Property moves fast in Sea Point

Some South Africans may be battling the current tough property market, but one Cape Town seller took a mere 10 minutes to flog a tiny Sea Point apartment.

To top it all, the buyer, who snapped it up via an sms, had not even seen it.

The 29m² pad, which has no kitchen or parking bay and which was previously used as “staff quarters”, was sold for a “bargain” R425 000 recently.

Estate agents Bianca Gutteridge and Adrian Mauerberger from Seeff Properties described the response as “unbelievable”.

The duo sent an sms to their database of potential buyers and 10-minutes later the beachfront apartment was snapped up by a buyer in Johannesburg.

Although described as sea-facing, the bachelor’s unit’s only view of the Atlantic Ocean is from a tiny window.

“It was sold at full asking price... and the buyer hadn’t even seen it,” said Gutteridge.

The flat is believed to be the cheapest property sold on the Atlantic Seaboard this year.

Ian Slot, managing director of Seeff Atlantic Seaboard, said: “People are prepared to pay competitive amounts to own property on the Atlantic coastline ... there’s only so much land available between the mountain and the sea.”

A 18m² garage in nearby Clifton was snapped up for R2-million last year

Article by: Simpiew Piliso - www.sundaytimes.co.za