South Coast of KZN attracts investors

Platinum Planet, South Africa’s largest Real Estate grouping has transformed the way people do business in Real Estate and have secured another great success on the South Coast of Kwa-Zulu Natal.

Shelly Beach, which was launched a few weeks ago, consisting of 132 units, offering 2 and 4 bedroom freestanding sectional title units has already sold 90% of the entire complex with the last few remaining units expected to be sold within the next few days. The site was originally the Carapark caravan site at Shelly Beach, which is situated just above the old South Coast road and within one kilometer of all amenities.

Cherie Eilertsen, Chairperson of Platinum Planet says, “Initially, it was thought that buyers of units in Shelly Beach would come from “empty nesters” and people wanting a mature lifestyle, but I was pleasantly surprised when buyers of all ages responded to the excellent value for money that the South coast still has to offer”.

The shortage of properties for sale as well as a big demand for rental properties in this particular price bracket makes it an ideal long-term investment. Prices range from R399 000 – R799 000 and at current interest rates with a 10% deposit, the bond repayment will be covered by the rental income. What makes this even more attractive is the fact that buyers do not have to pay transfer duty, but only attorney’s fees as units are purchased directly from the developer.

Platinum Planet currently has in excess of R8 billion worth of property investment opportunities, signed under sole exclusive mandate, with prices ranging from R230 000 to R4 700 000 across South Africa.

Article by: Anthony van der Riet - www.platinumplanet.co.za