select
|

Sales flying at new Mouille Point development

A brand new development to be constructed in Mouille Point, Cape Town, has more than half sold out within weeks of its launch to market – without a single advertisement published. 


Pam Golding Properties has the exclusive mandate to market “The Vantage”, which will overlook the Green Point Urban Park and Golf Course, with mountain and stadium views.

Pam Golding Properties has the exclusive mandate to market “The Vantage”, which will overlook the Green Point Urban Park and Golf Course, with mountain and stadium views. Prices range from R3.15 million for its upmarket apartments.
 
Pam Golding Properties’ (PGP’s) area manager for the Atlantic Seaboard and City Bowl, Basil Moraitis, says 13 of the 22 available apartments have already been snapped up – more than half by buyers who were registered with PGP on a waiting list for new developments. “This is an indication of the substantial pent-up demand for brand new, modern apartments offering a secure and convenient lifestyle in a prime location,” Moraitis says, “as well as of the critical shortage of stock in this market. We previously saw similar high demand for the nearby development Amalfi, where there are only two units available for sale. Clearly buyers have a healthy appetite for this lifestyle and this area in particular, with its cosmopolitan seaside way of life, friendly village atmosphere and wealth of leisure activities. The local Ratepayers’ Association is also extremely effective, while safety and security is maintained by high visibility policing, which further enhances the area’s appeal.”
 
The Vantage will be located in Bay Road, and will feature a striking modern façade with a distinctive A-frame roof structure, designed by acclaimed Fabian Architects. The building will offer 20 one- and two-bedroomed apartments with top quality finishes, including Caesarstone kitchen counters, porcelain tiles and custom-fitted kitchen and laundry appliances, as well as HD flat screen televisions. The units will range in size from 65sqm to 98sqm. There will also be two luxurious 145sqm penthouse units occupying the top two levels, each with its own private deck and swimming pool, and direct lift access. Prices for the remaining apartments range from R3.15 million to R4.1 million, while the penthouses are priced at R10.7 million and R12.6 million.


The Vantage will be located in Bay Road, and will feature a striking modern façade with a distinctive A-frame roof structure, designed by acclaimed Fabian Architects.
 
Developers Earthspring say the building will feature state-of-the-art safety and security features, including biometric access control, intercom and CCTV camera systems, plus 24-hour manned security.  Secure undercover parking will be provided for both residents and guests. The building will also feature a central heat recovery system for energy efficient climate control throughout.
 
Pam Golding Properties’ area specialists and development agents Lynn Pinn and Paul Levy say residents will enjoy easy access to the Promenade and Three Anchor Beach, as well as the Green Point Park, golf club, tennis club and outdoor gym, and the nearby Virgin Active health club. “There are ample opportunities for healthy outdoor activities in the vicinity,” they say, “from roller-blading, cycling and surfing to para-gliding off Signal Hill. The area is also renowned for its restaurants, from casual coffee shops and bistros to fine dining establishments, most of them within walking distance of The Vantage. Every amenity one could imagine is within a few kilometres’ reach – not least of all the V&A Waterfront.”
 
As a result of the positive market response to this development, construction can commence imminently, with completion anticipated by December 2015. Moraitis notes that this is an unusually rapid turnaround from launch of a development to anticipated completion – a time frame of just 18 months, for a process that usually takes three or four years.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 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.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK