By Eleanor Momberg
As property prices continue to drop and most people count their pennies before their next big expenditure, Sol Kerzner has announced he is putting up three exclusive penthouses for sale in Cape Town.
The price tag for each of the duplex penthouses situated at the new One&Only resort on a new marina at the V&A Waterfront is a whopping R100-million. But, Kerzner says, this is reasonable.
"If you look at it in terms of what is being sold in similar positions elsewhere this is not expensive," he says. "Personally, I think it is a bargain."
The four-bedroom residences are being constructed on the top two floors of the 131-key One&Only Cape Town resort which is set to open its doors to visitors at the beginning of October 2009, before the 2010 Soccer World Cup.
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The smallest of the three penthouses is 810m2, and the largest 943m2 - twice the size of the ballroom and conference centre being constructed in the Tower Marina hotel below. Each will have breathtaking views of two World Heritage Sites - Table Mountain and Robben Island. They have direct access lifts, meaning the new owners will not have to pass through the hotel lobby to get home. Each one also has substantial terraces with pools.
Also included in the purchase package would be personalised services such as catering on an a-la-carte basis, a concierge, housekeeping as well as spa and beauty treatments and a fitness centre.
The penthouses are being marketed locally, but will also be made available to international players.
Kerzner hopes the apartments, which will be structurally complete by the end of July, will be sold before the end of the year so that the new owners can have an input in personalising the interior design.
The construction of the urban resort was confirmed by Kerzner in October last year.
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