select
|

Just launched: Luxury retirement complex in the heart of Plettenberg Bay

A new “retirement hotel” just launched in Plettenberg Bay will help to meet the enormous – and growing - demand for high-end retirement accommodation in this area, says local Chas Everitt International franchisee John Fuller, who has just been awarded a mandate to market the apartments in the development.


 
Named Plett Platinum, this three-storey building at the corner of Gibb and High streets will offer 32 one and two-bedroom luxury apartments, all with beautiful sea, river or mountain views and secure basement parking. The site is also only 100m from Main Street with all its boutiques, retail stores, coffee shops and restaurants.

The ground floor will accommodate a reception area as well as a well-equipped luxury lounge and dining room, a library, a gym, a spa, an aqua-pool, a hair salon and a multi-purpose room. There will also be a bus for the exclusive use of residents and all these facilities will be retained and managed by the developer, the CareWell Solutions Group, while the apartments will be sold on a Sectional Title basis.
 
The main frail-care suite with state-of-the-art care centre and nursing station will also be on the ground floor and frail-care will be available in private ensuite bedrooms with high-care facilities, all meals, morning and afternoon tea, hot drinks and snacks before bedtime and DSTV bouquet in all rooms.
 
The other floors will have smaller, discreet nursing stations and two other levels of caring will be available, namely:
 
·         Assisted-living in residents’ own apartments, with meals in the apartment or dining room, cleaning services inclusive of laundry once a week and servicing of apartments twice a week, making of beds, showering and dressing assistance and nursing attention; and 
 
·         Independent-living in residents’ own self-catering apartments, with 10 three-course dining room or in-house meals a month, weekly apartment cleaning services, and 24-hour nursing assistance on call.
 
An added-value offering for the first 20 buyers, notes Fuller, is that the standard monthly Independent Living levy will include five years’ worth of free Discovery medical aid cover with Vitality benefits and Stratum in-hospital gap cover.
 
“This is a huge benefit that will cover the costs of private hospital care if necessary, the costs of chronic medicines, annual medical check-ups and day-to-day medical visits while also providing owners with an oncology benefit and the opportunity to earn significant cash back on the purchase of healthy food, sporting goods, flights and medicines.” 
 
Prices for the Sectional Title apartments range from R1,9m to R2,1m for one-bedroom units and R2,1m to R3,6m for the two-bedroom units, inclusive of VAT, transfer duty and conveyancing legal costs, he says.
 
“And although residents have to be over-50, there is no age restriction for buyers. These properties are thus a very good option for buy-to-let investors and at this stage a 10% deposit is all that is required.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    • 16 Jan 2018
      The start of the new year is symbolic of new beginnings. A good time to take stock of one’s possessions as well as how necessary they actually are. However, seeing as the process may appear daunting – a plan goes a long way.
    • 16 Jan 2018
      The Western Cape is still in the throes of a severe drought and many households have to adjust the way they use and save water. It is a little more complicated in sectional title schemes, however, as it is not that easy to implement grey water systems for multiple users and it is also difficult to monitor water usage accurately if there are no separate water meters
    • 15 Jan 2018
      In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.
    • 15 Jan 2018
      The Atlantic Seaboard’s housing market has stoically withstood the brunt of the growing economic and political instability, consistently achieving double digit growth way above the national average, however, in 2017 South Africa’s most resilient market finally began to yield to the pressure.
    • 15 Jan 2018
      Sectional title insurance can be a little confusing and, as a new owner, you may be tempted to just assume your body corporate has you covered. While this may be the case, understanding the extent of your coverage and your personal liability is the only guaranteed way to protect yourself against potentially costly oversights.
        
    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