INTRODUCING FOUNDERS HOUSE STUDIO APARTMENTS
On completion Founders House will comprise 56 sectional title bachelor flats over six floors, with parking available at the adjoining Esplanade Garage. It is anticipated that Founders House will be ready for occupation in June/July 2009, and levies on units are anticipated to be R12.00 per m2. The selling price of the units will range from R240,000 to R300,000 and it is expected that achievable rentals on completion will range from R2100 for the unfurnished units to R2450 for the furnished units. Insatiable demand for rentals in the city, and the provision of Urban Development Zone Tax Benefits means that excellent returns are achieved by inner city investors.
Creating highly desirable living spaces where there were partially empty or derelict buildings previously, has positioned Urbanize as a major contributor to urban renewal in eThekwini. These extremely successful lifestyle developments include the 149 apartment block Baker Street; the gracious 10 storey Acutt House (now part of Ray Hullett Building adjacent to the Playhouse); and The Himalaya, a 107 apartment conversion of the once legendary Himalaya Hotel in Yusuf Dadoo (Grey) Street, currently under construction. The Domain Property Group's core Business is that of property acquisition, management and development across the spectrum.
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