Is­land life­style lures in­vestors

More op­por­tu­ni­ties for prop­erty own­er­ship abound in Mau­ri­tius, writes Michelle Swart

Business Day - Home Front - - HOMEFRONT -

CRU­SADER Rock In­ter­na­tional, mar­ket lead­ers in sell­ing Mal­tese prop­erty, have spread their wings and, to­gether with their sis­ter com­pany Monarch&co, now of­fer those look­ing for over­seas prop­erty in­vest­ments a wider port­fo­lio of prop­erty op­tions in hand-picked ter­ri­to­ries, in­clud­ing the Fed­er­a­tion of Saint Kitts and Ne­vis, Canada, Bul­garia, the UK, Mau­ri­tius, Malta and Cyprus.

James Bowl­ing, Cru­sader Rock MD, says: “While many of our schemes meet the de­mands of clients look­ing for op­por­tu­ni­ties with EU ben­e­fits, we have a large pro­por­tion of clients look­ing to stay close to home but want­ing to ex­pand their in­vest­ment port­fo­lios. The idyl­lic is­land of Mau­ri­tius and its res­i­dence in­vest­ment scheme make for a highly at­trac- tive in­vest­ment op­tion for those not want­ing to stray too far from the south­ern tip of Africa.”

The res­i­dence pro­gramme is at­trac­tive to those seek­ing to bask in the tran­quil life­style this is­land com­mu­nity of­fers, as well as utilise the grow­ing im­por­tance the coun­try is en­joy­ing as a global fi­nan­cial ser­vices cen­tre and in­vest­ment gate­way into Africa.

“Not only is Mau­ri­tius a pop­u­lar des­ti­na­tion for honey­moon­ers and hol­i­day­mak­ers, it has just been voted the World’s Lead­ing Is­land Des­ti­na­tion from the World Travel Awards for the third year run­ning, tes­ta­ment of what this is­land has to of­fer,” he says.

Tak­ing up res­i­dence in Mau­ri­tius has tax and life­style ad­van­tages and of­fers SADC cit­i­zens a range of ben­e­fits and in­cen­tives, such as be­ing able to move un­lim­ited cap­i­tal into res­i­den­tial real es­tate in Mau­ri­tius with­out be­ing sub­ject to ex­change con­trol re­stric­tions and with South African Re­serve Bank ap­proval.

To gain res­i­dence sta­tus a min­i­mum in­vest­ment of $500 000 is needed in a res­i­den­tial prop­erty through one of two qual­i­fy­ing de­vel­op­ment pro­grammes: IRS and RES.

AO, a qual­i­fy­ing RES de­vel­op­ment on the north coast of Mau­ri­tius, of­fers an op­por­tu­nity in the pop­u­lar Grand Baie area.

Grand Baie’s charm lies in the qual­ity of its wa­ters and lively at­mos­phere by day and night. In­dulge in a feast of top shop­ping, res­tau­rant and bar fa­cil­i­ties or re­lax on one of the many beau­ti­ful beaches and en­joy the sunset from the warm wa­ters. Grand Baie is the heart of Mau­ri­tian life­style and home to a large num­ber of ex­pats liv­ing on the is­land.

Rarely does a de­vel­op­ment of­fer such care­fully thought out de­sign, max­i­miz­ing open spa­ces that draw in the light and sur­round­ing beauty. Care­fully cho­sen ma­te­ri­als cre­ate a strong aes­thetic feel­ing that is easy to main­tain and makes use of nat­u­ral prod­ucts such as stone, nat­u­ral slate and wood. These com­pli­men­tary com­bi­na­tions of ma­te­ri­als cre­ate strik­ing con­trasts of tex­tures.

The de­vel­op­ment will of­fer in­vestors a choice of 30 lux­ury res­i­dences, vil­las and town­houses, set in for­mally land­scaped gar­dens with care­fully de­signed pools that thread their way around the res­i­dences.

The de­vel­op­ment, which has not been launched yet of­fi­cially, is due to be com­pleted in the sum­mer of next year. Units will start from about R6,2m for a two-be­d­room, two-bathroom apart­ment mea­sur­ing 186m², and are ex­pected to go up to about R12,5m for a four-be­d­room, four-bathroom villa mea­sur­ing 446m² un­der roof, with a 407m² gar­den.

Con­tact:

Cru­sader Rock James Bowl­ing 011 883 9028

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