select
|

New sectional title development meets the growing demand in Franschhoek

The lush Franschhoek valley is widely regarded as the culinary epicentre of South Africa, home of many of the country’s best vineyards and an exclusive enclave where property ownership is a privilege only to be enjoyed by the affluent.


These elegant two bedroom apartments set in a secure complex within walking distance of Franschhoek village offer a great opportunity to enter the market in this historical Winelands town. Priced at R2 352 081 including VAT, each beautifully finished unit in La Bourgette offers mountain views and includes a covered carport.
 
Property in this little slice of French-inspired rural heaven in the heart of South Africa’s Winelands has frequently been perceived to be above all but a few budgets. A new sectional title development that is breaking ground in March 2017, however, is further helping to dispel that myth.
 
For sale off plan, La Bourgette is secure, walled complex of elegant contemporary Cape Georgian design comprising 34 accessibly priced two bedroom, two bathroom units of 104m², each with its own patio or balcony and dedicated covered carport.
 
Bev Malan, principal of Lew Geffen Sotheby’s International Realty in Franschhoek, says: “In a town where apartments account for less than five percent of all properties with the most recent development being 12 years old, these exceptional units present a rare investment opportunity.
 
“La Bourgette is also conveniently situated only a stone’s throw from the village and its skilful positioning affords all the units views of the majestic mountains against which the historical town is nestled.
 
“And, priced competitively at R2 352 081 including VAT, these apartments offer exceptional value as apartments of this standard usually range between R2.5m and R4.5m depending on size and location.”
 
Malan adds: “Franschhoek is renowned for being home to many well-known personalities and captains of industry as well as a plethora of internationally acclaimed attractions including restaurants, galleries, markets and hotels, but what people forget is that behind each of these thriving concerns is a considerable number of employees who also need accommodation.”
 
It is with this niche market in mind that developers, Lewis Manhattan, conceptualised La Bourgette, however, CEO Richard Lewis admits that they have been taken aback by overwhelming response they have seen since the project’s launch.
 
“Our extensive research confirmed our belief that there is a strong need for accessibly priced upmarket accommodation in the village and we anticipated that the development would receive considerable interest but, with confirmed 12 sales during the first month alone, it has definitely exceeded our expectations.
 
On the back end of numerous successful developments in the area, including the award-winning Pearl Valley Golf Estate and Val de Vie, Lewis Manhattan are making considerable further investments both in land and construction over the next five years.
 
Lewis adds: “We are delighted at the great relationship that we have developed with Sotheby’ International Realty in Franschhoek and look forward to working together on our future projects.”
 
James Penlington, Area Specialist for Lew Geffen Sotheby’s International, says that there are few comparable sectional title properties in Franschhoek and these apartments very rarely come onto the market.
 
“The extent of the demand for secure, affordable property in close proximity to the village has been clearly evidenced by the steady stream of enquiries our office continues to field as well as the fact that we were able to conclude 10 of the initial 12 sales within a month.”  
 
Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty: “Franschhoek has always been a popular lifestyle destination with viniculture and tourism as its main economic drivers and the town boasts a full festival calendar dominated by popular wine and food-related events. It also hosts the acclaimed Franschhoek Literary Festival which also positions it as an intellectual hub.
 
“While these events have always attracted much interest, the bulk of the attendees have been from out of town and the permanent population has remained stable. This has started to change in recent years as more and more city-dwellers are opting for a slower-paced country lifestyle.”
 
Franschhoek has become a magnet for lovers of culture and outdoor enthusiasts who are seeking the peace and quiet of a small town, but with access to top class amenities of which Franschhoek has an abundance including a recently opened Woolworths store down the road from La Bourgette.
 
A major drawcard attracting families to the area is the progressive independent school Bridge House, which was established on land donated by several prominent families and caters for students through to Grade 12.
 
The historical Winelands town may easily be able to rest on its own numerous laurels, but it recently received an esteemed thumbs-up and stamp of approval when Richard Branson bought Mont Rochelle to add to Virgin Limited Edition, his collection of unique retreats and hotels.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
        
    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