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GREEN POINT DELIVERS ON PRICE, SPACE AND CONVENIENCE, SAYS PGP

The Cape Town suburb of Green Point has enjoyed something of a rebirth over the past few years.  Once viewed as the somewhat down-at-heel cousin of more glamorous Atlantic Seaboard suburbs, it has re-emerged as a vibrant, cosmopolitan area, attracting everyone from families to trendy young professionals who like to live, work and play within one neighbourhood.  The opening of the Cape Town Stadium precinct and particularly the Green Point Urban Park have spearheaded this transformation, and the area now enjoys improved security, a wealth of restaurant and shopping opportunities, and one of the best green lungs in the whole of Cape Town.  Pam Golding Properties reports that its property offering continues to combine value for money with a convenient urban lifestyle.
 
PGP’s area manager for the Atlantic Seaboard and City Bowl, Basil Moraitis, says one of Green Point’s lesser-known selling points is the substantial size of some of its apartments.  “It is not that unusual to find boutique apartment developments in Green Point, consisting of just a few extra-large units,” he says.  “Some even offer a single apartment per floor, resulting in far more spacious living areas than one would typically expect from a sectional title purchase.  While the suburb does also offer smaller apartments and compact bachelor pads which are ideal for first-time buyers, these larger units can be the perfect solution for those who want the convenience and security of apartment living, but don’t want to compromise on personal space and room to entertain.”
 
PGP has three dedicated agents servicing the market for luxury apartments in Green Point (priced at R3.15 million and above).  Farrel Kelman, Minette Munitz and Mel Truss collectively have more than 45 years’ experience in the property industry, with particular specialisation in sectional title sales.  Kelman says pricing for bachelor pads in the suburb currently starts at around R1 million to R2 million, depending on the age and location of the building, as well as the quality of finishes. The aforementioned larger units are generally priced from R4.5 million to R10 million.  PGP has sold a number of these apartments in the past year, including a four-bedroomed 382sqm apartment in Springbok Road, sold for R9.4 million in August 2011, and a three-bedroomed 229sqm apartment in Merriman Road, sold in November 2011 for R6.2 million. 
 
“Some of these larger apartments offer excellent value for money,” say the agents, “especially when one considers their prime position in a centrally-located suburb, close to the business centre of town, the V&A Waterfront, and the beaches of the Atlantic Seaboard.  Those in the most prestigious roads, such as Springbok and Merriman Roads or Ocean View Drive, back onto the slopes of Signal Hill, and from this elevated, north-facing position they command spectacular views of the stadium, Urban Park and Table Bay.”
 
The agents add that buyers enjoy the vibrant cafe culture of the suburb.  “They can get home from work in the central city within minutes,” they say, “go for a jog around the Urban Park, enjoy a cocktail at any number of local restaurants and bars, or stop in at the Cape Quarter centre to pick up dinner.  If they’re entertaining at home, they can throw open their doors onto large terraces and drink in the view of the city lights, without feeling cramped or overcrowded.  It is the ideal living environment for the sophisticated urban professional.  This environment is growing in popularity with the media and advertising industries in particular, as a number of leading agencies and broadcasters have established their head offices in Green Point over the last few years.”
 
PGP currently has several larger apartments available for purchase in Green Point, including two in the prestigious upper rows of the suburb.  The first, a 238sqm unit located in Ocean View Drive, has three bedrooms, three bathrooms and a study, plus secure parking for two vehicles.  The apartment has a large terrace with a private plunge pool, offering panoramic bay and mountain views.  It is on the market exclusively through PGP, priced at R5.9 million.
 
PGP is also marketing a sophisticated 300sqm apartment in Merriman Road, offering two bedrooms, two bathrooms, and two parking bays with direct access to the unit.  Occupying an entire floor of the building, the apartment has an open-plan gourmet kitchen and a large terrace with a Jacuzzi and views directly across the Urban Park and Cape Town Stadium to Table Bay.  With state-of-the-art interiors, the unit is on the market exclusively through PGP at R7.75 million.
 
To view these apartments, or for more information on property for sale in Green Point, contact PGP agents Farrel Kelman (083 501 5015), Minette Munitz (082 457 2978) and Melanie Truss (083 707 7033) or call their office on 021 439 7415.  PGP’s area manager for the Atlantic Seaboard and City Bowl, Basil Moraitis, can be reached at basil.moraitis@pamgolding.co.za.



Caption (green point R7.75 million):  The view from a 300sqm apartment in Merriman Road, Green Point, which is on the market exclusively through Pam Golding Properties, priced at R7.75 million.  The two-bedroomed apartment has state-of-the-art appliances, an open-plan gourmet kitchen, and a large terrace with spectacular views.
 


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