Briefs – New developments in KZN and Cape

Engel & Völkers has recently concluded the sale of the penthouse unit in the new luxury development “Bakoven Sunsets”, which originally consisted of three contemporary seafront residences. The penthouse was sold close to the asking price of R14.5 million to a local buyer.

Bakoven is one km from Camps Bays’ beachfront and the bustling City Centre.

Designed by Cape Town architect Gerd Weideman, the development is one of the last properties situated prior to the nature reserve, with the 12 Apostles as a backdrop and showcases panoramic views over the secluded bay.

Dunblane set for first phase sell out

Dunblane, the 3 000 ha family estate situated on the escarpment of the Northern Drakensberg, 20km west of Newcastle, is set for first phase sell out with only 10 stands of the 168 stand first phase left. Stands were sold at the introductory price of R690 000.

Earthworks and the installation of essential services and the championship Peter Matkovitch-designed golf course on the eventual R2 billion site is set to start on July 1.

Green light given for long awaited Bergvliet farm development

After a lengthy four year planning and plan approval period, the Bergvliet Farm Estate development close to Keyser River in the Constantia Valley, 12km south of the Cape Town CBD, has been given the green light – and work has begun on site.

The developers are Invest Afrique and LKC Investment Holdings. Nedbank Corporate Property Finance (Cape) is funding the project.

Invest Afrique will be building 16 double storey freestanding townhouses in which old and new features will be combined to create a project “in keeping with its historic site and with a Cape Dutch ambience”. Homes in the new development are selling from R2 295m.
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