ASSET sales and services company the Alliance Group will offer an attractive seafront property at its auction next month.

On offer at the March 6 sale will be 1300m² of elite mixed-use property on Main Road, Camps Bay. The property has already generated massive interest, with domestic and international bidders scrambling to register their attendance at what will surely be a hotly contested affair.

In the words of Christian Stewart of the Alliance Group: “This unique investment opportunity is about as exciting as it gets in terms of the South African property market.”

Kim Faclier, also of the Alliance Group, said: “It has taken three-and-a-half years to secure the approvals to enable this property to be developed into a seaside gem beyond compare.”

Approved development plans come standard in this package, which caters to both residential and retail purposes. Included in the proposal are two levels of parking below ground with 17 parking bays, 11 apartments and 11 storerooms, totalling 1100m² in residential space.

An additional 200m² is given over to retail/restaurant purposes. Alternatively, future owners can opt to create their own private abode, albeit with rather more rooms than usual.

Camps Bay, known for its exclusivity and natural beauty, has long been the playground of the rich and famous.

Lying at the foot of the Twelve Apostles mountain range, this cove is hedged in by granite boulders at each extreme.

The enclave that is Camps Bay embraces a palm-fringed expanse of pristine white beach, with an almost Caribbean feel and an atmosphere that offers some of the most exclusive real estate in the world.

At present functioning as a bar-restaurant on Camps Bay’s main road, this property is centrally located amid a vibrant beachfront locale, and boasts uninterrupted sea views.

Source: Business Day