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
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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]