405 THE CENTURION - CAPE TOWN

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

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

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

DALEWAY - CAPE TOWN

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

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

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

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

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).

Daleway

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

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

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

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).

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

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

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

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.

15 on orange

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

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

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

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

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).

palm beach anchor