Responding to the far more difficult marketing conditions that now face residential property developers throughout South Africa, Johan Combrinck, Chief Executive of Comprop Projects has re-launched his Burgundy Estate Nedbank Property backed development. The new scheme, he says, incorporates a substantially reduced price and a range of ‘extras’ seldom seen in property packages.
The R28 million sectional title development known as Le Rozier now has 47 units, all in two or three storey walk-up blocks.
Buyers in the 14-unit phase one are being offered 65,5m2 units at R799 000 – a significant reduction on the R819 000 to R890 000 price range of the previous scheme.
Buyers in phase one will be given a full year in which they will be required to pay no levies, a DSTV decoder and a year’s subscription will have a one-in-fourteen chance of winning a 1,4 litre Hyundai Getz valued at R112 400.
To further entice buyers Le Rozier will be the first development at Burgundy Estate to have its own squash court and the second to offer a communal swimming pool along with the usual outdoor garden facilities.
Le Rozier has been designed by Landseer Collen of BPAS Architects. The design is wholly modern with almost flat mono-pitched roofs and tall vertically configured windows.
The units will have two bedrooms and as the site is some 400m above sea level most units will look out across the neck of the Peninsula to Table Mountain and in some cases, Table Bay.
Every unit will have a small balcony or patio and there will be ample secure open space for visitors’ parking and cloth shaded parking for residents. A few lock-up garages will be available at an extra cost of R65 000.