Highly-acclaimed Rawson Developers are well-known for their innovation in the property arena and have captained a comprehensive collection of residential developments.
The Tokyo however, will be their first City Centre endeavour throughout their 25 years of operation. Their previous track record boasts renowned suburban developments such as Newlands Peak, The Winchester, The Westwood and The Premier.
Last year, Newlands Peak famously sold over 100 apartments on the first day, despite unfavourable market conditions resulting from hard lockdown.
When asked about their goals for The Tokyo, Brad Morgan, Head of Marketing at Rawson Developers was confident about the team’s big-picture ambitions.
“Our overarching aim is to not only create buildings that enhance an area and boost its potential but ones that also provide buyers with sound investment opportunities. Loop Street will be our first City Centre development, and we are keenly enthusiastic about the opportunity to offer an extra promise of investment and interest to the area.”
Loop is a popular street, nestled between the equally vibrant streets of Long and Bree. The area itself is a hotspot for dining, entertainment, shopping and sightseeing – with both locals and tourists flocking daily to enjoy the buzzing city streets. And with tourism deeply impacted by the pandemic, there’s no doubt that the area will welcome a fresh architectural attraction along with its burst of renewed energy.
The Tokyo will boast 15 floors of luxury studio-apartments and a ground-floor restaurant and coffee shop, 24-hour concierge service, business lounge, and state-of-the-art fitness centre.
“The Tokyo offers luxury lock-up-and-go apartments that will attract urbanites and travellers alike, and our biggest hope is to inject a renewed life force into one of our city’s tourism hotspots. Increased foot traffic in the area will hopefully in turn also provide more clientele for local dining and retail establishments that have all felt the undeniable aftermath of a quiet lockdown period. With the expected completion date set for May 2023, there is also a strong belief that the tourism industry should have recovered by then and with that, will come an influx of potential tenants.”
With prices ranging from R950 000 to R1 790 000 and the interest rate being at a 50 year low, this could be the perfect opportunity for both seasoned and first-time investors. What’s more, is that early investors can benefit from an R100 000 launch discount should they secure their apartment during the launch period.
The Tokyo fast facts:
– Sales launch online on March 16, 2021
– Expected completion set for May 2023
– 148 apartments over 15 floors
– Ground floor lobby, restaurant, coffee shop, and concierge
– Fitness centre
– Rooftop entertainment terrace with swimming pool
– Guaranteed rentals on select apartments
– A strong platform for property investment
– DSTV and High-speed fibre connectivity