Cape Town park­ing bay up for R1.1m

The Herald (South Africa) - - NEWS - Aydn Par­rott

FOUR months af­ter a park­ing bay in Clifton in Cape Town sold for R990 000‚ a nearby sub­urb is aim­ing to trump the price.

An 18m² bay at 1 Vic­to­ria Road in Bakoven is on the mar­ket for R1.1-mil­lion – which would buy you an apart­ment in Ob­ser­va­tory‚ a town­house in Plum­stead or a fam­ily home in Re­treat.

“Park­ing spa­ces very rarely come on the mar­ket in these areas‚ hence the price tag‚” the agent mar­ket­ing the “se­cure and pri­vate” bay‚ David Tay­lor, of Mar­ion Tay­lor Prop­er­ties, said.

“In­di­vid­u­als who pur­chase park­ing bays like this are usu­ally own­ers of prop­erty in the area.”

More of­ten‚ “the own­ers and guests of these pres­ti­gious parcels of real es­tate will have to find street park­ing close to their prop­erty”. Peo­ple also leased park­ing bays‚ Tay­lor said. While the Clifton bay was on the roof of an apart­ment block‚ the Bakoven one is be­hind the door of the base­ment at a block of flats.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.