bedroom duplex penthouses, as well as a duplex penthouse on the fourth and fifth floors with views of the city, Table Mountain, and Signal Hill.
The upmarket establishment will have 24-hour security, a concierge service and facial biometric access control.
Buyers can expect to pay
- R2.12 million toR3.22 million for one-bedroom units ranging from 37m2 to 51m2
- R3.57 million to R5.57 million for two-bedroom units ranging from 67m2 to 100m2
- R6.62 million to R8.32 million per unit for a duplex penthouse, on the fourth and fifth floor
The Braemar comes with a backup power unit when loadshedding kicks in and homeowners can choose to have the unit integrated into their homes at a cost.
Electric vehicle charging stations can also be included at an additional cost of R75,000.
Picture: Gallo Getty