Due to high demand for luxury apartments in the Tokai area, Asrin Property Developers will be building an upmarket lifestyle sectional title apartment complex on land they own adjacent to their offices on Main Road.
To be called Royale on Main, the complex will have 24 units on five floors with a swimming pool and outdoor lounge facilities on the rooftop.
“Asrin originally intended to develop office space on the land but residential development instead seemed to make more sense – due to the lack of supply within this price band. The only properties for sale tend to be single residential homes averaging R3 million and above, and the last sectional title sale occurred some 18 months ago, which was sold within 14 days of the said listing”, said Shiraaz Hassan, commercial director for Asrin.
Apartments will range from 72m2 to 79m2 in size, which includes large balcony areas from which to take in views of the Constantiaberg range, and from R1,699 million to R1,999 million in price.
Finishes and fittings in all apartments will include porcelain tiles, high-end laminate wooden flooring, Caesarstone counter tops in the kitchens, SMEG stainless steel ovens and hobs, and LED lighting.
There will be basement parking available for residents of Royale on Main, and, because owners will share the already existing entrance off Main Road to Asrin’s offices, high security is offered here.
“We aim to offer owners a secure suburban lifestyle option within Royale on Main. Tokai is a fast-expanding residential area with amenities galore, which makes this an ideal location for those seeking security, luxury and convenience,” said Hassan.
Tokai has always had many offerings for residents to enjoy, such as its numerous hiking, cycling or riding trails, added to the world-class golf courses nearby and the sports facilities in Constantia. There are many well-known, excellent schools in close proximity, some of which are located within a five minute drive from this development. There is, too, easy access to the M3 and M5 highways and many retail centres in close proximity, which ensures this central location is sure to be beneficial to many.
“We foresee all age groups or walks of life being able to enjoy living at Royale on Main, from the young professional to young couples with children, or those wanting to downscale while being just a stone’s throw from many conveniences and amenities,” said Hassan.
As in all Asrin developments, he said, attention to detail and an enhanced lifestyle is offered and not just a place in which to live.
“Investing in a unit here will almost certainly have gained in value well above inflation, in just the time it takes from now to completion and handover, which is planned for late 2017”, said Hassan.