Cape Town City Centre
The CBD (Central Business District) in Cape Town is located in the city centre and spans from the top ends of Long Street and Loop Street to the Foreshore and the Canal Quays. Traditionally an area exclusive to Cape Town business, the city centre is now home to numerous modern residential apartment blocks, such as Mandela Rhodes Place, Cartwright's Corner, The Adderley, The Piazza on Church and The Decks. The residential apartment boom in the CBD has been flourishing since 2003 when developers began to convert commercial-only blocks into mixed-use and residential blocks.
Major attractions in the city centre include the V&A Waterfront, together with Robben Island (entrance in Buitengracht Street), the Cape of Good Hope Castle (Castle Street), the Grand Parade and City Hall (Darling Street), Greenmarket Square (between Shortmarket Street & Longmarket Street), the Cape Town International Convention Centre or CTICC (Lower Long Street) and the Company Gardens (top of Adderley Street).
Cape Town CBD residential property market is almost exclusively made up of sectional title apartments. These city centre apartments command the highest Rand per square metre prices in the City Bowl due to their position in the CBD, their security systems, parking facilities and their modern finishes. To purchase a Cape Town CBD apartment will range drastically in price from a small studio at approximately R800,000 to a large top floor penthouse at approximately R6,000,000. There is also a high demand for residential leasing of apartments in the city centre. To rent a Cape Town CBD apartment will range in price from approximately R4,000 per month to R28,000 per month.
The city centre is brimmed full of great restaurants and bustling clubs and bars. This non-stop nightlife is generally situated around the busy Long Street, Loop Street and Bree Street areas. There are also great theatres and music venues in the CTICC and the Artscape Theatre. The shopping centre at the V&A Waterfront is one of the largest in Cape Town. Shopping is also a must in the Adderley Street and St Georges Mall areas. One can also experience authentic African market shopping in Greenmarket Square. The Christian Barnard Hospital (Longmarket Street) is a modern world class hospital in the heart of the city centre.
The CBD has become a sought-after residential suburb in Cape Town's City Bowl due to its' location in the heart of the city, its' secure and modern apartment blocks, its' vibrant and non-stop energy and its' desirability.
- Residential Sale Property Ranging from R500,000 to R2,350,000
- Residential Let Property Ranging from R7,500 to R11,000
- Commercial Sale Property Ranging from R155,000 to R850,000
- Commercial Let Property Ranging from R0 to R220
Tel: 0214881100
Fax: 0214247510
Email: info@sothebysrealtycb.co.za
