01 Feb 2013
Those looking for entrepreneurial and property investment prospects in the safe and convenient residential choice of Hout Bay will not fall short of options.
This is according to Seeff agent, Ingred Blicher Hansen, who says the sentiment within the village is positive towards entrepreneurial growth with trendy décor stores, boutiques, coffee shops and boutique hospitality establishments continuing to open up.
Infrastructural upgrade plans are afoot, including upgrading the popular harbour and Mariner Wharf area and even creatives and professionals such as architects are setting up base, often converting houses around the main roads.
Tourism is a key driver of economic activity and aside from local holiday makers, foreigners, especially longer-stay visitors who enjoy the Cape’s summer months, is on the up, Blicher Hansen says. Breakfast runs, cyclists and weekend visitors are drawn to the Harbour area and Mariner’s Wharf where fresh food and live entertainment are on offer at the Bay Harbour Market - all contribute to the entrepreneurial growth prospects.
A bed and breakfast establishment with five guest suites is currently selling for R5.495 million. Set on a 1 427 square metre stand, the 450 square metre home is furnished with Art Deco and Victorian antiques. It has an irrigated indigenous garden with a decked area, a solar heated salt water swimming pool and a pool room with shower facilities. There is also a unique, fully functional Victorian bathtub in the ferns in the garden to indulge in outdoor bathing, says the agent. It has spacious living areas and a kitchen with a breakfast area open onto outdoor decks. There is a separate laundry room as well as a double garage and additional parking space.
Blicher Hansen says it attracts year-round local and international guests from European countries such as Britain, Holland and Germany as well as from the USA, Mauritius and France; many of whom are repeat visitors. It also makes the ideal luxury homestead for buyers looking for an exclusive private residence, she adds.
Also popular and boasting a year-round occupancy rate of 50 percent that peaks at 94 percent over the January/February period, about 85 percent of which comprise European visitors, is a 4-star guest house that is rated amongst the top guest houses in the Cape metropolitan area. Priced at R6.495 million, it sits in a cul de sac in Oakhurst with mountain views on a 1 796 square metre stand.
The 500 square metre property has six spacious guest suites and an apartment, a landscaped tropical garden with a water feature and solar heated pool. It has terracotta and screed flooring, wooden sash windows, French doors and top class security. The double garage includes a mezzanine storage area and there is additional parking for five vehicles and it is well suited to a luxury residential buyer, says the agent.
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