Nine apartments in new Sea Point block

The demand for property in Sea Point is now so strong that it is easily the best-selling suburb of the Atlantic seaboard, with apartments being snapped up almost as fast as they are being listed, and agents say they are struggling to keep up.

“This year, about 187 apartment have already been sold in the suburb worth almost R600 million. Everybody wants to live or invest here now and with almost a flat a day selling here, there is a notable shortage of apartments and this has paved the way for new development in the suburb,” say Seeff agents Adrian Mauerberger and Cecily Sher, who have been appointed to market a new development in Rhine Road.

The launch of 50 Upper Rhine Road, a new apartment complex, is a most welcome addition, they say.

The development will consist of nine apartments, with a mix of one and two bedroom units, ranging in size from 55m2 to 129m2 and priced from R2.45 million to R6.7m.

There is also a two-bedroom unit with an additional 126m2 deck, priced at R9.5m and just one duplex penthouse with three bedrooms, a balcony and 205m2 deck with a Jacuzzi, at R16.25m.

Units have mountain and sea views, balconies, direct access parking and store rooms. Security features include biometric access and an intercom system.

“All units will be equipped with fibre-optic internet connectivity, DSTV and air-conditioning. All balconies will be fitted with built-in gas braais, and all apartments will have inverters for back-up power and LED lighting to minimise power consumption.

“Finishes are in a mix of earthy tones with elements such as porcelain, granite, natural stone, timber and carpeting in two colour palettes. The overall design caters for modern, simplistic luxury,” say the agents.

“The development is in a quiet cul de sac on the slopes of Lion’s Head. Part of the attraction of the suburb is its seaside location, fronted by a promenade, ideal for walks and cycling. Nearby are also an outdoor gym and a public swimming pool.

“Sea Point is just minutes from the central city and the V&A Waterfront on the one side and the Blue-Flag beaches of Camps bay and Clifton on the other. Facilities include shops, fitness centres, restaurants, bars and pubs. There are about 10 top schools within a five to 10 minute drive, some within walking distance,” say Mauerberger and Sher.

“Whether you are looking for residential, retirement, holiday or investment property, you cannot go wrong with Sea Point. Its location on the prime Atlantic seaboard strip makes it a winner for capital growth and of course resale. It is also a suburb that ranks among the most sought-after for short-term and long-term rental accommodation.”

The launch of 50 Upper Rhine Road will take place on October 5 and the development is being sold off plan.

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