To meet the demand for high-end retirement accommodation, a luxury retirement complex is set to be developed in the heart of Plettenberg Bay.
A new “retirement hotel” just launched in Plettenberg Bay will help to meet the enormous – and growing - demand for high-end retirement accommodation in this area, says local Chas Everitt International franchisee John Fuller, who has just been awarded a mandate to market the apartments in the development.
Named Plett Platinum, this three-storey building at the corner of Gibb and High streets will offer 32 one and two-bedroom luxury apartments, all with beautiful sea, river or mountain views and secure basement parking. The site is also only 100m from Main Street with all its boutiques, retail stores, coffee shops and restaurants.
The ground floor will accommodate a reception area as well as a well-equipped luxury lounge and dining room, a library, a gym, a spa, an aqua-pool, a hair salon and a multi-purpose room. There will also be a bus for the exclusive use of residents and all these facilities will be retained and managed by the developer, the CareWell Solutions Group, while the apartments will be sold on a Sectional Title basis.
The main frail-care suite with state-of-the-art care centre and nursing station will also be on the ground floor and frail-care will be available in private ensuite bedrooms with high-care facilities, all meals, morning and afternoon tea, hot drinks and snacks before bedtime and DSTV bouquet in all rooms.
The other floors will have smaller, discreet nursing stations and two other levels of caring will be available, namely:
Assisted-living in residents’ own apartments, with meals in the apartment or dining room, cleaning services inclusive of laundry once a week and servicing of apartments twice a week, making of beds, showering and dressing assistance and nursing attention; and
Independent-living in residents’ own self-catering apartments, with 10 three-course dining room or in-house meals a month, weekly apartment cleaning services, and 24-hour nursing assistance on call.
An added-value offering for the first 20 buyers, notes Fuller, is that the standard monthly Independent Living levy will include five years’ worth of free Discovery medical aid cover with Vitality benefits and Stratum in-hospital gap cover.
“This is a huge benefit that will cover the costs of private hospital care if necessary, the costs of chronic medicines, annual medical check-ups and day-to-day medical visits while also providing owners with an oncology benefit and the opportunity to earn significant cash back on the purchase of healthy food, sporting goods, flights and medicines.”
Prices for the Sectional Title apartments range from R1,9m to R2,1m for one-bedroom units and R2,1m to R3,6m for the two-bedroom units, inclusive of VAT, transfer duty and conveyancing legal costs, he says.
“And although residents have to be over-50, there is no age restriction for buyers. These properties are thus a very good option for buy-to-let investors and at this stage a 10% deposit is all that is required.”
Completion of the development is scheduled for mid-2018, concludes Fuller.
