• All Share : 50917.78
    DOWN -0.93%
    Top 40 : 4327.15
    DOWN -1.52%
    Financial 15 : 14476.96
    DOWN -0.56%
    Industrial 25 : 58345.34
    DOWN -0.77%

  • ZAR/USD : 10.6788
    UP 0.04%
    ZAR/GBP : 17.9710
    UP 0.04%
    ZAR/EUR : 14.3420
    UP 0.03%
    ZAR/JPY : 0.1041
    UP 0.13%
    ZAR/AUD : 9.9459
    UP 0.13%

  • Gold : 1294.2100
    UP 0.04%
    Platinum : 1463.5000
    UP 0.31%
    Silver : 20.3150
    UP 0.12%
    Palladium : 865.0000
    UP 0.58%
    Brent Crude Oil : 104.650
    DOWN -0.18%

  • All data is delayed by 15 min. Data supplied by INET BFA
    Hover cursor over this ticker to pause.

Sat Aug 02 02:24:15 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.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.
Sat Aug 02 02:24:15 SAST 2014 ::