Frequently Asked Questions

A joint venture between Heartwood Properties Limited & Soar Developments

Heartwood Properties Limited

Heartwood Properties Limited is a publicly listed property development company primarily focused on commercial and industrial property development in the Western Cape. Heartwood Properties Limited has an experienced management team with a reputation of delivering high quality developments in both the commercial and warehouse sectors.  The company has grown substantially since listing on the Cape Town Stock Exchange in 2018 by continuing to deliver exceptional development properties, and understanding the needs of property users and owners.

www.heartwoodproperties.co.za

Soar Developments

Soar Developments have been developing and designing innovative and transformative buildings in the industrial, commercial and residential sectors since 1999. Their developments have become landmarks in their neighbourhoods in that they are distinguished by their contemporary designs and unique, instantly recognisable architecture.

Soar Developments builds enjoyable and productive work and residential spaces, filled with natural light and attractive lifestyle features. Their properties are low maintenance and cost-effective to run. They implement sustainable building practices, and great care is taken to ensure they have a range of energy saving and environmentally-friendly features.

www.soar.co.za

Two Five Five Architects

Two Five Five Architects is a Johannesburg and Cape Town-based studio known for crafting thoughtful, timeless architecture that elevates everyday living. Specialising in multi-tenant residential developments, their work focuses on enhancing quality of life through well-considered apartment layouts, generous light and ventilation, durable materials, and refined spatial experiences.

www.twofivefive.co.za

Farquharson Projects 

Farquharson Projects (Pty) Ltd was founded in 1997 and has been extensively involved in the commercial, industrial, retail, residential and civil sectors.

Each project is executed, regardless of its size, with the same meticulous attention, endeavouring to maintain the highest quality standards of workmanship through careful selection of skilled artisans and specialised contractors. Since inception, the company has justifiably become renowned for its commitment to quality

www.farquharson.co.za

The units will be handed over in grey box condition. Tenant fit-outs will be managed by the purchaser through their own appointed professionals or approved contractors. No specific designers have been appointed, allowing each owner the flexibility to work with TwoFiveFive or a professional team of their choice. Optional extras are available, enabling purchasers to allocate a Tenant Installation (TI) allowance should they wish to include it as part of their bond.

C&A Friedlander

C&A Friedlander Attorneys traces its roots to the establishment of the firm Friedlander & Du Toit in Cape Town in 1899. After more than 100 years of successful practice and service to the community, C&A Friedlander Attorneys, with its mixture of strong traditionalism blended with youthful innovation, comprises a dynamic practice offering a wide range of specialist legal services, and is committed to remaining at the forefront of legal developments.

www.caf.co.za

No bond originator has been appointed. Buyers may use their preferred bond originator or banking institution.

No formal rental operator is appointed. Owners may manage their own leasing.

Construction is estimated to commence Q4 2026 with completion Q1 2028.

This is a commercial office development.

The building comprises:

• Four-storey contemporary office building
• 18 sectional title office suites ranging from 135m² to 3440m²
• Roof Venue
• Designed and curated common spaces
• Balconies and landscaped terraces
• 153 parking bays @ 4,5 bays / 100m²

Total Area: ±3 440m²

Offices are handed over as GREY BOX, including:

• Smooth plastered & painted walls
• Power floated floors ready for tenant floor finishes
• SANS-compliant lighting
• Electrical DB per unit
• Aluminium shop front office entrance doors
• All units include private male / female ablutions with fitted kitchens
• Off shutter Concrete Soffit.

No internal partitions, floor finishes, air-conditioning, or joinery are included unless agreed in writing.

Tenant Installation (TI) allowances may be negotiated separately.

• Paardevlei Shopping Centre
• Busamed Paardevlei Private Hospital
• African Roasters Coffee
• Vida Coffee
• Bootleggers
• Col’Cacchio Pizza
• Checkers
• Strand Golf Club
• Strand Beach
• Thompson Park
• De Velde Lifestyle Estate
• Paardevlei Lifestyle Estate
• Waterstone Village
• Sanctuary Shopping Centre (Woolies, PnP, Virgin Active)

Each sectional unit is individually metered. Tenants are responsible for their own consumption.

• CCTV  thermal cameras to select common areas and perimeter.
• Access control to individual units and to the parking area.
• Perimeter lighting.
• Clearvu fencing with electric fence.
• Off site black screen monitoring.
• Additional tenant security systems by purchaser if required.

Yes. A mix of 153 open and covered parking bays are available. Parking allocation per unit is detailed in the sectional plan schedule.

Parking allocations are included in the price of each unit, as per the approved sectional schedule.

• Tenant Installation upgrades
• Internal HVAC installation
• Interior fit-out solutions

All are subject to agreement with the developer.

Yes, basement storage areas are indicated on plans. Allocation is subject to final sectional plan confirmation.

Base building (grey box) does not include internal HVAC systems within units. Tenants to install HVAC as part of Tenant Installation.

Generator space is indicated within the building.

Final installation and configuration subject to final design.

A 160Kva generator will be provided as back up power.

Designed in accordance with energy efficiency regulations (SANS 10400 Part XA)

Environmental performance was considered from the outset. The development incorporates energy-efficient lighting, hot water systems, and passive environmental strategies, ensuring a comfortable working environment while reducing operational energy demand. Thoughtful orientation, shading, and natural light contribute to the building’s overall sustainability.

• Indigenous landscaping
• Water-wise planting
• Energy-efficient LED lighting
• Performance glazing

Data conduits provided to common risers. Tenant cabling and equipment to be installed by the purchaser.

Yes. Commercial lift installed, and compliant with SANS accessibility regulations.

Yes, external rental agencies may be used.

• Prime position in the Paardevlei Precinct
• Close proximity to Strand Beach, Busamed Hospital & Strand Golf Club
• Modern architectural design
• Sectional title ownership
• Strong demand for premium office space in Somerset West
• Grey box flexibility for custom fit-out
• Very limited prime offices available
• Yields of 10% with capital growth

Please note that prices exclude 15% VAT.

Financed deals

1. Minimum 20% deposit with the balance in the form of a bond approval or guarantees.
   • 10 % Deposit to be paid within 7 days from receiving a signed agreement of sale and a further 10% deposit within 30 days.
   • The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
   • The balance (80%) will need to be secured within 21 days with bond approval or guarantees

Cash deals

1. 30% non-refundable deposit with the balance payable to the transferring attorneys 60 days before lodgement

Yes, the deal is subject to your bond being approved and should it not be approved the deposit is paid back to you with interest. If you are unsure if you can afford the bond, it is a good idea to get pre-qualified prior to paying the R25,000 reservation fee as it is non-refundable.

Bond repayments will only commence after the development has been completed and once the transfer of the office you have purchased, has taken place.

Bond costs are payable at the time that the bond registers, once the development is complete.

The seller is registered for VAT so there will be no transfer duty but only transfer costs payable attorney costs).

On a purchase price of R5 million, the transfer costs will be R81 393*

To calculate the transfer costs you can click on the below link: https://www.betterbond.co.za/calculators/bond-and-transfer/

NB: Please select yes when it asks if the seller is registered for VAT.

*Please note these are subject to change

Levies are determined in terms of sectional title and exclusive use area of the units, parking and storeroom. Levies are calculated at a standard rate to be determined.

Levies cover:

• Security (offsite monitoring & armed response etc)
• Cleaning of common areas
• Building maintenance
• Building insurance
• Management costs
• External lighting & landscaping upkeep
• Lift maintenance agreements
• Paardevlei park levy

Municipal rates are based on the commercial property value and municipal tariffs applicable in Somerset West.

Example:

R5m value

R5m x 0.016824 = R84 120 per annum

This equates to R7 010 per month

No hidden costs. VAT inclusive, no transfer duty. Rates, taxes and CID will apply.

The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (transfer takes place).

The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable but these costs are largely offset by the interest that you earn on your deposit during the construction period.

After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is granted. You will be able to occupy or rent out your office space from the date of occupation.

1. The outlook for brand new A-grade commercial office space in Cape Town and surrounding areas is exceptionally promising through 2026 and beyond.
2. Quality, well located projects are in high demand and easily outstripping supply especially for  AAA-grade office spaces in prime areas such as Paardevlei.
3. With limited new supply and continued tenant migration to quality spaces, realistic annual capital appreciation of between 7% to 9% (on top of income growth) is easily achievable over the medium term.
4. A grade asking rentals rose above 13% year-on-year in decentralised nodes with positive reversions (+3,5%) meaning owners of new stock are enjoying above inflation income growth.
5. The expected initial yield is between 6% and 7%, which will increase annually as the rent escalates improving the cash generated and the returns.
6. Rental income escalates every year by approximately 10%, however your bond repayments generally stay the same depending on interest rates.
7. A commercial property investment at The Reserve Office Suites is likely to create long-term sustainable wealth and an ever-increasing annuity income.
8. The property is fully owned in 10 years with significant capital gains.

Example:

Monthly Office Rental of a 145m² unit: R39 985.00 with an annual gross income of R479 820.00

On a purchase price of R5 000 000 the yield  is 9,60%

Monthly Bond Repayments

• Sales are live via the interactive price list: sales.thereserve-offices.co.za
• Here you can use the filters and sort function to narrow down your search.
• On each unit the layout, all costs and expected rentals are shown.
• You can reserve your preferred unit/s with a R25,000 reservation fee.

Your shortlist acts as a wish list of units that you have quick access to. Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the shortlist.

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.

1. Register and log in to sales.thereserve-offices.co.za
2. Click the RESERVE button on your selected unit to start the process. Make sure to be quick as others may also be interested in the same unit.
3. Complete the form and accept the terms. Click RESERVE.
4. Your reservation will now move to the pending state where you will have 10 minutes to finalise payment of the reservation fee.
5. You may now select an additional parking space to your purchase if necessary.
6. You will then pay your R25,000 reservation fee via the following methods:
   1. Visa or Mastercard
   2. Apple Pay
   3. Instant EFT via OZOW
   4. Masterpass
   5. Snapscan
7. Once the R25,000 fee is concluded, your unit will be reserved!*
8. You will then receive an email from our team confirming your reservation.

*Ts&Cs apply.

Next steps:

• The Agreement of Sale will be sent to you via email. This will need to be signed and returned to us within 48 hours from you receiving it.
• The full deposit required is 20% of the purchase price, with 10 % deposit to be paid within 7 days from receiving a signed agreement of sale and a further 10% deposit within 30 days. The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
• The balance (80%) will need to be secured within 21 days by either a bond approval, bank guarantee, or cash.
• Alternatively, we will also accept a 30% non-refundable deposit with the balance payable 60 days prior to the transfer.