New Ra­bie de­vel­op­ment at Bur­gundy Es­tate now launch­ing in Mother City

Weekend Argus (Saturday Edition) - - PROPERTY -

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.

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