Building commences at Brandwacht On River

Building has commenced at Brandwacht on River, the new secure lifestyle development located on the banks of the Brandwacht River in Stellenbosch.

Launched to market by Pam Golding Properties (PGP) in late 2010, the development sold remarkably quickly, with over 100 of its total 120 erven being snapped up in the first three weeks.  Transfer took place in November last year (2011), and several of the plots have already been re-sold, with owners earning a tidy profit on their initial investment.  There are now just eight erven still available for purchase.

PGP’s project manager for the development, Louise Varga, says all services and roads on site have been completed, and construction has begun on the first few homes.  Numerous other owners have submitted their plans and are awaiting approval to commence building.  “Owners are working within attractive architectural guidelines which will ensure a cohesive appearance for the estate, using a palette of natural colours which blend harmoniously with the environment,” she says.

“The Brandwacht River runs the length of the entire development,” Varga continues, “creating a backdrop for extensive common areas including lawns for children to play on, as well as walkways and bridges for all to enjoy - all of this, within a secure perimeter protected by electric fencing.  It is no surprise that buyers to date have included a number of families with younger children, as well as couples wanting to downscale from existing Stellenbosch homes now that their own children have grown up.  There has been widespread recognition of the quality of lifestyle on offer in this development, as well as the benefits of living so close to the town of Stellenbosch, with its rich history, renowned educational facilities and wealth of sports and cultural activities to enjoy.”

PGP’s MD for the Boland and Overberg regions, Annien Borg, says it is extremely rare to find vacant land located so close to the centre of Stellenbosch.  “For those who enjoy the view of the mountains, and who want to live in a safe, tranquil and attractive natural environment, yet still be within reach of the town’s amenities, this is the ideal home,” she says.  “As a result, the development sold extremely quickly in the early phase, and has already seen excellent return on re-sales.  For example, of those owners who took transfer in November 2011, one re-sold a 487sqm plot bought at R995 000, for R1.22 million.  Another sold a 632sqm plot bought at R1.6 million, for R1.75 million.  Our most recent re-sale saw a 556sqm plot bought for R1.4 million, sold last month (February 2012) for R1.52 million.  That’s growth of between eight and 22 percent, within just one year.”

Varga says the remaining eight erven range in size from 628sqm to 999sqm, and are all located above a dam, with scenic mountain views.  Prices range from R1.7 million to R2.75 million, inclusive of VAT.
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