Cape Town - A Clifton parking bay that raised eyebrows for its R990 000 price tag, was bought by a German investor this week.
The bay, which overlooks Clifton First Beach, is situated on the roof of a luxury apartment complex on Victoria Road.
Estate agent John McDermott said the eye-watering price was not unusual for the area.
“Parking bay 93 was sold to a German who, 24 hours later, bought an apartment for R25 million in Stellenbosch.
“There are about 10 others who desperately want to buy a similar parking bay - and who are quite happy to pay the same price - which just proves the great demand in this affluent area of Cape Town for parking," he said.