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R290m home: German couple ditch lavish coastal towns for Cape Town

Cape Town – They had their eyes set on the sought-after seaside lifestyle in Ibiza or Saint-Tropez, but their hearts went with Cape Town instead.

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This is how it all started for the young German couple who forked out R290m, the highest price ever for a house in South Africa and Africa.”They buy beautiful homes around the world and it is the first time they bought a house in South Africa,” estate agent Adrien Epstein, who sold the property, told Fin24.The couple were looking to buy a holiday home in Ibiza, an island in the Mediterranean Sea in Spain, or Saint-Tropez, a coastal town on the French Riviera.However, it was an award-winning house nestled in Bantry Bay along Cape Town’s swanky Atlantic Seaboard that they fell in love with.The fully furnished, three-storey, home includes five bedrooms, three guest bedrooms, two staff bedrooms and eight garages; the deal also included two luxury cars.

“There were six luxury cars in the garage,” said Epstein from Dogon Group Properties, specialists in luxury real estates along the Atlantic Seaboard.

He recalled how late one evening, while negotiating the deal on the telephone, the sellers from New York jokingly threw into the deal a Porsche Cayenne and an Aston Martin DB9.

“It was all done in jest and the buyers had a good laugh and accepted it.”

Epstein had mixed feelings about being part of the record transaction.

“It felt similar to any other transaction. I never focus on the numbers.” However, he also added: “It was very exhilarating. The buyers were lovely, fun and a young family.”

He said a combination of factors such as size, location, natural beauty and extraordinary views makes the Bantry Bay family home so unique.

The home, roughly laid out in the shape of a horseshoe, boasts 360 degree views of Lion’s Head, Table Mountain, the Twelve Apostles, Clifton, the Atlantic Ocean, Bantry Bay, Robben Island as well as the lights of Fresnaye and Sea Point all the way to Mouille Point and beyond.

It has a level garden and terrace with wraparound swimming pool and VIP security. The 2 800m2home is also flanked by 5 200m2 of vacant land on either side.

The house, known as OVD 919, has won numerous local and international awards, including most recently the popular vote category in the international 2016 Architizer A+Award for private houses over 500m2, as well as the 2016 Lafarge Artevia Decorative Concrete Awards in the category: House with a view.

It was built two years ago and designed by architects SAOTA.

“The design was driven by the need for a contemporary, sculptural, open plan home that would respond to its dramatic setting on a ridge above Cape Town’s Atlantic Seaboard,” Tamaryn Fourie, senior associate at SAOTA, told Fin24.

She said as a key objective to all the group’s designs, the connection between indoor and outdoor spaces was prioritised.

“By creating courtyards and inset spaces, the design is rich and porous. The large gallery type spaces are inspired by the magnetism of the site and its ever-present backdrop of the mountains and the sea.”

Fourie pointed out the home features one of the largest domestic landscaped walls in South Africa, and has a skylight over the garage which is a water feature.

“Unusually, the most dominant finish in the house is off-shutter ‘white’ concrete which was custom designed.”

She noted that a distinct feature – which is highly visible from the Clifton beaches – is the 20m long unsupported concrete slab which was constructed using an innovative engineering solution.

Stefan Antoni, director of SAOTA’s award-winning architecture practice, said the price tag of the home is an accolade to the team of architects and builders who realised this unique design.

“This record fetching price gives recognition to the value of architecture that is powerful in form, refined in detailing and yet sensitive to Cape Town’s natural beauty,” she added.

What does this sale mean to Cape Town’s property sector?

“We all know why people love Cape Town, but this kind of investor confidence is very encouraging. It bodes very well for Cape Town and South African investment,” Dogon Group Properties CEO Denise Dogon told Fin24.

Cape Town’s Atlantic seaboard with its stunning views, white sandy Blue Flag beaches, rocky coastline and popular hangouts is a trendy spot for wealthy individuals.

Dogon said the demand for and amount of interest in the Atlantic Seaboard is impressive.

“This ranges from investor interest in a R2m studio apartment across the whole spectrum of property, including apartments and houses that have huge asking prices. All property on the Atlantic Seaboard is in demand.”

In May Dogon registered over R600m in property sales – with R550m on the Atlantic Seaboard alone – bringing total sales to over R1bn for the first half of 2016.

Dogon Group Properties opened their first office on the Atlantic Seaboard in 2002 and recently launched a southern suburbs office, which has already achieved the highest priced sale for a residential estate in Constantia.

Their expansion plans include opening a branch in Sandton later this year.

Based on data from Lightstone, Cape Town tops the list of South Africa’s top ten suburbs with seven of these suburbs, including the top Atlantic Seaboard suburbs of Clifton, Bantry Bay, Camps Bay, Fresnaye and Llandudno along with Bishopscourt and Constantia in the southern suburbs.

Only three Johannesburg suburbs are in the top ten list namely Sandhurst in Sandton, Westcliff and Dunkeld.

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Source: fin24


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City of Cape Town to extend MyCiti bus route in Mitchells Plain

The City of Cape Town is set to extend the footprint of its MyCity bus service in Mitchells Plain. The City will on Saturday launch an additional MyCiTi route in Mitchells Plain which will form part of the very popular N2 Express service which currently operates between Mitchells Plain and the Civic Centre station in the Cape Town central business district.

It said that with the roll-out of the new D04 route, Transport for Cape Town, the City’s transport authority, was extending the coverage of the N2 Express service in Mitchells Plain by an additional six sets of bus stops. The City’s Mayoral Committee Member: Transport for Cape Town, Brett Herron, said: “We are extremely excited about the roll-out of the additional N2 Express route to the Kapteinsklip Railway Station in Mitchells Plain next weekend.

“We have just audited the latest MyCiTi statistics which confirm that 31,328 passenger journeys were recorded on the existing D03 route between Mitchells Plain and the Civic Centre station during the month of October 2015 – an increase of 4,5% or 1,339 passenger journeys compared with September 2015. The new route will bring the MyCiTi service closer to more residents in Mitchells Plain, providing communities from the Cape Flats with safe, affordable and decent public transport.”

Herron said: “We consulted widely with the residents, local leaders and community organisations in Mitchells Plain in the run-up to the launch of the N2 Express service in 2014. At the time, we engaged with the communities and our partners in the public transport industry about the additional routes and location of the bus stops. The roll-out next weekend is a culmination of the public participation process and stands as an example of what can be achieved if we work together”

The MyCiTi buses on the D04 route will be operated by the current N2 Express vehicle operating company that was formed by Codeta in Khayelitsha, the Route 6 Taxi Association in Mitchells Plain, and the Golden Arrow Bus Service.

MyCity buses will operate along the same route as the current D03 route from Mitchells Plain East to the Civic Centre station, but with an extension along AZ Berman Drive to the Kapteinsklip Railway Station. There are six new sets of bus stops along Yellowwood Street, Kilimanjaro Street and AZ Berman Drive – named Imperial, Spine, Langeberg, Paulsberg, Snowdon and Kapteinsklip

Buses along the new route would serve residents in Tafelsig, Eastridge and Lentegeur, before traveling along the N2 freeway to the Civic Centre station in the Cape Town CBD. The first bus will depart from Kapteinsklip at 5:30am on weekdays, with the last bus departing from the Civic Centre station at 21:35.

The City said the buses will travel on the existing dedicated bus, minibus and taxi (BMT) lane on the N2 freeway and on their arrival at the Civic Centre station, passengers will be able to connect to other parts of the city where the service has been rolled out – be it Atlantis on the West Coast, the Waterfront, or Hout Bay on the Atlantic Seaboard The City added that the six new sets of bus stops would be temporary.

“The locations of the bus stops will be finalised once the route has been operational for a few months and until such time as the passenger demand and the needs of the local community have been confirmed,” Herron added. “This will enable TCT to test the locations and to make the necessary changes – if needed – before construction commences. This is similar to how the MyCiTi service was rolled out in Phase 1A – in fact, there are still temporary stops in operation in parts of Phase 1A, including Fresnaye on the Atlantic Seaboard.”

MyCity users have to buy a myconnect card to travel as cash is not accepted on the MyCity buses. “We do, however, want to make the service more accessible to the residents of Mitchells Plain,” Herron said. “The myconnect card normally costs R35, but these will be issued for free to residents who have not received a free card in the past.

“I want to request the residents from Mitchells Plain to make use of the MyCiTi service. It may take a while to get used to the cashless system, the timetables and routes, but it is safe, convenient and affordable. In fact, a MyCiTi journey from the Kapteinsklip station stop to the Civic Centre station in Cape Town will cost approximately R14,80 (one-way) during the peak-hour period and approximately R11,60 during the off-peak period on the Mover package.”

Source: engineeringnews


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