Frequently Asked Questions

Yes.

• One tandem parking bay and one single parking bay (3 bays) has been allocated to penthouses.
• One parking bay has been allocated to 2-bed apartments.

Buyers will have the option to purchase additional parking bays (there are 18 available).

77 Jan Smuts Street, Cape Town

Start date in October 2025 and estimated completion in Q3/4 2027.

The Maranello is a 9-storey building comprising a total of 151 units varying from studios of 29m² to penthouses of 252m². This includes a secure parking garage and a large retail space on the ground floor. 

Ground floor space is taken up by the entrance lobby and restaurant, while the first floor is dedicated to resident parking, resulting in the first residential floor (second floor) being secure and well above street level.

A unique feature of The Maranello is the range of units and associated balcony sizes  – a mixture which allows both the purchaser who desires more interior space a broad choice, while the more outdoor-orientated are not forgotten!

Orientation of the units has been carefully considered with all units either facing south-west with full, unrestricted Table Mountain views or north-east sun-facing apartments.

The Maranello introduces a new architectural presence, grounded in familiar materials. The building draws from the textures and tones of both mountain and harbour. Brass detailing further brings in a warmth and uniqueness. A vibrant, street-facing ground floor where retail and restaurants spill onto the pavement — reminiscent of the lively shopfronts found in historic port cities.

Inside, the design continues this language of refined familiarity. Wooden vinyl flooring, stone countertops, and artisanal tile backsplashes form a tactile and elegant foundation. Sleek cornice detailing with integrated lighting adds a modern edge, while brushed brass accents and fluted glass screens lend texture and depth. Soft neutral paints tie everything together, creating a calm, sophisticated canvas that invites residents to make the space their own.

Appliances

All units will be fitted with Smeg appliances. Please see specifications document for inclusions per unit: [spec doc link]

Finishes

There will be two colour schemes available for both the kitchen and bathroom – please find these details in the specifications document here: [spec doc link]

Furniture and Appliance Packages

1. Furniture and decor packages
2. Appliance packages

Buyers will have a choice of optional extras available at an additional cost and can be selected to personalise and upgrade your unit. All prices include VAT. 

Air-conditioning

Split-type air-conditioning systems are priced at R65,000 each.

Thermal & Acoustic Glazing

There is a glazing option of a thicker 8.5mm laminate which will improve the thermal insulation and energy efficiency, while simultaneously offering greater noise reduction, UV protection and security.

Studio – R29 000 

1 Bedroom – R40 000 

2 Bedrooms – R58 000

Penthouse – Included 

Woodupp Wall Panelling

Decorative acoustic wall panels offering a warm, contemporary finish.

Studios – R6 000 

1 Bedroom – R7 500 

2 Bedrooms – R14 000

Penthouse – Included 

EV Charging

EV chargers (22kv Smappee) are R75 000

Is parking available?

• One tandem parking bay and one single parking bay (3 bays) has been allocated to penthouses.
• One parking bay has been allocated to 2-bed apartments.

Buyers will have the option to purchase additional parking bays (there are 18 available).

Please see full detail here on the optional extras: Spec Doc

• 24-hour concierge & reception
• EV charging stations
• Secure parking
• Ground-floor café, deli and restaurant
• Heated swimming pool
• Fully equipped gym adjacent to the pool deck 
• Laundromat

Each unit will have a prepaid electricity meter, as well as a smart water meter.

• 24 hour security and concierge 
• CCTV security with off-site monitoring
• Biometric access control
• Secure parking

Yes, limited storerooms are available.

The building will not be affected by load shedding as it is on the same main MV ring that supplies the local hospital, however, there will also be a generator on site in the unlikely event of any power loss from supply interruption.

The Maranello has been designed with a deep commitment to sustainability, efficiency, and long-term value. Every design choice – whether high-tech or time-tested – works together to reduce environmental impact, lower running costs, and enhance everyday comfort. Key green features include:

• Central Hot Water System – provides energy-efficient water heating to all units from a central source with a hot water backup system.
• Solar Energy Production – rooftop solar contributes to the building’s overall electricity supply.
• Smart Metering – empowers residents to monitor and manage their individual water and energy usage.
• Water-Saving Fixtures – fitted with low-flow taps and shower mixers that significantly reduce water consumption.
• LED Lighting Throughout – energy-efficient, low-maintenance lighting installed across all common and private areas as well as in the units.
• Energy-Efficient Appliances – modern kitchen and laundry appliances designed to minimise power use.
• SANS XA Compliant Glazing – reduces heat loss and solar gain, improving internal climate stability.
• Roof Insulation – high-performance insulation reduces heat transfer and improves thermal comfort year-round.
• Bricks with Insulating Cavities (Cored bricks) – wall assemblies include cavity bricks that enhance thermal insulation.
• North-Facing Units – most apartments are oriented exactly north to maximise natural light and winter sun, while reducing overheating in summer.
• Large Balcony Overhangs – strategically designed to block high summer sun while allowing warming winter light.
• Cross-Ventilation & Passive Cooling – unit layouts promote natural airflow where possible, reducing reliance on mechanical cooling with the introduction of ventilation cores.
• Backup Water System – ensures water availability during municipal service interruptions.
• Sustainable Materials – specified for low environmental impact, including locally sourced products where possible.
• Low-Maintenance Finishes – durable materials reduce long-term upkeep and environmental degradation.
• Labour-Intensive Construction – supports job creation and skills development in the local economy. 

At The Maranello, sustainability is seamlessly integrated into design—from the orientation of the building to the smallest fixture — ensuring a smart, comfortable, and future-proof place to live.

Yes, high-speed deals and packages will be available to buyers.

There will be multiple lifts with secure access control that will provide quick and easy access to the apartments over the nine floors.

The Maranello is pet-friendly and pets will be allowed subject to trustee approval.

The short-term rental management is provided by Propr.

All units in The Maranello automatically qualify for the Apart Hotel service offered by Propr, provided the standard of furnishing is aligned with the normal Apart Hotel standard.

No, the appointed short-term rental operator is Propr.

Yes, your apart-hotel unit is available when you need it. Whether you’re planning a getaway, hosting friends or family, or simply taking time for yourself, reserving your unit is easy. Just let Propr know or log in to Propr’s digital Client Zone portal to block out your dates – their team will take care of the rest, ensuring your apartment is professionally cleaned and ready for your arrival.

Yes, Bone Studio is the interior design company providing the furniture packs.

Yes, provided the furnishing and design align with the guidelines provided by the appointed operator.

Yes, Propr will let your apartment in the short-term market should you wish to do so on an ad-hoc basis.

Yes, owners are permitted to rent out their apartment on a long-term basis.

• Sales are live via the interactive price list: sales.themaranello.co.za
• Here you can easily browse all the available units and 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 online with a R10,000 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 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.themaranello.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 to your purchase if necessary (there are 18 single parking bays available).
6. You will then pay your non-refundable R10,000 reservation fee via the following methods:
   • Visa or Mastercard
   • Apple Pay
   • Masterpass
   • Snapscan
7. Once the R10,000 fee is concluded, your unit will be reserved!*
8. You will then receive an email from our team confirming your reservation.

* Terms & Conditions 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 receiving it.
• For financed deals, a 10% deposit is required within 7 days from receiving a signed agreement of sale. The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
• The balance (90%) will need to be secured within 21 days by either a bond approval, bank guarantee, or cash.
• Alternatively for cash purchases, we will also accept a 30% non-refundable deposit with the balance payable 60 days prior to the transfer.

Financed deals

1. Minimum 10% deposit with the balance in the form of a bond approval
   • Deposit to be paid within 7 days from signature of agreement of sale.
   • The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
   • The balance (90%) will need to be secured within 21 days of signature of agreement of sale by way of bond approval or guarantees.

Cash deals

1. 30% non-refundable deposit with the balance payable to the transferring attorneys 60 days before lodgement.
2. Minimum 10% deposit with a bank guarantee for the balance of the purchase price supplied within 21 days of purchase.

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 the launch as the R10,000 reservation fee is not refundable.

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

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

You are required to either pay VAT or transfer duty. As the developer is VAT registered, there is no transfer duty and VAT is included in the purchase price.

Transfer fees are payable to the attorney and are based on the value of the unit/s.

For example, on a purchase price of R2,5 million, the transfer costs will be R53,102.85 (incl. VAT)*. 

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

They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building, building insurance and all running costs and management costs and insurance of the building. Levies are estimated at R32 per square meter based on the internal unit size.

Monthly rates are based on the value of the property and are calculated based on the value of the property and then multiplied by 0.007159 to get your yearly rates. Divide this by 12 to get your monthly rates.

Example:

(R2,3 million property)

R2,3million x 0.007159 = R16,465.70 per annum

This equates to R1,372.14 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 apartment from the date of occupation.

1. Cape Town sees an average annual capital growth of 7%, so your property value is growing at roughly 7% pa but you are only required to put down 10% of the development value.
2. This means you are generating growth on the full purchase price of the property and only have to put down a fraction of the price.
3. Your tenant is largely paying off your investment property & bond for you.
4. Your rental income historically increases every year but bond repayments generally stay the same and in relation to yearly salary and with incomes generally inflating, the bond repayments become relatively cheaper every year.
5. There is high demand for secure luxury property in Cape Town’s City Centre, resulting in a secure long-term investment.
6. The longer it takes to enter the property market the harder it becomes.
7. Property investment is likely to create long-term sustainable wealth and an ever-increasing annuity income.

• The taxpayer must own at least 5 residential units. The deal benefit, 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.