R60 million penthouse apartment in Morningside. The exterior. Picture: Herman Bosman 190813
R60 million penthouse apartment in Morningside. The interior. Picture: Herman Bosman 190813
Johannesburg - Need a new home and have R60 million to spare?
An apartment in Morningside, Sandton, has broken records after it was given this price tag.
But the luxury property could be on the market for quite some time as estate agents try to find a potential buyer.
The previous owners took an already finished property and poured millions of rand into reconstructing it in its entirety.
In the process they put in extras that would put many moguls to shame.
Two of the apartment’s nine garages have been converted into a refrigerated wine cellar; a home cinema was installed with audiovisual equipment of up to R1m; a bronze statue on one of the balconies was valued at R1.1m; while an art deco light fitting set back the previous owners R500 000.
The property has a total size of 585 square metres, which gives it a price tag of a little more than R100 000/square metres.
Pam Golding Properties Hyde Park joint area manager Jon Davies says that in 2009, a property in Sandton fetched R35m, the highest price an apartment in the area has fetched so far.
There are four palatial bedrooms, three of which have their own balconies.
The large rooms have electric blinds, plush carpets and en-suite bathrooms decked out in marble.
There are no fewer than six bathrooms.
The penthouse, which is being sold fully furnished, has been described as an entertainer’s dream, with a rooftop cocktail bar, a heated swimming pool and steam room.
The kitchen is fully fitted with Gaggenau appliances - and if you don’t know what those are, give them a Google and catch your jaw when you see the prices.
Wayne Venter, the Pam Golding Properties agent responsible for selling the “not-so-bachelor” pad, says the property is likely to attract the interest of foreigners.
“The apartment is on sale for the equivalent of approximately £4 million, which is well within the reach of the world’s wealthy,” he says.
“That said, a buyer could also emerge locally - perhaps a top executive who wants a luxurious lifestyle but who appreciates Sandton’s centrality.
“It is going to be very interesting to see who fits with this penthouse,” Venter adds.
The Star