New Hout Bay property development currently under construction

The Hout Bay property development market is once again abuzz with activity and a new sectional title project launched by developer Farrelli Properties, priced from R1,185,000 to R2,550,000, is sure to be in demand because of its competitive pricing and tranquil setting, says Cathy Cockcroft, the IHPC estate agent handling the marketing of the units here.

An artist’s impression of Riverside Square, a new 63 unit sectional title development in Hout Bay
The 63 unit development is called Riverside Square and will have 12 bachelor units, 24 one bedroom units, and 27 two bedroom apartments in a four storey block. The sizes of the units will range from 41m² to 90m² and will be finished in high quality materials, says Cockcroft. All the apartments will have open plan kitchens with under-counter ovens, electric hobs, extractor fans, plumbing for dishwashers or washing machines, and built in cupboards in the bedrooms.
In addition to the quality workmanship, it will offer residents lifestyle “extras” such as an outdoor swimming pool, 24 hour security, a communal laundry facility and secure undercover parking. There will also be extra storage space available for purchase or hire.
Construction on Riverside Square has begun, with completion and handover of units expected by early 2017.
The developers only require a R10 000 reservation deposit on signing, with the balance of the purchase price to be paid on transfer.
Riverside Square is sited on Empire Avenue, on the banks of the Disa River and offers views of the Hout Bay valley as well as the surrounding mountains which can be enjoyed from private balconies. It’s central position, within walking distance of Hout Bay beach and five minutes from Llandudno, and close proximity to restaurants, retail centres, and good local schools, as well as the MyCiti bus service, makes this an ideal residence for young professionals and families alike. There is also easy access to a variety of sporting activities, including horseback riding centres, hiking trails, watersport facilities, and various gymnasia.
Security has been made a priority by the developers and will include state of the art intercom systems, biometric access, electrified perimeter fencing, CCTV camera surveillance and 24-hour guard services with an on-site duty manager.
The units at Riverside Square are designed to be light, airy and modern, maximizing on the majestic mountain and wetland views. The developers feel that this will become a landmark development in the bay, as they have positioned it, while taking in views, to be be private and welcoming to its residents. The apartments are to be built around an enclosed private courtyard with its swimming pool surrounded by indigenous landscaping. It offers residents a unique opportunity to live in a modern, secure, lock up and go environment, which will appeal to owner occupiers and investors alike, said Cockcroft.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us