Citadel Constantiaberg, a seven-storey block of 91 luxury apartments, offers a rare opportunity for high-rise living in the heart of the Southern Suburbs.

The apartment block, which offers sweeping views of the Constantiaberg, has been built on the banks of the Diep River in a joint venture between the Rabie Property Group and Avon Chase Properties.

More than 70% of apartments ranging from studios to three bedroom penthouses have been sold to owner occupiers and investors.

Ian Matheson of Avon Chase said the remaining units were expected to sell out quickly due to the uniqueness of the development and the improving market conditions on the back of lower interest rates and the banks relaxing their lending criteria.

Matheson said Citadel was the only development of its kind to be seen in the area for many years.

"Stringent zoning restrictions make such high-rise developments in Constantia impossible. Therefore Citadel Constantiaberg, which is situated near the Constantia Medi-Clinic and is only a three minute drive from Constantia Village Shopping Centre, presents a unique opportunity to purchase a lock-up-and-go lifestyle in the Constantia Valley."

He said there was also strong demand for rental properties in the area and a number of agencies had successfully let investment properties at Citadel for owner investors. Rentals achieved were around R3 500 for studios, R5 200 for one bedroom apartments, R7 200 for two bedroom apartments, R9 500 for three bedroom units and R15 000 for a penthouse unit.

Surrounded by landscaped gardens, the building has been designed in a classic contemporary style by award-winning architectural firm, Vivid Architects.

Set over basement parking, it has been orientated to maximise mountain views while penthouse apartments also enjoy views from the False Bay coastline to Devils Peak

The units vary in size from 43sqm studios to three bedroom penthouses of 148sqm with a 56sqm terrace. One bedroom units average 68sqm, two bedroom 83sqm and three bedroom 117sqm. All apartments have private balconies.

Prices range from R850 000 for studios, R1,395m for one bedroom units, R1,525m for two bedroom units, R2,2m for three bedroom units and from R3m for penthouses with the top 146sqm penthouse selling for R3,9m. All prices of development units include VAT and no transfer duties are payable.

The block offers excellent security with perimeter fencing, CCTV and 24-hour manned access control, undercover parking for residents, a communal swimming pool, laundry and boutique gym as well as DSTV and internet connectivity for each apartment. There is also a dedicated estate manager on site.

For more information contact Ian Matheson on 083 261 5646.

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