Mauritius retains its attraction
apartments in 2Tribes developments are able to join a rental pool which markets their units to the growing tourism market visiting Mauritius, with rental income generating promising returns on investment between 4% and 7%.
Associated with 2Tribes as exclusive agents from the outset, Pam Golding Properties has successfully sold these three developments. At Cape Bay, with cafe, lap pool and concierge and within walking distance of the beach, 42 of the total of 49 modern, luxury apartments have been sold at a total value of R205m and handed over to purchasers, while at La Residence, an exclusive resort comprising only 26 simplexes and duplexes in a lush garden setting also a stroll from the beach, 20 units have been sold for R100m. At the third development, Element Bay Beach, 16 of the total of 19 high-end apartments have been sold for R96m. With a gym, swimming pool, water sports equipment and concierge, this development is directly opposite the beach. Construction is under way and should be completed within the next 12 months.
Says De Lamaziere: “Following the strong demand for these developments an extension of Ele- ment Bay Resort has been launched with 30 two-and threebedroom, simplex and duplex units all enjoying the same amenities as Element Bay Beach, and priced from R2,8m. Ideal for family holidays, getaways or for those seeking a comfortable retirement, Element Bay Resort is located a few minutes from Grand Baie, known as the St Tropez of Mauritius. This development offers owners access to a wide variety of attractions, which in addition to some of the best beaches in the world include vibrant restaurants, sought after shops and state-ofthe-art sports facilities.”
Providing easy access to a picturesque beach, Element Bay captures the essence of luxury, islandstyle living in a resort environment. While the apartments overlook the resort’s swimming pool, residents can also benefit from the wide array of water sports facilities provided by the nearby Coin de Mire Hotel. Each apartment has a parking bay, as well as a private terrace or balcony while ground floor units have private terraces extending into the tropical, landscaped garden. In a contemporary design and with superior finishes, furniture packages are also available on request.
De Lamaziere says that the ongoing resilience and strength of the Mauritian economy is evident “not only in the real estate industry, with many residential developments catering for local buyers currently under way, but also in the retail sector. Mauritius’s first super mall, Bagatelle, Mall of Mauritius, opened at the end of last month, comprising in excess of 40 000m². Developed in a joint venture between Mauritius’s ENL Group and South African developer, Atterbury Property Developers, the mall’s anchor tenants include Pick n Pay and Woolworths, while the main architect is Gauteng-based Boogertman & Partners. Pick n Pay has also committed to two new regional shopping centres — on the west coast and in the Grand Baie area — which are being developed in conjunction with the South African company, Retail Africa.” Contact: Pam Golding Properties Fabrice Orengo de Lamaziere 082 492 9756 Office 021 762 2617