Claremont’s newly launched Quadrant Gardens is now selling

Claremont’s newly launched Quadrant Gardens is now selling

Artist’s impression of Quadrant Gardens, a new retirement complex which is part of The Quadrant in Claremont.

The Quadrant Gardens retirement development in Claremont has been launched and units are now being marketed by Pam Golding Properties.

“Available on a life right basis, the apartments will offer retired buyers the same benefits as owning a sectional title property but without the associated costs,” says Bev Bloch, of Pam Golding Properties southern suburbs retirement sales team.

“There is strong demand for this kind of retirement living, and seven of the apartments were sold before the development’s official launch.”

Quadrant Gardens is the fourth and final phase of The Quadrant, a mixed-use complex that already comprises 150 apartments. The retirement phase will be jointly owned by Corevest, developer of The Quadrant, and the CPOA which has owned and managed retirement properties for 65 years.

In addition to apartments, The Quadrant has 3 500m2 of consulting offices and 1 500m2 of retail space which includes a renowned Italian restaurant, a coffee shop, a hairdresser, a massage spa, a wellness centre, a gym with a 25m indoor pool, as well as the Claremont public library.

Quadrant Gardens will have a rooftop terrace with a recreational area and a croquet court, an in-house restaurant, a private courtyard garden, a lounge and a library.

Designed for the over 60s, Quadrant Gardens will consist of 75 spacious apartments, ranging from studios to large two and three bedroom apartments, priced from about R2 million through to R6.5m.

Bloch says a life right purchase gives owners the security of tenure for the rest of their lives, and an advantage is that unlike with sectional title, there is no property transfer so there are no bond registration fees, transfer duties and no VAT payable. The developer retains sole ownership of the units is responsible for the development’s external maintenance.

The units are intended for independent living with the option of assisted living offered through CPOA’s care packages, and will be fitted with emergency care-call communication. A 19-bed on-site care centre will be available for those who require around-the-clock care.

Quadrant Gardens is in the heart of Claremont’s medical precinct, and tenants will also have easy access to emergency, high-care and surgical facilities at the nearby Life Kingsbury Hospital as well as the 40 or so specialist consultants at Library Square and surrounds.

Bloch says construction is well under way, and has already progressed to the second floor.

Quadrant Gardens is set for completion during the first half of 2019.