If you’ve been to Romney Park in Green Point, you know how perfectly situated it is. Situated on the slopes of Signal Hill, with panoramic sea views, Romney Park which is a former five-star hotel, is earmarked for refurbishment to modernise the interior and turn the luxury serviced accommodation into unique and beautifully designed sectional-title apartments.
“For years, this has been one of South Africa’s premier hotels, and with this next step, we’re looking to build on Romney Park’s reputation for excellence in luxury and fine living,” says Susan Versfeld, co-owner in charge of sales at Romney Park. The 26 north-facing apartments will go on sale during late 2018. Units available for purchase will include ten one-bedroom, nine two-bedroom, four three-bedroom and three deluxe apartments, ranging in total size from 51 to 526 square metres.
In the high-end Atlantic Seaboard neighbourhood, demand for sectional-title property has skyrocketed in recent years. In the past five years alone, property prices in the neighbourhoods stretching from Green Point to Hout Bay have increased by an average of 134%.
The seven-month refurbishment, due to begin in May this year, will leave the elegant contemporary-colonial exterior of the building largely untouched, while the spacious interiors will be updated to provide contemporary and comfortable living quarters that come with a wide range of services and facilities, including a pool and lounging deck, 24/7 security services, laundry facilities, fibre internet and DStv connections.
And the cost of the apartments are – one-bedroom apartments start at R3 090 000, two-bedrooms at R5 800 000 and three-bedrooms at R7 200 000, while the deluxe apartments, all with sizeable private gardens or balconies, start from R16 000 000.