Western Cape Business News

Send  Share  RSS  Twitter  15 Jun 2017

PROPERTY: Marina Da Gama Beachfront Properties An Affordable Investment


Recent Western Cape Business News

A CONSTANT influx of people from the Northern parts of the country to the Western Cape as well as a great deal of foreign investment in especially luxury properties, confirms again the Cape is South Africa’s destination of choice - among locals and foreigners.

As a result very few coastal towns in the Cape still offers a beachfront lifestyle with a fairly affordable price tag, but fortunately Marina da Gama close to Muizenberg is one of the exceptions to this rule.

Steven de Villiers, a Seeff agent in False Bay, says prices in the Marina range from R1 million to R4 million, depending on the location on the island and that the property market here is quite active with between 64 and 81 freehold properties transferring per annum.

“Marina da Gama can be compared to a gated suburb and consists of four islands. It is only about five minutes from the beach, the M3 and M5 and the Blue Route shopping mall. Kalk Bay, St James and Fish Hoek are close by as well.

Properties Ideal for Retirement

Most people buying into the marina are either semi-retired or retired and seek a secure and serene environment where they can enjoy the pleasure of the various facilities on offer. Most buyers come from the southern suburbs, from up country and a small percentage of buyers are from abroad. When one compares the Marina to some of the other retirement villages across the Western Cape the levies are much more affordable.”

De Villiers continues that the Marina also attracts a younger group of buyers who prefer the more affordable Uitsig Peninsula where properties vary from R 1 million for a two bedroom and two bathroom home up to R3 million for a three bedroom waterfront home.

“Marina da Gama is still very much of a secret and a pleasant surprise to most buyers. The price of property is substantially more affordable than in the outlying suburbs and property here offer great value for money as well as a good return on investment”.

De Villiers adds that the suburb was built in the 1970’s and features homes which are situated on and around small peninsulas of land which jut into the Zandvlei estuary. The estuary boasts beautiful wild and bird life, indigenous fish, the Cape clawless otter, porcupine and water mongoose and spectacular views.

​Waterside Properties a Popular Choice

Most residents on the Marina own small paddle boats or canoes, and Zandvlei is well-utilised by lovers of watersports such as wind-surfing, kayaking and stand-up-paddling.

De Villiers concludes that the islands are connected to each other with large foot bridges, enabling residents to enjoy leisurely walks around the Marina and there is also a 1,5km circular walk around the Zandvlei reserve which can be accessed from the other side of the estuary in Lakeside.

“The entry roads into Marina Da Gama are permanently manned by security guards and the wooden security huts are a welcoming sight for residents, as well as a great deterrent for crime in the area”.

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