Properties at Imhoff Manor, Kommetjie’s first retirement development, are now for sale. The announcement of a new retirement village in such a scenic coastal area is excellent news.
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The completion of Imhoff Manor is due in about three years, and buyers who get in now are buying their future retirement home at today’s accessible price. All the properties are freehold, and not life rights.
Despite an uptick in development in recent years, there is still a dire shortage of retirement property in the Western Cape, so with Kommetjie’s first-ever retirement development just launched for sale off-plan, Imhoff Manor is set to fill a significant gap in the market.
“More and more people want to retire away from the city and Kommetjie is especially appealing as it offers a slow-paced seaside village lifestyle in scenic surrounds whilst being only being a 40-minute drive from the city and an hour from the airport,” says Natalie Cooper, Area Specialist for Lew Geffen Sotheby’s International Realty.
“Everything they could want is literally on their doorstep, from a variety of restaurants and quaint shops to beautiful beaches, numerous wine farms, scenic hiking and biking trails and fishing and surfing spots and in very close proximity are amenities like shopping centres and hospitals.”
Imhoff Lifestyle Estate
Situated within Imhoff Lifestyle Estate, Imhoff Manor comprises a collection of two and three-bedroom architecturally designed luxury homes with large patios and, once complete, amenities will include a medical centre offering medical and care services as needed, a swimming pool, a clubhouse and state-of-the-art security.
“All the designs options are light, bright and contemporary and thoughtfully designed with high-end, low-maintenance finishes and open plan interiors that can accommodate mobility aids which allows residents to comfortably age in place.”
“Homes are also very accessibly priced between R3 550 000 and R5 550 000 and, with completion due in three years, it gives buyers the opportunity to purchase their future retirement homes at today’s prices.”
“Investing in these developments at an early stage gives people the opportunity to plan for their old age and ensure that their capital investment holds its value, and often, even increases in value,” says Arnold Maritz, Co-Principal for the group in Cape Town’s Southern Suburbs.
“And, because all the homes at Imhoff Manor are freehold rather than life rights, early investors can rent them out until the time comes for them to retire, thereby subsidising their investment and minimising monthly bond repayments.”
Developers shift focus
A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector in recent years, with current accommodation expectations worlds away from the conventional model.
“The traditional concept of apartment block-styled old age homes which offer little more than a room and three-square meals a day now falls far short of needs and expectations which range from active lifestyle estates to residential villages that offer frail care,” says Maritz.
“Today’s active retirees expect top-class lifestyle amenities and, instead of single rooms, they are wanting self-contained, low maintenance units that afford them more independence and freedom.
“To meet these changing needs, developers have shifted their focus to create a more holistic offering with an emphasis on lifestyle, wellness and vitality within secure communities and, having already established 11 retirement estates The Devmark Property Group, are pioneers in this sector with decades of experience in developing and managing retirement estates.”
