Bakhoven Yields Rare Development Opportunity

News > news - 07 Apr 2008
South Africa's leading asset sales and services company, the Alliance Group
is offering buyers a unique opportunity to purchase a world class position
in Bali Bay, Cape Town.

Situated at 121 Victoria Road in the popular suburb of Bakhoven, this stand
is one of the last remaining development sites in Bali Bay. Currently the
stand plays host to a handsome double storey abode and double garage which
can either be re-vamped or completely redeveloped to create the ultimate
dream home.

The stand covers a generous 1250m2 and enjoys close proximity to Beta Beach
and the Camps Bay Beachfront. Additionally, the stand enjoys unrestricted
views of the ocean.

Jared Gottschalk of the Alliance Group shared his thoughts on this unique
opportunity: "This is a rare find with fantastic development opportunities
and will almost certainly appreciate rapidly."

Alliance Group recently concluded the sale of a moderate Camps Bay
beachfront property to an upcountry buyer for R 44 million, clearly showing
that the Cape Town property market is still very much in demand.

The auction will take place on Tuesday, 15 April at 12pm at the Table Bay
Hotel, V&A Waterfront, Cape Town.
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