8 Hans Strijdom Avenue, Cape Town

View it on Google Maps: https://maps.app.goo.gl/kt7NG3YVASFDxQmj9

The estimated start date is October 2024 and the estimated completion date is in Q1/2 2026.

11-storey building comprising 86 apartments available for sale.

Floors 1-7: Retained by the developer.
Floors 8-10: Aparthotel suites, Studios, 1 beds and 2 beds.
Floor 11: Two 2-bedroom penthouses.

Apartments come with standard finishes.
Two colour themes will be available to choose from (Download options).
Furniture packs will be available at an extra cost (Download options).
Upgrade Pack will be available at an extra cost (Download here).

An Upgrade pack is available including the following:

• Integrated Refrigerator
• Integrated Dishwasher 
• Joinery Elements 
• Air-conditioning 
• Double Glazing

Furniture packs are available.
A guest-ready pack is also available that will ensure a unit is rental-ready.

• Indoor heated pool and spa pool
• Cold plunge
• State-of-the-art gym
• Sauna & steam room
• Bar
• Lounge
• Communal workspaces
• Meeting rooms
• Smart access control with biometric and facial recognition
• 24-hour on-site security & concierge

Amenities in the building will be accessible by all residents/tenants of the building

Each unit will have individual electricity and hot & cold water meters.

• Smart access control with biometric and facial recognition
• 24-hour on-site security

Parking bays are not available for purchase but there are secure rental options available in very close proximity to the building. Uber and MyCiti are also available, with a MyCiti station right outside the entrance of the building. Please see below:

Alternative transport methods:

With the increased development of residential projects in Cape Town, we have found that a significant number of tenants’ properties do not need parking spaces. Consequently, we’ve removed parking from both the building and the overall price, so you’re not paying for something that many residents won’t use. With the building’s central location, most tenants are likely to rely on affordable transportation options like Uber and MyCiti to reach their destinations.

UBER X (estimated costs)
R47 – CTICC
R47 – Christiaan Barnard Memorial Hospital
R50 – Cape Town Stadium
R50 – Oranjezicht Market
R48 – V&A Waterfront
R90 – Lions Head Hiking Trail
R100 – Table Mountain Aerial Cableway
R130 – Clifton 4th Beach
R230 – Cape Town International Airport

Additional rental options:

SARS (neighbouring building)

22 Hans Strijdom Ave, Cape Town, 8001
30 bays available
Rent: R1500 per month including VAT

CIRCA (neighbouring building)

14 Jetty Street, Cape Town, 8001
4 bays available
Rent: R1600 per month including VAT

There are no storerooms available

Air Conditioning is available as part of an Upgrade pack. 

Furniture packs are available as an optional extra.

• The building does not experience power outages/loadshedding due to being on Christiaan Barnard Hospital’s grid
• No inverters therefore being offered as part of the upgrade pack

Short-term rentals are permitted at Charlie and the Chairman.

Propr is our preferred short-term management provider and has prepared an STL solution. Buyers are not required to make use of Propr for their short-term letting services but it is highly recommended. 

Guest-ready hospitality packs are available at an additional cost and when purchased in conjunction with a furniture pack, making your unit ready to be tenanted immediately.

• Heat Pump Water Heating System
• SANS 10400XA compliant

High-speed fibre connectivity ensures residents have super-fast internet in their apartments. This will be for the owner/residents account and the appointed ISP (Internet Service Provider) will need to be contacted to open/activate individual accounts.

Common Wi-Fi to the reception, residents amenities and facilities will be available 

• Common areas will receive common Wi-Fi – accessible by owners and tenants.

Multiple elevators available. Separate lifts for floors 1-7 (rental floors) and floors 8-11 (sales floors).

Pets are allowed as per the BC rules.

Yes. Propr has been appointed by Quorum to prepare a short-term rental proposal for the building though and it is recommended that buyers make use of their services. Buyers are however free to rent their units as preferred, with no restrictions in place apart from the Body Corporate- and Management Rules.

Yes, there is however a furniture pack and guest-ready pack available but it is not required for either of these packs to be purchased to make use of Propr’s services. There will be a list of requirements that the unit needs to adhere to to be rented out by Propr. Please refer to the STL pack prepared by Propr – download here. 

Yes

Yes

The Rental Scheme on floors 1-7 is held by the Developer and buyers in the scheme will not be able to join this Scheme.

Buyers are however free to rent their units as preferred, with no restrictions in place apart from the Body Corporate- and Management Rules. 

Floors 1 – 7 will be focused on long-term rentals. 

There will be no interference with the short-term letting of the sales scheme units (floors 8-11).

The Rental Scheme is being managed by Quorum Property Management (Developer). Quorum Property Management has 10-year experience in the long-term rental field. Strict tenant management will be in place.

There is no offer to join the rental scheme but buyers can choose to Short Term Let/Long Term let their units as they wish. 

• Applicable to the select Aparthotel suites on the 8th, 9th and 10th floors.
• The guaranteed rental is for the first 12 months from the date that transfer takes place.
• This would coincide with when your bond repayments would begin.
• The guaranteed rental does not apply should you wish to live in the apartment, only if you give Quorum
• Holdings a sole mandate to rent out your property on your behalf.
• The bond costs are based on the current prime lending rate (11,75%) at the date of posting (18 September 2024).

• Sales launch online at 1pm on Wednesday,2 October 2024 via the interactive price list: https://sales.charlieandthechairman.co.za/ 
• Ahead of the sales launch you will be able to view and browse all the available units by visiting the user-friendly interactive price list.
• Here you can easily browse the available units and use the filters and sort function to narrow down your search.
• On each unit the layout, all costs and expected rentals are shown.
• Once sales go live you can reserve your preferred unit/s.

Your shortlist acts as a wish list of units that you have quick access to ahead of and on the launch day. Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the Shortlist when sales go live.

To unlock your discount, simply click the green discount button below the price on any unit and follow the prompts to complete your Buyer Profile & unlock the discount on all units. Once completed, the discounted price will show on the price list.

Terms & Conditions apply.

All reservations will happen online via the interactive price list.

The below list outlines the steps you’ll need to be familiar with in order to have the best chance of securing the unit you want to purchase.

1. Register and log in to sales.charlieandthechairman.co.za
2. Once the countdown reaches zero and sales go live at 1pm, you will be able to Click the RESERVE button on your selected unit to start the process.
3. Make sure to be quick as others may also be interested in the same unit.
4. Complete the form and accept the terms: Click CONTINUE
5. Your reservation will now move to the pending state where you will have 10 minutes to finalise the reservation.
6. You will then pay your R10,000 reservation fee via the following methods:
   • Visa or Mastercard
   • Instant EFT via OZOW
   • Masterpass
   • Snapscan
7. Once the R10,000 fee is concluded, your unit will be reserved!*
8. You will then receive an email from our team confirming your reservation.

Next steps:

• The Agreement of Sale will be sent to you via email, this will need to be signed and returned to us within 3 business days.
• The full deposit required is 10% of the purchase price within 7 days from the signature date. The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
• The balance (90%) will need to be secured within 21 days from the signature date by either a bond approval, bank guarantee, or cash.
• Alternatively, we will also accept a 30% non-refundable deposit with the balance payable 60 days prior to the transfer.

• R100 000 launch day discount
• Best selection of units
• Limited number of units being released by the developer
• Rare opportunity to own in Cape Town’s Foreshore, a prime location and with proximity to key amenities and tourist attractions.

The developers have made 86 apartments available on floors 8 – 11 for sale to the public and will retain the balance of the apartments for a managed rental scheme on floors 1 – 7.

Financed deals

1. Minimum 10% deposit with the balance in the form of a bond approval
   • Deposit to be paid within 3 days from receiving a signed agreement of sale.
   • The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
   • The balance (90%) will need to be secured within 21 days with bond approval

Cash deals

• 30% non-refundable deposit with the balance payable to the transferring attorneys 60 calendar days from written request by the Conveyancer.
  
• The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.

Yes, the deal is subject to your bond being approved and should it not be approved the deposit is paid back to you with interest. If you are unsure if you can afford the bond it is a good idea to get pre-qualified prior to the launch as the R10,000 reservation fee is not refundable.

Bond repayments will only commence after the development has been completed and once the transfer of the apartment you have purchased, has taken place.

Bond costs are payable at the time that the bond registers, once the development is complete.

The Seller is registered for VAT so there will be no transfer duty but transfer costs (attorney fees) will be payable.

On a purchase price of R2,299 million, the transfer costs will be R40 142*

To calculate the transfer costs you can click on the below link: https://www.betterbond.co.za/calculators/bond-and-transfer/

NB: Please select yes when it asks if the seller is registered for VAT.

*Please note these are subject to change

Levies are determined in terms of sectional title and exclusive use area of the apartments, parking and storeroom levies are calculated at a standard rate to be determined.

They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building, building insurance and all running costs and management costs and insurance of the building.

Monthly rates are based on the value of the property and are calculated based on the value of the property and then multiplied by 0.006344 to get your yearly rates. Divide this by 12 to get your monthly rates.

Example:

(R2,299 million property)
R2,299,000 x 0.006344 = R14 584 per annum
This equates to R1 215 per month

No hidden costs. VAT inclusive, no transfer duty. Rates, taxes and CID will apply.

The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (transfer takes place).

The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable but these costs are largely offset by the interest that you earn on your deposit during the construction period.

After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is granted. You will be able to occupy or rent out your apartment from the date of occupation.

1. Cape Town sees an average annual capital growth of 7%, so your property value is growing at roughly 7% pa but you are only required to put down 10% of the development value.
2. This means you are getting growth on the full purchase price of the property and only have to put down a fraction of the price.
3. Your tenant is largely paying off your investment property & bond for you.
4. Your rental income increases every year but bond repayments generally stay the same and in relation to yearly salary and incomes inflating, the bond repayments become relatively cheaper every year.
5. There is high demand for secure luxury property in Cape Town’s City Centre and Atlantic Seaboard, resulting in a secure long-term investment.
6. The longer it takes to enter the property market the harder it becomes.
7. Property investment is likely to create long-term sustainable wealth and an ever-increasing annuity income.

Investors have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new, residential rental units (do not all have to be from the same development), to claim up to 55% of the purchase price as a tax deduction.

Example:

• Purchase five units at a total purchase price of R10 000 000
• Minus the launch discount = R500 000 (R100 000 per unit, if purchased on launch)
• Final purchase price = R9 500 000
• Deemed purchase price = R5 225 000 (55% of final purchase price)
• 5% of the deemed price may be used as a tax deduction per year

This works out to a tax deduction (tax write-off) of R261 250 per year for 20 years.

Total tax write-off = R5 225 000 (over 20 years)

• The taxpayer must own at least 5 residential units. The deal kicks in once the buyer takes ownership of their 5th new unit. 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 have been purchased 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.
• Please consult your tax advisor for further clarification and information.