With the suburbs of Cape Town to the south, the beaches of Milnerton and Blouberg to the west, and the winelands of Durbanville Hills to the north, Burgundy Estate in Cape Town borders the vineyards of the historic De Grendel wine farm less than 20 kilometres from the centre of the Mother City. Burgundy Estate …
Vermont 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.
Rabie has sold more than R550million of residential property at Burgundy Estate since getting involved as a joint venture partner with Nedbank in early 2015.
The first project, Vermont, consisting of 191 apartments, has now been completed with the entire development having been sold to an investment company for rental stock. These units have been snapped up by tenants and will be fully occupied by June.