CN&CO’s client Arcis Property Development recently launched the sales of their upcoming Ballito Village estate – situated in the heart of Ballito.
Always a popular holiday destination, the North Coast of KwaZulu-Natal is a prime pick for property investors, with a long-term track record of outperforming national growth statistics. The popularity of Ballito as a primary residential destination attracting buyers from around KZN and those relocating from Johannesburg has seen bumper sales in Ballito Village of 100 apartments in 3 months.
Explains ARCIS Property Development Sales Manager Andrea Santoriello: “We are delighted to report that Ballito Village attracted bumper sales of 100 apartments over the 3 months to mid-January. Ballito Village is perfectly located to deliver the coastal village lifestyle, with unmatched access to Umhlanga CBD and King Shaka Airport. It offers 1-, 2- and 3-bedroom apartments with top-quality finishes in a secure lifestyle estate with all the expected amenities and more – and is exceptionally well priced from R949 000.”
Santoriello ascribes the sales success of Ballito Village to its “unbeatable location, competitive price, great offering, and easy purchasing process”. He says that purchasers have generally been KZN locals as well as some international buyers. Those who have bought in order to live in Ballito Village themselves have tended to be in the age range 25 to 35 years, while the 40% of the purchasers who are buying to let are of all ages.
PHASE 1 SOLD OUT
The first phase of 60 apartments in Ballito Village launched to market in October and is now sold out, with phase 2 (another 60 apartments) 80% sold. Sales for phase 3 opened early in January. Once complete there will be 482 apartments on this 6-hectare site, to be developed in 8 phases. Construction is set to commence in June 2021, and the estimated completion date for phase 1 is August 2022. All ARCIS developments come with a 5-year NHBRC quality guarantee.
Santoriello reports that while the 2-bed apartments are most popular, the 1-bed and 3-bed apartments are also selling well. “These apartments all offer superb investment potential, and represent an excellent lifestyle and investment opportunity – this being reflected in the pace of sales. Ballito Village will eventually take access off the same turning circle as the prestigious Zimbali Estate, giving you one of the best addresses in the country.”
The three types of apartments on offer are: type A – 1 bedroom and 1 bathroom, from R949 000; type B – 2 bedrooms and 2 bathrooms, from R1 349 000; and type C – 3 bedrooms and 2 bathrooms, at R1 999 000. A R20 000 deposit secures your purchase and no transfer duty or bond costs are payable. The apartment features include pre-paid electricity and water meters and an eco-friendly fridge, dishwasher and washing machine. They are also aircon ready and have a fibre-to-home connection.
All of the apartments are pet-friendly, and those on the ground floor have enclosed garden areas. There are distant sea views from various apartments on the top floor.
Gated villages remain ever popular owing to their security and amenities, and Ballito Village has the full package. It will include a swimming pool with lounge decks, braai areas, restaurant, fully equipped gym and children’s play area. A co-working space will serve as an opportunity to network with others, and the clubhouse will offer free wifi. There is a nature trail, indigenous coastal landscaping and a 5000 m2 private park. The security system includes 24-hr access control and CCTV security surveillance.
Ballito Village is located close to a number of well-known schools, and includes direct access to one of the area’s top private English medium schools, Ashton International College. The Ballito Lifestyle Centre is around the corner, and there is quick access to the N2 and M4 highways.
Santoriello concludes: “There has never been a better time to buy, with the lowest interest rate in years. We are certain that – like the rest of KZN North Coast – the value of Ballito Village will skyrocket pretty quickly. These launch prices offer an exceptional opportunity.”