INTRODUCING DESIRABLE
INNER CITY LIVING
The building will comprise of 38 sectional title bachelor flats over six floors, and parking is available at the adjoining Esplanade Garage. The levies are anticipated to be R12.00 per m2 and the selling price of the units will range from R240,000 to R300,000, with expected achievable rentals on completion ranging 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. It is anticipated that Redforde House will be ready for occupation in June/July 2009.
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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