The Amdec Group today announced that the first phase of 60 residential apartments at The Yacht Club had been completely snatched up in just under three working days. In response to the immense demand, Amdec will launch the second phase of The Yacht Club this week.
The Yacht Club is a unique R1,2 billion mixed-use landmark at the magnificent gateway to Cape Town’s waterfront. This prestigious development will comprise residential, hotel, and office space, making it an ideal mixed-use facility for those wishing to live, work, and play within a safe and secure precinct.
Nicholas Stopforth, Amdec Property Development’s Joint MD, comments: “We are delighted with the market’s overwhelmingly positive response to The Yacht Club. We knew we had a great product that would be extremely popular, but the tremendous response it has received is even better than we originally anticipated.”
Amdec Property Development, part of the Amdec Group, are the development managers of The Yacht Club. Amdec is recognised as South Africa’s leading developer of New Urban lifestyles.
Stopforth confirms the second phase of The Yacht Club includes 50 one- and two-bedroom units in The Yacht Club’s East Tower. The launch will take place in Johannesburg on Tuesday, 6 October, at the iconic Melrose Arch mixed-use precinct, which is also part of Amdec’s pioneering portfolio.
The Yacht Club comprises two towers of urban hotel and apartment living, proudly set on a podium of modern, flexible office space. It also benefits from being located in a secure, vibrant and connected precinct and has generous parking, easy access, excellent design, quality finishes and animated public areas alongside the pedestrianised canal environment.
Its range of beautiful apartments - with one bedroom, two bedroom, and luxury corner apartments - will take full advantage of the building’s spectacular views. Apartments will range from 54m2 to 99m2, and offer exclusive urban apartment living ideal for young professionals, first-time buyers, investors, and regular visitors to Cape Town, as well as corporate and long-stay accommodation.
Set for completion mid-2017, The Yacht Club’s striking nautically inspired design will reflect the heritage of this unique setting. It is strategically positioned adjacent to the V&A Waterfront, a stone’s throw from the Cape Town International Convention Centre (CTICC) and on the doorstep of the city’s historic Foreshore.
The Yacht Club is within the Roggebaai Canal Tourism Precinct, named after the Roggebaai Canal which runs through it, and links it to an outstanding variety of world-class tourist, business, retail, and recreation facilities, all within its immediate vicinity. The R180 million Cape Town cruise-liner terminal is approved directly north of the Yacht Club, and it will be completed in 2017.
Stopforth says: “The Yacht Club will offer investors a secure, quality lifestyle in an energised precinct on a working harbour with all the buzz of city living in a location steeped in history.”
The Yacht Club is incredibly easy to get to - by car, bus, shuttle, taxi and by water taxi on the Roggebaai Canal waterway. It boasts dedicated access at the junction of several transport systems, and enjoys direct connections to the city’s major arterial roads and direct highway links across the city and to Cape Town International Airport.
As a mixed-use development, The Yacht Club also features contemporary, A-grade business space in excellently situated offices that are flexible in design. The development also has the potential for a hotel and associated serviced apartments. Stopforth confirms negotiations with a well-known international hotel group are advanced in this regard.
On completion The Yacht Club will be an iconic landmark and the biggest development of its kind in the Roggebaai Precinct, joining the existing developments of Harbour Bridge Hotel & Suites and Canal Quays apartments.