Estate Living Magazine Precinct Living - Issue 33 | Page 44

landscaped areas, including 300 hectares of lush coastal forest and 7.5 kilometres of sandy beaches. Those looking for safe open-air activities can stretch their legs on the 75 kilometres of paths, trails and boardwalks, and there are some fantastic waves for the many ‘silver surfers’ who are living proof that this generation is ageing dynamically. Every member of the security team is trained in first aid, and there are two panic buttons in each unit, as well as biometric access, cameras and a state-of-the-art control room to ensure the safety and health of each resident. The estate The estate features modern single-level sectional title apartments with one-, two- and three-bedroom options, all of which are surrounded by beautifully landscaped gardens, and have access to the Care Centre with a registered nurse and 24- hour telephonic support. Once completed, there will be 400 units, built over two phases, with phase one consisting of 213 apartments, and occupancy taking place towards the end of 2019. The bottom line Following research which highlights that more than 70% of retirees now look for a property price point of between R1 million and R2.5 million, studio apartments at Shoreline Sibaya start at R1.45 million, with one-bedroom apartments beginning at R1.8 million, two-bedroom units from R2.4 million, and the larger three-bedroom apartments from R3.4 million. The exponential growth and interest in retirement property as an investment opportunity is also why the developers have permitted potential buyers to invest at any age, although the units can only be occupied once the owner turns 55. It pays to think ahead. As Bradfield says: ‘There is huge demand for retirement properties around the country, and – as South Africa’s fastest-selling development – Phase one of Shoreline is already 70% sold out.’ When purchasing off-plan, buyers also benefit from having no transfer duty payments, and Carmel Properties have additionally agreed to cover the levy stabilisation fee of each owner to help 42 | www.estate-living.co.za reduce upfront costs. Annual levies are based on the square meterage of units, and a proportion of the costs goes towards the services provided by the Care Centre. Innovative financing By partnering with Lombard Insurance Company Limited, who are a niche, specialised risk insurer, Shoreline Sibaya has claimed the title as the first and most innovative retirement development to provide a financial solution for retirees looking to buy retirement properties without (or before) selling their existing family homes. ‘This ground-breaking solution to securing a guarantee for off- plan developments for retirees will bridge the gap in retirement investment and allow retirees to plan ahead for their golden years without fear,’ says Bradfiled. ' ‘This is a first for the retirement industry,’ explains Alan Beesley, Director, Carmel Properties. … and we are incredibly thrilled that we can now present this opportunity to help retirees secure their dream retirement in Shoreline Sibaya. By utilising this service, investors are able to plan ahead and take the next step into retirement easily. It can be a challenge to free their money and then have to wait for the development to complete construction. This solution helps bridge that gap and gives them a fair chance to invest in unsurpassed off-plan developments, like Shoreline Sibaya. Construction is well under way, and the first residents are set to move in towards the end of 2019. Contact for more information Shoreline Sibaya sales 087 095 1658 Piccadilly Properties | 031 502 1952 | [email protected] Natalie Bradfield | 082 4666 506 | [email protected] Patrick de Fleuriot | 079 287 1989 | [email protected]