Construction has commenced on an innovative new mixed-use residential property in Stellenbosch’s emerging Bosmans Crossing precinct.
Louise Varga, Pam Golding’s manager of developments for the Boland and Overberg areas says:
“Bosmans Club is just one of several developments in the historic town under construction or in the pipeline, making this the ideal time to invest in a new precinct that looks set to become Stellenbosch’s creative hub in the near future”.
Stellenbosch has grown significantly with more people moving into the area to study, work and for business. The local municipality has approved a development framework that will facilitate a variety of residential opportunities to meet the area’s growing need for accommodation. This includes the upgrade of the Adam Tas Corridor.
The Boland town is recognised as an innovation hub which attracts investors and blue-chip corporate companies. It hosts the most JSE-listed corporations of any other ‘secondary municipality’ outside of a metropolitan area in the country. It is one of the fastest growing areas for high-net worth individuals with these numbers rising by over 20% over the past ten years.
“The construction of Capitec Bank’s new head office in Techno Park is just one of the numerous projects underway that underline investor confidence in the area. Many developments are being launched in Stellenbosch, as corporate companies and residents see the value of living and doing business in the Winelands,” says Varga.
Located in a quiet part of Stellenbosch, there are plans to link Bosmans Crossing with other parts of the town in the future. This area is already emerging as an attractive creative hub, boasting gin breweries and restaurants as well as trendy office space. VertiKal Investments and Developments have a proven track with projects that yield considerable investment returns.
Bosmans Club offers apartments starting at R1.4 million (VAT inclusive) which will appeal to investors, students and young professionals wanting a quality lifestyle in a comfortable apartment with great finishes and appliances. The development will include a coffee shop and laundry.
“With work on this exciting new development, which will include ground floor commercial and retail space, and residential accommodation above, well underway, the vast potential of this emerging area is becoming increasingly apparent,” says Vanessa Johnson, Pam Golding Properties agent for the area.
Designed alongside the industrial architecture that distinguishes the area, the 46 apartments have varied fusions of wood, steel and glass combined with bricks and concrete textures. The development included energy-efficient features, optional private storerooms, secure basement parking and a bicycle storage with a washing facility. There is also night security and a concierge.
“Bosmans Club apartments are set to become a stand-out, quality product, sought-after by both buyers and tenants. Surrounded by restaurants, coffee shops and wine cellars, it does not only give you the perfect opportunity to invest in an area bespoke to become ‘the new town of Stellenbosch’, it also offers you a sought-after convenient and inclusive lifestyle,” adds Johnson.
“It’s not surprising that investor interest in this particular project been consistently high and that demand has surpassed that of many of our other developments in Stellenbosch,” says Varga. “This is certainly an exciting time in the growth of Stellenbosch, and an investment in Bosmans Club, in the heart of this new precinct, is an investment in its future.”