COMPANY PROFILE
Bahari Bay investment opportunity
The bulk of the demand is from people moving to the area from Gauteng or traditional KZN metropolitan suburbs . The traditional model of working in the city and enjoying the seaside on holiday or retirement has also been upturned .
People are now looking to live the holiday lifestyle through remote working or hybrid working models . It is not surprising that in recent years , we ’ ve seen a marked trend among home buyers and investors participate from other provinces , most notably semigrators from Gauteng .
Seaside property prices are comparatively much lower than other South African destinations , with the KZN South Coast enjoying year-round subtropical weather and great facilities
Since taking transfer in Deeds Office on 12 December 2022 Tieleo has sold 51 plots of which 46 already transferred to the final buyers . At time of writing phase one has sold out 60 % while phase two was sold to a private consortium of local architects boasting some very high end stylish designs .
The Estate will boast a signature
Mountain Bike Trail and fulltime building of this trail has commenced on 27 February 2023 by trail building legend Hylton Turvey ( https :// youtu . be / OZEaRtB5hzs ) and are scheduled to open on 31 June 2023 .
Some well-known Bahari Bay investors that have bought plots in Bahari Bay include local Sharks rugby player James Venter and Lions rugby player Marius Louw with an array of high end investors who have invested into the Bahari Bay estate . The first home plans from buyers have been submitted to
32 MARCH / APRIL 2023 SA Real Estate Investor Magazine