A toast to the good life

A high-end prop­erty with its own vine­yard and wine-mak­ing stu­dio in trendy Fres­naye is bound to pique in­ter­est. Lea Ja­cobs takes a look

Business Day - Home Front - - HOME FRONT -

HOME to the rich and fa­mous, the prop­erty mar­ket in Fres­naye, an up­mar­ket sub­urb in Cape Town, showed sig­nif­i­cant growth last year, when sales to­talling nearly half-a-bil­lion rand were recorded.

Set on the slopes of Lion’s Head on the At­lantic Seaboard and shel­tered from the no­to­ri­ous south-east­erly wind, the area is a mag­net for those look­ing for out­stand­ing views of the At­lantic Ocean and the con­ve­nience of liv­ing min­utes away from the best that Cape Town has to of­fer.

In ad­di­tion to the numer­ous restau­rants, bars and shops nearby, the golden beaches of Clifton and Camps Bay are sit­u­ated within walking dis­tance, while the V&A Waterfront is down the road.

Not sur­pris­ingly, prop­erty in this area re­mains a sought-af­ter com­mod­ity and, while the statis­tics com­piled by Light­stone show that sales are not yet peak­ing at the lev­els seen in 2007, the num­ber of prop­er­ties sold last year had in­creased on pre­vi­ous years.

“The de­mand for fam­ily homes in Fres­naye has seen sales vol­umes al­most dou­ble in the last year to 60 prop­erty sales, up by 43% on the 42 units sold in 2011,” says Se­eff’s lux­ury mar­ket spe­cial­ist, Lance Co­hen.

In 2011, there were only eight sales above the R10m price band with the high­est price achieved at R13.5m for a villa. Dur­ing the past year, 14 prop­er­ties sold above this mark, three of which topped R20m, in­clud­ing a record sub­urb price of R42m for a lux­u­ri­ous 1,000m2 villa in Ave Alexan­dra.

“Since 2010, we have seen a year-on-year strength­en­ing in both sales vol­umes and av­er­age prices,” says Co­hen.

In 2008-9, only about 50 prop­er­ties were sell­ing at an av­er­age price of R5.7m. The nom­i­nal av­er­age price has also strength­ened by 15.6%, up from R6.4m in 2011 to R7.4m in the past year.

The sub­urb is es­pe­cially pop­u­lar with fam­ily buy­ers. Palm tree lined av­enues and French colo­nial ar­chi­tec­ture add to the al­lure.

On of­fer is a one-of-a-kind lux- ury fam­ily villa with a pri­vate vine­yard and wine maker’s stu­dio.

“The prop­erty is set high up against Lion’s Head and en­joys breath­tak­ing sea views,” says Co­hen. “It com­prises a dou­ble stand of 1,432m2 that in­cludes a 699m2 vine­yard with a wine maker’s stu­dio, wine cel­lar and tast­ing room. The cur­rent own­ers bot­tle their own pri­vate la­bel wine.”

Built on four lev­els, the villa of­fers 733m2 of floor space. The in­te­ri­ors are ul­tra mod­ern and min­i­mal­is­tic with in­ter­est­ing ar­chi­tec­tural touches, un­der­floor heat­ing and air-con­di­tion­ing.

The main liv­ing ar­eas are lo­cated on the sec­ond level and open onto an en­ter­tain­ment ter­race with braai fa­cil­i­ties, an out­door lounge and a rim-flow swim­ming pool. Also on this level is a study as well as a gourmet kitchen with an ad­ja­cent play­room. There is also a wine cel­lar/poker room on the ground floor level.

The up­per sec­tion in­cludes the main bed­room with a dress­ing room and en-suite bath­room that opens onto a pri­vate court­yard.

There is an ad­di­tional one-bed­roomed guest suite with a sep­a­rate en­trance, liv­ing area and kitchen on the first level. This suite opens onto a pri­vate bal­cony with a rim-flow plunge pool.

The prop­erty in­cludes a twobed­roomed staff flat and garag­ing for five cars. Price: R47.5m Con­tact: Se­eff Prop­er­ties Lance Co­hen 082 416 6103 Of­fice 021 434 9175

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