SNEAK PEEK
- The Spectrum is a modern home, offering luxury & amenities close to the heart of Cape Town’s Central Business District.
- The urban living feel goes beyond each apartment’s walls into the well-connected and lively energetic neighborhood.
- The Spectrum is a phenomenal choice for everyone from someone purchasing a property for the first time to someone looking for an investment that adds as a high-performing property.
The Spectrum, a new micro-apartment development, launched in Cape Town is providing studio, micro and 1- & 2-bedroom apartments at economical prices.
Situated in a central position, just off Nelson Mandela Boulevard, the development is under the management of Evolution Property and has been designed by Two Five Five Architects.
The developers have claimed that the site provides easy access to the Southern Suburbs, Cape Town CBD, N2 outbound toward Cape Town International Airport and is just a few minutes from the N1 North and South.
There will be 306 units throughout 10 floors. The building will also provide a number of facilities which include an onsite gym, a backup generator, a co-working space and a coffee bar.
Tech-forward features such as electric vehicle charging, high-speed fiber and NFT integration via the local blockchain startup, Momint are also included in the development.
According to the group, the NFT integration will boost the speed of the sale process and also support in eliminating intermediaries such as the deeds office. Also, it will make the property even investible besides reducing admin. The non-fungible token is not the apartment but a token, allowing the owner the right to buy a certain apartment.
With the NFT, an owner gets the right to buy a particular unit at The Spectrum. Token owners will be given more benefits such as unique access, token airdrops, discounts, etc.
Coming to the question as to how the process works, it is as explained below.
- One can visit The Spectrum website to reserve their apartment.
- From the sales team, they can seek the sale agreement for the particular apartment.
- Relevant requirements such as bond approval and deposit can be signed and fulfilled in the signed sale agreement.
- The sales team at The Spectrum will send the exclusive NFT for the apartment that’s been bought close to the completion date of the development.
- The NFT can be utilized for current benefits as well as uses in The Spectrum development after completion.
The apartments that are available include:
- Micro apartments: Priced from R595,000, they include 1 bathroom with 17sqm to 20sqm total unit size
- Studio apartments: Priced fromR765,000, they include 1 bathroom with 23sqm to 27sqm total unit size
- One-bed apartments: Priced from R895,000, they include 1 bathroom with 30sqm total unit size
- Two-bed apartments: Priced from R1,395,000, they include 1 bathroom with 49sqm total unit size.
