New villas launched at Eden Island with yacht mooring on your doorstep

Rapid progress at the luxury 56 hectare resort of Eden Island in Seychelles has seen a total of 400 units sold at a combined value of $340 million, or the equivalent of approximately R2.9 billion, says Dr Andrew Golding, chief executive of the Pam Golding Property group, exclusive marketers of the project.

These sales consist of 258 apartments, 89 maisons and 53 villas, and reaffirm the success and popularity of this development even amid the global economic turmoil experienced. There are now approximately 200 units remaining available for purchase. Units are sold with freehold title ownership and fully air conditioned throughout, while furniture packages are optional.

Says Dr Golding: “Now, for the first time on Eden Island, buyers can acquire a villa with access to their own mooring directly in front of their garden. The current villa owners have their moorings in other basins or in the main marina. This means you can simply step out of your front door and into your boat, and head off for the day, without requiring use of a golf cart.”

Ranging in size from 250 to over 609 square metres on plots up to 820 square metres, these new Basin 5 Villas are priced from $2.6 million to $4.5 million, depending on the layout selected. Located right on the water’s edge, they have scenic views over the basin to the beautiful mainland of Mahe and its mountain backdrop.

There are already about 120 boats moored at Eden Island, including super yachts which range from 60-120 metres, as Eden Island is easily able to accommodate these. Only four and a half hours’ flight from Johannesburg, Seychelles is a popular destination for South Africans, who comprise the bulk (over 40 percent) of buyers at Eden Island. Over the past six months other purchasers include those from France, Czechoslovakia, UK, Russia, Italy, United Arab Emirates, Angola and locals from Seychelles.

Further benefits for home owners include the new retail centre, which will be completed by the end of 2012 or early 2013, and which will include a supermarket, shops, restaurants, gymnasium, spa and medical centre, as well as other stores. This means that residents have the convenience of not having to leave the island. The developer is also in the process of building a small boutique hotel which will be completed in 2013.

Adds Dr Golding: “Proof of the strong and ongoing demand for homes at Eden Island is that few units become available for re-sale. The advantage of acquiring a new unit is that buyers can choose their own layout and finishes, and are not required to pay duty of 6.5 percent. A key element for investment purchasers is the rental pool, where rental yields average at approximately five percent per annum.”

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