Prime pent­houses keep Water­front prop­erty sales pump­ing

Weekend Argus (Saturday Edition) - - PROPERTY -

MAR­KET­ING of the re­main­ing two p e n t h o u s e s i s u n d e r way a t t h e One&Only Ho­tel at the V&A Water­front.

L a s t y e a r, S e e f f P r o p e r t i e s ’ At­lantic seaboard MD Ian Slot and Water­front V&A Ma­rina area spe­cial­ist Emelia van der Linde sold the first pent­house for over R110 mil­lion – a record price for res­i­den­tial prop­erty in South Africa.

Slot says pent­house one now has an ad­di­tional roof gar­den, which was not in­cluded in the orig­i­nal de­sign.

“The orig­i­nal size was 905m² which gave a price of R116 022/m². As the build­ing pro g ressed, it be­came ap­par­ent that the vast roof area would be ideal for a breath­tak­ing, ex­pan­sive, pri­vate roof gar­den. Now with 1 440m² the price will be R72 917/m², with four park­ing bays and a store­room.”

The V&A Water­front is one of the most suc­cess­ful dockland re­newals in the world, at­tract­ing about 22 mil­lion vis­its each year. There are 537 apart­ments in to­tal in six apart­ment blocks on the front yacht basin and 11 on the canal.

“The Rogge­baai precinct, which is also on the canal ad­ja­cent to the V&A Ma­rina, is where Canal Quays is soon to be com­pleted. Se­eff sold all the apart­ments in this de­vel­op­ment and has launched the six lux­ury pent­houses on top of Canal Quays.”

Van der Linde and Karen Miller say there have been more unit re­sales this year than in 2008.

“Prices for pent­houses on the canal start at R21m and on the front yacht basin the Pin­more pent­house is for sale at R78m. Pin­more has six apart­ments, one of which is this pent­house. The split-level home has its own pri­vate lift, a dou­ble garage and a park­ing bay, two lounges, un­in­ter­rupted views of Ta­ble Moun­tain and the front yacht basin, a wrap­around ter­race, a pool, and a large en­ter­tain­ment area.

Ac­cord­ing to the July is­sue of the Res­i­den­tial Prop­erty Price Ranger, Se­eff sold a two-bed­room flat listed at R7.8m on the canal for R45 190/m² and a two-bed­room, g round-floor unit listed at R15.75m for R65 611/m² on the front yacht basin. The other sale re­ported for the Water­front was a three-bed­room unit listed at R24m and sold for R62 500/m².

Lawhill is the last de­vel­op­ment on the Ma­rina, be­tween the Kyle- more block and the One&Only.

Slot says: “All the apart­ments in the five-storey Lawhill over­look the ho­tel, and have un­in­ter­rupted views over the Water­front is­lands, through the canals, over the lock, through the yacht basin and across Ta­ble Bay. At Lawhill you can still buy di­rect from the de­vel­oper, which mea n s yo u wi l l p ay t h e l a u n c h prices.”

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