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
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    • 16 Jan 2018
      The start of the new year is symbolic of new beginnings. A good time to take stock of one’s possessions as well as how necessary they actually are. However, seeing as the process may appear daunting – a plan goes a long way.
    • 16 Jan 2018
      The Western Cape is still in the throes of a severe drought and many households have to adjust the way they use and save water. It is a little more complicated in sectional title schemes, however, as it is not that easy to implement grey water systems for multiple users and it is also difficult to monitor water usage accurately if there are no separate water meters
    • 15 Jan 2018
      In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us