A new era for Simbithi

With just 13 developer stands left of more than 1875 originally laid out, the Simbithi Eco Estate on the KwaZulu-Natal North Coast has been SA’s fastest selling residential family estate ever since its launch 10 years ago.

Resales are coming to the fore as the Simbithi Eco Estate on the KwaZulu-Natal North Coast reaches maturity.
And now it is also very well established, with homes, apartments and sectional title stand-alone homes having been built on more than 60% of the sold opportunities. As the estate matures to its 80% occupancy in terms of completed homes, this is the time when homeowners see the most growth in their original investment.
However, says Andrew Thompson, sales director of Simbithi Real Estate, the time has now come to move to the next phase of marketing property on the estate, which is why his on-site team will now be operating under the Chas Everitt International banner.
“For the past 10 years, most sales in Simbithi have been by the original developers, éLan and WBHO, to homeowners or the developers of subsidiary projects such as the Sabuti, Ilanga, Tamboti and Ezulwinii sectional title complexes.
“Now, though, resales are coming to the fore as the estate matures and we believe an alliance with Chas Everitt International is the best way to broaden awareness of the estate and attract more attention from potential buyers both in SA and abroad.”
The Simbithi Real Estate sales team will be operating under a Chas Everitt Notebook© licence, and this will, Thompson notes, give it vital access to multiple marketing platforms as well as the Chas Everitt referral system. “In fact we already have a close relationship with several Chas Everitt franchises, such as those in Umhlanga and Ballito.”
The Notebook© concept is specifically designed to accommodate top performing agents or sales teams in closely defined niche markets who wish to trade under the national brand and have access to the group’s business systems, marketing platforms, technology and training without setting up a fully-fledged franchise. And it has already proved its worth for focused sales teams in other estates such as Boschenmeer in the Western Cape.
Thompson says the few stands left for sale in Simbithi are priced from around R850 000 for a 1400sqm site, and that like those already sold, all offer excellent views of either the ocean, dams, the golf course, forest or grasslands. Apartments in the estate are on sale at prices from around R1,2m for a studio up to around R6m for a three-bedroom, two-bathroom unit.
“Stand-alone sectional title homes are also available at prices from around R2,2m, while freehold houses usually sell for between R3,5m and R16,5m, although there are a few signature homes that could become available for between R28m and R30m.”
The estate also still has some commercial development opportunities, including a hotel, an office park and a convenience retail centre.

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