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Rare opportunity to invest in Clifton development site

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Buyer will have a blank canvas to build a luxury home

Josh Raisun, a senior auction consultant with ClareMart, says: “It is widely accepted that one of the most salient selling points of a property is its location.

“In the top-end real estate market, particularly on the Atlantic seaboard, the appeal is further increased by the scarcity of properties that rarely change ownership, and are often held in family trusts for several generations.

“The auction of this development site will, therefore, open up an excellent investment opportunity for a potential buyer who has long been battling to break into this market.”

Raisun says the property, which measures 455m², is a blank canvas on which to build a bespoke home where residents can enjoy the splendour of the natural environment, and which will reflect the luxury and style that is characteristic of the “show-stopper” homes in this neighbourhood, many of which belong to international A-listers.

Located at 4 Apostle Steps Way, Clifton, the site can be viewed at the leisure of those interested, and will go under ClareMart’s hammer at the Hellenic Community Centre at 12.30pm on July 31.

A 5% deposit and the auctioneer’s commission of 10% excluding VAT will be payable on the fall of the hammer.

The balance will be payable on registration of transfer.

For more details, email Josh Raisun on josh@claremart.co.za or call 0788889534.

Alternatively, email Mike Baigel on mike@claremart.co.za or call 0829269479, or see www.claremart.co.za

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