Only two sites remain for development at exclusive residential estate, Izinga Estate.
One of the many successful developments rolled out within the Tongaat Hulett Development portfolio, Izinga is a sought after residential node that is a near sell out.
Andile Mnguni, Development Executive at Tongaat Hulett Developments, says that, following the sales of all available single residential and development sites within the current phases at Izinga, just two planned unit development (PUD) sites remain.
Already, four high end residential complexes have been developed on PUD sites within the estate, providing a signature lock-up-and-go environment that is not only spacious but set in natural coastal surroundings.
It is also strategically located just 2km from Umhlanga beaches, the Umhlanga commercial and town centre and the Gateway Theatre of Shopping as well as close to corporate offices on both Umhlanga and La Lucia Ridge.
“These last remaining PUD sites at Izinga are an attractive option as they are fully serviced and set within an already established community. The developer has an opportunity to benefit from the capital appreciation already realised in the surrounding estate. These sites present a rare investment opportunity as development sites here are diminishing,” explains Mnguni.
In July, Mnguni said that over 65% of the 2000 homes in the development had been sold with occupancy standing at 50% on active phases.
Tongaat Hulett Developments estimates it will be fully built within five years.
The two PUDs that are still available in Izinga’s open suburb are both in excess of 4000 m2 and provide for 17 and 18 units. The construction period is limited to four years.
Both the landscaping and architectural styles are carefully monitored.
Izinga’s architectural style combines russet tiled roofs with a muted paint palette of natural shades. It also incorporates organic stone and wooden features.
“These parameters still allow enough flexibility for developers to apply fresh and original concepts to the building designs and to create distinctive new homes which will enhance and complement the estate,” Mnguni says.
All open spaces within in Izinga are indigenously planted using low water use plants. Private homes are required to have 80% indigenous planting and 35% soft landscaping.
Although Izinga is predominantly a residential development, provision has been made for a convenience centre with more commercial facilities within the estate in the near future.