Fountain Views services contract nears completion

Fountain Views services contract nears completion

The Fountain Views service contract in Brackenfell South has been completed and work is due to start on the buildings.

The civil engineering/service installations at Brick ’n Board’s R80 million Fountain Views sectional title development at Brackenfell South will be completed by the end of March.

This, says Rowan Alexander, Director of Alexander Swart Property, the company marketing the development, means that all the below-ground plumbing, sewerage, storm water and electrical reticulation will be in place on schedule. Brick ’n Board will start work on the superstructure now and expect to hand over most of the apartments by the end of the year.

All 61 apartments in Fountain Views have two bedrooms and a balcony and face north, east or west. Alexander says they will, therefore, have ample natural interior light and warmth and will be protected from the summer winds. Two-thirds of the apartments will have garages and these will have 76m2 of floor area while the others measure 60m2. Apartments without garages will have two parking bays each, and ground floor apartments will have private gardens.

Alexander Swart now have only nine apartments still to sell with only one on the ground floor. Prices range from R1.358 million to R1 409 190. No transfer costs are payable.

Alexander says that all South Africa’s major banks are supporting the development, and are willing to give bonds to those with clean credit records.

“It’s already very evident,” says Alexander, “that on completion average monthly rentals of R9 000 will be achievable by those buying to let. This has regularly been the case on the projects we have marketed in Brackenfell in recent years, and this project is ideally designed and priced for middle income buyers.”