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Monday Aug 12, 2013

Clifton garage on market for R2m

How much would you pay for a place to park your car?

How about the bargain price of R67 000 per sqm or R1 million per door for a double garage in the Cape Town suburb of Clifton?

The White Cliffs complex in Clifton

The garage, selling for R2m, was advertised in a Saturday newspaper property supplement.

'Garage For Sale. A 30sqm underground, secure storage unit or double lock-up garage, available now in the heart of Clifton. An opportunity not to be missed,' the advertisement read.

Helen Hoekstra, estate agent for Anne Porter Knight Frank, said garages in the affluent suburb fetched exorbitant prices because they were extremely rare.

'They don't come up often. They are like hen's teeth in the area.'

She said many houses there did not come with attached garages, leading to residents needing to buy a garage in addition to their homes.

'They don't have garages or even storage. That's why they achieve such high prices.'

The garage is part of the White Cliffs block of flats on Victoria Road.

Hoekstra said the garage had been listed for about two months and had already garnered some interest.

'I've had quite a few people getting in touch with me about it.'

She had advertised it in the newspaper this weekend for the first time and had received three inquiries since Saturday.

She said a colleague had sold a single garage for R1.5m in March.

Cape Times

    
 

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