In what has been described as one of the largest financial injections in the region in years, the latest phase of the R120 million Windsor Park development will be launched at Despatch on Friday.
Construction of the development – which will set new standards in security, quality and finishing touches – started in 2005 and the last of five phases are expected to be completed before the 2010 Soccer World Cup.
According to Frans Swanepoel, one of the developers, this huge development is the result of an urgent need for affordable, safe housing in Despatch and Uitenhage. He says the establishment of the Nelson Mandela Metropole stimulated growth in the area.
Jaco Rademeyer of Jaco Rademeyer Estates in Nelson Mandela Bay, who is marketing this exclusive development, describes Windsor Park as exceptional. “It’s distinctive because it actually forms a whole new upmarket residential area.”
He says the development, located on the eastern side of the town on the corner of Main Road and the bypass between Port Elizabeth and Uitenhage, is ideal for first time buyers, but also has fantastic potential as an investment.
“It is perfect for individuals, couples and families wanting security and top quality finishes. Windsor Park is definitely at the forefront in terms of affordable, quality property in a modern style.
“The location ensures easy access to the Coega Industrial Development Zone (IDZ), the automotive (Volkswagen and General Motors) and related industries in the area, as well as Port Elizabeth,” says Rademeyer. “It is also close to prominent schools, shopping centres and other attractions.”
According to him, the development also creates an opportunity for residents of Port Elizabeth wanting to enter the property market and who are willing to commute between the city and Despatch. “Similar properties in PE could cost as much as R3 500 more per month, while fuel expenses might only be an additional R1 000 per month.”
Windsor Park consists of three different sub-developments: Windsor Park Home Estate with 25 loft apartments, 16 two-bedroom and 16 three-bedroom units (R449 800 – R598 500); The Swanz with 23 free standing units (from R619 800); and the luxury Windsor Park (fourth phase) with an entry price tag of R889 500.
Strict security measures is one of the trademarks of the development, says Rademeyer. “Windsor Park will be surrounded by boundary walls with security gates at the entrance and undercover parking for all units.
Windsor final
“The ultimate purpose of the development is to provide buyers with affordable and comfortable housing for a carefree lifestyle.”
For more information, send an e-mail to jacorademeyer@tiscali.co.za or phone Jaco Rademeyer on 083 320 6223 or 041 367 1151 (w).