CASE STUDIES - De Waterkant - Investment Property
Asking price : 4.8 million ZAR.
Penthouse, duplex apartment (143m2) with three bedrooms, three bathrooms and offered fully furnished. Located next to trendy De Waterkant, within walking distance to the V&A Waterfront.
Our client had been working with Space for two years and was very familiar with the service level we offer. At the time of finding this apartment, the client, due to business commitments, was unable to view the proposed property but loved the spec and was happy to proceed to the negotiation stage.
The building has been designed by the famous CT architect Arthur Quinton and has an industrial feel to it with exposed concrete, exposed brick and industrial style lighting. Three bedrooms, of which the master suite measures a generous 50m2, three bathrooms and open plan living with two balconies and floor to ceiling glass give this apartment lots of light and a great feeling of space. A 24 hour concierge, storage room and secure, covered parking completed the picture.
Space finalised a purchase price, including a deal on the furniture, for 21% below asking price. Space have subsequently organised the interior design of the apartment and now manage short term rentals giving a lucrative return for the owner.