Every time I see someone in a fancy car zoom way from a chasing parking attendant, I am reminded that people are terrible.
That being said, I’m kind of over having to pay for parking upfront these days. No, I don’t know how long I will be parking in this spot for, and yes, I will pay when I return to my vehicle.
You twats who try and sneak away without paying are ruining it for the rest of us, but that’s a story for another day.
If you’re tired of forking out dough for parking, and you have serious cash to burn, you can now buy your own bay in De Waterkant.
Business Tech with the staggering numbers:
According to the latest investor presentation from Tower Property Group, parking bays which form part of its new development on Napier Street in De Waterkant in Cape Town will be sold for around R570,000 a bay.
The group is building a three-level underground parking garage, which runs along the length of the street, as part of the development, which will offer 141 parking bays for those who are willing to fork over the money to have somewhere to park.
Hey, that parking spot in Clifton went for close to R1 million last year, so don’t be too surprised.
The rest of that Napier Street development ain’t cheap, either:
The apartments in the developments will be upmarket residential spaces, with budgeted selling prices in the region of R79,000 per square metre – though Tower expects this to go as high as R90,000 per square metre in the Napier Street development which offers 16 upmarket apartments on top of two retail floors.
Residents are allocated their own parking spaces that are not part of the 140 bays that will eventually be sold off.
R90 000 a square metre – and people wonder why Millenials are living with their parents into their 30s.
The Citizen with more on those apartments:
All but five units have been sold, and asking prices on the remaining apartments average in excess of R100 000 per square metre. One-bedroom units (43m2) on the second and third floors are priced at over R4 million. Six units were sold within the first 48 hours of the development’s launch in February 2017. At the time, the apartments started at R2.85 million.
That’s a kick in the teeth right there.
Happy renting for life, yo.
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