A Unique Investment Opportunity in Boulders Estate, Cape Town, South Africa

This world-class former five-star luxury guest house overlooking the World Heritage–listed Boulders Beach is now offered for sale by Greeff Properties, the Christie's International Real Estate exclusive Affiliate in Cape Town, South Africa.

Priced at R9.999 million, including VAT with no transfer duty payable, this picturesque property comprises three classic, quaint, and self-contained Victorian-style dwellings with wooden floors, pressed ceilings, fireplaces, and stained glass windows. All the rooms have full close-up sea views. Just a minute’s walk away from Boulders Beach, the landscaped garden with a plunge pool and manicured hedges does on occasion play host to visiting penguins.

The main double-storey residence has two reception rooms with a modern kitchen and two en-suite bathrooms, one of which is located in a conservatory and enjoys a 180-degree view from the Victorian slipper bath tub. The second residence features open-plan living areas, plus three bedrooms and two bathrooms. The third is an open-plan studio cottage with a bathroom plus a storeroom, workshop, double garage, and shaded parking for a further two cars.

Properties in this exclusive Boulders pocket of Simon’s Town very seldom come on to the market, and as such are quite sought after. The highest selling price in Boulders to date was R14 million - fetched in 2011, by a four-bedroomed house right on the beach. Currently, the top asking price for a property in Boulders, comprising two dwellings, is R25 million.

In addition to the charm of the Boulders penguins, Simon’s Town enjoys a rich heritage thanks to its strong naval influence, which dates back to November 1687, when Commander Simon van der Stel selected False Bay as the safest place to anchor. He named the bay after himself - Simon’s Bay. In 1794, the Dutch East India Company made the bay their official anchorage for the tempestuous winter months. The British Navy established itself there in 1814 and their influence is still apparent in much of Simon’s Town’s architecture. The town is still home to the South African Navy.

Real estate in the area is made up of an extensive variety of properties ranging from small cottages to mountainside luxury villas. The average asking price for a three-bedroomed home with a sea view is between R2 million and R3.5 million, and rises steadily from there to a current high of R16 million.

With its unbeatable lifestyle, the singular seaside location is home to a community of permanent residents as well as to city-dwellers who choose to spend their weekends and holidays right on the False Bay coast. It also tops the list for many international investors.