Stellenbosch has been slow on the property development front, mainly due to a shortage of land within the municipal boundary as well as strict rules governing the demolition of existing older homes.
An artist's impression of a typical freestanding unit at Asrin Property Developers' new Nuutgevonden development in Stellenbosch.
In view of the fact that there is a demand for accommodation in this student town, a new residential estate, Nuutgevonden, will soon be launched by Asrin Property Developers with prices of units starting from R599 000. The property development will be on a 6,2ha site located on the corner of the R304 and Welgevonden Link Road.
Nuutgevonden will be launched this month offering 194 homes for sale which will be divided into six different sections.
There will be 141 sectional title apartments in three-storey blocks, with a mono-pitched roof and a secure parking basement; and 54 single residential homes in modern, Cape farmhouse styles, which are intended to complement the design aesthetics that prevail in Stellenbosch.
The two bedroom apartments will be 60sqm and will have 1½ bathrooms. The launch price is from R599 000, including VAT and transfer costs while the three bedroom single residential components will be selling from R849 900, also including VAT and transfer costs.
It is expected that the communal facilities will be one of the big selling points of the project, according to Shiraaz Hassan from Asrin. There will be two play parks for children measuring approximately 1 000sqm, walking trails within the 6,2ha site, a large communal swimming pool, clubhouse and an alfresco braai area. All open ground will be landscaped while initial gardens are planned for the freestanding homes.
At the prices offered, said Hassan, purchasers, whether downscaling or upgrading, will find the development well suited to their needs, as will investors wanting to purchase student accommodation.
“One of the important aspects of this project is that it is approximately 2km from the University of Stellenbosch,” he said.
The site’s panoramic view of Mt. Simon, added Hassan, is also one of its most attractive selling points.
First handovers are scheduled to take place by November 2011.
For more information, contact Ling Majiet or Rehana Moosa on 021 713 3012 or via email.
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