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A luxury home in the Fresnaye suburb of Cape Town has come onto the market, with a price tag of R150 million.<\/p>\n
Located in a quiet cul-de-sac, the property features five bedrooms, five bathrooms, a chef-worthy kitchen that is fitted with top-of-the-line appliances, multiple open-plan living and dining areas that flow out onto an expansive level garden with views of the Atlantic Seaboard.<\/p>\n
The property includes a gym, wine cellar, separate flatlet, backup generator and parking for eight cars.<\/p>\n
It comes with a monthly bond repayment of R1,162,948.40 – calculated over 20 years at 7% with no deposit.<\/p>\n
Monthly rates of R62,661 buys 1,479m\u00b2 of prime land in an exclusive residential suburb set high on the slopes of Lions Head above Sea Point and adjacent to Bantry Bay.<\/p>\n
According to property group Seeff, the luxury end of the market is seeing an uptick in activity, with foreign investors seeking investment opportunities and holiday homes.<\/p>\n
Seeff noted that sales are taking place to a broad spectrum of buyers, not just foreign buyers, but locals as well as buyers from upcountry areas such as Gauteng.<\/p>\n
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