Baleana Bay – the first ever development for Gansbaai

Baleana Bay is the first – and only – development ever approved by the Gansbaai Council, and offers the opportunity to invest at the ground floor in an area expected to rise substantially in value over the next few years.

With its whale watching and beautiful beaches, as well as the fact that it is the world capital of shark cage diving, Gansbaai has seen a huge increase in local and international tourism to the area. Completion of the link-up road to Cape Agulhas within the next year is set to increase this boom.

Taking advantage of this trend in tourism, purchasers in Baleana Bay will have the opportunity to place their units in a managed rental pool. Says Ronel Claassen of Seeff Gansbaai, who are marketing the development: “The developers, 2tribes, offer different packages for different needs, a non-furnished or furnished apartment with a rental contract for one year, with a guaranteed income of 9% for the first year. Subsequent years are expected to give yields far in excess of 10%, and also offer the flexibility of using your apartment when and how you like.”

The development will comprise 42 apartments on three floors plus 14 penthouses. The ground floor units include gardens, and in most cases a heated spa pool is optional. The apartments vary from two bedrooms with one or two bathrooms up to three bedrooms and two bathrooms, and all of those on the upper floors have sizeable balconies. The sizes of the regular apartments range from 60 m2 (two bed, one bath, ground floor) up to 134 m2 (three beds, two baths and balcony), and the prices from R655,000 to R1,595,000 (including VAT). Penthouses range in size from 132 m2 to 247 m2, and include a balcony and an area of roof garden with a heated spa pool. Prices range from R995,000 to R1,995,000 including VAT.”

Pets are allowed in ground-floor units. The entire complex will also feature internal Wi-Fi throughout.

Construction is to start on 1 August 2006 and occupation will be by December 2007, with transfer on 1 November 2007.
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