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Luxury coastal apartments cashing in on the down-sizing trend

The majority of our buyers this year, say Seeff agents, Melanie Truss and Minette Munitz are looking to simplify their lifestyle without foregoing a great location. Many are selling their big homes and moving into conveniently located lock-up-and-go apartments with stunning sea views. Others, say the agents are simply looking to acquire a second home that offers convenience, a prestigious location, luxury finishes and space to entertain.

When it comes to the prices of apartments across the Atlantic Seaboard, it is all about the views, position and perceived value say the agents. Bantry Bay is one of the most sought after suburbs in the country whether to live in or to own a second home in. Property prices tend to reflect that it is home to the privileged few who enjoy an extraordinary lifestyle. Buyers looking to get into Bantry Bay can expect to pay between R25,000 and R70,000 per square metre for an apartment. There are currently six properties in the market here, priced between R15 and R30 million, but the best value on offer say the agents is 803 Bantry Place, on the market for R15,95 million. A similar, but less luxurious unit say the agents sold here in May 2011, for R15 million (R49,505 per square metre).

Situated on the water's edge, the luxury apartment complex, Bantry Place offers one of the best addresses in Cape Town with sweeping views of the rocky coastline and Atlantic Ocean below. The complex is also one of the few that offers a palm-treed garden with a large communal swimming pool that overlooks the ocean. Residents enjoy close proximity to blue flag beaches and leisure facilities including trendy restaurants. It is here, that one of the best apartments, located on the 8th floor just below the penthouse is on the market priced at R15,95 million, exclusively with Seeff.

Bantry Place was designed by Cape Town architects, Dennis Fabian Berman around ten years ago, but the Bantry Place apartment has since been fully renovated and modernised with top quality finishes. This executive apartment offers 293m2 of floor space with large, open-plan living areas that include a dining area and lounge that lead onto the outdoor terrace and overlooks the sea. Large glass folding doors provide seamless integration between the interiors and terrace to allow for executive-level entertainment.

The modern, entertainer's kitchen is open-plan to the living areas and feature white cabinets with black marble tops and integrated aluminium appliances.

The apartment has three large bedrooms and two bathrooms. The main bedroom suite offers double volume space and a free standing oval bath in the en-suite bathroom.

The property includes two store rooms as well as three, secure, under cover parking bays. The entire property is walled with controlled access and 24-hour manned security.


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