BONSAI ESTATE IN CAPE TOWN’S NORTHERN SUBURBS IGNITES LAUNCH WITH R100 000 OFFER

MSP Developments recently announced that they were to set to launch a new signature development called Bonsai Estate on a prime pocket of land in the heart of ever-popular Langeberg Ridge in Durbanville. Very accessible pricing, a natural environment with 28 existing trees on site, landscaped parks and recreational areas have seen pre-launch interest and contracts with a combined sales value in excess of R25 million already signed.

To add to the attraction of the estate, MSP Developments – who are known for excellent inducements and competitive offerings – has released a limited offer of R100 000 rental assistance for 30 of the 120 luxury apartments. Says MSP Developments CEO Riaan Roos: “This is a limited launch offer, where purchasers of 30 selected apartments at Bonsai Estate will receive a massive R100 000 early-bird buyer saving if they seal the deal by 31 October 2020.

“Given that the apartments are already attractively priced, at from only R1 399 900, or R9550 per month (calculated at prime over a 30-year term), this R100 000 injection will be a substantial boost for the 30 lucky buyers. Potential purchasers are acutely aware of the attractive interest rate currently on offer and are looking for great deals. The Bonsai Estate apartments offer just this and make for an excellent investment buy, with an anticipated gross yield of 8%.

“With our strategic partners we invested considerable time in researching the market and planning this project, and believe that our designs, finishes, landscaping, amenities, security and unique location will set Bonsai Estate apart from anything else currently on offer in the area. It is being developed on a prime site, on the last pocket of land in a mature, well- located suburb. It promises to be a flagship scheme offering outstanding value in terms of location, lifestyle and choice to both young professionals and families. Once complete there will be 120 apartments and 94 freestanding homes.”

Bonsai Estate is ideal for contemporary family living and will feature a number of landscaped parks and recreational areas, including a one-of-a-kind children’s play area designed in conjunction with leading play equipment manufacturer Wooden Elements. There will also be a kick-about field.

The initial set of apartments to which the rental assistance offer of R100 000 applies are 2 bedroom, 1 bathroom units boasting balconies and outdoor braai units, with 2 parkings (one covered and one open bay). Each apartment has been expertly designed by SS Architecture & Associates and Bsense Interior Design. Two interior moods are being offered and superior fittings and finishes include quality vinyl and tile flooring, engineered stone countertops, Bosch stainless-steel built-in oven, hob and extractor and Hansgrohe sanitaryware. There are 6 apartment configurations to choose from with sizes ranging from 68.3 sqm to 77.6 sqm.

In addition, there are 16 premium apartments, priced from R1 699 900, which feature extra-spacious interiors of 77.6 sqm and come with the following Bosch appliances as standard: stainless-steel built-in oven, hob, extractor, stainless-steel fridge/freezer, and washing machine/tumble dryer combo.
The freestanding homes on offer in Bonsai Estate are sized from 145.2 sqm to 189.74 sqm, include 3 bedrooms and 2 or 2.5 bathrooms and are priced from R2 299 900. Each boasts contemporary architecture with stylish interiors for simplified modern living. With 9 configurations to choose from, each home features a double garage with direct access to the house, and state-of-the-art finishes including engineered stone countertops, Bosch appliances, Hansgrohe sanitaryware, LED downlights, and a built-in-braai in an enclosed garden. Optional extras include freestanding Smeg gas/electric ovens, premium hardwood floors, air-conditioning and splash pools.

A low securing deposit of only R25 000 applies, and the estate is pre-approved by all major banks with 100% mortgage bonds available. No transfer duties are payable.

The Bonsai Estate team of Development Specialists is available via phone call, email, WhatsApp or Zoom to assist buyers in finding their new home as well as to book a private viewing, during which full safety and sanitisation precautions regarding COVID-19 will be in place.