New townhouse development launched on the waterfront in Swakopmund

New townhouse development launched on the waterfront in Swakopmund

Artist’s impression of the double-storey townhouse units in Ocean View Villas in Swakopmund, Namibia.

With its spectacular scenery, variety of outdoor recreational activities and sound infrastructure, Namibia offers a playground for locals and tourists, and is particularly popular with visitors from neighbouring countries such as South Africa and Angola.

Many South Africans have enjoyed camping, fishing and off-road excursions on leisure trips to Namibia. With similar banking and property laws, Namibia is a familiar environment for SA investors, and residential property can be bought and sold without restrictions and offers sound returns.

In helping meet a strong demand for permanent and leisure homes, attractive investment opportunities are becoming available in new residential developments in major centres such as Windhoek and Swakopmund, says Paul Kruger, Pam Golding Properties joint area principal in Namibia.

One of the most popular tourist destinations, Swakopmund is at the mouth of the Swakop River, next to the Atlantic Ocean and surrounded by the Namib Desert. The town has numerous tourist attractions including distinctive buildings and museums, coffee shops, restaurants, nightclubs, bars and hotels in the town centre.

Against the contrasting backdrop of desert and sea, Swakopmund has grown from a tiny population in 1892 to the present-day tally of 42 000 residents. And since it is only 360km from the capital of Windhoek, this is an ideal getaway weekend location. Swakopmund also has its own airport, with an international airport in nearby Walvis Bay providing connections to Windhoek, Cape Town and Johannesburg. The Trans-Kalahari highway passes through Swakopmund, connecting it with inland towns and neighbouring countries.

Says Kruger: ”All these attributes have helped create a strong holiday rental market as well as demand from buyers who want to invest in their own holiday homes in the town. There’s no doubt that being a sought after tourist destination has significantly boosted Swakopmund’s property values, making it a prime investment area for Namibians and foreigners.”

Pam Golding Properties is marketing Ocean View Villas, a brand new, 44 unit residential development between a proposed new mixed-use, waterfront development and Mile 4 – a suburb renowned for its beach and shore-angling. The planned new mixed-use waterfront development will have a waterfront retail and lifestyle centre incorporating shopping, entertainment, breakwater, boat launch, luxury seafront apartments and a hotel.

Ocean View Villas consists of double-storey townhouses that are selling off-plan with prices starting from N$1.6 million (Namibian dollar is equivalent to SA rand), with a N$20 000 deposit required to secure a unit. There are 18 units available in phase one, and each 205m2 townhouse has three bedrooms, two bathrooms, a fitted kitchen and open plan living are, a small garden and a double garage. The rest of the units will be developed in phase two.

“Being aligned with the new waterfront development, Ocean View Villas is ideally placed to capitalise on the direct socio-economic impact of this on the demand for residential units in Swakopmund,” says Kruger. “As Swakopmund is well-established as a favourite weekend and holiday destination, the new Ocean View Villas development is an ideal option for buyers who want their own holiday homes, for buy-to-let investors or for owner occupiers, including professionals working in the vicinity.

“Transfer of the units will take place once construction is completed. With a timeline of about one to two years for completion, this means buyers should achieve capital growth of around 10 to 20 percent before transfer. For those who wish to let their homes out when not in use, or for rental income, there is a strong demand for both holiday and permanent rental accommodation, particularly in prime locations such as this,” he says.

Security features include a 2m boundary wall with an electric fence, 24 hour security guards, access control for visitors, and remote controlled gates. Construction is about to commence on a few show units.

Call Barbara Gibson on +264 (0)81 656 2619 or email barbara.gibson@pamgolding.com.na or Anna Theron on +264 (0)81 146 3320 or anna.theron@pamgolding.com.na or visit www.pamgolding.co.za.