Just 45 minutes from Sandton and Pretoria on the southern shores of Hartbeespoort Dam, The Bay Golf Estate offers an ideal primary living base for those looking for secure living in wide open spaces, far enough away from the drudgery and traffic of city suburban living.
The Bay Golf Estate is the second residential property development in Hartbeespoort Dam for Johannesburgbased developer Ivora Properties. Scheduled for official launch in Spring 2008, The Bay Golf Estate will feature some 500 home sites starting at R650 000 and will be served by the area’s first fully fledged retail shopping centre. The 18-hole golf course will be designed by world-renowned golf-course architect company Matkovich and Hayes, with legendary SA professional Dale Hayes involved in the design process together with the much revered Peter Matkovich for the very first time.
Lifestyle facilities include an exclusive crèche service; a top health spa as part of the estate’s hotel; recreational facilities from tennis courts to a water sports club and a “community centred” clubhouse. The Bay seeks to offer a balanced mix of freestanding sites as well as medium to high density cluster and townhouse developments, allowing a wider proportion of the market to invest and enjoy the facilities that the estate has to offer.
The Bay Golf Estate will adopt energy efficient procedures, with a minimum requirement of low emission lighting, gas for cooking and solar heating. The application of grey water for irrigation and indigenous fauna and flora and water efficient grasses form part of the holistic approach to water conservation.
Construction on the site, which is subject to achieving sufficient pre-sales, is planned for March 2009 with property transfers scheduled for mid 2010. By then it is expected that interest rates will have dropped resulting in an increase in disposable income further improving the growth and demand for properties.
The cleanup project for Hartbeespoort Dam, Harties Metsi-a-me, should also have visible results within 2 years, further improving investment values in the region. The Bay Golf Estate is an astute investment offering great views of the dam, Magaliesberg mountains and surrounds. It is well placed in close proximity to Pecanwood College and a medical facility is being planned for the area. Other anticipated upgrades will be the new PWV3 highway.