Industry & Real Estate

Thursday, 14 August 2014 10:46

SECOND PHASE OF 42 HECTARE RESIDENTIAL ESTATE IN SOMERSET WEST TO LAUNCH IN SEPTEMBER

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Waterford Green will consist or 48 freestanding homes selling from R1,3 million

The second development phase at Somerset Lakes, a 42-hectare residential estate in Somerset West, will be released to the market in mid September. The first phase sold out rapidly, with 114 sales being recorded within just six weeks of the launch. Construction of the first phase is well under way and occupation is expected to take place in mid 2015.

The new phase, Waterford Green, comprises 48 freestanding double-storey houses, selling from R1,3 million including VAT, no transfer duty. These two and three bedroom homes offer spacious, contemporary, open-plan living areas and private gardens. All homes include at least two bathrooms, one being en suite, and the three-bedroom design offers a garage and an optional guest toilet.

According to Dave Harris, Sales and Marketing Manager of Somerset Lakes, the new product has been specifically designed to help meet the growing demand for affordable, quality housing in the popular Somerset West area.

“We’ve been inundated with requests from buyers looking for houses,” Harris said. “People want freestanding homes with gardens, views and security, in close proximity to the centre of Somerset West, and that’s exactly what our latest product at Somerset Lakes has to offer.”

Designed by Schabort Associates Architects, the new development phase is located alongside the six-hectare lake that gives the estate its name.

“This unique feature is a huge attraction,” Harris commented. “It’s ideal for swimming, canoeing, sailing, windsurfing and fishing, and home to a rich variety of water birds. A magnificent community clubhouse on the shores of the lake, The Summer Club, will enhance the appeal of this fantastic recreational asset, providing residents with play areas, boat sheds, a sandy white beach, and a swimming pool and deck area with stunning views of False Bay and the Hottentots Holland mountains.”

The developers, Omwieco (Pty) Ltd, a consortium of highly experienced development professionals backed by financial giant Investec, have devoted no less than 40% of the estate’s total area to green, open space for the recreation of residents. This includes the lakes and other water features, a mature forest of stone pine trees, landscaped parks and gardens, and kilometres of walking trails and mountain biking tracks.

An indigenous fynbos nursery has been established on the estate, which was recently awarded the prized 2014 SALI Gold Award for landscape design by the South African Landscapers Institute.“No expense has been spared to implement the most technically advanced security system at Somerset Lakes,” said Harris. "These measures include electrified perimeter fencing with 70 high-definition surveillance cameras, which are monitored around the clock from the hi-tech guardhouse, 24-hour guarding and patrols, and an on-site rapid response team. Other advanced features include biometric fingerprint access control."

All homes in the estate will be hardwired with fibre-optic cabling for superfast internet access, DStv and VOIP telephone connectivity, which will allow free telephone calls within the estate.

A Curro Castle School is being constructed on the estate and is due to open its doors in 2015.

Convenient access to the Somerset West village has been provided by the developers through the R16 million construction of Reunion Drive, which links the main entrance of Somerset Lakes to Sir Lowry’s Pass Village Road under a specially constructed railway bridge. Just a few hundred metres from this entrance, an upmarket new shopping centre is now under construction, where Checkers, Woolworths Foods and Clicks will be the anchor tenants.The Vergelegen Mediclinic and the Somerset West CBD are less than two kilometres away, while popular Somerset Mall shopping centre is just 3,5 kilometres from the estate.

“When you consider the amazing lifestyle advantages Somerset Lakes offers, the security, the convenience of the surrounding amenities, and the incredible natural beauty of the estate, I have no doubt our second phase will sell as fast as the first one,” said Harris.“I strongly advise anyone interested to register online for an invitation to a pre-launch sales opportunity, ahead of our public launch in mid September, to avoid disappointment.”

For further information visit www.somersetlakes.co.za or phone 021 202 2200.

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