Frequently asked questions.
Can’t find what you’re looking for in the list below?
Contact us at sales@blok.co.za or +27661861658
or click here to fill out a contact form.
DEVELOPMENT INFORMATION
Where will TWENTY2ONW be located?
What are TWENTY2ONW’s main features?
- Apartments have uninterrupted Wi-Fi and lighting, with loadshedding-free communal areas.
- Communal pool and garden deck with spectacular views of Lion’s Head, Table Mountain and ocean.
- Ocean and mountain views from fifth floor apartments an up.
- Sought-after garden apartments.
- Comprehensive, smart design with space-saving apartment joinery.
- Understated simplicity designed to maximise the building’s space and natural light.
- Tranquil garden located on the fifth floor.
- A seamlessly integrated oven and hob in every apartment.
- 24-hour security and concierge.
- On-site ground floor retail amenities.
- On-site laundry facilities.
- Pet-friendly.
- Fibre-ready.
- Facilities for short-term letting agency staff.
What is TWENTYON2ONW’s estimated completion date?
What apartment types are on offer?
Do you have an indication of apartment pricing?
- Micro apartments start from R1 750 000
- Studio apartments start from R2 225 000
- One-bedroom apartments start from R2 950 000
- Two-bedroom apartments start from R5 250 000
- One Three-bedroom apartment for R14 995 000
Is there parking available?
Secure, underground parking bays are available to purchase for R375 000
Do you offer apartment customisation?
Owners can customise their homes by choosing from a list of add-on options, such as air-conditioning, extra water points, feature walls, additional cabinetry, oven extractors, and pendant lighting.
Will the building have security and a concierge service?
TWENTY2ONW will have around-the-clock security. A concierge service, managed by our in-house short-term letting agency, including a dedicated Building Manager, is available to assist all BlokStay managed apartments.
Is TWENTY2ONW pet-friendly?
Absolutely, yes. Woof!
Do you have furniture packs available?
Homeowners can choose from a variety of furniture packages – featuring everything from furniture to essential appliances and décor. Our furniture packs, crafted in partnership with leading industry professionals, cater to both short-term letting and long-term occupation needs.
FINANCE & PURCHASING INFORMATION
What financing options do you allow?
TWENTY2ONW offers two purchasing options.
- For a cash deal, a 30% deposit is required upon signing the Offer to Purchase (OTP). This is held in our attorney’s trust account and will accrue interest for your benefit until the building is completed.
- You can use a combination of a bond and cash – 10% deposit and 90% bond which needs approval in 30 days post signing your OTP.
How do I go about bond registration and bond pre-approval?
Get pre-approved for a bond through our bond originator partner, Ooba, by clicking here.
Do bond registration fees apply?
Yes. You will be required to pay a bond registration fee once your bond registers, which takes place once the development is complete, and the apartment is transferred into your name.
When do bond repayments start?
Your bond repayments will only commence after the property is transferred into your name, which happens once the building is complete.
Do transfer duties and transfer fees apply?
TWENTY2ONW is an off-plan purchase development – no transfer duties are payable. However, transfer fees will be required by the transferring attorney, calculated on the purchase price of the property. Calculate the associated transfer fees on your apartment using the calculator here.
What is and how does occupational interest work?
Occupational interest (often referred to as occupational rent) is a payable fee covering the period from the issuing of the Occupation Certificate, to when the apartment is transferred into your name – at which point, if you have a bond, your bond repayments will start. Once the building is complete but before the property is officially transferred to you (in the registrar’s office), you will need to pay occupational interest. This fee can be offset by any rental income you earn (via short-term or long-term letting), as you are allowed to make use of your apartment during this period. Below is a calculation of the occupational interest based on a purchase price of R2 500 000:
(R2 500 000 x 11.75%) / 12 = R24 480 per month.
Please note: This period can take roughly one to three months.
What do the rates and levies at TWENTY2ONW cost?
Monthly rates are determined by multiplying your property’s value by the municipality’s rate per rand, which is 0.006344
See a rates calculation below, using an apartment with the purchase price of R2 500 000 as an example:
(R2 500 000 x 0,006344) / 12 = R1 321 per month.
Please note: This period can take roughly one to three months.
Monthly levies are calculated at a fixed rate to cover expenses such as the maintenance of communal areas, security, building insurance, operational costs, and cleaning services. We’ve provided a rough guide of these costs with each of the listed apartments.
OCCUPATION & SHORT-TERM LEASING
What are my occupancy and leasing options?
TWENTY2ONW is a long-term rental and short-term letting friendly building.
TWENTY2ONW offers apartment types that are suited to owner occupiers or can be leased out on the long-term rental or short-term letting markets.
The development includes amenities designed to maximise the short-term leasing experience, such as facilities for our short-term letting agency partner staff and a 24-hour concierge service, including a dedicated Building Manager.
When can I start living in my apartment, or start renting / letting it out?
You may start living in your apartment, or renting it out, from the date that we receive the Certificate of Occupancy from the City of Cape Town. This date usually coincides with the date we handover the keys to your new home.
Do you offer short-term leasing management services?
Owners can choose to manage their apartments themselves or opt for management with our short-term letting agency partner, BlokStay.
To learn more about what BlokStay can offer, please email stefan@blokstay.com
APARTMENT PURCHASE PROCESS
How does your new apartment purchase process work?
TWENTY2ONW launches on Thursday 19 September. From 19 September to 9 October, you can browse all the apartments. This allows you the time to consider which apartment suits you best, your affordability options, get a bond approval and even a visit to the neighbourhood. During this browsing period, you can create a profile on our site and mark your favourite apartments, ready to reserve on a first come, first served basis, when sales open to the public on Wednesday 9 October.
How do I favourite apartments before sales open?
Apartment sales at TWENTY2ONW open to the public on Wednesday 9 October. Once sales open, you can reserve an apartment. The best way to select an apartment is from your favourites list.
On the day that sales open, you can reserve your preferred apartment directly from your list of favourites, or you can reserve any available apartment straightaway, directly from twenty2onw.co.za/apartments
How do I reserve an apartment on the day that sales open?
- Log in to your account.
- Click RESERVE on the apartment you’d like to purchase.
- Follow the prompts and click continue.
- If your chosen apartment is available, you’ll be taken to a pay gate. Please note – your apartment reservation is only secured on receipt of the reservation fee. We recommend you don’t delay making payment as there is no pending reservation period. The first to reserve and complete payment secures the apartment.
- Pay the R5 000 reservation fee using Visa or Mastercard.
- Once the fee is paid, your apartment will be reserved, and you’ll receive an email confirmation.
- Expect a call from one of our Sales Consultants soon thereafter. They’ll discuss timings and next steps with you and answer any questions you have.
What are the steps to reserve an apartment?
- Log in to your account.
- Click RESERVE on the apartment you’d like to purchase.
- Follow the prompts and click continue.
- If your chosen apartment is available, you’ll be taken to a pay gate. Please note – your apartment reservation is only secured on receipt of the reservation fee. We recommend you don’t delay making payment as there is no pending reservation period. The first to reserve and complete payment secures the apartment.
- Pay the R5 000 reservation fee using Visa or Mastercard.
- Once the fee is paid, your apartment will be reserved, and you’ll receive an email confirmation.
- Expect a call from one of our Sales Consultants soon thereafter. They’ll discuss timings and next steps with you and answer any questions you have.
What happens next?
One of our Sales Consultants will email a Sale Agreement to you, and you’ll be asked to return it, signed, within 24 hours. Thereafter, you will have 30 days to provide your bond approval, a bank guarantee, or payment for the apartment purchased.
Is the reservation fee refundable?
Unfortunately, no. If the provided Sale Agreement is not signed and returned within 24 hours of receipt, your R5 000 reservation fee becomes non-refundable. If the purchase is finalised, the R5 000 reservation fee* is deducted from the purchase price of your apartment. Rest assured, a dedicated Sales Consultants will assist you through the whole process and relay timings and deadlines whenever applicable.
* The reservation fee value deducted from your purchase price will be the net value of the R5 000 fee, less the finance portal vendor fees. E.g. R5 000 x 3% + R1 = R151. R1 850 000 – R4 849 = New purchase price of R1 845 151.
