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Thu Oct 30 17:16:06 SAST 2014

Last of luxury Cape penthouses sells for R55 million

Sapa | 03 February, 2013 10:30

The last of three luxurious Cape Town penthouses has been sold to a Nigerian businessman for R55 million, according to a report.

The Sunday Times newspaper reports that after the final sale, the three properties, located on the top floors of the five-star One and Only Hotel, now have a combined value of R228 million.

The sale of the second penthouse was registered last week. The property was sold as an empty shell, with a private lift, glass-enclased bedroom suites, and a private terrace and swimming pool.

"It is expected to be valued at almost R90 million upon completion," Seeff Atlantic Seaboard managing director Ian Slot told the newspaper.

The first penthouse sold for R110 million in 2008.

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