Areas and Places

"Blue Bay" development apartments reserved prior to launch

Combined Developers, a company which has 27 years’ experience in residential, commercial and mixed-use property development and which is currently busy with seven different projects in the Northern Suburbs of Cape Town, is now launching a new development, “Blue Bay”, at Waves’ Edge in Bloubergrandt.

The site is on the sea side of the West Coast Road, just one minute’s walk from the beach. It is bordered by Clam Road to the west, Birkenhead Road to the north and Visagie Street to the south. The site offers excellent views of the ocean, Table Mountain and the Tygerberg Hills.

The development will have 63 luxury apartments and will cover a site of some 4,500 m2 of prime coastal land.

Handling the marketing for “Blue Bay” is the Rawson Property Group’s Blaauwberg franchise, owned and run by Mike Abrahamse, one of the group’s longest serving franchisees. Abrahamse has said that the “essentially cubist”, ultra-modern design is one of the most pleasing he has ever been associated with.

Catering for a wide spectrum of buyers, the complex will have units ranging in size from 41,2 m2 to 133,5 m2 (including balconies). On offer are 34 one-bedroom apartments (41,2 m2 in size), 26 two-bedroom apartments (65,1m2 to 73,2 m2 in size) and 3 three-bedroom penthouse apartments (ranging from 128 m2 to 133,5 m2 in size, including balconies).

Each apartment will have either a balcony or a private patio, and each of these will have their own stainless steel braai. The sizes of the balconies/patios vary in size from 2,4 m2 to 28 m2.

Finishes and colour schemes are being coordinated by an interior designer and Abrahamse has said that buyers can look forward to modern, upmarket finishes throughout. All of the units will have granite countertops as well as ovens, hobs and extractor fans. The top level (third floor) penthouses will be finished to an even higher standard and the views from these will be some of the best on the Cape West Coast.

All apartments will have secure parking within the development. The two and three bedroomed apartments will have both a basement and upper level parking. Twenty four large storerooms, securely situated in the basement, will be available for sale as optional extras. These storerooms, says Abrahamse, are the size of small bedrooms and they will have double doors, allowing for storage of large items like motorbikes and surfboards.

A big attraction for the development is its lifestyle components, including a swimming pool in a landscaped garden. The site is a stone’s throw from the beach and close to some of Blaauwberg’s best bistros, restaurants, coffee shops, cafés and nightclubs. It is also within five minutes’ walk to the popular MyCiti bus route.

A variety of prices are on offer from Combined Developers: one bedroom units are priced from R695,000, two bedroom units with one bathroom from R995,000 and two bedroom units with two bathrooms from R1,185,000. The three bedroom penthouse suites with two bathrooms and large entertainment patios are selling between R2,550,000 and R2,950,000.

Although Blaauwberg is mainly associated in the public’s mind with beach and sea activities, Abrahamse has pointed out that it is also near several golf courses and the wine estates in the Durbanville region.

“The whole of this coastline has long been a safe haven for buy-to-let investors, especially those wishing to profit from high short-term holiday rentals over the summer season,” he said.

“Combined Developers’ reputation for producing quality products,” said Abrahamse, “is well known in the Cape Town area and has resulted in them being able to reserve and obtain deposits for 23 apartments as prior to the official launch.”

The “Blue Bay” development will be completed during February/March 2015 and the official launch is set for this month. Those buying pre-launch will enjoy pre-launch prices – a big incentive – and as they are buying direct from the developer they will pay no VAT or transfer duty. Come the launch date, the prices will be increased by 2,5% to 5%.

Abrahamse predicted that the apartments would appreciate by 14% by the time hand overs and transfers take place.

Comprehensive plans are available to view at the Rawson Property Group’s Blaauwberg office.

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