Rock­ridge pro­ject gar­ners in­ter­est

A new de­vel­op­ment set to be built on a prime lo­ca­tion in Umh­langa in Kwazulu-na­tal has al­ready gar­nered a great deal of in­ter­est. Lea Jacobs in­ves­ti­gates

Business Day - Home Front - - HOME FRONT -

LONG re­garded as the play­ground of the rich and fa­mous, Umh­langa has blos­somed in re­cent times and now fea­tures a won­der­ful mix of up­mar­ket homes and a thriv­ing com­mer­cial sec­tor.

Viewed by many as boast­ing one of the most beau­ti­ful coast­lines in the world, ini­tial de­vel­op­ment in the area started off as a beach cot­tage called the Oys­ter Box. It was not long be­fore oth­ers, at­tracted by the sub­trop­i­cal cli­mate started to flock to the area and by 1931 Umh­langa Rocks fea­tured nu­mer­ous cot­tages, shops, ho­tels and guest­houses. The Oys­ter Box Ho­tel, which has hosted var­i­ous celebri­ties and roy­alty in­clud­ing Prince Al­bert and Princess Charlene of Monaco, was built in 1947 on the site of the orig­i­nal cot­tage. In­ter­est­ingly, the tin roof of the Oys­ter box was used as a nav­i­ga­tional bea­con un­til 1953 when the now-fa­mous light­house was built.

What started off as a small, sleepy sea­side vil­lage has grown into an up­mar­ket metropolis of pave­ment cafes and restau­rants, high-class bou­tiques and some of the chicest ho­tels in SA.

The fact that big busi­ness has moved out of cen­tral Dur­ban and now re­sides vir­tu­ally on Umh­langa’s doorstep has boosted prop­erty de­vel­op­ment in the area and any­thing new is bound to at­tract at­ten­tion.

Light­stone statis­tics re­flect the on­go­ing de­mand and the fig­ures show that 92 sec­tional-ti­tle units and 19 free­hold properties have been trans­ferred this year.

Sales have re­mained fairly con­sis­tent and while the price of sec­tional-ti­tle prop­erty has been some­what static since 2008, the prices of free­hold prop­erty in the area have soared. That said, the aver­age price paid for a sec­tion­alti­tle unit in Umh­langa Rocks re­mains at a healthy R2.361m. The value of num­ber of sec­tional-ti­tle units sold so far this year is R217.213m.

The news that Tongaat Hulett had re­ceived per­mis­sion to de­vel- op the Umh­langa Rid­ge­side area was an­nounced in 2007. For­merly the site of sugar cane fields, it is not sur­pris­ing that the news that 140ha of prime coastal real es­tate was go­ing to be de­vel­oped and would fa­cil­i­tate de­vel­op­ment com­pris­ing 150,000m² of com­mer­cial/mixed-use space, 100,000m² of of­fices and 3,000 res­i­den­tial units, gar­nered a great deal of in­ter­est.

If the num­ber of peo­ple who at­tended the launch of Rock­Ridge, de­vel­oped by VSM In­vest­ments, and the first mixed-use de­vel­op­ment in the Rid­ge­side precinct, is any­thing to go by, that in­ter­est has not waned. Sit­u­ated be­tween Umh­langa Gate­way and Umh­langa Rocks Vil­lage on Umh­langa Rocks drive and only a 15-minute drive from King Shaka Air­port, the de­vel­op­ment lit­er­ally has some­thing for ev­ery­one. In ad­di­tion to the panoramic sea views on of­fer, the Precinct has in­cor­po­rated some of the world’s finest ur­ban plan­ning that is set to cre­ate a vi­brant city life all set in an area that fea­tures lush green parks, tree-lined boule­vards, pi­az­zas as well as a net­work of walk­ing and cycling trails.

The de­vel­op­ment of­fers 79 one-, two-, three- and four-bed­room pent­house apart­ments, with a high-end, ground-floor re­tail com­po­nent.

Each unit has ad­join­ing garages via a drive-up ramp, with am­ple park­ing for vis­i­tors on the same level as the apart­ments. Price: From R1.755m to R11.9m Con­tact: Rock­Ridge Sales Stu­art Fer­gu­son 087 231 1585 Of­fice 076 426 2333

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