80% of apart­ments sold out at R1.3bn The Yacht Club

Weekend Argus (Saturday Edition) - - PROPERTY -

CON­STRUC­TION has started at The Yacht Club, a R1.3 bil­lion mixed-use de­vel­op­ment by the Amdec Group at the gate­way to the V&A Water­front and close to the Cape Town In­ter­na­tional Con­ven­tion Cen­tre.

This de­vel­op­ment will con­sist of a ho­tel and mod­ern apart­ments in two tow­ers on a podium of pre­mium grade of­fice space.

Amdec Prop­erty De­vel­op­ment, part of The Amdec Group, is the de­vel­op­ment man­ager of The Yacht Club.

Ni­cholas Stop­forth, Amdec Prop­erty De­vel­op­ment’s man­ag­ing di­rec­tor, says: “This year, con­struc­tion work will fo­cus on the two base­ment lev­els, which will sup­ply gen­er­ous ded­i­cated park­ing for residents, work­ers and guests of The Yacht Club. The build­ing will be­gin ris­ing out of the ground from Jan­uary, and con­struc­tion will be com­plete in May 2018.

“About 80 per­cent of the 170 apart­ments at The Yacht Club have now been sold. The onebed­room, two- bed­room, and lux­ury cor­ner apart­ments range in size from 54m to 99m2. The apart­ments have proved pop­u­lar with owner oc­cu­piers as well as in­vestors, who have wel­comed the po­ten­tial for long- term leases. Many of these buy­ers are based in Johannesburg.

“The res­i­den­tial apart­ments have all-round views in­clud­ing Cape Town Har­bour or Ta­ble Moun­tain. We are now in the fi­nal stretch for apart­ment sales at The Yacht Club.”

As The Yacht Club apart­ments near sell out, Amdec is turn­ing its at­ten­tion to the roughly 6 550m prime of­fice com­po­nent of the de­vel­op­ment. “The of­fices will have views of the water­front and the space is flex­i­ble enough to house a sin­gle large ten­ant or sev­eral smaller ten­ants,” says Stop­forth.

The Yacht Club is within the Rogge­baai Canal Tourism Precinct, named after the Rogge­baai Canal which runs through it. It is linked to a va­ri­ety of tourist, busi­ness, trans­port, re­tail, and recre­ation fa­cil­i­ties, all within its im­me­di­ate vicin­ity.

“The Yacht Club’s nau­ti­cally in­spired de­sign will re­flect the her­itage of this set­ting. It also con­nects seam­lessly with the city’s ma­jor busi­ness dis­tricts, South Africa’s com­mer­cial hubs and beyond,” says Stop­forth.

“The de­vel­op­ment has easy ac­cess by car, bus, shut­tle, taxi and by wa­ter taxi on the Rogge­baai Canal wa­ter­way. It has di­rect high­way links across the city and to Cape Town In­ter­na­tional Air­port.”

Call Werner Smit on 021 702 3200 or 082 458 5293, or visit www.they­acht­club.co.za

Ar­chi­tec­tural per­spec­tive of The Yacht Club.

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