|This was confirmed in the wake of government’s clampdown on new developments announced last week by Western Cape Environmental Affairs and Development MEC, Tasneem Essop. The development guidelines released by Essop form part of the Western Cape’s spatial development framework, and confirm that no lifestyle estates would be allowed outside the urban edge (town or city borders). It also sets a quota preference on the number of permanent dwellings that will be allowed in such estates. These guidelines will effectively stop all future lifestyle developments in the area.|
According to Patrick O’Shea of Engel & Völkers, who is responsible for all the marketing and sales activities for the estate, “Benguela Cove has been granted residential development rights twice, both in 1997 and again in December 2003 - simply because the first application expired. Apart from significantly exceeding the minimum requirements of the Estate’s Environmental Impact Assessments over the past few years, one of the key reasons for the approvals is the fact that the developers are fully committed to restoring the land to its best agricultural use.
The Estate’s thumbs-up by government has sealed its appeal as one of the country’s finest coastal estate investment opportunities. This has been attributed to its unique offering of a fully operational wine estate overlooking the Botrivier Lagoon, complete with panoramic sea and mountain views and beach access.
What’s more, with 13% of the 210 hectare estate allocated to 124 residential stands spanning between 1 800 m2 and 4 000 m2, Benguela Cove is being heralded as the country’s lowest density residential lifestyle estate.
“The agricultural focus of the estate means local employment opportunities are being created for the surrounding communities. These are expected to equate to over 3000 job opportunities during the construction phase of the Estate (till around 2009) and should level out to over 800 permanent jobs thereafter” confirms O’Shea.