Boulevard suites poised to be a robust investment
True to form, Zimbali Lakes Resort has experienced unwavering demand with nearly half of its investors from KZN and a third from Gauteng and has managed to secure over R700 million in sales since launch.
Zimbali Lakes Resort is the next chapter in the Zimbali legacy offering multi-generational living manifested through this secure mixed-use resort encompassing an array of purchase opportunities from PUD sites to freehold land to Life Rights, and Sectional Title ownership seen in the Boulevard Suites product offering.
Boulevard Suites offers executive-style, lock-up-and-go studio apartment living within a Zimbali address. The product has a strong rental market pull as it offers residents the prestige of a Zimbali address and access to the world-class amenities on offer within this secure gated estate.
“Our market research has shown there is a huge demand for a product like Zimbali Lakes, and investors are looking to pour their capital into a product which will be successful.” says Adriaan Van Schoor, Assistant Vice-President of Sales, IFA Hotels& Resorts.
He continues, “Boulevard Suites is closely modelled on the Zimbali Suites product and is set up to attract investors looking to earn a strong rental return and see their capital grow- based on this, we are confident Boulevard Suites will be hugely successful.”
Since launch, units at Zimbali Suites have seen as much as 20% capital appreciation, and it is expected that Boulevard Suites will enjoy the same growth.
“Priced from R960 000, Boulevard Suites stacks up competitively against its peers and by comparison is priced about 32% lower than similar Sectional Title opportunities in Ballito; and its location on KZN’s North Coast only serves to enhance the product further.” Van Schoor ends.
Capital growth projections are further bolstered by the success of Boulevard Suites which saw sales of over R40 million in only 6 weeks since it launched.
As a value-add, Investors will benefit from the Boulevard Suites rental management platform which includes a rental booking process and payment management system, daily servicing of apartments, face-to-face short-stay guest welcoming and general maintenance services, taking the stress and pain of property management away from the owner.
Boulevard Suites enjoys access to the facilities on offer within Zimbali Lakes Resort:
- State-of-the-art 24-hour security
- Zimbali Fauna Centre: A dedicated pet sanctuary
- 18-hole championship-design golf course
- Kids’ play areas
- gym and fitness facilities
- Zimbali Sports Club (membership only)
- Beach Club Zimbali Lakes
- Water Club Zimbali Lakes
- Retail piazza at Water Club Zimbali Lakes
- Boutique retail outlets, convenience stores, restaurants and coffee shops
- Pristine beaches and resort-style swimming pools
- 30-hectare lake and catch-and-release fishing dams
- Walking paths, running and biking trails
- Bird hides and nature conservancy
- Fibre access to the home
Get It Magazine (Ballito/Umhlanga) June 2018