select
|

LA MERCY AREA COMES INTO ITS OWN

A shortage of quality accommodation – particularly one and two bedroom units - in the Umdloti and Umhlanga areas, coupled with the ongoing extension and popularity of the areas north of Durban is seeing the La Mercy area increasingly sought after among home owners.
 
A new 24-unit, sectional title development, La Bleu, situated right on the beachfront in La Mercy and comprising one and two bedroom apartments priced from R635 000 is ideally suited to meet this demand, says Elwyn Schenk, area principal for Pam Golding Properties.
 
Says Schenk: "Just 5km from Sibaya Casino and the new King Shaka International Airport and only 10km from Gateway shopping centre, La Mercy incorporates a small community with an unspoilt beach favoured by anglers and kite surfers. Easy access to La Blue is via the M4 into South Beach Road. La Mercy is also ideally positioned to capitalise on the expansion arising from the new airport and iDube trade port. Already we are seeing rentals hardening in the adjoining areas of Umdloti and Umhlanga, which bodes well for investors acquiring units in La Bleu."
 
He says these new units will appeal to investors and end-users alike, with one bedroom apartments with one bathroom very competitively priced between R635 000 and R655 000 and two bedroom, two bathroom units priced from R1.155 million and R1.235 million (all prices include VAT).  All the two bedroom units include patios and most apartments have expansive sea views. The finishes are of a high quality and units include granite kitchens.
 
A 10 percent deposit is required and completion of the project is anticipated towards the end of 2010.
 
Issued by Gaye de Villiers


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    • 20 Jun 2018
      The average size of bond granted in SA has grown 7,7% in the past 12 months to R934 000, according to BetterBond, the country’s biggest bond originator.
    • 19 Jun 2018
      In the current market, letting out a property can be a good option as rental demand remains strong, especially in the northern suburbs of Johannesburg. This is according to Chris Renecle, MD of Renprop. However he says that before homeowners let their property out, there are five key points they should make sure are covered before they market the property for rent and sign any lease agreements.
    • 19 Jun 2018
      The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
        
    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