select
|

Oceans Hotel Apartments launched in sought after uMhlanga

Umhlanga has certainly become one of the fastest growing suburbs in KwaZulu-Natal, attracting world-class developers seeking to dominate its skyline with award-winning products.



Perhaps the most notable new development in this burgeoning node has been the much anticipated Oceans, says Carol Reynolds, Pam Golding Properties area principal for Durban Coastal. “Oceans is being developed by Vivian Reddy and has achieved international acclaim at the International Property Awards this year (2016) in Dubai. Located in prime uMhlanga and within walking distance of the beach, Oceans is the first double award-winning development in Africa to be nominated for the ‘World’s Best Awards’ to be held in London in December this year. Its accolades were achieved in the best mixed-use architecture category and in addition, it has recently been announced as one of the top five finalists in this global category – an exceptional achievement for KZN.”

Reynolds says the recently launched Oceans Hotel Apartments offer a unique investment product which is new to the local market. “What sets these units apart from other offerings is that they combine the best of both worlds - they enjoy the prestige of being located above the new 5-star Radisson Blu Hotel, but they are not hotel suites per se, linked directly to the hotel. This means that investors will be able to acquire a unique property asset that carries with it the credibility of being affiliated with the 5-star hotel, while still affording owners the freedom to manage their own investments via external agencies or Air B&B. Daily holiday letting is encouraged, and owners will be able to tap into the hotel’s services and facilities.” 

This product also highlights the importance of embracing new, dynamic online businesses like Air B&B. The hotel apartments are being marketed as perfect Air B&B candidates. From an investment perspective, this reduces management fees and commissions, enabling owners to maximise their returns. “Current holiday letting rates in uMhlanga range from R900 to as much as R7 000 per day for top hotels, with presidential suites commanding prices of up to R50 000 per night,” says Reynolds. A 5-star luxury product like Oceans will achieve top dollar, especially given that holidaymakers will be able to make use of the hotel’s facilities. Facilities will include a luxurious spa, conferencing, a business centre, a swimming pool, a fully equipped gym, fine dining restaurants and state-of-the-art security. 



“Add to this the attraction of being part of the Oceans development and having a direct link to the new shopping mall, which includes exceptional features like a medical centre, a snow park and international luxury retailers such as Burberry, Armani, Hugo Boss and Michael Kors, it is easy to see why an investment product like this, that has been packaged so perfectly, is in high demand,” she says.

Oceans has also been developed with an all-embracing cultural philosophy, and, among other unique features, the developers have been sensitive to the needs of the Muslim community, and Islamic clients will have access to two Halaal restaurants, a separate Halaal kitchen within the Hotel, a prayer room and bathrooms which are Islamic compliant.

The hotel apartments are expected to yield good returns, and the developers have specifically opted out of a shared hotel rental pool system, thereby enabling owners to manage their own investments as they see fit and to enjoy higher returns and lower management fees as a result. Clients are however allowed to opt for fully furnished apartments at additional fees, should they prefer to have their units comply with hotel standards. 

Adds Reynolds: “In short, the Oceans Hotel Apartments will deliver a unique multi-award winning investment product to the uMhlanga market in a prime location with access to an abundance of facilities. Completion date is expected to be towards the end of 2018. ”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Jan 2018
      Many people only start thinking about home-ownership when they are ready to “settle down” or start a family, which is why first-time buyers these days are generally in their mid-30s, compared to those in the previous generation who were usually in their mid-20s.
    • 22 Jan 2018
      Moving away from the city to a country or coastal town and a slower-paced life is a frequent new-year resolution for South Africans, but thorough research should be done before you break free from the hustle and bustle, because making the wrong move could turn out to be a very expensive mistake, and even more stressful for you and your family than staying in the “big smoke”.
    • 22 Jan 2018
      Cape Town is home to many breathtaking and historic homes, but House Invermark designed in 1969 by South African architect Gilbert Colyn, with inspiration from two modernist icons: the Glass House by Phillip Johnson and Farnsworth House by Ludwig Mies van der Rohe is in a class of its own.
    • 22 Jan 2018
      2017 was a challenging year for the South African property market in general, despite small pockets of thriving activity in areas like the Western Cape. As we head into 2018, Tony Clarke, Managing Director of the Rawson Property Group, casts his eye forward to property trends and market influences that could make their impact felt in the New Year.
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
        
    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