select
|

Buyers snap up R550m in plots in Durbanville lifestyle estate

Buyers have snapped up more than 270 single residential erven totalling more than R550million at the prestigious Clara Anna Fontein lifestyle estate in Durbanville ahead of the official launch prompting the developers to now release the second phase to the market.


Artist’s impression of the gatehouse at Clara Anna Fontein, Vissershok Road, Durbanville, where construction of civils is now under way.

The estate will be developed on the farm Uitkamp on Vissershok Road, next to Aurora and directly opposite d’Urbanvale. Clara Anna Fontein, its manor house with conference facilities and game area are well known and form part of Uitkamp, which consists of two areas. Portion 19 against the hill is a successful conservation and game area and portion 18 lower down is where residential development has been approved.

Colin Green, a director of Rabie Property Group, which is undertaking the development in a joint venture with the landowners, the AFM Louw Family Trust, says that pre-launch sales had been predominantly through word of mouth, and the results were exceptional.

“We held back our official marketing campaign while there were still some outstanding legal issues to settle in terms of appeals raised by the Durbanville Community Forum (DCF). This was in spite of the forum being unsuccessful in the High Court and the Supreme Court of Appeal, and having several costs awards against it.

“The DCF then petitioned the Constitutional Court to review the Supreme Court of Appeal’s decision, but this too was dismissed in December as according to the court ‘it bears no prospect of success,” says Green.

“Based on this decision, we appointed a civils contractor to commence with the construction of roads and services and will now proceed with our planned marketing campaign.”

He says all 259 plots in phase one in the 127ha luxury lifestyle estate have been sold as well as 17 in phase two. Phase two plots, which have an average size of over 1 200 m², are being sold for between R2.1 million and R4.3m. Most of the plots enjoy spectacular north-facing views, and are all suited to executive-size luxury homes, which will be designed in accordance with the architectural guidelines for the estate, to ensure an uncompromising and upmarket standard of design throughout.

The completed development borders a private game reserve, and will comprise:

- 344 single residential plots.
- 126 freestanding single and double storey homes for buyers who prefer complete packages.
- 176 retirement homes.
- A Reddam House private school.

It will also include a number of recreational and sports facilities including a gym, a lap pool, tennis courts and a squash court as well as various entertainment venues in revamped buildings for parties and functions.

Green says the original 18th Century manor house on the estate will be fully restored and re-invented to provide a modern luxury lifestyle centre where residents will be able to enjoy a meal or meet friends for a drink.

The high security estate will have fibre to the home and include CCTV cameras on the perimeter and throughout, biometric access control, electric fencing and anti-dig barriers as well as 24 hour manned security.

The first transfers of residential stands are scheduled for September.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK