Chas Everitt Opens Office in Worcester

The Chas Everitt International property group has opened a new franchise in Worcester, the bustling Boland town at the heart of the country’s biggest wine-producing area.
 
The owner of the new franchise, which also covers Rawsonville and De Doorns, is Lulu Theron, who has a wealth of real estate experience as both an agent and a business owner, and believes now is a great time to launch the national brand in Worcester.
 
“The demand for property in Worcester is on the rise at the moment, with one of the main drivers being the growing trend of people moving away from the cities to smaller centres where they can enjoy a more relaxed, ‘country’ lifestyle and bring up their children in a safer environment,” she says.
 
“Worcester is known for its excellent private, public and special- needs schools and spectacular mountain scenery, which are of course big draw cards for such buyers, but the main attraction is the fact that its real estate market offers great value for money when compared with other options also about 120km from Cape Town.
 
“Even at the top end of our market in newer suburbs such as Langerug and Fairway Heights, prices for executive homes generally range from about R2m to R3,5m - which is also well below the range for similar homes in Cape Town’s upmarket suburbs.”
 
Family homes with four or five bedrooms, pools and spacious gardens are available in suburbs such as Fairy Glen, Panorama and Van Riebeeck Park for between R1,6m and R2,7m, while at the lower end of the market, two-bedroom apartments in security complexes are priced at between R450 000 and R650 000.
 
However, Theron says, prices are moving steadily upwards now in the face of a growing shortage of supply. “New residential development in Worcester has lagged demand for some years because of a lack of funds for infrastructure expansion, and at the same time, the expansion of the town’s economy and public facilities has brought about an additional influx of new residents - many of them to work here rather than commute to Paarl or Cape Town.
 
“For example, when the Worcester Hospital was substantially upgraded and expanded a few years ago and then designated as a teaching establishment by the University of Stellenbosch, it prompted many doctors, medical students and other academic staff to move here.”
 
The town is also the business, agricultural and tourism hub of the Breede Valley region and houses both the executives and employees of Sasko, Coca-Cola, KWV, Rainbow Chicken and many other food processing companies that have been established here, she notes.
 
“Other major employers include the Golden Valley Casino and Hotel and the retail outlets in the Mountain Mill shopping mall as well as the local wine, fruit and table grape farms. Worcester also has a highly popular Wine & Olive Route featuring more than 20 cellars, and a rapidly growing eco-tourism sector.
 
“In short, there are some outstanding opportunities here now for developers and property investors – and being part of the Chas Everitt International group will give my team and I access to a range of sophisticated marketing platforms and enable us to reveal these to a much wider national and even international audience.”
 
Issued by
Chas Everitt International
For more information contact
Lulu Theron on 082 771 4128
Or lulu.theron@everitt.co.za
Or visit www.chaseveritt.co.za