For years, Mauritius has appealed to South Africans from both a tourism and investment perspective. Located off the South East Coast of Africa, just 4 hours flight from Johannesburg, the island boasts one of the most flourishing economies on the African continent and is not only seen as a tourism hot spot but also a privileged destination for foreign investors.
In light of this, the islands largest development entity, ENL Property, has joined forces with Red4 to introduce St. Antoine Private Residence; a Mauritian development ideally suited to the South African market’s demand for location, Mauritian residency, facilities and ocean access.
“St. Antoine Private Residence will present an opportunity for South Africans to not only invest in the premium facilities that the development offers, but also in the lifestyle, economic and taxation benefits that come with investing in property in Mauritius,” explains Norbert Koenig, managing director of Red 4 and developer of St. Antoine Private Residence.
He continues, “We spent over 2 years planning the project, which included an intensive market research study on what the South African market was looking for. The findings were that there is a massive shortage of products between US$500 000 and US$800 000 (R8 million and R12 million). Our research also revealed the demand for a development close to Grand-Baie in the North, offering sea views, resort facilities and great rental returns opportunities. We are confident that St. Antoine Private Residence ticks all these boxes”.
Invest in Mauritius
To date close on 40% of the total investment into Mauritian developments has come from the South African market. The reason for this considerable interest is based on the significant benefits that come with investing in Mauritius, including the ability to obtain Mauritian residency, the maximum tax rate of 15% for businesses and individuals, no inheritance tax, no capital gains tax and tax free dividends.
The interest rate is approximately 6%, which means that rental returns have the ability to exceed mortgage repayments after a few years if the product is well priced and appeals to a rental market. The economy is one of the strongest in Africa, provides a safe and secure lifestyle and is taking on many first-world countries in terms of private schooling and tertiary institutions.
This is your Mauritius
Comprising of 100 luxury apartment and penthouses, of which only 50 will be released in the first phase, St. Antoine Private Residence will offer large 2, 3 and 4 bedroom options from 153m² to 245m².
Further complementing the active, outdoor lifestyle that Mauritius has come to be synonymous with, the estate incorporates uniquely crafted spaces for residents and families. An expansive clubhouse, resort-style swimming pool and exciting Kid’s playground area will become part of everyday life at St Antoine Private Residence, whereas the deli and bar, lounge area, and spa will ensure that residents can relish in the exclusivity and luxury that the estate offers.
Welcome to St. Antoine
Located in the North of Mauritius, St. Antoine is a charming area embedded with Mauritian tradition and authentic country appeal. Only 10 short minutes from the hub of Grand-Baie, there is easy access to everyday conveniences and comforts – private schools, shopping, restaurants and bars, the prolific Grand-Baie nightlife and all nautical activities you could wish for.
“St. Antoine Private Residence enjoys the benefits of being away from the hustle and bustle of the city, yet close enough to relish in the energy and top class amenities that a city like Grand Baie has to offer,” explains Koenig.
Fringed by the Indian Ocean on two sides, St. Antoine boasts access to two islands on its doorstep; Ile d’Ambre and Ile aux Bernaches as well as a jetty for easy access to the warm Mauritian waters. Exploration of these secluded islands, along with snorkeling, canoeing through the mangroves or picnicking with the family under the Casuarina trees are just some of the activities that these islands will encourage.
“The fact that residents will be able to store their boat in an on-site boatyard and have direct and easy access to the ocean and the magnificent islands only a short distance away, ensures that the lifestyle at St. Antoine Private Residence will be for the whole family,” explains Koenig.
He ends, “Whether wanting a second home in which to holiday with the family, to benefit from the dollar based capital appreciation and rental income projected or to achieve residency in Mauritius, St. Antoine Private Residence really does offer an exceptional investment opportunity”.