North­ern sub­urbs es­tate just keeps grow­ing

First-time buy­ers and in­vestors show ap­petite for huge Tyger­berg de­vel­op­ment

Weekend Argus (Saturday Edition) - - PROPERTY -

BUH-REIN Es­tate, the mas­sive new Tyger­berg sub­urb, will in­clude 3 241 flats, 133 free­stand­ing homes and 137 townhouses as well as all re­lated life­style ameni­ties when com­plete.

Homes and flats in Buh-Rein Es­tate have been sell­ing at an aver­age rate of 20 properties a month since its launch, ac­cord­ing to Ri­aan Roos, chief ex­ec­u­tive of MSP De­vel­op­ments, the es­tate’s de­vel­oper.

One- bed­roomed units are priced from R359 900, two-bed­roomed units from R429 900, three- bed­roomed units from R569 900, townhouses f rom R784 900 and free- stand­ing houses from R1 099 900. Se­cur­ing de­posits start from R5 000.

“More than 400 homes have been sold in the es­tate since Jan­uary 2011. Close to 300 own­ers have al­ready taken trans­fer and have moved in or rented them out,” Roos says.

Pro­ject man­ager Jo­hannes Theron says the es­tate man­age­ment cen­tre/sport club­house is com­plete and var­i­ous ser­vice providers are op­er­at­ing from there. Th­ese in­clude Buh-Rein Prop­erty Man­age­ment, which man­ages the es­tate, and Protea Coin Se­cu­rity, which runs and mon­i­tors the five-tier se­cu­rity sys­tem. This in­cludes 24-hour on-site patrol ve­hi­cles, precinct ac­cess con­trol, re­mote ac­cess gates and perime­ter fenc­ing at each com­plex, and 186 daynight CCTV and dome cam­eras linked to the con­trol room. Wire­less in­ter­net ser­vice is con­trolled from the cen­tre, and MSP’s sales and rentals of­fices are also based there.

“Land­scap­ing is on­go­ing, with about 45 per­cent com­pleted. Plant­ing on the sports field has been done and it will be event-ready by the end of the year.

“Eighty per­cent of all un­der­ground ir­ri­ga­tion lines have been in­stalled. Paths are be­ing paved on the pub­lic open space ar­eas on Zand­vliet Drive and Buhrein Drive, with low light­ing and plant­ing to com­mence shortly af­ter. Of the 56 sin­gle res­i­den­tial units along Water­ford Av­enue and Cam­ber­ley Cres­cent, 28 are com­plete and nine are now un­der con­struc­tion, while plans for the bal­ance have been sub­mit­ted to coun­cil for ap­proval.

“At Claren­don Hills, a group hous­ing scheme con­sist­ing of 40 units, the show­house and bound­ary wall are vir­tu­ally com­plete, four units are un­der con­struc­tion and an­other 35 plans have been sub­mit­ted.

“In the sec­tional ti­tle units, con­struc­tion is com­plete at Spring­fiel d Cl o s e, which in­cludes Plai­sance (39 units), Leabrook (28 units), Ash­bury (46 units) and Che­val (44 units). Del­heim Close is also com­plete, which in­cludes Sere­fino ( 42 units), Knot­ting Hill (39 units), and Clay­more (53 units). At Blaauwk­lip­pen Close con­struc­tion is com­plete, and Fern­grove (56 units) and Bar­wick Vil­lage (30 units) will be com­pleted by Novem­ber.

“Top struc­ture con­struc­tion will start at La Rosa (58 units) in Septem­ber. At Zand­wijk Close con­struc­tion is un­der way at Saint Clair (60 units) and ex­pected to be com­plete by Oc­to­ber. At Kaapzicht Road civil ser­vices started in July at Rosenville (79 units) and the top struc­ture con­struc­tion will start in Au­gust,” Roos says.

“B u h - Re i n E s t a t e h a s at­tracted a large num­ber of first-time and in­vestor buy­ers. The main rea­son for this is that it’s a brand-new and well-mon­i­tored, se­cure life­style es­tate. Our pric­ing op­tions also make it pos­si­ble to ac­com­mo­date var­i­ous types of buy­ers. Its lo­ca­tion can­not be bet­ter – the es­tate has a ru­ral feel, yet is only 3km away from the N1.

“The planned shop­ping cen­tre will pro­vide all the con­ve­nience res­i­dents could hope for.”

MSP is mar­ket­ing Peli­grino (sec­tional ti­tle, 54 units) and Tibali Lane (sec­tional ti­tle, 24 units), with prices start­ing at R519 900. Rentals start at R4 000 a month – a 9.2 per­cent gross yield. Roos says more group hous­ing and sec­tional ti­tle sites will be launched soon.

Buh-Rein Es­tate is on show daily be­tween 9am and 5.30pm. An in­vestor evening will be held at MSP De­vel­op­ments on July 24, where 15 units will be of­fered at spe­cial rates.

Call 021 810 5400 or see www.buhrein.co.za

RU­RAL FEEL: Leabrook has been com­pleted at Buh-Rein Es­tate and con­sists of 28 sec­tional ti­tle units.

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