Early in­vestors are reap­ing prof­its at Bardale Vil­lage

Weekend Argus (Saturday Edition) - - PROPERTY -

PHASE TWO of the eight-phase Bardale Vil­lage, a se­cu­rity life­style vil­lage in Kuils River, is about to be launched. This will con­sist of 423 homes to the 538 built so far – of which nine still re­main to be sold.

As be­fore, the homes will be in a Cape Dutch style with flat roofs, para­pet walls and curved gables com­ple­mented by pale ochre façades.

Prices range from R383 990 for a 58m² two-bed­room unit to R524 990 for a 112m² four-bed­room unit. All the one-bed­room units have been sold.

Those who had bought at the launch in 2004 have al­ready seen a cap­i­tal ap­pre­ci­a­tion of 40 per­cent in the value of their homes, says Michael Bauer, manag­ing di­rec­tor of IHPC (Pty) Ltd, which is con­trol- ling the de­vel­op­ment.

“Bardale Vil­lage is the most am­bi­tious pri­vate en­ter­prise af­ford­able hous­ing project on the go in Cape Town at present. It will con­sist of 3 500 homes cov­er­ing a 90ha site and the mar­ket­ing and construction pro­grammes could con­tinue right through to 2020, al­though a big sales pickup is ex­pected from the mid­dle of next year,” says Bauer.

“We have made it our aim to cre­ate value and stan­dards that would not nor­mally be found in this price range.

“We in­stall solid wood counter tops in the kitchens, built-in cup­boards in the bed­rooms, car­pet­ing with felt un­der­lays in the bed­rooms, baths and show­ers in the bath­rooms, and in the larger units the main bed­rooms are en suite… Noth- ing quite as good as this has been seen pre­vi­ously at th­ese prices in the West­ern Cape.”

The vil­lage is en­cir­cled by elec­tri­fied fenc­ing with CCTV cam­eras at crit­i­cal points. Each will have its ow n h o me o wne r s ’ a s s o c i a t i o n re­spon­si­ble for se­cu­rity, among other things, and ev­ery house will also have its own bur­glar alarm.

All com­mu­nal ar­eas are land­scaped and about 2 000 trees will be planted on the 90ha es­tate.

Bauer says the com­mu­nal fa­cil­i­ties will in­clude two shop­ping cen­tres, com­mer­cial and med­i­cal cen­tres, as well as two pri­mary and two high schools.

The de­vel­oper has been in talks with the Depart­ment of Ed­u­ca­tion and hopes to get the go-ahead on a pub­lic/pri­vate part­ner­ship pro­posal that will greatly speed up the construction of the schools.

Bauer says the sat­is­fac­tory takeup by buy­ers de­spite the re­ces­sion of the past 18 months can be at­trib­uted to hav­ing well-trained prop­erty con­sul­tants on site as well as an on-site ooba bond orig­i­na­tion of­fice.

Bauer says in­vestors are reap­ing rents of R3 200 a month for a twobed­room unit and R4 200 for a fourbed­room unit. This equates to gross re­turns, be­fore levy de­duc­tions of 10 to 12 per­cent a month.

He says Bardale Vil­lage is ideally placed for com­muters trav­el­ling to Bel­lville, Dur­banville, Cen­tury City, Stel­len­bosch, Som­er­set West and the Cape Town CBD.

Call the site sales of­fice on 021 9090 301 or visit www.bardale vil­lage.co.za.

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