Bantry Bay attracts investors
Category Property Advice
Bantry Bay, one of Cape Town's most affluent suburbs, is enchantingly positioned on the slopes of Lion's Head overlooking a mesmerising rocky coastline. The area is a top tourist destination and a sought after high-end investment mecca.
Lightstone Property data reveals that Ravine Road in Bantry Bay is the second most expensive street in Cape Town with property values averaging R27.5 million, while the highest valued street being Beauvais Road in Bel Ombre with an average value of R43, 7 million per property. The report further highlights that there are nearly eight million registered properties across South Africa; 83% of which are residential properties and 17% non-residential. The total of 6,7 million residential properties is valued at R5,4 trillion.
The upscale area of Bantry Bay had its name changed during World War I. It was originally called Botany Bay - after a botanical garden that was planted for the cultivation of medicinal herbs. Furthermore, on the seashore lays a plaque that commemorates a visit by Charles Darwin. He made important geological observations in Bantry Bay relating to the nature and origin of granite.
How Bantry Bay attracts investors
While Cape Town winds are strong, Bantry Bay is sheltered and relatively free of the wind. Secluded and protected, this area gets about 290 wind-free days per year. Such areas in the Cape are always in high demand. Travellers love the spot and it is perfect for relaxing breaks.
Holidaymakers in Cape Town are spoiled with convenience when touring the city. Since Bantry Bay is situated between Sea Point and Clifton, the area has the advantage of being centrally located to the Atlantic Seaboard's major beaches and destinations. Camps Bay's Blue Flag beach and a bustling strip of bars, restaurants and cafes, are also a quick distance away. Furthermore, the Cape Town CBD is also close by.
Let's not forget those envious ocean views. While Bantry Bay is not allocated its own beach, it is located above the Atlantic Ocean which allows for many properties in this area to have some of the most spectacular ocean views. These breathtaking views make Bantry Bay a sought-after holiday and honeymoon destination.
Contemporary townhouse just moments from the sea
Tucked away in a small cul-de-sac leading down to the beach, this lovely home emphasizes peace and tranquillity. The property has been beautifully renovated with attention to detail with quality finishes throughout the home. The property is spread over three levels with a brand new lift to all floors. The home comprises of a spacious, light and airy living area, four bedrooms (two en-suite), three bathrooms and a guest cloakroom. The impressive master suite has vaulted ceilings and a breathtaking view of Lions Head. There is also great staff accommodation with a separate entrance as well as secure parking for three cars. This luxurious property works well as a permanent home or a glamorous lock-up-and-go.
Stunning 3-bedroom penthouse apartment
This prestigious duplex apartment is located in a secure and well-maintained complex. Downstairs features an open plan living/dining area flowing onto a small balcony with gorgeous sea views. The gourmet kitchen is fitted with all that the chef of the home needs. Underfloor heating will keep occupants cosy on those cold Cape Town nights.
The upstairs accommodation is made up of three bedrooms and two bathrooms. All bedrooms have ample cupboard space and are air-conditioned. The large main bedroom en-suite has a private balcony overlooking the lovely Bantry Bay.
With its spectacular ocean scenery, shelter from the strong Cape winds and being a central location, Bantry Bay is an excellent choice for potential investors. Contact Knight Frank for expert investment options in this flourishing area.
Author: Knight Frank
