Estate Living Magazine Precinct Living - Issue 33 | Page 18
Every generation of owner has reaped a good return on
their investment, with prices increasing quite impressively."
Construction started in 2000, and the first homes were completed
in 2003, so the interior styles of some of the apartments on the
estate are 15 years old. Consequently, when units change hands,
the new owners almost invariably want to do an update. Many gut
the entire unit and redecorate from scratch, often combining two
rooms into one, so it is important that the ExCo carefully controls
any structural changes. ‘The last thing we want,’ says Bold, ‘is
someone knocking down a structural wall.’
Day-to-day management is largely outsourced, with Servest
doing the gardens and landscaping, RealClean doing the
cleaning, and iMvula handling the security, with an on-site
control room, regular patrols and – of course – access control.
The Marina Residential Estate it not just a residential estate; it’s
also a popular upmarket international holiday destination for
dignitaries and celebrities from all over the world. So security
needs to be not only faultless but also discreet. As iMvula’s CEO
Brenda Reddy explains, ‘professionalism, quality service and
utmost discretion are just three of the important focus points in
providing security service excellence and peace of mind to the
residents and their guests.’ This requires regular risk assessments
both on the estate and in the surrounds, co-operation with the
SAPS, regular refresher training for all security staff, and a hands-
on daily working relationship with the Marina management.
Over and above this, iMvula’s senior management regularly
liaise with Marina management through weekly security
committee meetings.
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Make it happen
All the units have been sold, some more than once, so the only
way to get in here is by repurchasing – and every generation of
owner has reaped a good return on their investment, with prices
increasing quite impressively. Of course, the asking price for
any units that do come on the market depends on size, location,
view and a whole lot of other features, but they are among the
highest in Cape Town, which reflects the convenience living in
this estate affords its residents. As well as offering a stress-free
commute to the CBD, it boasts access to a fitness centre, several
pools and 200 yacht moorings, and is within walking distance
of the V&A Waterfront with its upmarket retail outlets, fine
restaurants, live music, museums and food markets.
It’s a good investment, too, with monthly rentals for a two-
bedroom, two-bathroom luxury apartment starting at R35,000
per month, and short-term rentals starting at about R20,000 a
day – and resale values continue to climb.
Zeenat Moosa- Hassin