Red Sails - Hout Bay

Originally developed for re-sale but as a result of the decline in the re-sale market in 2008 was retained as an income producing asset with periodic
sales taking place.

The property comprises a basement parking area with a ground floor retail area above which are two floors of residential units. The entire property is under sectional title which easily facilitates the sales of retail and residential units as and when demand arises.

Included in the Red Sails property is a vacant erf which has been zoned for residential development.