Chintsa Bay Beach Club acquires princely interest

News > news - 17 Apr 2008
Interest is reportedly running high in East London’s new Chintsa Bay Beach Club. The development comprising 42 houses and 55 apartments is located on approximately 18 hectares of prime positioned beachfront land with scenic sea views 25 minutes drive time from East London.

While the apartments are being released to the market later this year, 13 of the homes have been sold between R1,9m and R2,7 million, says Hanlie Bassingthwaighte, area principal for marketing agents Pam Golding Properties. The freehold homes will be set on plots sized approximately from 800 to 1 700 sqm, with a choice of three design types, each with three bedrooms and three bathrooms.

The 11-unit sectional title apartments will be situated within five buildings.

Bassingthwaighte says one of the early buyers is Prince Juan de Bagration of Marbella, Spain, who is related to the Spanish royal family and a direct descendant of William the Conqueror.

“Having visited the Eastern Cape in 2006 and 2007, he says he has fallen in love with its stunning beauty and people. He visited the site of the Chintsa Bay Beach Club last year and was impressed by a number of factors including the exclusivity, privacy, security, low density and the exceptionally scenic views.”

The Prince, according to Bassinghthwaighte, intends utilising his home at Chintsa Bay at least once a year as his base in South Africa, but depending on business interests in South Africa may spend more time here. He also expressed interest in progress at the 72 000sqm Hemingways Casino shopping complex which is currently under construction on the outskirts of East London.

All housing infrastructure has already been installed with the showhouse to be completed in April (2008). Construction of the Beach Club is currently under way with works due for completion in June this year, and purchasers can expect to take occupation of their homes six months following signing the purchase contract.
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