Areas and Places

Capri’s historic farmland to welcome new security estate development

Cape Capri security estate, Greeff
An artist's rendering of one of the units to be built at the Cape Capri Security Estate.

A 5.6-hectare section of land in the Capri area has been earmarked for the development of a new, gated security estate, Cape Capri. “The development will feature individual erven ranging in size from 437m 2 to 483m 2 ,” says Mike Greeff, CEO of Greeff Properties, an exclusive affiliate of Christie’s International Real Estate.

Greeff Properties has a sole mandate to market Cape Capri, a joint venture between Hillside Capri Properties cc (the land owners), represented by Demetri Zitianellis, and DNL Properties. DNL are responsible for the development, marketing, construction and delivery.

“Homes at Cape Capri will exhibit recognisable Cape Vernacular architectural references, while the orientation and internal designs will maximize on a feel of space, an abundance of natural light, easy flow and contemporary finishes,” says  Andrew Lottering of DNL Properties, adding that defining features include exposed trusses, open-plan living spaces and paved entertainment patios with the option of built-in braais. The bedrooms will house fitted cupboards and the kitchens will boast granite counter tops and gas hobs. Solar geysers and energy saving lighting are to be standard. Designed by Architect Mike Wolters, two and three-bedroom homes are to be offered on a turnkey basis, with options of single and double-storey configurations.

An abundant 7500m 2 of public space within the estate will feature indigenous landscaping as well as water retention areas.

“55 Freehold opportunities will be made available initially with a further nine on offer in the second phase,” says Lottering.

“Cape Capri will offer residents a safe and secure lifestyle within a community likely to comprise mainly of young families, young professionals who are first-time home buyers and possibly retired couples looking to scale down,” says Greeff.

“The magnificent valley setting with mountain views is also perfectly located in terms of pristine beaches,” adds Greeff. Long Beach is only five minutes away and the beaches of Fish Hoek and Glencairn are no more than a 10- minute drive. “Cape Capri is also well placed for shopping facilities, with Long Beach Mall and Harry Goeman’s Gardening Centre a stone’s throw away, and False Bay Hospital just 5.6 kilometres down the drag. Furthermore, there are plans for a new medical centre behind Long Beach Mall,” says Greeff, adding that among the numerous easily accessible schools are: Fishhoek and Sun Valley, Silvermine Academy, Imhoff Waldorf and Reddam House.

“With the current shortage of stock, and unprecedented buyer demand, particularly in the Southern Peninsula, Cape Capri is an offering that amply fills a gap, particularly as it’s priced realistically,” says Greeff. “Given the success of the nearby Chapman’s Bay Estate development, where Greeff Properties has achieved sales in excess of R280 million, we have good reason to be optimistic about Cape Capri,” says Greeff. He says that investors looking to rent out properties are likely to get a good return as demand for rental properties is also currently very healthy.

“The ultimate return on the selling price will in all probability not disappoint either, as history has shown that when buying into a development off plan, prices tend to escalate as soon as demand for properties increases, even before construction is complete, and the absence of transfer duty when buying off plan is obviously an added benefit,” says Greeff

Cape Capri is on show 22 and 23 April 2017 from 11am to 5pm, and thereafter on Sundays 2pm to 5pm, on site, Kommetjie Road, Sunnydale, opposite Harry Goeman’s Garden Centre.

Turnkey properties at Cape Canalis will be priced from: R1.795 million to R2.519 million VAT inclusive. 10 percent deposit upfront. There is no transfer duty.