Estate Living Magazine Smart Moves - Issue 38 February 2019 | Page 24

P R O P E R T Y
&
I N V E S T M E N T
The buzzword, from a development point of view, is the Sibaya
Coastal Precinct, with its pristine coastal forest and proximity to
the beautiful North Coast beaches. Additionally, it’s close to both
the airport and to the urban buzz and business hub of uMhlanga,
should that be important to you. The developments here are in high
demand, with investors getting the lion’s share. Ocean Dune and
Pebble Beach both sold out within months of launching – if you’re
lucky you may pick up a resell. Clearly purchasing here would be
a great investment … for your property portfolio as well as your
lifestyle.
Lush
So, what are the options? Duplex, simplex, or apartment? Something
needing a little TLC, or a beautiful new build? TLC doesn’t quite fit
the new lifestyle, you think, and duplex might become problematic
as you age (it does happen, unfortunately). So, a stylish new build,
simplex or apartment in a secure estate is what you would be looking
for – keep in mind that when you’re purchasing a new build, or off-
plan, transfer duty does not apply.
If you’re in suburban Cape Town you may think you’re even
luckier considering the price of property in that neck of the woods
(potentially R4+ million) – but before you get too excited, your
downsized property is also likely to come with a hefty price tag. So,
what are the options once you’ve decided that leaving the suburban
bliss of the northern or southern suburbs is for you? If it’s a lock-up-
and-go urban lifestyle you’re chasing, then the obvious would be to
head into the city … Green Point, Sea Point and Woodstock come
to mind. But note – the closer you get to the ocean, the higher the
prices.
So, if you aren’t keen to bust that budget, consider looking at
Woodstock. While this area is mostly targeting up-and-coming
young buyers, if you’re looking for an investment that is lock up and
go, then this could be a good option. Urban Artisan Apartments,
set for completion in December 2019, are already almost sold
A great place to start the search is in New Salt Rock City, a new
multifaceted development that’s just a 15-minute drive from
King Shaka International Airport. The Mount Richmore Village
Estate offers a vast array of lifestyle facilities including clubhouse,
swimming pool and sports facilities, all set in indigenous forest,
wetland and greenbelt areas. Mount Richmore’s Lifestyle Village
offers both apartment living – priced from R1.6 million for a one-
bedroom apartment up to R2.5 million for a two-bedroom simplex
– and three-bedroom freestanding homes priced at more than R3
million.
Another great development in that area is the Elaleni Coastal Forest
Estate located in Sheffield Beach. Elaleni, with its forest walks and
trail runs and commitment to sustainability, is ideal if you’re looking
for a lifestyle that is immersed in nature – think bird-watching
from the privacy of your veranda to swimming laps in the Elaleni
Leisure Centre pool while listening to the breeze rustle through the
surrounding forest. It’s not all about nature and warm fuzzy feelings
though – the estate integrates state-of-the-art security and modern
design. Within Elaleni, Lush offers chic 2 and 3-bedroom Condos
and Villas priced from R2.49 million. Phase 1 has sold out and
Phase 2 has launched with great success. Site establishment is now
underway and construction is anticipated to start imminently.
Urban Artisan Apartments