New niche development for Newlands

The emerging trend towards smaller secure developments is becoming increasingly prevalent in the southern suburbs, with the latest prestigious development being in the heart of Newlands.

Artist’s impression of a luxurious new lock-up-and-go complex with three units in the heart of Newlands village.

Launched for sale in the first week of December, the development on Kildare Road comprises three luxury single title homes just a short walk from Newlands village.

According to Cyndy Minnaar of Lew Geffen Sotheby’s International Realty in Newlands and Fernwood, these niche developments are becoming highly sought-after as they tend to offer an attractive combination of the most appealing drawcards, including prime location, modern luxury design, privacy and excellent security.

“With only a handful of these estates in the area, we are finding that homes in these exclusive complexes are snapped up very quickly and buyers tend to purchase for the long term.”

Developer Ian Matheson of Avon Chase Properties says: “The surge in demand for homes in the southern suburbs has resulted in stock shortages in many areas and, with a dearth of available land for development, the growing demand is increasingly being met with the functional utilisation of larger erven for the development of smaller exclusive gated communities.”

Nina Smith of Lew Geffen Sotheby’s International Realty in Newlands and Fernwood, says: “This new development has been especially designed to cater for investors who want the convenience of a lock-up-and-go lifestyle in a relaxed suburban village environment rather than in the city.

“And, unlike many other lock-up-and-go properties, these units offer residents outdoor living with generous patios and large balconies leading off the main bedrooms upstairs.”

For sale off plan, a substantial prime cost allowance has been included in the contract and buyers will be able to select their own fittings, fixtures and finishes within an allocated budget rather than having to choose from a pre-selected range.

The largest unit has three en suite bedrooms as well as a study and the two smaller properties offer buyers a choice of three en suite bedrooms or two bedrooms and a pyjama lounge, and two of the units have plunge pools.

Lew Geffen, chairman of Lew Geffen Sotheby’s International Realty believes that, although the complex offers secure family living near several outstanding schools, the luxury units will be especially appealing to young professional couples as well as older couples scaling down after their children have flown the nest.

“The village is an area of Newlands that is very popular with young professionals and “empty nesters” who enjoy the vibrant and cosmopolitan lifestyle of the hub with its eclectic specialty stores and choice of restaurants and cafes.

“Buyers will also be drawn by the suburb’s proximity to world-class amenities and traditional institutions like the Newlands rugby and cricket stadiums and Kelvin Grove. Outdoor and nature enthusiasts are also spoilt for choice as Newlands Forest has a variety of hiking trails and Kirstenbosch Botanical Gardens and Rondebosch Common are nearby.”

Newlands also offers residents easy access to the city, the university, the airport and surrounding suburbs as it’s dissected by the M3.

Marketed by Lew Geffen Sotheby’s International Realty, these units are priced between R5.99 million and R9.5m including VAT and completion is expected at the end of 2016.

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