Marketing of The Iron Works, a trendy new mixed-use development in Upper Woodstock now in full swing
The marketing of The Iron Works, a trendy new mixed-use development in Upper Woodstock is now in full swing according to Seeff agents, Bernice Musikanth from the City Bowl and Craig Algie, a specialist for the Woodstock area. The development comprises of a ground floor retail level, three levels of parking and five levels of residential apartments. It boasts top class 24-hour security that includes CCTV cameras and secure parking. There are a total of 136 trendy one and two-bedroomed apartments that range in size from 50sqm-106sqm and come with fabulous city or mountain views and secure undercover parking, say the agents. Some of the units also have balconies. Prices range from R1.3 million to R2.8 million inclusive of VAT and there is no transfer duty payable. There are also finance packages available from various institutions for qualifying buyers. The units boast stunning finishes such as epoxy floors, designer kitchens with gas cooking facilities and trendy bathrooms. There is also fibre optic and WiFi internet connection. The development lies within the UDZ (urban development zone) with tax incentives for investment buyers. The units are indeed excellent investments according to the agents who note that they should yield very attractive rentals given the desirability of accommodation in the area. Algie also says that the demand for new units in Woodstock is now at almost unprecedented levels and the development is selling quite well. Seeff has already sold about 56 and there are only 35 units still up for grabs. Completion is scheduled for September 2017. The Iron Works is situated on the corner of Main and Ravenscraig Roads and enjoys a very desirable location and fabulous mountain and city views. The complex and location offers a very attractive alternative to the CBC, City Bowl and Atlantic Seaboard, not to mention the ‘cool’ factor, says the agent. It is strategically well positioned for excellent access to the N1 and N2 highways and is on the MyCiti bus route. It is a few minutes’ drive from the University of Cape Town and the Cape University of Technology. You are also right on the doorstep of the CBD and Green Point high streets as well as the Waterfront and many attractions of the Atlantic Seaboard. According to both Musikanth and Algie, the Woodstock area is one of the trendiest and is seen as an excellent up and coming investment area. Property values have grown by 40%-60% over the last few years, says Algie. Woodstock enjoys an interesting appeal with some fine Victorian and red brick architecture, both of which has seen a notable revival of late. Although one of the oldest neighbourhoods, Woodstock is today one of the trendiest areas according to the agents. It has a very artistic village vibe with trendy work and living spaces, mostly old converted buildings and homes. There are many small boutique-styled and artisan shops and also many creative industries and Woodstock has become the new hot spot for décor and other artisan crafts. Contact Seeff City Bowl on 021 423 9146 (Bernice Musikanth, Bryan Ginsburg, Jason Paans and Alan Screen) of Seeff Southern Suburbs on 021 794 5252 (Craig Algie and George Clelland). Visit http://developments.seeff.com/the-iron-works.
