The penthouse apartment occupying the top two floors of the landmark development, The Spinnaker, situated near the harbour entrance within the Point Waterfront — on the market for R14.5-million — is arguably the best located property in Durban.

Comprising 481m² plus another 345m² of terrace space to the north, south, east and west, the luxury penthouse apartment has panoramic 360 degree views across the port, the city of Durban, Indian Ocean, Durban's Golden Mile to the north and the KwaZulu-Natal coastline beyond.

"Occupying the entire 26th and 27th floors at the pinnacle of this prime 98.2 metre high rise building, the penthouse affords a dramatic stepped roof profile and expansive covered terraces for an ideal indoor/outdoor lifestyle," says Taryn Muller who heads up the commercial, industrial and developments division of Pam Golding Properties' Durban operation.

The ultimate, luxurious dream home

"The configuration of the apartment and finishes can be completed to the client's specifications, making this the ideal opportunity for completion of the ultimate, luxurious dream home," says Muller.

"It's not hard to imagine the huge appeal and cachet of living in an apartment such as this where you have endless uninterrupted views wherever your eyes take you and you can enjoy sundowners while watching major vessels cruise past into the Durban harbour," she says.

Already completed and a beacon for those entering the port, The Spinnaker — which also overlooks uShaka Marine World — comprises a total of 91 spacious luxury apartments and penthouses and 14 office suites above a podium accommodating high grade showrooms and parking. The architectural expression of the building is intended to exude a highly identifiable image via its voluptuous curved form and tall corner spire with nuances of the famous Dubai Burj Hotel.

Superb viewing opportunities

Currently approximately 10 residential apartments remain available for purchase ranging in size from 98m² to 150m² plus terraces of varying sizes from 20m² to 67m² and priced between R1.75-million and R2.65-million. These are in five different designs with general living spaces in all units displaying state of the art open plan kitchens and finishes with broad expanses of glazing and sliding doors to capitalise on the superb viewing opportunities. Parking is included in the building.

Within the commercial component several retail shops and the corner showroom remain available for purchase. The shops range in size from 90m² to 650m² and are priced between R1.1-million and R9.5-million while the showroom is 640m² in size and priced at R10-million. Offices are between 65m² and 276m² and priced from R845 000.

The Spinnaker has state-of-the-art, 24 hour security with CCTV, including a guard in the lobby and intercom access for all units.

Commenting on the Point Waterfront in general, Muller says: "Astute buyers are realising the huge potential of this project for the future. While the Point Waterfront encompasses a large area undergoing redevelopment, things are starting to take shape and as with waterfront property anywhere in the world, property here will continue to appreciate in value over the medium to long term," she says.