A new access-controlled security complex in Hibiscus Road, Gordon's Bay, has just been completed.
La Bella is situated near the Pick and Pay shopping centre and the Harbour Island small boat harbour and marina. It comprises 198 units with braais and covered parking, and the complex includes a large swimming pool with facilities. A rental company has been established at La Bella to focus on the growing need for tourism-related accommodation in the area.
"We believe that this market offers huge potential. Most popular in La Bella are the units up on daily furnished rentals for holiday accommodation. Full house-keeping, check-in, administration and other support services (including tax advice and administration) are provided," says Monté Jordaan, managing director of Multi-Projects.
"Should the owner wish to use their unit for themselves on occasion, they just need to call the central reservation number 24 hours in advance. Owners will also be able to use the housekeeping and support services at a fee. A hotel grading will be given to all of the units that are let out on this basis."
Jordaan says that there are 10 units left for sale in La Bella, and some available on the daily accommodation option, starting from R559k (all costs included) for a 54sq m one-bedroom apartment.
The current slowdown is temporary. I believe that we will see a dramatic turnaround in the next 18 months, with prices escalating at 18%-plus per year. We have seen the normal rental market escalate fast, with rental return having grown by more that 20% this year alone."
For more information contact Multi-Projects on 021 850 9620 or send an email. Click here to visit the website.
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