Would you pay R1m for a parking bay in the Cape?

CapeTalk's Kieno Kammies speaks to property strategist at FNB, John Loos about the San Michelle rooftop car parking bay which just went on sale for R990 000.

Loos says he is not certain whether this is a good investment but he knows the super rich wont have a problem acquiring it.

The super rich would not only do parking but will probably do a fair amount of entertainment or even use it as a helipad.

John Loos, property strategist at FNB

If you thinking about seriously wealthy people R1 million for a parking bay is probably not that extreme.

John Loos, property strategist at FNB

Cape Town estate agent John McDermott has confirmed to TimesLive that they have "three or four definite buyers” for the parking bay.

Listen below to hear more of this interview:


Recommended

by NEWSROOM AI
Read More
SA Airlink comes to the rescue in St Helena

SA Airlink comes to the rescue in St Helena

When a ship, the only mode of transport to the remote island broke down, SA Airlink sent a plane winging its way to help.

Run Forrest Run

Run Forrest Run

Running, as tough as it is, is quite addictive, say Azania Mosaka 's listeners.

Solid Gold Playlist: Sunday 02 April 2017

Solid Gold Playlist: Sunday 02 April 2017

Solid gold favourites for your laidback Sunday listening.

'I'd focus on one stroke at a time', recounts SUP record holder Chris Bertish

'I'd focus on one stroke at a time', recounts SUP record holder Chris Bertish

Cape adventurer Chris Bertish tells all after completing his first ever solo unsupported transatlantic SUP crossing over 93 days.

More and more Joburgers moving to Cape Town to settle

More and more Joburgers moving to Cape Town to settle

Semigration is becoming a growing trend in South Africa with more Gautengers moving to the Mother City.

Four booming property areas not on the Atlantic Seaboard

Four booming property areas not on the Atlantic Seaboard

No apartment has been sold for under R1 million on the Atlantic Seaboard since March, explains Remax property expert Steven Delit.

That green substance drifting ashore may be anti-freeze?

That green substance drifting ashore may be anti-freeze?

John Maytham speaks to Gregg Oelofse from the City of Cape Town about concern over water pollution on the Atlantic seaboard.

Court stops sale of controversial Tafelberg site for now

Court stops sale of controversial Tafelberg site for now

Court ordered government to publish new notice for the proposed sale of land earmarked for low-cost housing in upmarket Sea Point.

‘Residential property market down, but not out’

‘Residential property market down, but not out’

The residential property market in South Africa is struggling but not completely dead, argues Pam Golding’s Dr Andrew Golding.

Popular articles
[LISTEN] Painting worth MILLIONS missing from Magashule's old office

[LISTEN] Painting worth MILLIONS missing from Magashule's old office

Investigative journalist, Pieter-Louis Myburgh says the artwork, owned by the Free State government, is worth between R6m and R8m.

DA: Whether you are from Switzerland or Swaziland, you must be documented in SA

DA: Whether you are from Switzerland or Swaziland, you must be documented in SA

The DA defends its immigration plans saying no country can afford not to secure its borders.

CT council to decide on charging De Lille following new forensic report

CT council to decide on charging De Lille following new forensic report

The Bowman Gilfillan report, yet to be made public, found that De Lille allegedly failed to report tender corruption to council.

Judge in Omotoso case dismisses defence application to recuse himself

Judge in Omotoso case dismisses defence application to recuse himself

Judge Mandela Makaula has dismissed the defence application saying it has no merit.

Why Genetic Sexual Attraction isn't quite the same as incest

Why Genetic Sexual Attraction isn't quite the same as incest

Clinical sexologist Dr Eve unpacks the complex phenomenon of estranged relatives who are sexually attracted to each other.