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Property Of The Month

 Beachfront Apartments at La Mercy

With KwaZulu-Natal's new King Shaka International Airport expected to be completed in June 2010, prime beachfront residential property along the sought after coastal area just north of Durban retains its sound investment potential – now with an added convenience factor, says Peter Pringle, joint area principal for Pam Golding Properties in the Umdloti and Umhlanga areas.
 
"The growth node of Durban has undoubtedly moved northwards, with proximity to facilities such as Gateway shopping centre and La Lucia Ridge Office Estate playing an important role in home purchase decisions.

Now with the new airport on track attention has focused on the La Mercy area which is between Umhlanga and Ballito, and with this in mind an enterprising developer has brought to the market a very attractive, quality residential development with apartments marketed starting from an affordable R950 000 (no transfer duty) for two bedroom, two bathroom units.
 
"It is certainly many years since property in such a location as this has been available at these prices. Currently, in nearby Umdloti, you would pay R1.69 million plus transfer duty for a two bedroom, one bathroom apartment on the seafront.

And bear in mind that ultimately vacant land for such prime beachfront property simply runs out," says Pringle. He adds that travel time to Umhlanga is just 10 minutes, Gateway 15 minutes and Durban an easy 25 minute drive.
 
Situated on 18 746sqm right on the scenic, unspoilt La Mercy beachfront and accessed from South Beach Road – just off the M5 - Pebble Beach will comprise three apartment buildings of 40 and 50 units respectively. The apartments range from 89.8sqm for the two bedroom, two bathroom units, with open balcony, undercover parking and quality finishes, to 198sqm three bedroom en suite loft style penthouse suites priced up to R3.135 million, with undercover parking.
 
Says Pringle: "Now selling off-plan, Pebble Beach is ideal for permanent residence, leisure getaways corporate use, or simply as a good investment. The architectural design style follows crisp, clean-cut modern lines as is much favoured in sub-tropical coastal environments.

The grounds will be attractively landscaped and include a clubhouse with braai area and swimming pool, plus visitors' parking. There will also be a 24-hour security service.  Ultimately, being able to step out onto a magnificent beach is the key attraction."
 
For further information contact Vicki Hepburn l 082 572 3788 l 031 5681299 l email vicki.hepburn@pamgolding.co.za.