Buyers drawn to contemporary convenience in the heart of Obs

Buyers drawn to contemporary convenience in the heart of Obs

A private residents’ gym is a highlight of this convenient Obs development.

It’s not every apartment block that offers Seattle coffee and a private gym experience, without having to walk outdoors. But at Obs Court, the newly-completed development in vibrant Observatory, residents can enjoy lock-up-and-go convenience with world-class amenities, near to their places of study or work.

Given the significant demand for this kind of living that is close to the city centre but still accessible across market segments, Pam Golding Properties has concluded more than 113 resales of apartments in Obs Court to the value of R150 million.

“The need for low-maintenance accommodation near the CBD and various educational institutions, including the University of Cape Town (UCT), has been underlined by the immense interest in this landmark development,” says Samantha Nel, Pam Golding Properties branch manager for the southern suburbs.

Obs Court, developed by FWJK Developments, was launched in 2016 and the 113 sales concluded by Pam Golding Properties are resales to new buyers.

The nine storey development is proving to be popular with students, academics and young professionals wanting to rent accommodation close to UCT, Groote Schuur Hospital, Black River Park and other academic institutions in the area.

“It is also ideal for those wanting to live close to the city centre in a modern apartment block that offers various amenities on the doorstep,” says Laurie Wener, Pam Golding Properties Senior Executive for Cape Region Developments. “People faced with rising living expenses – including the cost of petrol – are definitely seeing the value of urban living in developments that have secure parking as well as access to public transport routes,’’ she adds.

“Obs Court has ample parking for residents and visitors, including scooter and bicycle bays. Additional lock-up stores are available on the parking level. Biometric access security provides peace-of-mind and residents have access a private gym, as well as a roof-top pool and gas braai area.”

The apartments are priced from R1.272 million for a studio and include one and two bedroom options, with fast fibre-optic Wi-Fi connectivity. Energy-efficient fittings include LED lights, and hot water comes from a central heat pump system that consumes considerably less energy than traditional geysers. The development will be surrounded by landscaped gardens, providing a welcome oasis in this bustling suburb. Obs Court is close to restaurants, parks and shops and is also easily accessible from the N1 and N2.

Rental demand for homes in this modern block is high, and Dexter Leite, Pam Golding Properties rental manager for the Cape, says 18 leases have been concluded in the past month alone.

“We have a dynamic mix of tenants at Obs Court at the moment, including many young professionals and students. There are also middle-aged residents who enjoy the lock-up-and-go convenience that Obs Court affords.”

He says the most popular rental apartments are the studio units, which range in price from R6 500 to R8 000 a month for between 35m2 and 40m2. There is also considerable interest in the one and two-bedroom apartments.

“Pam Golding Property Management Services, in association with Obs Court’s Body Corporate, ensures that the complex is well maintained and remains an attractive option for owners and tenants,” says Mike Morey of Pam Golding Property Management Services.