A new development in Riebeek Kasteel, with an estimated price tag of R18 million, will launch tomorrow.
This will include townhouses and retail spaces on the erf of the Kasteelberg Country Inn and Bistro.
Plans are currently in for approval with the Swartland Municipality and with Heritage Western Cape and might be approved during the course of February.
No formal construction may begin before that but developers will commence with the site clean-up, ceiling and floor repairs on March 1st.
This development is part of a development trust and will be managed by Percipient Property Solutions, owned by Mark Tame, who is also a stakeholder in the trust, together with a small group of investors.
Tame is moving to the valley in the next couple of months and has bought property in the valley where he is going to build his own dream house and investing in the valley even further.
“Having being schooled in a small country town (Sir de Villiers Graaf – Villiersdorp) the yearning to return to this lifestyle has never left and the redevelopment of the old Kasteelberg Inn provided the final impetus to do so.”
Once formal approval is received demolition of the recent additions of the garage and storage rooms will be done as well as the internal works on the existing building.
Tame hopes that this will not take more than six months.
According to Tame, the ground floor will be developed into eight retail units ranging in size from as a small as 8sqm to as large as 34sqm.
The idea is that some of these units can be combined providing as much versatility as possible. The first floor will be slightly reconfigured to provide four self contained hospitality units.
The development of the four townhouses or apartments will only commence once sufficient pre-sales are in place.
“The market feedback received is that there is a demand for small, modern lock-up and go units that are in keeping with the local architecture. These 164sqm, 3 bed units will be priced under R3m and will be sold on sectional title basis.”