‘The Executive’ Retirement Hotel site in Athlone Park, a leafy suburb 20km South of Durban CBD, is ideally situated for the development of a ‘non-assisted’ retirement hotel, offering a safe and peaceful environment close to core amenities such as beaches, a stunning golf course, hospital and other medical facilities and extensive retail areas. The development will comprise five levels of 60 one bedroom suites, each with a designated parking. As well as in-house amenities, such as restaurant, lounge and library. Externally, the development will feature a landscaped garden with seating areas, a braai area and an infinity swimming pool.
The development will also include a 2 lane rooftop lawn bowling green and the related in-house facilities will include outsourced primary medical care.
The retirement market in South Africa is flourishing, with demand for units at all-time highs in many areas. Supply is limited, particularly for better placed facilities, which often rapidly sell out off-plan. ‘The Executive’ offers a great opportunity for a developer to capitalize on this stronger market trend.
Comprehensive business case with development cost calculations to hand.
Alternatively, for the discerning buyer to build the home of your dreams with the only view of it's kind, or for the savvy developer to erect multiple units. The possibilities are endless.
Latest news, drastic price reduction!!
Due to the decision to retire early and divest of his remaining sites, the seller has with immediate effect reduced the price from R7,000,000 to R4,725,000.