Commute to coastal haven
Michelle Swart finds out more about sectional title hotel apartments in Ballito that are up for grabs
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.