The CarringtonExclusive Luxury 25m2 Micro Apartment in Cape Town CBD

About

The Carrington is Rawson Developers’ latest premium boutique development in the heart of one of the world’s most-loved city centres.

With only 49 apartments priced from R1,19million, The Carrington is an obvious choice for investors with projected net returns up to 9,7% pa.

Located in a sweet spot precinct of the City Centre, near all the amenities you could ask for including nearby on-trend restaurants, shops, malls and with easy access transport routes, The Carrington is the perfect addition to your property portfolio.

The estimated completion date is January 2023.

“The Carrington promises to be a game-changer in well-priced, conveniently-located, premium apartments with easy access to the amazing amenities and attractions that the cosmopolitan city of Cape Town has to offer,” said Rawson Developers director Morne Moller.

The development will incorporate and restore the 1950s elegance of the building’s existing exterior, while the interior will be enhanced with a new layer of modern charm – complete with DStv and high-speed fibre connectivity.

The Carrington will also boast a ground-floor restaurant, a coffee shop, a 24-hour concierge service, and a selection of resident-only facilities on the rooftop.

These include a covered relaxation garden area, a lifestyle meeting area, a yoga studio, a co-working space, and a sun deck.

The Carrington is then protected by high-tech biometric access control and 24-hour CCTV surveillance.

 Facts & Features

• 49 apartments over 7 floors
• Ground floor lobby, restaurant, coffee shop, and concierge
• Rooftop terrace with co-working space, braai, and entertainment area
• Short term rental friendly
• Guaranteed rentals on select apartments
• Storerooms for the majority of apartments are included in the price
• UDZ & Tax incentives
• A strong platform for property investment
• DSTV & High-speed fibre connectivity

Urban Development Zone

The UDZ expiry date has been extended by 2 years, and any new property that transfers before expiry is eligible for up to 55% Tax deduction from SARS. Deductible over 11 years.

How it works

• Purchase a property for R1,5 million
• Discount = R100 000 (if purchased on launch)
• Final purchase price = R1,4 million
• Up to 55% of this can be claimed as a tax deduction (R770 000) over 11 years
• 20% of the R770 000 (R154 000) can be claimed as a tax deduction in year 1
• 8% of the R770 000 (R61 600) can be claimed as a tax deduction for the following 10 years
• Total tax deduction after 11 years = R770 000

For more information visit The Carrington

Terms & Conditions Apply

• Please note that by clicking through on this property, you confirm that Rawson Developers may get in touch with you directly in order to facilitate the sale
• Renders displayed in our marketing collateral are merely artist’s impressions of the developments and the finished development may vary from the render
• The furniture in certain marketing collateral does not come with the unit. Our units are sold unfurnished unless otherwise stipulated