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Mount Edgecombe Park, KwaZulu-Natal
Sorry, Sold Out!!!
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Table of Contents
- Introduction
- General Overview
- Property Specifics
- Motivation
- Financial Analysis
- Maps
- Floor Plans
- Construction Photographs
Introduction
IPS is proud to announce an exciting new opportunity at Edgecombe Park, within the Mount
Edgecombe area Umhlanga.
Edgecombe Park is a residential 2 and 3 bedroom development in the heart of Mount Edgecombe. It
will provide the owners with a spacious, modern and family orientated unit, which is close to all the
local schools, shops, Golf Clubs and also transport routes for work. The benefits of the units are that
they are located within close proximity to the Umhlanga Ridge or “new town centre”.
If the unit is not to be used to live in, there are many young professionals who are looking for
accommodation in the sort after Umhlanga area.
The Gateway and Umhlanga area has shown huge growth in the business sector with a number of
large office blocks and wholesale building being built. This leads to a demand for rental properties in
the area.
General Overview
The Umhlanga area is highly sought after upmarket area for the higher net worth individuals. It is a
well-established area and property prices are very stable and have shown good growth in the past.
Transportation and Access
All the units mentioned below are close to all amenities, with Gateway just up the road. Umhlanga is a
short drive from Durban (South) and Ballito (North) The beach is a short drive from the units.
Other Facilities and Amenities
The units are within close proximity to all shops including the Gateway and The Crescent Centres and
are within walking distance to the Mount Edgecombe Golf Estate.
Shopping
Edgecombe Park is just a short drive from The Gateway shopping centre which houses all your retail
needs including the major banks. It is also within very close proximity to The Crescent, which has a
number of retail stores and car dealerships. Therefore, you have all the major chain stores and many
other smaller shops and convenience stores right at your front door so to say.
Property Specifics
Details
- Combination of
- 2 beds, 1 baths, 1 one open bay
- 3 bed loft, 2 baths, 2 parking bays
- Large open plan lounge
- Kitchen - very neat
- Built in cupboards in the main bedroom
- Neat bathrooms
- Neat exterior
- Secure fencing around complex
Motivation
These units are perfectly situated in the heart of the vibrant Mount Edgecombe community. They will
form the perfect affordable starter homes for families who want to have easy access to shopping
centres and work, and are situated in the highly sought after area of Gateway/Mount Edgecombe.
Along with the expected rental returns, the development being in the heart of Mount Edgecombe and
with modern lifestyles design, it is expected to achieve good capital appreciation. These units
are very well priced for the area - you will struggle to find much better value in KZN at the
moment. These units are all re-sales from speculative buyers but even at these prices they are a great
deal.
The development was phased, so phase one will be completed towards the end of October/beginning
of November 2005. Phase 2 will be completed in March next year.
Financial Analysis
Deal Specifics
- 10% Deposit. This is to be placed into the transferring attorneys trust account.
- Immediately after signing the contract, the customer has 30 days to acquire guarantees from the banks.
- The balance (mortgage) is to be paid on transfer.
- Occupation upon transfer
Timescales
| Item |
Due Date |
| Sign Offer to Purchase: |
As soon as possible |
| Pay Deposit: |
Within 14 days |
| Arrange Finance: |
Within 20 days |
| Pay Transfer & Registration Fees: |
After Finance Approved |
| Property Transfers: |
Depends on Phase 1 or Phase 2 |
Floor Plans & Price List
Maps
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| Street Map - click to enlarge |
Suburb Map - click to enlarge |
City Map - click to enlarge |
Photographs
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Construction photographs: click to enlarge
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Sorry, Sold Out!!!
Our preferred partners:
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| | UK: +44 (0)208 971 3245 |  | SA: +27 (0)11 880 5340 |
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