Print this page

Eco Beach Development on the sunshine coast to be auctioned

Posted On Thursday, 07 July 2011 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Property auction to be held on 27 July 2011 at Summer Place in Hyde Park at 12h00, headlined with a property that will offer a great Investment Opportunity within a mixed use development based in the Urban Edge of East London, also known as the Buffalo City Municipality.

Property-Housing-ResidentialKidds Beach is an existing small hamlet situated just 25 km’s south of East London along the sunshine coast, one of South Africa’s most beautiful and unspoilt coastal routes stretching from Port Elizabeth in the West to East London in the East.

Offering surfing, bathing, fishing, golfing and malaria free game reserves, the Sunshine Coast is becoming a popular choice for families looking to holiday or live away from the hustle and bustle of over developed coastal towns.

Kidds Beach Estate on the Sunshine Coast is a development opportunity that is fully approved. The development has 165 hectares of seas views and is an extension of the existing quaint Kidds Beach Village. Kidds Beach currently has a primary school, post office, retail offering and restaurants.

A feature at Kidds Beach Estate will be the Eco Beach Front development which is close to the ocean as well as the indigenous state forest.  This development will consist of 149 free hold units and 200 sectional title units, all with breath taking views of the sea and it is this portion of the development which will be offered on auction at the end of July 2011.

Lance Chalwin-Milton, Director at The High St Auction Co comments, “The Eco Beach Development at Kidds Beach Estate will appeal to a savvy investor looking to be invol

ved with a project that is going to be driven by renewable energy platforms and eco friendly principles. The developers have spent a considerable amount of time and resources developing a sustainable and eco friendly strategy for this portion of the overall estate.

In addition to investing in renewable sources of energy such as solar energy; biogas generators; wind turbines and hydro energy, much time and effort has also gone into ensuring that the natural habitat is going to be preserved. In addition to this, the positioning of this portion of land with its unobstructed sea views make it an attractive offering in every sense.”

Chalwin-Milton continues, “The interest received not only from the local community but from visitors to the area to date are exceptional with 72 pre-sales in phase 1 already secured. This alone is a positive indication of the long term success of the overall development.”

The estate will offer residents additional facilities including a 9 hole golf course club house and recreational facilities as well as a crèche.

Due to the tourist and business tourism attraction of the area, a 200 bed hotel with state of the art conference facilities and a health spa will also be built.

The estate will offer sports and recreation facilities and a business village with a shopping mall and sufficient parking. All units within the estate will have close views of the ocean and beaches and the estate will have two pedestrian boardwalks to the beach.

Chalwin-Milton concludes, “The development was designed to provide and ensure maximum flexibility to the developer. With sound risk management factors in place, lower initial financial exposure and quicker positive cash flows, the opportunity exists to mature the development at the optimum pace and mix which will see maximum returns.”

Last modified on Wednesday, 11 June 2014 12:42

Related items