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Sales at Burgundy Estate Cape Town shoot past R354m

The momentum keeps building at Zarina, our latest development in Burgundy Estate Cape Town where total sales since its launch late last year have topped R154million.

This brings to more than R354million the value of sales we have achieved in the estate since Rabie joined forces with Nedbank in mid-2015.

Zarina is the second development to be undertaken by the joint venture. The first development – Vermont – which consists of 190 one, two and three bedroom apartments was acquired in its entirety at cost of R200m by a private investor for rental stock.

Brian Usher, Sales Director of Property World, the on-site sales agents for Rabie, says interest in Zarina, which has been pre-approved by all the major banks, is continuing to grow, particularly since the opening of the new Sales Centre where prospective buyers are able to view a model of Zarina, floor plans and finishes.

“This has sparked considerable interest as has the activity on site – civils started in March and construction is now well under way which gives confirmation and peace of mind to would-be buyers that the development is going ahead in the proposed timelines and will be complete and transferred in mid-2017. In fact we hope to have a show unit complete by year end.”

He said the fact that the development included a range of communal facilities such as a swimming pool with braai facilities and change rooms, a laundry, playparks and open green spaces added to its appeal as these were not offered by many other developments within Burgundy Estate.

“But probably the most significant factor behind the increased sales momentum has been word of mouth with many purchasers coming to the Sales Centre on the recommendations of friends or family who have already bought an apartment or townhouse.”
Usher said to date 133 apartments and seven townhouses had been purchased with 32 apartments and nine townhouses remaining to be sold.
The third and final phase of Zarnia comprises 82 two bedroom two bathroom apartments in five blocks of three storey walk-ups. Available units, all of around 76 square metres, including balconies are priced from R1 060 000 to R1 270 000 while the available townhouses are priced from R1 975 000.
Most of the apartments in phase three will be sunny north facing units but there are also some with spectacular views of Table Mountain and the sea.
All units will have fitted kitchens with gas hobs and granite counters as well as energy saving heat pumps while top floor units will also have built in braais. The entire development will have perimeter fencing with a gatehouse and 24 hour manned security. Each apartment will have one allocated parking bay with a further 117 bays available for communal use and visitors.

For further details go to www.burgundyestate.capetown or telephone Marion on 0827787088 or Aldo on 0824519990.

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