Good opportunities right now in Hout Bay Hospitality sector

01 May 2010

 Repeating a theme that she has emphasised regularly recently, Lanice Steward, MD of the Cape estate agency, Anne Porter Knight Frank, said this week that property sales will continue through apparently adverse times for home selling, such as the World Cup, winter and the long school holidays.

Right now in the hospitality sector, said Steward, there are particularly good opportunities.
"The idea that every B & B and guesthouse owner is waiting until after the World Cup is just not true," said Steward. "Some are selling at this time."
APKF's Hout Bay branch now has two well known guest houses on its books.
The first is a four star establishment with five bedrooms, all en suite, a swimming pool and five parking bays on a 719m² plot close to the historic centre of Hout Bay but some 200m above it.
The building's high site gives it panoramic views of the encircling mountains. It is also close to the beach and several well known restaurants and the Chapman's Peak Hotel’s popular alfresco dining patio.
The asking price of R3,85 million is, says Felicity Cawley, the APKF agent handling the sale of this property, very reasonable for so large and well appointed a building. The business has an established clientele and is particularly popular with upcountry visitors.
APKF’s second guesthouse is in the sought after Amblewood precinct high on the slopes of Constantiaberg – with views that, again, take in the bay, the harbour and, in this case, Karbonkelberg. The building has very definite Cape Vernacular features with six dormer windows on the upper floor, wide enclosed patios and Alphen green roofs.
This home, says Matt Mercer of APKF, is on the market at R6,295 million and also has an established client base.
"The private outdoor relaxation/entertainment area has a pool and is tree fringed, creating a "social" space that is particularly attractive to overseas sun seekers," said Mercer.
Hout Bay, he added, is recognised overseas and upcountry as being one of the Cape's most convenient getaway/tourist venues as it has 40 plus restaurants and is close to the Waterfront, Kirstenbosch, Table Mountain and Cape Point and within an hour of the Cape Winelands
For further information contact Felicity Cawley on 083 309 7876 or Matt Mercer on 083 299 1133.