'DEVELOPMENT WITHIN A DEVELOPMENT' OFFERS IDEAL INVESTMENT OPPORTUNITY

 
A newly launched 51 unit luxury residential development - "Chambertin" - will allow buyers to tap into the conveniences and amenities offered by the Burgundy Estate suburb at the foot of the Tygerberg Mountains.

Burgundy Estate is itself a 187 hectare self-contained suburb. As one of the last remaining tracts of land available for development in the Northern Suburbs, Burgundy Estate will boast over 5 800 residential units and over 14 000 residents on completion in 2009. The Estate will contain schools, shopping centres, medical facilities, churches, open recreational spaces and state-of-the art security.



Dave Jennens, Developments Manager of Lew Geffen Sotheby's International Realty Blouberg says that residents of Chambertin will enjoy the advantages of Burgundy Estate, combined with a more intimate sense of community. "This 'development within a development' will amplify the secure outdoor lifestyle that epitomises Burgundy Estate, but will also have its own identifiable character," he says.

Chambertin units are priced from R 1 013 100 to R 1.65 million and will be available in two or three bedroomed units, ranging from 88 to 175 square metres. Each unit will have top quality fittings and finishes, underfloor heating, DSTV, ADSL ports and landscaped gardens.



Jennens notes that peak traffic is a very real issue for those looking to buy in the Northern Suburbs. "Burgundy Estate has, in fact, been designed to alleviate traffic congestion from the Northern Suburbs to the CBD by offering residents quick access to the N1 and N7," he says.

Jennens adds that properties in Chambertin are likely to enjoy strong capital growth over a relatively short period. "This is some of the last land that can be developed in this highly desirable area. Additionally, a number of sought-after features - including convenient living, exquisite views and security - will contribute to significant capital appreciation."
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