The height of lux­ury by the sea

Michelle Swart looks at a newly com­pleted de­vel­op­ment in Clare­mont, Cape Town

Business Day - Home Front - - HOMEFRONT -

THE mod­ern-day Cape Town sub­urbs of Clare­mont and New­lands cover what used to be four farms — Questen­berg, Veld­huyzen, Stel­len­berg and Wel­tevre­den — that were es­tab­lished in 1657 by the Dutch on the southern border of the colony.

The Bri­tish took over the colony in 1814 and in 1822 a por­tion of Wel­tevre­den was re­named Clare­mont. From 1834 to 1838, Sir John Her­schel lived at Veld­huyzen and the vil­lage de­vel­oped from this set­tle­ment. The well known girls school Her­schel, founded in 1922, was named af­ter him.

From the 1840s, pub­lic trans­port in the form of horse drawn car­riages was used along this route un­til the open­ing of the rail­way to Wyn­berg in 1864. This made Clare­mont prop­erty in the area more ac­ces­si­ble. Af­ter the Boer war there was a hous­ing boom that re­sulted in sub-di­vi­sion of the es­tates.

To­day, Clare­mont has a wide se­lec­tion of res­i­den­tial prop­erty rang­ing from larger fam­ily homes in Up­per Clare­mont and smaller er­ven in the Grove area to town­house com­plexes or gated com­plexes that of­fer ideal lock-up-andgo homes. Clare­mont also has a large se­lec­tion of apart­ments, and, over the past cou­ple of years, three com­mer­cial build­ings in the heart of Clare­mont have been con­verted into up-mar­ket apart­ments.

Mike Gre­eff, CEO of Gre­eff Prop­er­ties, says that Clare­mont is in the throes of a size­able up­grade that will see it ben­e­fit from more than R1bn worth of prop­erty de­vel­op­ment that is new, planned or al­ready un­der way.

“Tra­di­tion­ally per­ceived as a suburb of con­tra­dic­tions, link­ing the well-heeled side of the southern sub­urbs to the more af­ford­able east, and pos­sess­ing a cen­tral busi­ness district where world­class build­ings stand side by side with derelict eye­sores, Clare­mont has long been both the anom­aly and the dom­i­nant up­mar­ket re­tail des­ti­na­tion of the southern sub­urbs. It is now in­creas­ing and ex­tend­ing its pro­file by draw­ing to­gether all the stake­hold­ers in the area. The Clare­mont Im­prove­ment District Com­pany has been fun­da­men­tal in what is termed the ‘Clare­mont Re­nais­sance’.

“With ex­ten­sive stud­ies and pro­pos­als (for­mu­lated in part­ner­ship with the City of Cape Town) achiev­ing real­i­sa­tion, the area is trans­form­ing it­self into a vi­brant com­mer­cial and high-den­sity res­i­den­tial node,” Gre­eff says.

He says that Clare­mont ac­com­mo­da­tion of­fers good re­turns that trans­late into grow­ing prop­erty val­ues. He says that an apart­ment com­plex, Intaba, which is lo­cated on Protea Street, is the per­fect ex­am­ple. Since its in­cep­tion in 2003, in­vestors have seen re­turns from 22% to 35%, and rental in­come on a two-bed­room unit is anything from R10 000 a month to R13 000 a month, de­pend­ing on the po­si­tion.

“Sim­i­lar units at Mont­clare, po­si­tioned above Pick n Pay and Vir­gin Ac­tive on Main Road, en­joy rental re­turns of about R10 000 a month to R12 000 a month.”

Gre­eff Prop­er­ties is man­dated to sell the sec­tional-ti­tle units at The Her­schel, Clare­mont’s new­est res­i­den­tial block. Con­struc­tion by WBHO of The Her­schel is fi­nally com­plete and units are now ready for oc­cu­pa­tion.

Lo­cated across the road from the pri­vate school, Her­schel, and just a block away from Cavendish and Main Road’s puls­ing nightlife and within walk­ing dis­tance of the Jam­mie Shut­tle, The Her­schel is par­tic­u­larly well placed for UCT stu­dents and young pro­fes­sion­als. Gre­eff says that a sig­nif­i­cant amount of in­ter­est in the block has been from par­ents seek­ing ac­com­mo­da­tion for chil­dren who are study­ing, as well as from in­vestors hop­ing to rent the units out.

“The Her­schel is equipped with 24-hour se­cu­rity with CCTV, a concierge, in­ter­coms and re­mote-control ac­cess, which, along with un­der­ground park­ing fa­cil­i­ties, make this block par­tic­u­larly suit­able for the stu­dent and of­fers par­ents peace of mind,” says Gre­eff, who says rental in­comes for the block will eas­ily match cur­rently achieved in Clare­mont’s ex­ist­ing res­i­den­tial blocks.

De­signed by Peerutin Ar­chi­tects and de­vel­oped by Ber­man Broth­ers Group in as­so­ci­a­tion with San­dak-Lewin, The Her­schel con­sists of 66 one-, two- and three­bed­room apart­ments, in­clud­ing gar­den apart­ments and ex­clu­sive pent­houses. The lux­ury bath­rooms are ex­cep­tion­ally spa­cious as the Her­schel was orig­i­nally in­tended as a re­tire­ment com­plex, so ad­di­tional space was des­ig­nated to al­low for wheel­chair ac­cess.

Other fea­tures in­clude un­der­floor heat­ing and heated towel rails, Cae­sar stone and white gran­ite tops, stain­less steel Bosch/Defy ap­pli­ances and Nouwens car­pets.

Solar-heated wa­ter is in­tended to re­duce elec­tric­ity bills and floorto-ceil­ing glass win­dows al­low nat­u­ral light to flood the su­per­mod­ern lux­ury flats with com­mand­ing views of Devil’s Peak and Con­stan­tia Nek, False Bay and the Southern Penin­sula. Un­in­ter­rupted, panoramic vis­tas can be en­joyed by all res­i­dents from the ex­pan­sive, roof pool deck.

The units are priced from R1,1m, ex­clud­ing VAT for a bach­e­lor unit, to R4m ex­clud­ing VAT for a north-west- fac­ing three­bed­room pent­house. For more info, con­tact Lyndi du Plessis of Gre­eff Prop­er­ties on 082 494 7965 or 021 763 4120.

An artist’s im­pres­sion of The Her­schel in Clare­mont, above. The Her­schel en­joys com­mand­ing views of Devil’s Peak and Con­stan­tia Nek, False Bay and the South­ern Penin­sula. Un­in­ter­rupted, panoramic vis­tas can be en­joyed by all res­i­dents from the...

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.