05 September, 2015

Penthouse suite on Strand beachfront on offer in liquidation auction


Penthouse suite on Strand beachfront on offer in liquidation auction

A penthouse suite that towers above the waves in a prime location on the Strand beachfront will be on offer in a liquidation auction to be held on site by the Michael James Organisation on Thursday, 10 September.

The auction house’s Paula Voges describes the suite – one of the two penthouse apartments in the sectional title Peninsula Bay development - as “outstanding”. The property has panoramic ocean views.

Unit 78, SS Peninsula Bay – better known as apartment number 601 - is situated in the Ocean Breeze Hotel, Beach Road, Strand, and measures 221m², Voges says.

The penthouse is accessed via the lift to the top floor. “The suite comprises three good-sized bedrooms, two stunning bathrooms, a lavish kitchen with pantry, a large open-plan living area with dining room, and two terraces with barbecue areas and views across False Bay, from Rooi Els to Cape Point.”

She adds, “The finishes and fittings are all of a high quality - no expense has been spared – and there is a distinct feeling of opulence on entering the apartment.  An underground parking bay is also available, and will be included in the sale.”

The public auction will be held on site at 11.15am on Thursday, 10 September. The pre-auction viewing will take place from 2pm to 4pm on Sunday, 6 September. The suite may also be viewed from 10.30am on the morning of the auction.

“We recommend that potential purchasers browse our website: www.michaeljames.co.za, web reference 1766,” says Voges. “The conditions of sale pertaining to this auction are available as a download.  All documents relevant to Peninsula Bay are also available for ease of reference.”

She points out that the property is presently company owned, and the purchaser will pay VAT over and above the purchase price. 

For additional information, contact Paula Voges at the Michael James Organisation offices on 021 851 7007.