Drakensberg golf estate sells fast

With the pre-launch phase at Nondela almost complete, the first Ernie Els Golf Estate in KZN is one step closer to reality. Situated amidst the majesty of the Northern Drakensberg, this estate has seen excellent demand over the last 6 weeks.

Currently sales on the estate have surpassed the R200m mark, says Julian Redfern of Apartmentbox, the specialist off-plan sales and marketing company handling the development. Critically, pre-sales targets for all three of the phases released to date have been reached.

With the smallest stand sizes being 5,000 sqm purchasers are buying into one of the lowest density developments in the country. With 85 of only 300 opportunities across the entire estate being snapped up over the pre-launch phase, Apartmentbox is confident of strong uptake as people acknowledge the fact that the Drakensberg is an area that has lagged the boom. Being the first development in the northern Drakensberg is a strong indication that the area is only just starting to see the type of demand that has been a driver of price appreciation in other parts of the country.

The terms of purchase are extremely investor-friendly. Unlike 90% of up-market golf estates in South Africa today, where purchasers are paying more than R750,000 on average for a 1,000 sqm stand and then still having to build and fund the construction process, Nondela offers something different. For starters, the smallest stand size is five times the size of the average golf estate, but more importantly, 10% deposit secures the stand and a fully-built freestanding house. In other words, for R200,000 a purchaser can experience capital growth on a completed unit while the developer finances the construction of the dwelling. The mortgage exposure only kicks in once the keys have been handed over to the new owner. This is an extremely progressive offering and one that has been a huge catalyst of demand on the estate to date.

Furthermore, the demand for accommodation in the Drakensberg at the moment far exceeds supply. The fact that most of the well known hotels in the area experience 100% occupancy over weekends in the middle of winter outside the school holidays is a strong indication that investors can expect solid yield on their investment, which will greatly reduce their monthly exposure when the time comes to service the repayments.

With facilities like an 18-Hole Championship Ernie Els golf course, golf academy, driving range, gym, spa and wellness centre, tennis, bowls, hot air ballooning, rock climbing, trout fishing, equestrian facilities, mountain biking and hiking and a Legacy Hotel (operator responsible for the Michelangelo in Sandton) with a 250 delegate conference centre – Nondela will offer an array of amenities that will attract investors, holiday-makers and conferencing events alike.

For more information contact 073 104 1124 or send an email. Click here for an in depth analysis on the development and the opportunities available at Nondela.

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