405 THE CENTURION - CAPE TOWN

Before & After Bedroom Renovation | 405 The Centurion | A New Space Co.
Before & After Bedroom Renovation | 405 The Centurion | A New Space Co.

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Before & After Kitchen Renovation | 405 The Centurion | A New Space Co.
Before & After Kitchen Renovation | 405 The Centurion | A New Space Co.

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Before & After Kitchen Renovation | 405 The Centurion | A New Space Co.
Before & After Kitchen Renovation | 405 The Centurion | A New Space Co.

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  • Full renovation of a 1-bedroom, 1-bathroom, 57m2 apartment.

  • 5 weeks from demolition to completion at a cost of R4415/m2 in 2018.

  • Tenant was secured immediately, and rental escalated by 50%.

DALEWAY - CAPE TOWN

Before & After Courtyard Renovation | Daleway | A New Space Co.
Before & After Courtyard Renovation | Daleway | A New Space Co.

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Before & After Exterior Building Renovation | Daleway | A New Space Co.
Before & After Exterior Building Renovation | Daleway | A New Space Co.

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Before & After Bathroom Renovation | Daleway | A New Space Co.
Before & After Bathroom Renovation | Daleway | A New Space Co.

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  • Full building renovation - exterior and interior.

  • 12 x 2-bedroom apartments. Duration: 4.5 months from demolition to completion.

  • Total project spend R7.3mil. Internal avg spend of R5 794/m2 for 80m2 units in 2019.

  • Rental increase 227% higher after renovation.

  • Estimated 2,8 years to recover project spend from increased rental (excluding vacancy and escalation factors).

 

GLENDALE - CAPE TOWN

Before & After Exterior Building Renovation | Glendale | A New Space Co.
Before & After Exterior Building Renovation | Glendale | A New Space Co.

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Before & After Exterior Building Renovation | Glendale | A New Space Co.
Before & After Exterior Building Renovation | Glendale | A New Space Co.

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Before & After Building Entrance Renovation | Glendale | A New Space Co.
Before & After Building Entrance Renovation | Glendale | A New Space Co.

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  • Full building renovation - exterior and interior.

  • 18 apartments - 6 x one-bedroom and 12 x two-bedrooms.

  • Duration: 9 months from demolition to completion - including builders holiday.

  • Total project spend of R9 8mil.  Internal avg spend of R6 471/m2 for 60m2 unit and R5190/m2 for 85m2 unit in 2018/2019.

  • Rental increase for building was 109% higher after renovation.

  • Estimated 2,8 years to recover the project spend from increased rental (excluding vacancy and escalation factors).

PENTHOUSE AT 15 ON ORANGE HOTEL - CAPE TOWN

Pool Deck Renovation | 15 On Orange Hotel Penthouse | A New Space Co.
Pool Deck Renovation | 15 On Orange Hotel Penthouse | A New Space Co.

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Kitchen Renovation | 15 On Orange Hotel Penthouse | A New Space Co.
Kitchen Renovation | 15 On Orange Hotel Penthouse | A New Space Co.

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Kitchen Renovation | 15 On Orange Hotel Penthouse | A New Space Co.
Kitchen Renovation | 15 On Orange Hotel Penthouse | A New Space Co.

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  • 236m2 internal apartment with 206m2 deck and pool area.

  • Full renovation of existing hotel SPA, white boxed and converted into a 3-bedroom and 3.5-bathroom apartment.

  • Duration: 5 months from demolition to completion at a cost of R20 300/m2 in 2019. 

 

302 PALM BEACH - CAPE TOWN

Before & After Open Plan Kitchen Renovation | 302 Palm Beach | A New Space Co.
Before & After Open Plan Kitchen Renovation | 302 Palm Beach | A New Space Co.

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Open Plan Kitchen & Living Room Renovation | 302 Palm Beach | A New Space Co.
Open Plan Kitchen & Living Room Renovation | 302 Palm Beach | A New Space Co.

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Kitchen Renovation | 302 Palm Beach | A New Space Co.
Kitchen Renovation | 302 Palm Beach | A New Space Co.

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  • Full renovation of a 2-bedroom 2-bathroom, 115m2 apartment.

  • Duration: 2 months from demolition to completion at a cost of R5200/m2 in 2017.

  • A tenant was secured immediately after completion and rental escalated by 66%.

  • Estimated 6 years to recover the project spend from increase in rental (excluding vacancy and escalation factors).