Breaking new ground in Brackenfell
Brackenfell/Burgundy in the northern suburbs of Cape Town is home to a new development looking to deliver around R1bn in sales in the next three years. Michelle Funke finds out more
WITH a total sales figure of around R1bn to be achieved over a two and a half to threeyear period, a new residential development in the Cape Town suburb of Burgundy, which will deliver over 600 homes, is now being brought onto the market.
About two months ago, the Rawson Property Group Brackenfell Roslyn franchise sold 80ha of rezoned agricultural land in Burgundy, an area southwest of Brackenfell with good views of Table Mountain, to a consortium of Cape residential developers. The developers, Brick ’n Board, Trinity Projects, Innovia and MSP, paid R187m for the land. All, says Rawson Brackenfell Roslyn franchise owner Andre Swart, are recognised front-runners in residential property development and are well known for being able to give value for money.
“The great advantage of having four developers,” says Rowan Alexander, Rawson Brackenfell Roslyn’s sales manager, “is that we will get exceptionally fast deliveries — over 20 homes per month will come on stream by August next year and as each developer will be offering different styles, there will be a wonderful variety of fixtures and fittings to choose from. What is very unusual on this type of development, buyers will even be allowed to alter the home layouts and in many cases this will not cost them anything extra.”
On offer will be around 300 single residential units, on plots of roughly 500m² each, approxi- mately 200 townhouses in security complexes and around 100 apartments.
“What we can guarantee,” says Swart, “is that the finishes are well above what is normally available in this price bracket. The will include granite tops, solid or laminated wood flooring, bulkhead ceilings and alarm systems as well as features such as indoor braai facilities, while conforming to the latest energy efficiency standards. In addition, all the townhouse schemes and the apartment developments will be well protected by security fencing and other security measures. The developers will also jointly facilitate the development of 13 parks and their landscaping over the full 80ha.”
Swart has previously commented that no one new residential development in the entire Greater Cape Town area has seen such strong on-going demand as the Burgundy area. In the last two years, he says, property values have increased by over 20%.
“One of the big draw cards in this development,” he says, “is that a top private school development group, already well known in SA, has committed itself to building both a preschool and a primary school and these will be completed in time for the 2015 school year.
“I have to stress again,” says Alexander, “that this could be the last chance to buy in a Brackenfell mega-development. As far as we know, no other developers will ever be able to get hold of such a large and well sited tract of land nor will they be able to find land on offer at such an affordable price. This represents a very big step up for the entire area.”