Anyone looking at the prices now set for the 42 sectional title apartments in Combined Developers’ new three storey “The Vines” project in Northern Paarl will know that this is a great investment.
This was said recently by Lizette Joubert, the Rawson Property Group’s franchisee for Paarl. This franchise has been awarded the sole mandate for the marketing and selling of these units.
On offer at “The Vines” are:
· Bachelor flats of 34 m2 selling from R480,000;
· One bedroom units of 38 m2 selling from R 535,000 and
· Two bedroom units of 54 m2 priced up to R765,000 but also selling as low as R680,000.
“These competitive prices,” said Joubert, “include fixtures and finishes, such as: white powder coated aluminium window frames, stainless steel taps and other bathroom hardware, Kwikot 150 litre geysers, Rustenburg granite countertops, grey Alpine melamine cupboards in kitchens, white melamine cupboards elsewhere, lantern outdoor lights, contact points for washing machines and dishwaters, full floor tiling in the communal areas – and balconies, both large and small, on all the units.”
Every buyer is required to purchase at least one parking bay in the security area. The open parking is priced at R15,000 and the covered parking at R25,000.
Views from the units will, said Joubert, be spectacular, taking in either Paarl Rock or the Hottentots Holland mountain range.
“It hardly needs to be said,” commented Joubert, “that ‘The Vines’ will give first time home buyers a wonderful chance to get a foothold on the property owning ladder, while buy-to-let investors will do particularly well here because demand for accommodation throughout Paarl is now very strong indeed. The bachelor units in ‘The Vines’ will probably attract rents of R3,000 per month, one bedroom units R4,000 per month and two bedrooms R5,500 per month.”
Parents with children boarding at local schools but living some distance away, said Joubert, could find these apartments ideal for weekend or holiday visits.
Combined Developers expect to start work on “The Vines” by June/July — the starting date will depend on sales and they are aiming to be complete by the end of the year. Joubert predicted that by then those buyers who have laid down the obligatory R10,000 deposit (one of the most generous offers yet on a new development scheme) will have seen the value of all units increase.