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Final phase of Avenida now launching at Burgundy Estate

The third and final phase of Avenida, a secure development being undertaken by the Rabie Property Group in Burgundy Estate, launched this weekend.

Phase Three of Avenida will comprise 63 apartments, predominantly two bedroom but with a handful of one bedroom units. One bed apartments are priced from R990 000  and two bedroom units from R1 170 000, VAT inclusive.

The launch of the final phase follows the near sell-out of the first two phases of the development  where only 10 of 120 units remain to be sold.

Apartments, half of which will be north facing and the other half enjoying views of Table Mountain, vary in size from 63 square metres to 82 square metres.

Generous parking is offered on the ratio of one bay per bedroom with plenty of secure visitor bays also provided as well as some garages.

When fully developed, Avenida will comprise a total of 183 apartments and eight townhouses and will boast wide open spaces with a number of pocket parks and lush landscaping, as well as a host of other communal facilities including a swimming pool and clubhouse, braai  facilities and a children’s play area.

Designed by award winning architects, Boogertman & Partners, the R240million development will be fully walled with access control and electric fencing along Tygerberg Valley Road.

The apartments will be built in a cluster of three storey buildings. All homes will have Fibre to The Home providing residents with high speed internet connectivity while the top floor apartments will also have private braai facilities.

Brian Usher of Property World, the exclusive on-site agents, says the first two phases had proven extremely popular with both investors and owner occupiers alike.

“There is no doubt, Rabie has really raised the bar at Burgundy Estate since they entered this market two years ago as a joint venture partner with Nedbank.

“The fact that their developments are larger than previous projects has bought an economy of scale enabling them to provide a range of amenities which smaller developments were unable to and yet still keeping prices affordable. “

Project manager, Greg Jenkins, says, as with Rabie’s other developments at Burgundy, a stone clad entrance will provide a strong sense of arrival at Avenida.

He said construction of Phase 3 of Avenida was due to start in August this year with completion scheduled for a year later.

Avenida is the fourth development to be undertaken at Burgundy Estate by Rabie.

The first was Vermont, comprising 190 one, two and three bedroom apartments which has been acquired in its entirety by a private investor for rental stock.

Vermont  was followed by Zarina, a development of 181 apartments and townhouses of which all but three townhouses remain to be sold. Zarina is due for completion in September 2017.

The third development being undertaken by Rabie at Burgundy is Springfield where 51 of 68 freestanding homes have already been sold. Springfield is due for completion in phases between August and December this year.

Phase 3 of Avenida will be launched from the Rabie Sales Centre in Burgundy Estate over the weekend 29 & 30 July from 2pm – 5pm.

For further details go to www.burgundyestate.capetown

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