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
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
        
    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