The Spectrum, a new micro-apartment development near the heart of Cape Town, has recently launched.
On offer are micro, studio, and 1- and 2-bedroom apartments, starting at R595 000. It’s located just off Nelson Mandela Boulevard, on the southern side of Salt River Park.
This is the latest micro-living offering amid the rapidly growing sector. Common themes throughout are small-scale living, furniture packs, and featured technology. Long- and short-term rental management is another key quality.
The concept is centred around affordability without compromising on lifestyle quality. The units face north, with Table Mountain in the background and Table Bay ahead. Its central location makes it easy to get to the CBD, the Southern Suburbs, the N2 toward Cape Town International Airport, and the N1 north and south, which are just a few minutes away.
Nearby attractions:
- UCT
- Groote Schuur Hospital
- The River Club
- Devil’s Peak Brewery
- Old Biscuit Mill
- AFDA Film School
- Red & Yellow
- International Hotel School
- Cape Audio College
The Spectrum is designed by TwoFiveFive Architects and will feature 306 units across ten floors.
Key features:
- Cleverly designed apartments to maximise space
- Co-working space
- Back-up generator
- Onsite coffee bar
- Onsite gym
- Raised pool with picturesque mountain and harbour view
- 24/7 security and access control
- Pet-friendly
- High-speed fibre connectivity
- Onsite parking and storage facilities
- Electric Vehicle (EV) charging station
- NFT integration
NFT integration?
NFTs are unique tokens that are issued on a blockchain. Blockchains are immutable, digital ledgers that record and track transactions within a network.
This underlying blockchain technology allows NFTs to act as digital receipts that supply proof of ownership for a virtual (or physical) item.
Real estate transactions recorded on the blockchain could mean that:
- Intermediaries, like the deeds office, become irrelevant.
- Property investing becomes more affordable through fractionalisation.
- The process of buying and selling property is faster and requires little admin.
How it works:
- Reserve your apartment online on The Spectrum website.
- Receive your sale agreement for the relevant apartment from the sales team.
- Sign and fulfil the relevant requirements specified in your signed sale agreement (Eg. deposit, bond approval and/or provide the relevant guarantees).
- The Spectrum sales team will then send you your unique NFT for the apartment you have purchased close to the development’s completion date.
- You can use the NFT for ongoing benefits and uses within The Spectrum development upon completion.
What you’re getting:
Micro apartments:
- From R595 000
- Total unit size: 17m2 – 20m2
- 1 bathroom
Studio apartments:
- From R765 000
- Total unit size: 23m2 – 27m2
- 1 bathroom
One-bed apartments:
- From R895 000
- Total unit size: 30m2
- 1 bathroom
Two-bed apartments:
- From R1 395 000
- Total unit size: 49m2
- 1 bathroom
Also read:
Fancy a futuristic, fully furnished Sea Point micro-apartment?
Picture: thespectrum.co.za