A property perfect for remodeling or rebuilding in a sought-after road with uninterrupted views in Bantry Bay has come on the market through Knight Frank at a price of R22 million.
n an area where there is little land available for re-development, a property perfect for remodeling or rebuilding in a sought-after road with uninterrupted views in Bantry Bay has come on the market through Gail Gavrill, of Knight Frank Residential SA’s Atlantic Seaboard branch.
The current owners have owned this property for 50 years and are now ready to downscale, which has created a fantastic opportunity for someone who’d like to build their dream home in this very sought after wind-free area, said Gavrill.
“This prime 750m² property is in Avenue St Leon, a quiet cul de sac which offers an idyllic setting to build something amazing,” she said.
The sea view will be unobstructed in perpetuity, as the current home overlooks well-known Heritage protected Ellerman House as well as another protected building. It also enjoys night views of Sea Point and on a clear day views of the Cederberg Mountains in the distance.
The site is ideal for re-developing as it is completely level (unlike many of the plots higher up where homes have had to be built on extensive concrete piling). This property is the last on this road with its original house on it, and is flanked by luxurious triple storey homes, typical examples of what could be achieved on the same site, she said.
Bantry Bay, located between Clifton and Sea Point, is well known for being sheltered from the strong summer Cape winds for almost 300 days a year. This suburb is set back from the hustle and bustle of Sea Point, yet close enough to be able to benefit from the variety of restaurants, bistros, coffee shops and boutiques.
This property is within walking or cycling distance of Clifton’s four famous beaches, and a very short drive to the V&A Waterfront, Cape Town city centre and the major highways to the airport and winelands.
“There are very few properties on the market in Bantry Bay at present,” said Gavrill, “and prices currently range from R35 million to R65 million. Some homes, however, are valued as much as R80 to R100 million. This is a great opportunity to invest in an established area.”