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Tokai offers new investment opportunity

YOUNGS WAY DOUBLE STOREY STAND ALONE IMAGECape Town’s Tokai is the city’s latest hot ticket thanks to four 500m² plots being released to market – in a suburb where greenfield development land is in short supply.

“Launched by Royal African Projects this month and marketed exclusively by Lew Geffen Sotheby’s International Realty, these four stands not only offer investors a chance to obtain one of the last available plots in Tokai but, as they are being sold as individual freestanding units rather than as part of a cluster development, buyers have the luxury of freedom of choice,” said Herculene Visser, area specialist for Lew Geffen Sotheby’s International Realty. “Investors have the option of purchasing just the land to their own homes or they can buy off-plan and work with Royal Africa Projects’ experienced team to create their dream homes, thereby alleviating the burden of overseeing the construction as well as saving considerable time as all the initial groundwork has already been done.”

Stan Evans, MD of Royal African Projects, said, “It is essential to us that the development of this prime site is not only in harmony with the area but that it is also flexible enough to meet buyers’ individual needs and budgets. To this end, we have created three unique styled designs and allocated a substantial prime cost allowance in the contract to allow buyers to select their own fittings, fixtures and finishes rather than have to choose from a pre-selected range.”

Due for completion in the third quarter of 2017, plots in the new development are priced at R2,5m and off-plan contracts including land are priced at R5,5m, R6,25m or R6,75m (VAT inclusive), depending on the chosen design.

Photo: Four plots in a tranquil location in sought-after Tokai with three unique home designs have just been launched to market. 


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