EDGE Stellenbosch, launched by developer, SPC recently broke ground for phase one.
The development will form part of the innovative Dennesig Precinct, the biggest concentrated development in the history of Stellenbosch, which will be redesigned to resemble St George’s Mall in Cape Town CBD with traffic orientated development (TOD) and a focus on non-motorised transport (NMT).
The multi-billion Rand redevelopment, in conjunction with the University of Stellenbosch, will also result in a recalibration of property prices in this hub.
“We estimate that the construction of the Edge will be completed by end January 2023. We have sold more than 56% of the units to date and have seen an increase in interest in the last couple of weeks”, comments Denis Dunn, owner, and principal of Harcourts Dunn, who says that most of the interest has come from investors: “It is an extremely profitable investment opportunity as there is no shortfall from day one. It offers high capital growth and with the high rental demand, offers investors peace of mind.”
Once completed, EDGE Stellenbosch will offer 63 ergonomically designed apartments, ranging from studio (32m²) to two-bedrooms (45 to 59m²). Each unit will offer a well-defined sleep, open-plan lounge area with a desk as a work-from-home or study option, as well as a balcony and storage space. SMEG appliances will come standard with each unit.
A socialising zone on the rooftop will offer spectacular views and braai facilities. The latest secure biometric access control and 24hr CCTV will ensure residents’ safety at all times. The area and walking routes to the central business district and campus will also be monitored. High speed Wi-Fi is included, as well as a management team to ensure a safe and well-managed development. A shuttle service from Dennesig to town centre and campus will begin in 2023.
“EDGE is a high-end, well researched and sophisticated development. It is the perfect time to invest as EDGE offers a low-risk investment opportunity. The Dennesig Precinct aims to accommodate 3 000 residents within the next four years. With a twelve-month rental assist and selling from only R1 561 000 (including transfer costs), we believe it’s a winner. EDGE will become the place to live, offering investors a secure investment opportunity,” Dunn concludes.