The TokyoExclusive Luxury Micro Apartment in Cape Town CBD
R800,000
About
The Tokyo is a 148 unit residential development by highly-acclaimed Rawson Developers, offering hotel-style living apartments in the Cape Town City Centre.
Influenced by Japan’s futuristic Capital, The Tokyo is the perfect blend of luxury and efficient city living. Consider it your zen refuge within the thriving Mother City.
Located on the corner of Longmarket and Loop Street, the development seamlessly combines old and new to produce an upmarket product for property investors, frequent visitors, and residents alike.
Within walking distance lie countless bars, restaurants, and a myriad of boutique retail destinations. It further boasts central access to hotspots like the CBD, Cape Town International Convention Centre, V&A Waterfront, and Table Mountain.
Parking Solutions
The Tokyo apartments are sold without parking. Our research has shown us that a high percentage of tenants these days living in our developments do not require parking and as such we have excluded parking from the building AND THE PRICE – you are therefore not paying for parking that many of occupants will not use anyway.
The building is centrally situated so many occupants will use Uber and similar services to be able to get to wherever they need to go at affordable rates. We have however provided a number of solutions for interested buyers and future tenants including the neighbouring building that has bays for sale and to rent.
Product Features
- 148 apartments over 15 floors
- Luxury studio-apartments from 26m2
- Biometric access control & 24hr CCTV surveillance
- 24hr concierge service
- Ground floor restaurant & cafe
- Fitness Centre
- Rooftop sunset terrace with pool & braais
- Business lounge with wifi
- Optional airconditioning
Apartment Description
- Unit 110
- First Floor
- East facing orientation
- Direction: Devil's Peak
- 26m2 internal plus a 6m2 balcony
- Total Size 32m2
- Installed Fitted Fixtures Included
- Address: 87 Loop Street, Cape Town, South Africa
Reserving your Apartment
- Non-refundable R5000 reservation fee to secure the unit on The Tokyo sales platform
- No transfer duty
Purchasing Process
To secure an apartment Rawson Developers require the following:
- An agreement of sale will then be emailed to you, which you’ll need to sign and return to your assigned agent within 24 hours. (Please note electronic signatures not allowed)
- You as the buyer then have 3-days to pay your deposit of 10% of the purchase price into the conveyancer’s (STBB) trust account.
- The funds held in trust will accrue market-related interest in the favor of you, the purchaser, until the development is transferred in 2023.
- You will need to secure the balance of 90% of the purchase price within 21-days from the date of signature.
- This can either be secured through a bond approval, a bank guarantee or cash.
- Alternatively, we will also accept a 30% deposit with the balance payable 60 days prior to transfer in 2023.
When is the completion date?
- Anticipated completion is May 2023 – this is based on construction commencing on 1 September 2021 and is subject to change.
- The transfer should take place approximately 2 months after completion.
Are short-term rentals / Airbnb bookings permitted?
- Short-term rentals will be allowed. Therefore, units will be able to be marketed on Airbnb and other similar platforms.
What does the security consist of?
- 24-hour concierge service
- 24-hour manned security
- Biometric access controls
- Video intercom to each unit
- CCTV surveillance and on-site monitoring
- The Tokyo is located within the City of Cape Town CID district which is actively patrolled.
Is Air-conditioning available?
- The Tokyo is fitted with air-conditioning infrastructure and each unit can be connected to it on a case by case basis. This will come at an additional cost of R30 000 per unit.
Additional Information & Assistance
To contact an agent click here
For more information visit The Tokyo
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