Com­mute to coastal haven

Michelle Swart finds out more about sec­tional ti­tle ho­tel apart­ments in Bal­lito that are up for grabs

Business Day - Home Front - - HOMEFRONT -

AVILLAGE life­style with big city ameni­ties has made Bal­lito on the KwaZulu-Na­tal North Coast pop­u­lar with prop­erty in­vestors and hol­i­day-mak­ers.

Be­cause of this, says Lloyd Rees, one of Tyson Prop­er­ties’ fran­chise own­ers in Bal­lito, it is at­tract­ing a range of buy­ers that in­cludes sin­gle pro­fes­sion­als, re­tirees, young fam­i­lies and hol­i­day-home own­ers. A note­wor­thy trend is more per­ma­nent res­i­dents in this sea­side lo­ca­tion.

Rees says that Bal­lito not only of­fered bet­ter value than Umh­langa but also a hol­i­day am­bi­ence with­out heavy traf­fic.

He says that at present the split be­tween sales from lo­cal buy­ers and those from out­side KwaZu­luNatal is 60 to 40.

How­ever, Rees says that this split was quickly equal­is­ing with just 60% of prop­erty own­ers be­ing hol­i­day own­ers as op­posed to 90% two years ago.

Hol­i­day apart­ments were usu­ally priced at un­der R2m, with own­ers rent­ing them out to help to pay their bonds. Buy­ers in­vest­ing more tended to keep their prop­er­ties for their own use.

He says that Bal­lito is fast be­com­ing a favoured com­muter hub. With the ad­vent of the on­line of­fice and an in­ter­na­tional air­port just 20 min­utes away, busi­ness- men were elect­ing to es­tab­lish their fam­i­lies in an area that of­fered a qual­ity life­style and then work from home of­fices or com­mute to large cen­tres out­side the prov­ince for busi­ness pur­poses.

With more young fam­i­lies putting down roots in Bal­lito, Rees says that prop­er­ties within se­cure, gated es­tates were in de­mand.

Tyson Prop­er­ties has ac­cred­i­ta­tion at six out of the seven gated com­mu­ni­ties, where price ranges vary con­sid­er­ably, he says.

Rees says that en­try level prop­er­ties are priced at be­tween R1,2m and R3m at Seaward Es­tate, and in­crease from there to some of the higher price tags in se­cure res­i­den­tial es­tates such as Zim­bali and Sim­bithi be­tween Bal­lito and Tin­ley Manor.

In ad­di­tion to the se­cu­rity fac­tor, he says ameni­ties in­clude at least four good schools, the Al­ber­l­ito Hos­pi­tal, three shop­ping malls, beaches and en­ter­tain­ment venues to make up the per­fect place to bring up chil­dren.

“Bal­lito of­fers the best of ev­ery­thing. There’s some­thing for ev­ery­one,” Rees says.

He claimed that Bal­lito was the clos­est qual­ity beach des­ti­na­tion for Gaut­eng hol­i­day-mak­ers, mak­ing it an ideal place to buy a hol­i­day home.

He says it has the added at­trac­tion of good golf cour­ses — Sim­bithi, Zim­bali, Prince’s Grant and Umh­lali.

Rees be­lieves that growth of the Bal­lito prop­erty mar­ket will be on­go­ing. That the Dube Trade Port is still in the early stages of de­vel­op­ment, and fur­ther de­vel­op­ment is planned for the air­port, means that Bal­lito will con­tinue to at­tract lo­cal and na­tional con­trac­tors and pro­fes­sion­als for some time to come.

In ad­di­tion, says Rees, mu­nic­i­pal­i­ties serv­ing Bal­lito and its sur­rounds have made long-term com­mit­ments to in­vest­ing in so­phis­ti­cated in­fra­struc­ture, in­di­cat­ing their con­fi­dence in con­tin­ued growth. “This is not a short-term boom. It is all about sus­tained de­vel­op­ment,” Rees says.

Sec­tional-ti­tle ho­tel apart­ments in Bal­lito are due to be put on the mar­ket this month by eLan Prop­erty Group.

These sec­tional-ti­tle ho­tel apart­ments at The Manors Ho­tel & Con­fer­ence Cen­tre, a 100 unit, 200-room ho­tel lo­cated on Manor Es­tates, will be man­aged by Three Cities Ho­tels.

Sit­u­ated on one of the fastest­grow­ing es­tates on the North Coast and on the ur­ban edge of the Bal­lito new town cen­tre, the po­si­tion and lo­ca­tion of this in­vest­ment is ideal, Rees says.

He says that tak­ing full ad­van­tage of its prox­im­ity to the King Shaka In­ter­na­tional Air­port and the grow­ing hub of Bal­lito, The Manors will yield at­trac­tive re­turns for in­vestors.

The ho­tel on com­ple­tion will in­clude a 300-seater con­fer­ence venue, the big­gest in Bal­lito, with two break­away rooms, a well­ness spa with four treat­ment rooms, as well as a restau­rant and bar.

Rees says that es­sen­tially, for R995 000 in­vestors can buy a 69m², fully fur­nished apart­ment made up of two in­ter­lead­ing ho­tel rooms. Each room can be let out in­di­vid­u­ally as two dou­ble rooms or com­bined as a fam­ily suite.

This added flex­i­bil­ity in the de­sign al­lows for in­creased room­rental op­por­tu­ni­ties.

He says that all prof­its of the ho­tel are split among the own­ers on a par­tic­i­pa­tion quo­tient ba­sis, while eLan will re­tain own­er­ship of the con­fer­ence fa­cil­ity, well­ness spa and food and bev­er­age com­po­nents, there­fore re­duc­ing risk and over­heads in these ar­eas.

“The suc­cess of any ho­tel is based on oc­cu­pan­cies achieved. We have con­ducted ex­ten­sive re­search on the North Coast and found that there is an ev­er­in­creas­ing de­mand for stock in this area,” says Mark Tay­lor, CEO of the eLan Group.

He says with the in­creas­ing de­mand for cor­po­rate and leisure stock on the North Coast, this is an in­vest­ment model that is sure to reap re­wards for its in­vestors.

“For many years ho­tel room in­vest­ments have been the cream of the prop­erty crop as in­vestors clam­our to ob­tain the most has­sle­free, blue chip in­vest­ment with vir­tu­ally guar­an­teed re­turns.

“The well-kept se­cret of the few sec­tional-ti­tle ho­tel room in­vest­ments are fast be­com­ing the in­vest­ment of the fu­ture,” says Tay­lor. Con­tact: Tyson Prop­er­ties Lloyd Rees 032 946 3419 eLan Prop­erty Group 0861 626 677

An artist’s im­pres­sions of a ho­tel room at The Manors Ho­tel and Con­fer­ence Cen­tre, Bal­lito.

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