Large property with plenty of potential for R25m in Higgovale.

A rare property that offers plenty of space and opportunity, located in one of the most sought-after streets in Higgovale in the City Bowl has come onto the market, priced at R25 million including VAT.

Doris Ricketts and Michael Hauser, Seeff City Bowl agents tasked with marketing this rare property say that it is a one-of-a-kind find. The resort-styled home offers a spacious 750sqm in floor space and is set on a plot of 932sqm with a lush, tropical garden. It enjoys lovely views over the city.

In addition to five bedroom suites in the main house, the property offers two further separate guest suites, two swimming pools, various balconies and terraces as well as a courtyard with a fish pond.

The interior layout really lends itself to a boutique lifestyle, say the agents. The living areas include two lounges (one with a fireplace), a dining room and kitchen with double gas ovens and a walk-in pantry.

Finishes include feature balustrades and a large chandelier over the staircase to the upper level, modern bathrooms and more.

According to Ricketts and Hauser, the property would suit a family buyer or professional/business executive looking for a home office, but it also has hospitality potential. It is ideal for conversion to a bed and breakfast establishment or Airbnb property, especially given that the City Bowl is one of the most sought-after areas for holiday and business visitors.

The City Bowl is one of the most-sought after neighbourhoods not just in Cape Town, but country for that matter and, Higgovale is now prime property. According to the latest Propstats data, the suburb now boasts an average sales price of R11.582m, putting it amongst the top in the country with top end prices that can now range well into the upper millions.

Sales for this year already amount to just over R231 million and most of the freehold properties have sold in the price band above R10 million, such is the demand for top end houses in the City Bowl.

This is a very solid suburb with sound property value and certainly an excellent investment, conclude the agents.

Contact Seeff City Bowl, Doris Ricketts and Michael Hauser on 082 898 0519/082 888 0970 or 021 423 9146 or visit www.seeff.com, web ref. 406190.

Large property with plenty of potential for R25m in Higgovale.

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