Villa a mod­ern master­piece

Business Day - Home Front - - FRONT PAGE - Michelle Funke michelle@vel­vetsquare.co.za

This villa in Fres­naye comes with hi-tech de­sign, tech­nol­ogy and green fea­tures

DE­MAND for prop­er­ties in high net worth sub­urbs of the At­lantic Seaboard such as Clifton, Bantry Bay, Fres­naye and Camps Bay is not only up year on year, but th­ese ar­eas con­tinue to raise the bar in terms of the ex­clu­sive life­style on of­fer, the lo­ca­tion and views and the price that buy­ers are pre­pared to pay for this, says Seeff’s At­lantic Seaboard lux­ury mar­ket spe­cial­ist, Lance Co­hen.

“While the right ad­dress and panoramic sea views are a given cri­te­ria and price is not a defin­ing fac­tor, it is note­wor­thy that ex­clu­sive tro­phy homes are in­creas­ingly fetch­ing prices up­wards of R20m to R30m and are now breach­ing the R100m bar­rier,” he says.

“This year, there have al­ready been about 201 sales to the value of al­most R1,7bn in th­ese four sub­urbs alone, about a 16% in­crease in sales vol­umes this year.”

He notes that the At­lantic Seaboard is a unique lo­ca­tion that at­tracts not only mon­eyed lo­cals, but those from across the globe and is in­creas­ingly seen as a safe haven for wealthy prop­erty buy­ers from the African con­ti­nent. An anal­y­sis of for­eign buyer ac­tiv­ity this year re­veals that the area still at­tracts the lion’s share of for­eign buy­ing with about 96 sales to the value of al­most R784m, rep­re­sent­ing 28% of buy­ing ac­tiv­ity here.

That this small, yet highly sought-af­ter strip of coastal real es­tate has re­mained re­ces­sion­proof is also borne out by the fact that the av­er­age house prices here con­tinue to strengthen year on year. Co­hen points out that in 2005, when ac­tiv­ity was at its peak, the av­er­age price in Clifton was R9,8m. To­day it is R17,5m, al­most dou­ble. The av­er­age price in Bantry Bay has in­creased from R5,4m to R9,5m and more than dou­bled in Fres­naye from R3,6m to R7,4m while Camps Bay homes now cost on av­er­age R7,6m, up from R4,9m in 2005.

“Va­cant land is scarce and can sell for well above R9m for a plot,” says Co­hen. Based on land sales in the sub­urbs this year, rates range up­wards of R17,850/m2 to as much as R29,166/m2 for a plot in Clifton’s Net­tle­ton Road.

“An in­cen­tive is the av­er­age cap­i­tal growth re­turns that sell­ers have achieved post-2007-08,” says Ian Slot, MD for Seeff At­lantic Seaboard. “Since 2009, sell­ers have achieved av­er­age in­vest­ment re­turns on re­sale of 14%-15% based on a hold­ing pe­riod of just over six years. While this is be­low the boom pe­riod re­turns of about 30%, it is still sig­nif­i­cant.”

In De Wet Road, Fres­naye, Seeff is mar­ket­ing a villa for

Green fea­tures in­clude so­lar heat­ing, eco-fuel fire­places and rain­wa­ter har­vest­ing

R59,5m. This four-storey home of­fers 1,300m2 of floor space.

While de­liv­er­ing one of the most sought-af­ter sea­side set­tings with panoramic ocean views, this home comes with cut­ting-edge de­sign, smart and green tech­nol­ogy. De­signed by John Doyle Ar­chi­tects, it in­cor­po­rates the lat­est Ger­man and Aus­trian tech­nol­ogy and Euro­pean fin­ishes.

Smart fea­tures in­clude a newage con­cealed tem­per­a­ture sys­tem for heat­ing and cool­ing through­out, dimmable LED light­ing and a “mood-zone” sys­tem with 12 pro­gram­mable chan­nels for the liv­ing area, Wi-Fi, data wiring and more. Aside from bio- met­ric fin­ger­print ac­cess, the so­phis­ti­cated se­cu­rity sys­tem pro­vides in­te­rior and ex­te­rior mon­i­tor­ing and se­cu­rity light­ing, all IP net­worked and iPhone con­trol­lable. Green fea­tures in­clude so­lar heat­ing, eco-fuel fire­places, rain­wa­ter har­vest­ing to ir­ri­gate the gar­dens and a grey wa­ter sys­tem for the un­der­floor heat­ing and cool­ing sys­tem.

De­sign fea­tures in­clude an en­trance bridge over the court­yard and pool to the front door, a glass el­e­va­tor, float­ing stair­cases and walk­ways and land­scaped gar­dens on sev­eral lev­els. There are two swim­ming pools; the main pool is more than 40m long and wraps around the house, sus­pended two floors above the gar­den and comes with glass walls that pro­vide views from within the home. The home is fronted by tim­ber deck­ing on three lev­els and is shaded by can­tilevered struc­tures for the ul­ti­mate in out­door liv­ing. Top class fin­ishes in­clude Iroko tim­ber floors and doors with be­spoke ar­chi­traves, Hans Grohe bath­room and kitchen fit­tings and a dumb-waiter for trans­port­ing shop­ping from the garage.

The main liv­ing-area level oc­cu­pies an en­tire floor and in­cludes a lounge with a cus­tombuilt wood-burn­ing fire­place and en­ter­tain­ment room. The 9m long Euro­pean kitchen comes with a sep­a­rate food prepa­ra­tion area.

The villa has five lux­u­ri­ous bed­room suites. The main suite in­cludes a pri­vate lounge with a fire­place, 20m dress­ing room and bath­room with a 5m long dou­ble van­ity. Off the main suite is a pri­vate deck with a heated pool.

Price: R59.5m Con­tact: Seeff Prop­er­ties Lance Co­hen 082 416 6103 Of­fice 021 434 9175

The main pool, left and right, is more than 40m long and wraps around the house, sus­pended two floors above the gar­den. Spec­tac­u­lar ocean views can be en­joyed from one of the open plan, glass-fronted rooms, above.

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