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Clifton stand sold for R20.35m

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A Cape Town buyer last week paid R20.35million for one of the last undeveloped residential stands in Clifton - a spectacular bungalow site overlooking Fourth Beach.

High Street Auctions director Joff van Reenen who opened bidding at R15m, says investors from across South Africa and the world vied for the property.

Included in the sale of the 417m² plot were council- approved plans for a Vernon Head- designed five-bedroom house. The buyer wishes to remain anonymous.

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