The entrance gate at Avenida in Burgundy Estate, Plattekloof.
The second phase of Avenida, a secure development to be undertaken by the Rabie Property Group in Burgundy Estate, is to be launched next weekend (February 25 and 26).
Phase two of Avenida will comprise 70 one and two bedroom apartments priced from R880 000 and R1.18 million.
It follows the near sell-out of phase one where buyers have snapped up around 50 apartments since its launch in October last year.
The second phase includes 12 one-bedroom apartments; 10 two-bedroom units with one bathroom units and 48 two-bedroom units with two bathrooms.
Sizes vary from 57 m2 to 76 m2, including balconies.
Generous parking is offered on the ratio of one bay a bedroom with plenty of secure visitor bays also provided.
When fully developed, Avenida will comprise a total of 183 apartments and eight townhouses and will have wide open spaces with a number of pocket parks and lush landscaping, as well as a host of other communal facilities including a swimming pool and a clubhouse, braai facilities and a children’s play area.
Designed by award winning architects, Boogertman & Partners, the R235m development will be walled with access control and electric fencing along Tygerberg Valley Road.
The apartments will be built in a cluster of three storey buildings, and many will enjoy panoramic sea and/or mountain views or overlook green open spaces.
All apartments will have fibre to the home providing residents with high speed internet connectivity and the top floor apartments will have private braai facilities.
Brian Usher of Property World, the exclusive on-site agency, says phase one proved extremely popular with investors and owner occupiers.
“Rabie has really raised the bar at Burgundy Estate since they entered this market two years ago as a joint venture partner with Nedbank. The larger size of their developments has bought an economy of scale which has enabled them to provide a range of amenities which smaller developments were unable to.”
Development director, Miguel Rodrigues says, as with Rabie’s other developments at Burgundy, a stone clad entrance will provide a strong sense of arrival at Avenida.
He says construction of phase two of Avenida was is to start in May and completion is scheduled for May/June next year.
Avenida is the fourth development to be undertaken by Rabie at Burgundy Estate.
The first was Vermont, comprising 190 one, two and three bedroom apartments which has been acquired in its entirety by a private investor for rental stock. Construction of Vermont is being phased and final completion is scheduled for April. The more than 100 apartments completed to date have all been let.
Vermont was followed by Zarina, a development of 181 apartments and townhouses of which 176 units including all the apartments have been sold, with only five townhouses still available. Zarina is due to be completed in September.
The third development being undertaken by Rabie at Burgundy is Springfield where 68 freestanding homes are planned and which has also attracted strong market interest.
Phase two of Avenida will be launched from the Rabie Sales Centre in Burgundy Estate over the weekend February 25 and 26 from 2pm to 5pm.
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