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Luxury retirement hotel coming to Plett

Plettenberg BayInvestors take note: a unique luxury retirement hotel is on the cards for Plettenberg Bay – and it’s open to any age of investor.

Plett Platinum presents 32 own-title opportunities to investors, retirees and people approaching retirement age to own a stake in a unique, four-storey modern building that offers different levels of care to residents, depending on their health.

“The hotel caters for every type of retiree, from those who wish to live independently but within a safe environment, to those who need assisted living and also to the frail elderly who need specialised medical attention 24 hours a day,” said Kevin Engelsman, the MD for Seeff Properties in Plettenberg Bay, one of two agencies marketing Plett Platinum, noting independent living in the hotel boasts luxury style living in your own apartment and includes 10 main meals per month (or more if you wish), cleaning services, a nurse on call 24 hours per day and general health monitoring by a doctor. “This will cost R3,500 per month for the first occupant and R2,000 per month for the second occupant.

“Assisted living includes living in your own luxury apartment, a main meal daily, cleaning services and laundry of bed linen, daily making of beds if required, 24-hour nurses call system, daily showering and dressing assistance if required, visits from the duty nursing sister and general health monitoring in conjunction with the resident’s doctor, among others. The monthly rate for this option is R9,500 for the first occupant and R7,500 for the second occupant.

“Frail care includes private single rooms with an en-suite basin and toilet, 24-hour care by a nursing team, all meals, activities planned by an occupational therapist and daily laundry and cleaning services, among others. The monthly rate is R20,000 per month for residents and R25,000 per month for non-residents.”

Plett 3D_5

Artist’s render of Plett Platinum

According to Dirk Green, a Seeff Properties agent in Plettenberg Bay, investors can set their own rentals, passing on the costs of the independent, assisted living and frail care packages to potential tenants.

The ground floor consists of a reception area, comprehensively equipped luxury lounge and dining room, library, gym, spa, aqua-pool, hairdresser and multipurpose room. There is also state-of-the-art care centre with a nurse’s station and seven frail care suites with all the necessary ancillary uses.

“There are six one-bedroom and 26 two-bedroom luxury en-suite apartments, while some of the first-floor apartments open onto the rooftop garden. Both the other floors also have a small, discreet nursing station,” said Engelsman, noting that aartments range in size from 50m² to 85m², including private balconies and range in price from R2,2m to R3,7m. “There is also basement parking. All prices include VAT and transfer duty but exclude bond registration costs.”

Building will commence once 60% presales have been achieved, with 15 already snapped up.

“A 10% deposit will secure your apartment, but no other payment is required until transfer in mid-2018,” said Engelsman. “There is no age restriction on a purchaser, but tenants and occupants of the apartments must be older than 50 years.”


Contact Seeff Plettenberg Bay on (044) 533 0311 for more

Top photo: View from the entrance to Robberg Nature Reserve with Beacon Island at the back

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