Paarl gets residential tower
2005-04-28
THE tallest building in Paarl, the 13-storey Nedbank building, is to be redeveloped for residential purposes as the Lady Grey Tower.
The building, formerly the head office of BoE Bank at the corner of Main and Lady Grey Street, has been standing virtually empty since BoE Bank was taken over by Nedcor.
From the third floor up, the building will be converted into 40 luxury residential units varying from one to three bedrooms - with probably the best view in Paarl.
The building has been purchased by a consortium known as One Vision Investments and nine units have already been sold.
Entrance to the residences is served by a concierge desk with total privacy and security.
Reception will be linked to every unit by intercom and all units will have parkade parking.
The airconditioned interiors will be lavishly finished for an elegant lifestyle, with solid herrywood panels, marble and granite.
The kitchen comes fully equipped with stainless steel appliances. The units will be wired for home theatre. The imposing bathrooms will have travertine walls and floors.
The fourth floor will consist of a lifestyle centre with sauna, gym, pool and barbecue facilities wrapped around an espresso bar.
Also available will be a number of boardroom facilities on the ground floor with 24/7 internet (ASDL).
The ground and first floor will be let for office and retail purposes, while a restaurant is also planned on the ground floor.
The price of a one-bedroom unit of 63 square metres is R689 000 (18 units), while the price of a two-bedroom unit of 75 square metres is R839 000 (four units).
There will be three-bedroom units of 124 square metres at R1 298 000 each, and bigger units of 141 square metres at R1 488 000 each. All prices include VAT and transfer costs.
The amount of levy to be paid, has not yet been established.
For enquiries, contact Fountain Properties on 976-2366.
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