De­signer home sold for R12.5m

Weekend Argus (Saturday Edition) - - AUCTIONS -

A PLAT­INUM- RATED prop­erty fell un­der the Clare­mart Auc­tion Group ham­mer dur­ing its plat­inum res­i­den­tial prop­erty auc­tion at the Mount Nel­son Ho­tel on Novem­ber 30.

The prop­erty, re­ferred to as “an ideal di­rec­tor’s home or an exclusive hol­i­day home for the ocean lover,” by sales di­rec­tor Far­rell Per­ling, was sold for R12.5 mil­lion.

He says this spec­tac­u­lar home was a le­gal mat­ter with in­struc­tions re­ceived by a lo­cal at­tor­ney act­ing on be­half of an African busi­ness­man who has a large prop­erty port­fo­lio in South Africa and who has re­cently re­lo­cated to Europe.

“The Tus­can-style four-bed- room house at 4B Av­enue Ma­rina, Bantry Bay has spec­tac­u­lar sea and moun­tain views,” says Per­ling.

“Av­enue Ma­rina is off Kloof Road, close to Ta­ble Moun­tain and the City Bowl.”

“The plat­inum res­i­den­tial auc­tion was filled to ca­pac­ity and 4B Av­enue Ma­rina was a prop­erty that drew par­tic­u­lar in­ter­est dur­ing the ex­ten­sive mar­ket­ing and pub­lic­ity cam­paigns. There were four se­ri­ous bid­ders, re­sult­ing in the R12.5m clos­ing bid.”

For in­for­ma­tion on other plat­inum prop­er­ties or up­com­ing auc­tions, call 021 425 8822 or visit the Clare­mart web­site at www.clare­

SPEC­TAC­U­LAR: This Bantry Bay de­signer home was sold by Clare­mart Auc­tion Group.

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