Share

GALLERY: Inside R200m Cape mansion you could own

accreditation

Cape Town - If you happen to have R200m to spare, there is a four bedroom home for sale in Fresnaye, Cape Town.

According to Pam Golding Properties (PGP) the house also has five bathrooms (four en suite), six reception rooms, four garages and a rim flow pool.

The property is described as "exceptionally private and secluded". The property also has an olive grove allowing outdoor entertainment "on a grand scale".

"This property offers all the luxurious comfort one could want in one of the Cape's premier addresses. The upper entertainment level boasts a media room, private formal lounge and butler's kitchen," says PGP.  

A home theatre, restaurant, bar and steam room are a few of the features on the lower entertainment level.

In August, Fin24 reported about a home in Camps Bay, Cape Town, which is for sale for R450m.

READ: Why SA's most expensive home costs R450m

Activity in the South African residential property market indicates that it could be moving from "sideways to slowing", according to the FNB South African Estate Agent Survey for the third quarter of 2015.

Agents indicated a decline in residential market activity rating and in viewers of show houses, suggesting slowing demand.

At the same time, South Africa's luxury residential market offers a massive opportunity for the world’s über rich to extend their search for prize properties, PGG CEO Dr Andrew Golding said earlier this year.

"One potentially exciting aspect of the ultra high net worth individual (UHNWI) phenomenon, especially for the South African property industry, is that when it comes to big ticket real estate the world is top heavy," said Golding.

The vast majority of such transactions are in the Northern Hemisphere. Europe is tops for UHNWI residential holdings, followed by Asia and North America. Africa is bottom of the pile.

GALLERY: See inside the R200m mansion








Source: Pam Golding

* Add your voice to our Wealth & Investment Issue by writing a guest post or sharing a personal story.

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers. Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.01
-0.4%
Rand - Pound
24.12
-0.0%
Rand - Euro
20.63
-0.2%
Rand - Aus dollar
12.38
+0.3%
Rand - Yen
0.13
+0.4%
Platinum
901.05
-0.2%
Palladium
999.00
-0.7%
Gold
2,150.65
-0.5%
Silver
24.88
-0.7%
Brent Crude
86.89
+1.8%
Top 40
66,017
-0.4%
All Share
72,221
-0.3%
Resource 10
53,216
-0.2%
Industrial 25
99,605
-0.9%
Financial 15
16,696
+0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders