Azure on the Bay nears com­ple­tion as han­dovers im­mi­nent

Weekend Argus (Saturday Edition) - - PROPERTY -

BUY­ERS at As­rin Prop­erty De­vel­op­ers’ Azure on the Bay de­vel­op­ment at Big Bay will be­gin to re­ceive the keys to their apart­ments soon, with prac­ti­cal com­ple­tion now hav­ing been reached and full com­ple­tion of the de­vel­op­ment ex­pected by the mid­dle of next month, says Shi­raaz Has­san, com­mer­cial di­rec­tor for As­rin.

Con­struc­tion be­gan 16 months ago and since then con­fi­dence in the mar­ket and the prod­uct has im­proved, he says.

“Of the 83 apart­ments only three are left for sale and he ex­pects th­ese to be sold by the time han­dovers be­gin. Apart­ments were priced from R1.8 mil­lion to R3.5m, and the last three are priced around R2.6m.

“Buyer com­mit­ment was very high from the be­gin­ning with many will­ing to put down as much as 50 per­cent to 70 per­cent of the list­ing price as cash de­posits.”

Has­san says buy­ers were at­tracted by the de­sign of the build­ing, with its land­scaped, shel­tered com­mu­nal court­yard area with a pool, base­ment park­ing, and view cor­ri­dors placed so that each unit has a view of ei­ther Ta­ble Bay, the court­yard or the sea. In ad­di­tion, be­ing close to the sea and a stone’s throw from the pop­u­lar Eden on the Bay re­tail and life­style cen­tre al­lows dis­cern­ing buy­ers to en­joy the West Coast beach life­style with­out hav­ing to drive any­where.

“The fact that buy­ers get all the ben­e­fits of beach­front liv­ing at a frac­tion of the cost of many of the At­lantic seaboard sub­urbs has con­trib­uted to Azure’s pop­u­lar­ity and we look for­ward to hand­ing the units over to the new res­i­dents here,” says Has­san. “Many of the units have al­ready gained an average of eight per­cent above in­fla­tion in value since the de­vel­op­ment’s launch.”

For more de­tails, call Has­san on 021 713 3012 or email mar­ket­ing@as­rin.co.za

As­rin Prop­erty De­vel­op­ers’ Azure on the Bay de­vel­op­ment at Big Bay of­fers a beach life­style.

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