Mount Edgecombe Retirement Village, set to be the biggest development of its kind

With R95 million injected into the Care Centre alone, this retirement estate is not only set to be the biggest development of its kind, but also an investor’s dream. KwaZulu-Natal’s latest retirement development, Mount Edgecombe Retirement Village, situated within the popular Kindlewood Estate, is providing potential buyers with an incredible investment opportunity.

Understanding the modern day retirement demands, and providing top quality healthcare and other specialised services, those purchasing a home within Mount Edgecombe Retirement Village are buying into the already established Kindlewood Estate, offering an array of top-class amenities and open spaces.

“Comprehensive research has allowed us to build a facility which the public have played a prominent role in helping our team customise ideas and explore what works practically for the end user,” says Collins Residential representative, David Cameron.

“Home-based care has the tendency to be unreliable and hugely expensive which is why the convenience of our 112 bed Care Centre serves as our priority. Historically, we have seen some developers over promising and under delivering, however by building our care center first, we are following through with our promises and giving our buyers peace of mind,” he continued.

Getting in early on an off-plan retirement development, with trusted developers will ultimately result in value appreciation, especially given the huge demand for retirement living and facilities in KZN.

“From our experience, our off-plan developments have gained up to 25% from purchase through to transfer. Looking at other local retirement examples such as Somerset Valley, where the latest sale of 168m² sold for R4 350 000, which excluded the transfer duty – this makes for promising reading and clearly highlights the investment potential of retirement developments,” says Cameron.

“From a rental perspective, a retirement product gives you diversity in the real estate market. There is much of the same product being brought to market, which can ultimate have a negative effect on investors,” he explains.

“Having the foresight to buy, even when you don’t need it now, enables better capital growth as prices are going to increase given the demand and lack of adequate supply. There are many retirees who cannot afford to buy their own retirement home for many financial reasons and others would prefer a rental option as they would prefer to have a lock-up-and-go, allowing them to have accessible funds to spend on themselves traveling or treating themselves for the years they’ve earned it – the market is definitely there!”Cameron shares.

In addition, Mount Edgecombe Retirement Village is an exceptionally unique development being the first-of-its-kind in more than a decade. “The one factor which often hinders a sale of this kind is that people like to see what they are getting, but because Mount Edgecombe Retirement Village will be modelled architecturally on the surrounding Kindlewood Estate, investors can get a real feel for the quality structures and lifestyle they will be buying into, by showcasing other units we’ve developed on the estate,” ends Cameron.

Collins Residential boasts an impressive record of developments including Zululami Luxury Coastal Estate on the KwaZulu-Natal North Coast and Emberton Estate in Hillcrest. The organisation is renowned for setting the precedent in professionalism, quality and delivery, resulting in Mount Edgecombe Retirement Village fast-becoming one of the most sought-after retirement villages in the province.

Leave a Reply

Your email address will not be published. Required fields are marked *