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Musts for millionaires in Bloem

Posted On Monday, 01 March 2004 02:00 Published by eProp Commercial Property News
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In the commercial sector, the city has had a 6% increase in the lease of industrial and retail space.

Property-Housing-ResidentialAN ULTRA-LUXURIOUS house in the Garden City, Bloemfontein - believed to be one of the most expensive in the country - has gone on sale for a staggering R10 million.

The house is situated in the posh suburb of Heuwelsig. Anybody with this hefty sum to spend will get plenty for their money: five spacious family bedroom suites, all leading on to marble tiled balconies; two guest suites; six reception rooms; formal and informal open living areas overlooking a heated indoor swimming pool and atrium; gym; sauna; jacuzzi; gas fireplace; home theatre and conference room; two studies, large designer kitchen; laundry; scullery and five garages. The garden has computerised irrigation and a tennis court. Pentagon Also in the multimillion bracket is a four-bedroomed house in Pentagon Park, Bloemfontein. It is on the market for R5.5 million. Both properties are being marketed by Pam Golding Properties.

The Pentagon Park home, overlooking nearby hills, has seven reception rooms and a flatlet, a fully fitted modern kitchen, study, swimming pool, wine cellar, gym and a garden with 36 palm trees. Said PGP's area franchise principal Verna van den Blink: "Prices of houses in Bloemfontein have appreciated, on average, between 20% and 25%.

"Sectional title units have also soared; new developments have achieved prices in excess of R1 million each in upmarket areas. Growth "There's an influx of buyers which has pushed up prices. "A key factor in the growth of the property market in Bloemfontein has been its rapidly expanding infrastructure and facilities. "There is also the fact that the city is the hub of the central region, which serves about 32 neighbouring towns," said Van den Blink. In the commercial sector, the city has had a 6% increase in the lease of industrial and retail space.

Last modified on Friday, 27 June 2014 15:34

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