What is The One’s address?
Click the link to view on Google Maps
16 Dennesig St, Stellenbosch Central, Stellenbosch, 7600
Who are the developers?
The One Property Group is a privately-owned property investment and development consortium with a sole focus on upmarket student developments with unrivalled lifestyle components and centred around academic excellence. The One Stellenbosch is a project that represents a unique opportunity for the group to partner on what they believe is one of the most exciting real estate offerings in Southern Africa within the student market.
The development, consisting of over 500 units and a combination of industry-first amenities, is the perfect culmination of their vision, expertise and knowledge, ensuring that this incredible offering is something that stands out in a highly competitive market.
The group is backed by leading South African residential and commercial property investors and developers including Buffet Investments, KLT, Hackprop, Johan Van Der Merwe, and Yieldex, who have between them, delivered numerous successful residential and hotel opportunities in South Africa and abroad over the past 15 years.
Who are the architects?
The One Property Group has appointed Boogertman + Partners, an industry-leading architect firm, which guarantees the development will be of the highest quality and design.
Boogertman + Partners
Boogertman + Partners is a locally and internationally acclaimed studio for architecture, interior design, urban design and graphic design. Established in 1982, Boogertman + Partners has grown to become Africa’s largest architecture firm with offices in Johannesburg, Pretoria, Cape Town, Stellenbosch, Durban and Kenya, and projects throughout Africa and the Middle East. Boogertman + Partners is led by a dynamic team of directors who share a vision for innovative and contextually responsible design. They work closely with urban designers, landscape architects, interior designers, architects and technicians in a collaborative creative process that seeks to find holistic solutions to each individual brief. As gold founder members of the Green Building Council of South Africa, Boogertman + Partners fully support environmentally sustainable transformation of the built environment.
What does fully managed residential college mean?
The staff, the amenities and the culture of this private res are all designed to enhance the student experience and significantly improve their chances to succeed academically and give parents total peace of mind. In the past university residences, and also private student housing, were often regarded as the place where students can escape from the academic rigour of the formal class context. The residence became the place to chill, socialise, play games and even party. The result was that students who wanted to study often fled from the res to a place like the library where they could study in peace. A residential college is exactly the opposite of that very dated way to regard a residence. A residential college is a residence which is aligned with the academic and support functions of the university and serves to holistically support the student towards personal and academic success.
When is the completion date?
Construction has commenced. The estimated completion date is December 2024, in order to be ready for the 2025 student intake.
Proposed precinct enhancements
In excess of R40 million has been set aside to enhance this incredible area and completion of the enhancements will coincide with the completion of The One. For the students’ convenience, a shuttle service will commence prior to completion of The One and will operate to Stellenbosch CBD and Campus. Area security upgrades including CCTV, roaming guards and off-site monitoring in the area will ensure the enhanced safety of students and residents alike. The area has been identified for street enhancements as part of efforts to make the district more pedestrian-friendly. The vision for the area is being designed around the pedestrian experience. Extensive landscaping is part of the enhancement plan. The introduction of many trees and greenery as well as the placement of outdoor furniture is sure to make this one of the most beautifully landscaped and pedestrian-friendly suburbs in Stellenbosch.
What happens during load-shedding?
During load-shedding, the development’s backup power system will kick in and all areas within The One will remain connected to Wi-Fi. This applies to all common areas as well as within rooms. Lights will also remain on in common areas, most importantly the study centre as to not disrupt students during study times.
Buying & Price List
How do I purchase an apartment?
You will be able to browse and secure any available units by visiting the interactive sales platform.
What is the reservation process?
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.
- Register and log in to https://sales.the-one.co.za
- Click the RESERVE button to start the process.
- Complete the form and accept the terms: Click CONTINUE
- Your reservation will now move to the pending state where you have 10 minutes to add a parking bay and finalise the deposit payment
- To add parking, simply select Single or Tandem Bay from the dropdown. This will be added to your purchase price.
- You will then pay your R5000 non-refundable reservation deposit via the following methods:
– Visa or Mastercard
– Instant EFT via OZOW
– Masterpass
– Snapscan - Make your R5000 payment: Your unit is now reserved!*
- You will then receive an email from our team with the Agreement of Sale for you to sign and return to us.
- If you are interested in the Guaranteed Rentals then please mention this to our team and we will send an additional agreement.
Next steps:
- The full deposit required is 10% of the purchase price.
- The balance (90%) will need to be secured within 21 days by either a bond approval, bank guarantee, or cash.
- Alternatively, we will also accept a 30% deposit with the balance payable 60 days prior to the transfer.
How does my shortlist work?
Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the Shortlist.
What are the benefits of purchasing on now?
- Capital appreciation for 2 years is estimated at 14% (7% pa) while the development is under construction
- Best selection of units
- Own in a one-of-a-kind development
- Guaranteed rentals
Are there Guaranteed Rentals available?
Yes, the Guaranteed Rental deal can be applied to any studio type. The annual rental income is calculated at 7% of the total purchase price. (Including furniture pack, parking, and any extras). Owners will first purchase a furniture pack for their units and then sign a mandate with the developer who will then manage the rental of their unit for the term of the agreement.
How do you apply?
- Secure your unit/s
- Ask our team about adding a furniture pack to your unit
- Furniture packs range from R90,000 – R120,000 incl Vat (According to unit size)
- A separate Guaranteed Rental agreement will be signed by the purchaser and developer
- This deal is limited to 50 units
- Terms & Conditions Apply
Is there parking available?
There are 486 parking bays in the building.
- Parking is sold separately at an additional cost
- R139 000 for a single bay
- 260 single parking bays for sale
- The remaining bays will be available on a first come first serve basis for residents
- The purchase of parking bays is limited to 1 bay for the studios and one-bedroom units
- 2 bays are available to buyers of 2 & 3 bedroom units (this includes shared studios)
- All parking is secure and has direct access to the building
How does Section 13Sex work?
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, to claim up to 55% of the purchase price as a tax deduction.
Example
-
Total purchase price = R10 515 000
-
Deemed purchase price = R5 783 250 (55% of final purchase price)
-
5% of the deemed price may be used as a tax deduction every year.
-
This works out to a tax deduction (tax write-off) of R289 162,50 per year for 20 years.
-
Total tax write-off = R5 783 250 (over 20 years).
Taxpayer Criteria for Section 13Sex:
- 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.
- Read More
Estimated Rental
The estimated rental is based on current market-related rentals, inflated by 5% per year for 2 years.
Rates
The local council calculates rates based on the value of the unit. This fee is separate from levies.
Levies
Levies are calculated at R23/m2. There is also an additional facility levy per resident at R295/pm.
Pre-paid electricity
Each unit will have an independent electricity meter.
Water supply
Water will be paid in arrears and will be billed and metered on specific unit usage.
Furniture & Appliance packs
Yes, furniture and appliance packs will be available closer to completion.
How can I rent out my investment unit?
We will have an in-house rental team which you are welcome to use, alternatively, you may use your own preferred rental agent.
Are there transfer duties payable
No – The price includes VAT, there is no transfer duty payable but there are transfer fees (attorney costs).
What are the transfer fees?
The seller is registered for VAT so there will be no transfer duty but only transfer costs (attorney costs) payable.
Examples:
On a purchase price of R1,5million the transfer costs will be R34 987*
On a purchase price of R2million the transfer costs will be R39 035*
*Please note these are subject to change
Who are the attorneys?
STBB
https://stbb.co.za/
Annetjie Coetsee
T: +27 (0) 21 850 6400
C: +27 (0) 82 555 9355
E: AnnetjieC@stbb.co.za
Is there a show unit?
Not currently, but there may be a show unit closer to completion.
Building Amenities
What security does The One offer?
The building offers state-of-the-art security with 24-hour guards, strict access controls with biometric access, CCTV surveillance throughout the building as well as onsite residence managers and staff.
Are non-students allowed to rent at The One?
The One is classed as student accommodation and therefore only tenants with valid student cards are permitted to rent.
Is air-conditioning available?
All apartments on the top floor (4th Floor) come with air conditioning.
The rest of the apartments do not have aircons but do come with ceiling fans.
Is double glazing available?
Double glazing is an optional extra, it has great sound reduction and temperature retention qualities.
What is a fully managed private student residence?
The staff, the amenities and the culture of this private res are all designed to enhance the student experience and significantly improve their chances to succeed academically and give parents total peace of mind.
Does the building have backup power?
Yes, the building has a generator to power and provide Wi-Fi in all common areas.
Apartment cleaning services
Apartment cleaning is available to residents at The One.
High-speed Wi-Fi throughout
High-speed connectivity ensures studies and off-campus learning can take place smoothly and efficiently not only in the rooms but in all areas of the building.
Restaurant & coffee shop
A trendy restaurant and coffee shop situated on the ground floor of The One.
Online shopping delivery points
Concierge care will safeguard all residents’ deliveries.
Cinema
This onsite entertainment offering puts The One in a class of its own.
E-gaming room
Equipped with state-of-the-art gaming tech, e-gaming fanatics will be more than satisfied.
Convenience store
Fresh food, snacks and groceries offering value and convenience.
Themed professional kitchens on every floor
Social communal kitchens for residents to make use of.
Main courtyard
This expansive courtyard will be an area suited to outdoor fun and socialising, without having to leave the secure environment of The One.
Heated swimming pool
Set in a contemporary outdoor setting in the central main courtyard
Braai areas
Five outdoor braai areas and entertainment areas in the main courtyard for students to enjoy.
Indoor fitness centre & gym
Residents have free access to the convenient and well-fitted out, high-end fitness centre & gym
Pause area per floor
Adding to the luxurious design of the development, these areas offer residents a choice of bespoke spaces to break away from their routine and relax.
Laundromat with chill lounge
A convenient chill lounge takes the grind out of waiting for laundry.
Zen courtyard
Communal areas at The One are extensive and themed for relaxing, socialising or working – with the Zen Quad offering a tranquil haven.
Study Centre
At the heart of this purpose-built student development is an environment that facilitates both private and collaborative studying.
Bicycle storage
Special secure facilities will protect over 400 bicycles & 50 motorbikes from both the elements and any security risks.
Lift Access
There are three lifts with access from basement parking level to the 4th floor at The One
Is The One Pet Friendly?
Unfortunately, animals aren’t permitted at The One.
Who can I speak to for more information?
Leon Rossouw (English & Afrikaans)
leon@the-one.co.za
Cell: 082 820 5342
