Auction house expects demand from all over the world for stand in sought-after area
Global demand is likely as a rare residential stand in the ultra-exclusive “beach bungalow” section of Clifton is sold on September 5 at noon when High Street Auctions hosts dual sales at the Mount Nelson Hotel in Cape Town and Summer Place in Joburg. Council-approved plans for a five-bedroom house on the plot will be included in the sale.
Bidding will start at R15million for the 417m² freehold title stand on Clifton’s trendy 4th Beach.
Rodney Beck, High Street director, says there is almost no vacant land left in Clifton, with plots in the historic bungalow section between Victoria Road and the ocean even scarcer.
“Only two Clifton bungalow plots have changed hands in the past decade. Vacant stands on the beach in Clifton are the rarest and most exclusive residential development sites in South Africa.
“Plans for a triple-storey house on the site have been approved by the City of Cape Town, so the buyer can start developing immediately. The design by Vernon Head, the first South African to win a merit award in the Willem van Allen Design Competition in New York, features a glass elevator, gym, expansive entertainment areas and five en suite bedrooms. The total floor area, including balconies, will cover more than 470m².”
Joff van Reenen, High Street Auctions lead auctioneer and director, says the auction of the Clifton residential development site has sparked massive interest from bidders in South Africa and abroad.
The auction will be live-streamed between Cape Town and Joburg, as well as online.
Other lots for the sale next month include several Western Cape properties, such as a luxury residence at Bishopscourt, development site in Simon’s Town and various commercial opportunities.
For more details, see www.highstreetauctions.com.