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Polokwane in need of more upmarket sectional title developments

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Oliver Moorcroft, Seeff’s MD in Polokwane says the price range for sectional title units most in demand is for between R800 000 and R1.2 million and then also for more upmarket, modern units with quality finishes priced over R2 million.

“We are currently experiencing a trend of buy-to-let investors with regard to sectional title in Polokwane. Sectional title complexes located in good areas that are priced competitively and offer a good return on investment as well as capital growth appeal to these buyers”.

Moorcroft adds that the biggest draw cards that make one sectional title development stand out from the others is when the development offers good security, a garden for children to play in, a complex that is pet-friendly, a complex that offers extra parking space for visitors, units with modern finishes and double storey units that offer guest bathrooms for visitors on the ground floor.

Moorcroft continues that young families prefer established, high security sectional title complexes and young professionals and specialists who come to the city for one or two nights per week often choose to reside in upmarket sectional title developments.

Seeff Polokwane is currently marketing fourteen units in the new Ce Ce Bon townhouse development in the popular suburb of Bendor.

This modern, upmarket sectional title development consisting of only 14 units is one of a kind - not only with regard to very modern finishes - but also with bigger gardens than most other sectional title developments in Polokwane.

“The units are priced between R1.85 million and R2.2 million (transfer costs included) and have three bedrooms, 2.5 bathrooms and a double garage each. The size under roof is around 230m2.

These units are architecturally appealing and boast long single windows for more light, while still offering enough privacy. The interior is painted in wood smokes and designer grey. The state of the art kitchen offers a two tone cupboard and Caesar stone finish.

Windows in the units are surrounded with boxes filled with grey pebbles with in situ finishing being used for the roofs. Cemcrete was used to finish the up stand beams. The outside finishes are a combination of red face brick, full plastered walls, washed and painted sections. These all combine to reflect a very appealing 3-D view.

The back of the building offers a wooden deck with a robust steel structure that can be used for entertainment. Sliding doors lead to the luscious green garden.

There are two types of units. Both types include guest bedrooms with built in cupboards. The main bedroom in Type A has an en suite bathroom and ample cupboard space in the room. The main bedroom in Type B has a walk in cupboard and an en-suite bathroom."

Moorcroft concludes that even though the market in Polokwane has slowed down because of uncertainties in the economy and sellers having unrealistic expectations as to the value of their properties, well priced properties still sell quickly.

Link to property:
https://www.seeff.com/results/residential/for-sale/polokwane/bendor/house/22739/

Author: Tanya van Buuren Botma

Submitted 02 May 19 / Views 649

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