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Zero-2-One-FAQ.Pdf APARTMENTS: Q: What view will I have from my apartment? Q: Can one add an aircon to the apartment post transfer? A: Using the Residential Floor Plans, orientate yourself using the road names: A: To prevent the façade of Zero 2 One being negatively impacted, the Body Corporate will i. St. Georges Mall – Overlooking the City you will orientate yourself towards Signal Hill, prevent split air-conditioning units being installed in an apartment. An allocation has Green Point Stadium and towards the sunset. been to install ceiling fans or one may make use of portable air-conditioning units if the ii. Fan Walk – Overlooking the Foreshore you will orientate yourself towards the Harbour outlet is not visible from the exterior of the building. and Cape Town Bay with Bloubergstrand in the distance. iii. Adderley Street – Overlooking Woodstock and Northern Suburbs you will orientate Q: Can the developer provide a fully furnished key in the door solution? yourself towards Devil’s Peak, Stellenbosch / Klein Drakenstein mountain range and A: Yes, post receipt of the Purchasers deposit an ‘Additional Furniture Package’ will be towards the sunrise forwarded as a turn-key solution. This package will furnish apartments with a price tag iv. Strand Street – Overlooking Gardens you will orientate yourself towards Lion’s Head ranging from R35,000 to R50,000 depending on the unit type. and Table Mountain. Q: Can I combine studios to create a larger 1 bedroom apartment? Q: Is there a CAD file or KML file or anything that I can explore the views from specific apartments? A: Yes, a Purchaser may purchase adjacent studios to remodel into a 1 bedroom or larger A: A virtual 360 degree viewing platform has not been created to date but drone footage studio apartment. Only certain apartments between column grids can achieve this but from each floor will be made available soon on the website. this remodelling will need to be verified by the Architects. The Purchaser will have to pay the full price for both units and the same bathroom design will be utilised. Q: Which way does the wind come from? A: The predominant wind in Cape Town comes from the South-East, in relation to Zero 2 One’s orientation this will be the Adderley Street side of the development. PARKING BAYS: Q: Are parking bay(s) included with the apartment? Q: What is the difference between the 4 types of parking bays? A: Parking bays are sold separately and for security reasons only apartment owners may A: Majority of the parking bays are the standard 2,5m bays. These bays are per the parking purchase parking bays. We have 4 different types of parking bays including tandem and standards guideline. The 2,8m wide bays are slightly wider and better suit a 4x4 or larger motorbike bays for sale. family car. The Tandem bays are the same size as the 2,8m wide bays but if one would like to purchase the tandem bay, they will be required to purchase the bay adjoining it. Q: May I lease out my parking bay to outsiders? Motorcycle bays are available for scooter/motorbike users. A: For security reasons, only apartment owners or tenants renting apartments in Zero 2 One may use the parking bays. Q: How do I purchase a parking bay? A: Similar to the way you purchase an apartment, you are required to follow the same financing options by paying either a 10% or 30% deposit first, followed by a bond or demand guarantee / cash. Q: Is there a limit to how many parking bays can be purchased? A: There is no limit as to how many parking bays may be purchased. The only qualification is that the Purchaser has to own an apartment in Zero 2 One and can only rent out parking bays to other purchasers or tenants in Zero 2 One. This is to ensure top security measures. PARKING BAYS CONTINUATION: Q: How will the parking bays be registered? A: The parking bays will be exclusive use. Q: Why can I not purchase parking bays on parking floor plans 1 to 5 and only parking floor plans 6 to 8 in Phase 1 of the launch? A: The most efficient vetical transport times have been based on a lift engineering study therefore presenting the parking floor plans split as such. Parking levels 1 to 5 will become available for Phase 2 and Phase 3 of the launch. One may purchase a parking bay in phase 2 of the launch but this is not recommended as you will have to walk up several flights of stairs to gain access to a suite of lifts that service phase 1 residential apartments as there may be no direct access. PHASING OF DEVELOPMENT Q: When will the apartments be liveable? Q: What is the expected release date for Phase 3 and completion date? A: Zero 2 One has been designed to be completed and occupational in 3 different phases. A: Phase 3 will be launched once Phase 1 and 2 have sold out - the developers cannot Each phase is fully independent and functional without risk on security and safety. predict an exact launch date. With regards to construction and completion, it has been Apartments will be occupational on transfer date with no occupational rent required. estimated by the contractors that transfer of Phase 3 will happen 12 months post transfer Contractors have estimated a one-year difference between completion of Phase 1 and of Phase 1. Phase 3 with limited access to certain common areas for the safety of the residents. Q: Can I pre-book a room on a specific floor at this stage for Phase 2 release? Q: How long after Phase 1 is complete do you foresee all Phases being complete? A: Only Phase 1 is available at this stage. A: The contractor has estimated the completion off all Phases twelve months post transfer of Phase 1 residential. There will be different access points for contractors, so as not to cause any security risk. There might be limited access to common areas, but this is for the safety of the residents. Q: When is the development foreseen to be completed? A: Phase 1 is anticipated to be completed mid-2023. Q: Will the developer be offering a rental service? A: Once the Body Corporate is established, they will institute a short- and long-term rental service to oversee rentals and manage guidelines / rules. SALES AGREEMENT AND DEPOSIT Q: When is the deposit due? Q: Who is this estate agent, and can one purchase directly from the developer? Who pays the A: The deposit is payable within one week after the Sales Agreement has been signed. The 3.5% commission? Purchaser can either pay a 10% deposit or a 30% deposit to secure the apartment. This A: Lew Geffen | Sotheby’s International Realty is the sole mandated agent to sell Phase 1 of deposit will be held in the Conveyancers Trust Account bearing interest in favour of the Zero 2 One. The developer may assist and administer sales in conjunction with Lew Geffen Purchaser. | Sotheby’s International Realty to encourage sales. The commission is already included in the Purchase price. Option 1: 10% Deposit If the Purchaser selects to pay a 10% deposit, then a mortgage loan shall need to be Q: Can I change the OTP from an individual name to a company name before transfer? approved 30 days from date of signature. Ooba has pre-approved the mortgage A: If you are paying cash for the property, we will be able to cancel the agreement and with the banks and can assist with the mortgage loan application. conclude a new OTP in the future. If you are registering a bond you will need to resubmit a new application. This will also need to be done with the consent of the seller, so this is Option 2: 30% Deposit: not recommended. If the Purchaser selects to pay a 30% deposit, then the remaining final payment will be called for by Strauss Daly Attorneys, the conveyancers, six months prior to transfer by Q: Transfer fees are payable upon transfer – we are buying directly from developer, why is that? means of a bank guarantee or cash payment into an interest earning Trust Account A: There are attorneys transfer fees and bond registration fees which will need to be paid in favour of the Purchaser. by you as purchaser. The fees are per the prevailing law society tariff at the time of registration. FACILITIES / RATES AND LEVIES, OTHER Q: How does one get billed for utility usage? A: There is a prepaid electricity meter in each apartment and water/sewage will be invoiced monthly by the Body Corporate. Q: How much will my Rates and Levies cost per month? A: Levies are estimated at R30/m2 and Rates at R20/m2 Q: What other facilities would the building offer besides parking and retailers? A: When all Phases are complete Zero 2 One will have an entertainment area, two swimming pools and takeaway kitchen, a gym, a co-working space, as well as restaurants and retail space. Q: What does ‘Enclosed Services’ represent on the 18th floor? A: Due to the Zero 2 One building being constructed and transferred in 3 Phases, each Phase needs to be fully sufficient as if a standalone building. The demarcated area for ‘enclosed services’ will include water storage, electrical, plumbing, fire and other non-disturbing services. CONTACT US TO SECURE YOUR UNIT https://www.fwjk.co.za/portfolio/zero-2-one/ [email protected] +27 21 418 7920.
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