Flats in new development sell fast
BUYERS snapped up 41 of the 60 flats totalling R47.2 million in phase one of Avenida, Rabie Property Group’s latest development in Burgundy Estate, Cape Town over the launch weekend.
Brian Usher, sales director of Property World, the exclusive agents for Rabie’s new developments in the precinct, says the market response to this new secure estate has exceeded all expectations with sales accounting for 68 percent of units available and 67 percent of the total value.
“There is no doubt this is due to the exceptional value these apartments offer with prices starting at R850 000 for one-bedroom units and two- bedroom units from R990 000 including VAT and parking.”
Usher says the good news for those unable to make it to the launch weekend is that there are still plenty of great opportunities available for would-be buyers.
“All the one-bedroom units in the first phase have gone but there is still a good choice of twobedroom units with one and two bathrooms available.”
Usher says all two-bedroom units have parking for two vehicles – either one parking bay and a garage or two parking bays.
“I don’t think this has ever been done before in Burgundy where many of the earlier developments offer only one bay for each apartment.”
He says in spite of the high parking ratio and generous number of visitor parking bays being provided, the developers have ensured there would still be plenty of wide open green space, with a number of pocket parks and lush landscaping as well as a host of other communal facilities including a swimming pool and a clubhouse, braai facilities and a children’s play area being provided.
Most of the units in Avenida are north facing and all will have Fibre to The Home providing residents with high speed internet connectivity which according to Usher is proving to be an essential requirement these days.
Designed by Boogertman & Partners Architects, the flats are being built in a cluster of threestorey blocks which will be orientated to maximise garden and mountain views and to provide pockets of private open space.
Construction is due to begin in February. See www. burgundy estate.capetown
Avenida, Rabie Property Group’s latest development in Burgundy Estate in Cape Town.