|George is rapidly being transformed from a sleepy garden route town into a trendy relocation and retirement option for up-country folk attracted by the pristine landscape and a small town lifestyle with big town infrastructure.|
Tim Kirby of the local Sotheby’s International Realty, operated by Lew Geffen agency, says his agency is currently in the process of marketing four security estates in the George area.
“We expect security estates of this kind to become increasingly scarce in the future, due to reluctance by the authorities to approve of these developments and also the drive towards preserving the natural environment.
“Having come from the city the majority of buyers purchasing in the developments want to live in an environment where security isn’t a worry. Many relocating families from Cape Town and Gauteng, attracted by the lifestyle and the excellent local schooling are buying, along with holiday home investors, who can leave their properties knowing that they are secure.
One such development is the Cherry Creek Country Estate in Blanco near Fancourt. This ‘cape contemporary’ gated security development offers buyers views across farmlands to the Outeniqua Mountains. Of the 43 stands on a 10 hectare plot, 27 stands have been sold since launch at the end of last year.”
Kirby notes that of the 16 stands still available sizes range from 650m² to 1650m² and prices range from R485 100 to R715 000. Buyers are required to put down a 15% deposit and have three years to build from transfer.
“The Fairways at Farside development in Heather Park, bordering on Fancourt’s Outeniqua Golf Course was launched on 1 September. This new development of 10 stands are priced from R695 400 and carry a Cape Georgian architectural theme with Outeniqua mountain backdrop and views of the Fancourt fairways together with access to the Malgas River.”
Other developments currently being marketed by Sotheby’s International Realty in George include the Soetweide Country Estate where private sales of stands of approximately 700m² in size range from R585 000 in price and the Oaklands Bridge Country Estate abutting Fancourt and the Malgas River.