The Woods - A secure residential development in Elaleni Coastal Forest Estate, Sheffield Beach, KZN
Phase 2 The Woods at Elaleni
Situated on a generously sized 5500 sq. metre site in Elaleni Coastal Forest Estate, Phase 2 of The Woods – Elaleni is an exciting co development opportunity which has recently been launched onto the market.
Aimed at investors who would like purchase in a new development, this offering enables purchasers to participate as a "Co-Developer" whereby they can purchase shares within the development company and benefit from the 15 to 25% profit that is usually added to a building scheme when it has been completed and then launched to the market. Should the investor wish to retain a unit, their shares would be converted into a sectional title transfer. Alternatively should the investor elect to sell the unit, at the transfer market price after completion, a simultaneous registration will be carried out on transfer. These units can also be rented out once complete.
This new development will comprise a mix of 38 contemporary styled dual level two and three-bedroom free standing and semi-detached pet friendly units, with a choice of four different layout design. Set out as a village style development, each unit has a private garden and these units range in size from 92 sq. metres to 115 sq. metres with prices ranging from R 2 455 642 for 2 bed unit up to R 3 262 944, excluding VAT for a 3 bed free standing home.
The ground floor sections hold the living areas, kitchen, covered patio and courtyard whilst the upper section holds the master bedroom and either one or two additional bedrooms and a bathroom. There is also the possibility to add additional space (28m2) above the garage for the freestanding units This complex will also offer a residents Clubhouse which will include a pool, a firepit, change rooms, braai area, covered entertainment space and open green space.
