Investors playground situated within next biggest node in Western Cape
Positioned alongside Stellenbosch, Paarl and Franschhoek, Devonbosch is a stone’s throw away from golf courses, horse riding schools, award-winning wine estates and Cape Town International Airport. With easy access routes to the N1, R304 and Bottelary Road, this new development is ideally situated Koelenhof, the newly formed area within in the Stellenbosch Municipality Administrative District, and primed to be the next biggest node in the Western Cape with its first residential offering officially breaking ground in November 2022. Despite plans for this new development to also offer some of the most diverse and exciting facilities and activities on its doorstep, one of the development’s most attractive offerings is that investors are being guaranteed a premium rental income for two years from transfer on selected Piazza apartments.
According to Devonbosch’s developers – SquareTurn Developments (a South African subsidiary of the Belgium based SquareGroup company) – the Piazza is an European-inspired visionary development situated within the heart of Devonbosch and will comprise of 1-, 2-, and 3-bedroom designer apartments that are being released to the public in December 2022 starting at R1 575 000 during its first phase. “Safety will be a priority at the Piazza with planned 24-hour security. It will also be home to business, retail, residential and some of the most exciting adventure attractions that includes the winelands’ first-ever surfing without wind or waves creation called e-foiling and the greatest of all time (GOAT) mountain bike trail. With so much to offer residents and more especially investors who we have guaranteed a rental income for two years, we are excited to see the response to the Piazza’s first phase and this momentous milestone of breaking ground on site,” says Jean Pierre Nortier, CEO of SquareTurn Property Developers.
According to Nortier, the psychology around this development post the pandemic is its focus on the green and blue spaces as a key feature to living in Devonbosch as it has the potential to affect health and behaviour through the provision of aesthetic spaces for relaxation, socialisation and physical activity. Breaking ground in November on the next set of commercial and residential buildings, The Piazza will showcase an aspirational balance of urban and outdoor living through its rich amenity offerings which includes bespoke retail, restaurants and cafés, a business hub, a green park, a bike academy and a host of other outdoor activities within the beautiful backdrop of Stellenbosch, Western Cape.
“Our intention is for residents to be inspired to spend more time outdoors through Devonbosch’s new facilities promoting ‘life unlimited’. Some of the attractions include a natural lake and vast areas of wetlands, the winelands’ first-ever surfing without wind or waves creation, catch and release fishing, mountain biking, hiking and running trails, green parks and adrenalin pumping activities for all ages. Apart from the high adrenalin sports and recreation that residents will have access to, there will also be areas to pause and enjoy the outdoor green spaces provided with peaceful hideaways being built that will allow for unwinding and savouring the beautiful scenery. An amphitheatre is also on the cards that will set the stage for live entertainment to be enjoyed by the whole family”, explains Reghard Goussard, Founder of Trails SA Network NPC and part of the SquareTurn development team responsible for the development of Devonbosch.
Also adding to the attractiveness of the Piazza offering is that every unit will be built using natural and sustainable building materials and will consist of sustainable elements from smart cooling and heating installations to solar energy and double-glazing windows, securing its ‘eco-friendly’ lifestyle status.
“With everything that Devonbosch and more especially the Piazza have going for it, we believe it’s simply a no-brainer for investors to want to buy into one of our 38 designer apartments that have a management solution that will take care of investors’ rental requirements. This solution will ensure that investors are paid a rental income, from month to month, that exceeds the market related area rental prices by up to 25%, thereby guaranteeing a net rental yield of up to 7.7% after levies have been deducted,” adds Nortier. The Devonbosch Piazza consists of 103 units, of which 36 are being launch now.
For more information or to register your interest before these limited number of units sell out, visit www.devonbosch.co.za.