A newly completed luxury urban development, situated in a prime position on the Main Road in Cape Town’s vibrant suburb of Greenpoint, offers investors an exciting opportunity to own property in what will surely become a future Atlantic Seaboard icon – with no transfer duties payable.
Marketed by Dogon Group Properties, the 11-storey 169 On Main development, which is located opposite Greenpoint Park on the doorstep of the V&A Waterfront, features 51 luxury apartments. These range in size from 47 to 140 square metres – the majority of which feature balconies with spectacular views over Greenpoint Park as well as mountain views to the South. The building also features two large 3-bedroomed penthouse apartments on the upper levels which are 165 and 191 square metres in size (both already sold).
'Multi-award winning property developer'
169 On Main is the brainchild of Abacus Development Company, a highly acclaimed and multi-award winning property developer specializing in luxury projects.
Martin Lange, Director of Developments for Abacus, explains that apartments at 169 On Main boast features such as oak flooring, stone counter tops, floor to ceiling windows and doors, all meticulously detailed to a high level of quality, as well as full fibre connectivity and SMEG appliances throughout.
“Added to this, 169 On Main enjoys a communal rooftop swimming pool and sun terrace with spectacular views, private basement parking, a 24-hour concierge desk and security.”
Designed by Chris Bam of Bam Architects, the apartments at 169 On Main have been carefully considered, offering open plan living with expansive curtain glass walls affording an abundance of natural light, and seamless flow to balconies with their impressive views. The interiors of these modern, luxurious apartments have been designed by Bone Studios, in collaboration with Dot Designs, who drew inspiration from European design fairs – resulting in a bespoke luxury residential experience.
'Heart of Atlantic Seaboard'
“The development is superbly located in the heart of Atlantic Seaboard, within close proximity to the Waterfront, the historic Mouille Point Lighthouse, Sea Point Promenade, Green Point Urban Park, Virgin Active Gym, and the Metropolitan Golf Club – to name a few,” says Alexa Horne, Managing Director for Dogon Group Properties. “Enjoying the spectacular sunrise and sunset views from these apartments is surely the perfect way to start and end every day.”
“Green Point is one of Cape Town’s most popular suburbs, offering a sense of community, security and a vibrant energy. Residents are able to take a stroll or cycle on the promenade, go shopping at the V&A Waterfront, sunbathe at nearby popular beaches, kayak with the dolphins, and enjoy a variety of trendy coffee shops, cafés and renowned restaurants - all within strolling distance.”
Paul Upton, Head of Dogon Group Developments says that investors are assured of excellent returns on a property purchase within 169 On Main. “Globally, history has shown that rejuvenated city centres offer significant capital growth, plus there are fewer opportunities to purchase newly developed luxury property in Cape Town’s Atlantic Seaboard and 169 On Main is a rare opportunity not to be missed. The development truly does enjoy an unrivalled location.”
'5% fixed interest rate'
“Prices start at R2,615.000, ranging up to R6.780 Million and include VAT, with no transfer duties. In addition to this, a limited time offer is currently available which will see buyers qualify for a 5% fixed interest rate for the first 12 months of their bond loan (up to a maximum of 80% Finance of Purchase Price).”
169 On Main is newly completed and occupation is expected during September 2020. “Sales have been robust for this desirable development and we have limited stock available,” advises Upton. “Unsurprising given the buildings prime location close to the CBD and top tourist attractions – with easy access to public transport. Young professionals and potential investors can say goodbye to grid-locked traffic and hunting for elusive parking bays, rather simply catch an Uber, hop on a MyCiti bus or take a leisurely stroll into the city centre.”
For further information on 169 On Main click here.
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