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Hout Bay’s famous castle sold for R23m

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18 Sep 2012

The Castle, a famous landmark property run as a guesthouse in Hout Bay in the Western Cape was sold for R23 million to a Russian businessman.

Set on an 8.5ha terraced site with a natural waterfall and a large swimming pool, the property has its own water supply, and a generator in case of power outages. It also has a modern banqueting hall that can accommodate 200 people and conference facilities for 40 people.

The property located high up against the mountainside overlooking the beach and the bay and owned for many years by a foreign company  was sold by Nina Smith of Sotheby’s International Realty Southern Suburbs

Completed in 1998 by Cape Town businessman Reynier Fritz, The Castle is a replica of Schloss Lichtenstein in southern Germany, and was intended to be just as private and difficult to reach. 

It is still accessible by only one mountain road and by helicopter, since it has its own helipad.

It has, nevertheless, become an increasingly popular place to stay, especially for overseas tourists, and a sought-after venue for weddings and conferences. 

Set on an 8.5ha terraced site with a natural waterfall and a large swimming pool, the property has its own water supply, and a generator in case of power outages. It also has a modern banqueting hall that can accommodate 200 people and conference facilities for 40 people.

The main hall on ground level is, more traditional, with its carved beams, vaulted ceilings, stained-glass windows and fireplace, as well as a dining area with period table that can seat 24. 

There are 13 romantic guest suites, all with their own bathrooms, at different levels of the castle, as well as a library, billiard room and bar, and a businesslike industrial kitchen with walk-in coldroom, a laundry and a manager’s suite.

 Lew Geffen, chairman of Sotheby’s International Realty in SA points out that the new owner has bought the property for private use noting that the significance sale of this property  demonstrates the power of global network in uniting discerning investors and exceptional properties.

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