Sales Are Live!

VIEW PRICE LIST

-25Days -1Hours -26Mins -9Secs

Welcome to The Tokyo

Now Selling!

VIEW PRICE LIST
-25Days -1Hours -26Mins -9Secs
Studio Apartments selling from R950,000 – R1,790,000 
Studio Apartments selling from R950,000 – R1,790,000 
Studio Apartments selling from R950,000 – R1,790,000 

Luxury Apartments
Now Selling

We are excited to announce that the interactive price list is now live. Here you can easily browse the available units with floor plans and 3D renders of each unit. You can now easily reserve your favourite apartments with the click of a button.

VIEW AVAILABLE UNITS

Development
Features

  • 148 apartments over 15 floors
  • Luxury studio-apartments from 26m2 – 51m2
  • Biometric access control & 24hr CCTV surveillance
  • 24hr concierge service
  • Ground floor restaurant & cafe
  • Fitness Centre
  • Rooftop sunset terrace with pool & braais
  • Business lounge with wifi
  • Optional airconditioning
  • Furniture packages available on request
DOWNLOAD BROCHURE

Investment Calculation Example

DOWNLOAD ALL

8th Floor | 35m2 Unit

Sales Price: R1 420 000
10% Deposit:
R142 000
90% Bond: R1 278 000

20 YEAR BOND (7%)
Bond Repayment:
R9 908
Rates, Levies & CID:
R1 753
= Total Monthly Cost: R11 661

ESTIMATED RENTAL INCOME JUNE 2023
Long Term Rental: R10 500
OR
Daily Short Term Rate: R950pn
Income at 33% Occupancy: R10 850

Est. Monthly Shortfall: R881 - R1 161

Centrally Located

WALK

1min
The Poké Co.
The House of Machines

2min
La Parada Bree Street
Burger & Lobster
I Love The Dough
Ideas Cartel Loop Street
City Sightseeing

3min
Clarke’s Bar & Dining
Chefs Warehouse

UBER X (Est. Cost)

R25 CTICC
R27 Mediclinic Cape Town
R31 Cape Town Stadium
R32 Oranjezicht Market
R33 V&A Waterfront
R41 Lions Head Hiking Trail
R48 Table Mountain
R65 Clifton 4th Beach

Parking Solutions

The Tokyo apartments are sold without parking. Our research has shown us that a high percentage of tenants these days living in our developments do not require parking and as such we have excluded parking from the building AND THE PRICE – you are therefore not paying for parking that many of occupants will not use anyway.

The building is centrally situated so many occupants will use Uber and similar services to be able to get to wherever they need to go at affordable rates. We have however provided a number of solutions for interested buyers and future tenants including the neighbouring building that has bays for sale and to rent.

Click on the map numbers to reveal more info

1
Tarquin House
50 bays available
Purchase: R250 000 per bay Rent: R950per month
2
Old Christian Barnard
39m away
www.parket.co.za
Rent: R55 – R75 per day
3
Riebeeck Square Parking Lot
280m away
234 bays available
Rent: Hourly – max R75 per day
4
Wale Street chambers
240m away
13 Bays available
Rent: R1380 per month
5
77 Burg St, Garage
290m away
www.parkme.com
Rent: R1200 per month or hourly

Investors still have access to powerful tax incentives, including the UDZ zone and popular Section 13sex of the Income Tax Act No 58 of 1962.

Located in the Urban Development Zone
The UDZ expiry date has recently been extended by *2 years, and any brand new property that transfers before expiry is eligible for up to 55% Tax deduction from SARS. (Deductible over 11 years)

*Please consult your tax advisor for further info

Section 13Sex
This scheme enables any taxpayer who owns five or more new, residential rental units, to claim up to 55% of the purchase price as a tax deduction. (Deductible over 20 years)

CONTACT AGENT

How it works

  • Purchase five units at R1,2 million each = R6 million
  • Discount = R500 000 (R100 000 per unit)
  • Final purchase price = R5,5 million
  • Deemed purchase price = 55% of final purchase price
5% of the deemed price may be used as a tax deduction (residential building allowance).
This works out to a tax deduction (tax write-off) of R151 250  per year for 20 years.
Total tax write off = R3 025 000 (over 20 years)
CONTACT AGENT

Taxpayer Criteria:

  • The taxpayer must own at least 5 residential units. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
  • All units must be situated in South Africa.
  • Residential units must be new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
  • The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.
CONTACT AGENT

General Enquiries