New Rabie development at Burgundy Estate now launching in Mother City
PHASE one of a new secure development comprising a total of 181 apartments and town houses set in landscaped gardens in Burgundy Estate Cape Town is now being launched.
To be known as Zarina after the famous filly of Sir De Villiers Graaff who farmed the neighbouring De Grendel wine and stud farm, the R200-million project is being developed by the Rabie Property Group in a joint venture with Nedbank.
One- and two- bedroom apartments, which will vary in size from 53m² including balconies to 88m² are priced from R750 000 to R1.235m and threebedroom town houses are priced from R2.2m including VAT.
Rabie development manager, Miguel Rodrigues, says these prices equate to around R14 000/m² for a product that is being delivered from early to mid 2017.
“We have been able to achieve exceptional value for money through economies of scale as this is a much larger development than what has been done to date at Burgundy Estate and due to our relationship with the contractor.
“This has also allowed us to provide a range of communal facilities including a swimming pool, a clubhouse, plenty of private open space including a play park and other play areas making it an ideal home for young families.”
In the first phase, seven onebedroom apartments, 46 twobedroom apartments and seven town houses will be built, and 10 one-bedroom units, 42 twobedroom apartments and nine town houses will be built in phase two. The final phase will comprise 12 one- bedroom apartments and 48 two- bedroom apartments. Each apartment will have one allocated bay and the remaining bays will be pooled for communal use and visitors, says Rodrigues. The entire development will have perimeter fencing with a gatehouse and 24hour manned security.
This is the second residen- tial development to be undertaken by Rabie and Nedbank at Burgundy Estate but the first to be offered for sale to the public.
The entire first project, Vermont, consisting of 190 one-, two- and three-bedroom apartments has been bought at a cost of R200m by a private investor for rental stock.
Construction of Zarina is expected to start in March with the first phase scheduled for completion in early 2017.
The public launch will take place on site on November 14 and 15. To register interest and to be invited to a VIP prelaunch starting on Wednesday visit www.burgundyestate.capetown.
STUNNING: Artist’s impression of Zarina, the latest development to be launched at Burgundy Estate Cape Town.