Construction of a new 14 800m2 mixed use development called Harbour Bay is anticipated to commence in January 2017. This is easily the most exciting real estate news for Simon’s Town since the British navy base was handed over to South Africa in 1957.
Gary Grobbelaar, CEO for Seeff False Bay Suburbs, says that there will be 44 residential units in Harbour Bay – which will be situated in Glenmarine – ranging from luxury two and three bedroom apartments to lavish Penthouse suites.
“The two bedroom units range in size from 94m2 to 124m2 and the three bedroom units from 141m2 to146m2. The units are priced from R2 695 000 for two bedrooms up to about R4 million for three bedroom units. The three bedroom penthouses have two and a half bathrooms each and are 190m2 in size, but have already sold out off plan. Every unit has two parking bays each”.
“All the units are designed to let the natural light in to play with the sleek structural lines. Through the use of elements like bare brick, steel and concrete in a single, confident design language, a sophisticated foundation is laid for interesting hardware and playful patterns to provide stylish accents”.
“A choice of two colour schemes is also available – the ‘Canvas’ option is inspired by the sails of ships and creates a light, fresh feel, while ‘Hull’ offers darker, maritime-inspired finishes with a slightly more masculine touch”.
The units are selling off plan and are secured with a 10% deposit, while the balance is payable on transfer. Project completion and handover is predicted for March 2018 which means that prospective owners can secure a 2018 value apartment at 2016 prices.
Grobbelaar continues to say that Harbour Bay will not only offer luxurious residential living with seafront scenery, but the development also entails a strong retail component that will include 35 stores ranging from upmarket eateries to premium convenience stores like Woolworths, Pick n Pay and Clicks to name a few.
“Harbour Bay is specifically designed for the discerning investor as it is situated on the breath-taking coastal strip of the Cape Peninsula and combines all the elements of sky and water, land and sea, residential security and a carefree lifestyle as well as unrivaled convenience in a harmonious canvas”.
“Investing in this development offers the best of both worlds, because not only does it present a wonderful point of entry to the arena of the Cape Peninsula, but residents will also have every luxury and convenience imaginable right at their doorstep including a state of the art day hospital”.
The developer of Harbour Bay is Latitude Properties who was established in 2008 by Herman Pretorius who has more than 20 years’ experience as a professional architect and almost 10 years’ experience in property development. One of the company’s major retail developments includes The Galleria in Durban. Seeff has been appointed as the developer’s official real estate agents.
This fantastic investment opportunity is co-developed by Property Smith, a Cape Town based company and the prime retail shopping centre and private medical clinic is owned by Cubisol Investments.