Rental market shows a keen interest in new Woodstock complex

Rental market shows a keen interest in new Woodstock complex

The recently-completed Woodstock Quarter in Woodstock, Cape Town, where apartments are to let from R7 800 to R15 000 a month.

While the final touches to the Woodstock Quarter building are being made, rentals are pouring in as the market shows a keen interest, according to the rental manager at Swish Property Group, developer of new complex.

Construction of the nine storey residential building with 386 units was completed earlier this year and rentals were opened to an already waiting tenant market on March 1. The rental manager reports an eager demand within the first few weeks of availability.

The property is in the redevelopment zone of Sir Lowry Road in Woodstock, 2 km from the Cape Town CBD and within cycling distance of most major Cape Town nodes. External and internal design were given emphasis as the development team focused on special planning and aesthetics, says Craig Getz, who heads up sales and marketing at Swish Property Group.

“We really paid a lot of attention to the design element. The heritage-inspired façade, finishes like stone counter tops and USB ports throughout add that little extra and the market is noticing.”

The property consists of studios, one-bedroom and two-bedroom apartments and amenities include a fitness centre, a rooftop bar with 360° views of Cape Town CBD and Table Mountain, three swimming pools, a lounge and a communal deck. Each unit has an oven and hob, DSTV connectivity as well as data and communication connectivity. Units with parking bays and storage units are a popular option.

“It’s designed to be a work-play-live development that provides 24/7 security, a vibrant community and a variety of food and lifestyle options,” says Getz.

Rental prices range from R7 800 a month for studios to R15 000 for the two-bedroom units. Units include parking, appliances, DSTV installation and data and communications enablement.

The ground floor and mezzanine will consist of retail space with restaurants and bars, shops and convenience stores, with key tenants already lined up.