A platinum rated property fell under the hammer of the ClareMart Auction Group at their Platinum Residential Property Auction at the Mount Nelson Hotel, Gardens, on Wednesday, November 30. The property, referred to as ‘’an ideal director’s home or an exclusive holiday home for the ocean lover” by Sales Director, Farrell Perling, sold for R12.5 million. This spectacular home was a legal matter with instructions received by a local attorney acting on behalf of an African businessman who has a large property portfolio in South Africa and who has recently relocated to Europe.

The Tuscan styled four bedroom Atlantic Seaboard home boasts ‘’spectacular sea and mountain views’’ says Perling. “4B Avenue Marina is situated on the much sought after and eternally in-demand Atlantic Seaboard luxury haven of Bantry Bay. Avenue Marina is off Kloof Road and benefits from being in close proximity to landmark Table Mountain and the City Bowl via Kloof Nek. Vibey Sea Point can be found in one direction or trendy Camps Bay and the picturesque coastal route to Llandudno and Hout Bay, in the other direction along Victoria Road”.

“The Platinum Residential Auction on Wednesday, November 30, was filled to capacity and 4B Avenue Marina was a property that drew particular interest during the extensive marketing and publicity campaigns. There were four serious bidder on the property, resulting in a R12.5 million closing bid” adds Perling. For information on other Platinum Properties or up-coming auctions, contact Farrell Perling on 021 425 88 22