Property360 - National Digital Magazine - 13 November 2020

PROPERTY

360

PICTURE: VICTOR MORIYAMA/ BLOOMBERG.

A PA R T M E N T R E N TA L MARKET I S F L AT PA G E 3

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TENANTS SITTING PRETTY Desperate Manhattan landlords offer spoilt-for-choice renters free accommodation for three months

Renters in New York are being offered months rent-free.

PICTURE: VICTOR BLUE

BY OSHRAT CARMIEL AND NATALIE WONG “DON’T pay rent until 2021,” is the message blaring from a web page of New York apartment listings by Related Cos. Manhattan landlord Stonehenge says you can “Live free for 3” in some of its units.

That’s in addition to the Citi Bike membership and American Express gift cards the company is offering students and recent graduates who sign leases.

Landlords are growing more desperate as they struggle to fill apartments amid an urban exodus. And they’re no longer reluctant to show their hand – generous giveaways that just months ago were hashed out behind the scenes are now advertised boldly for anyone browsing online.

“You can’t hide it any more,” says Gary Malin, chief operating officer of brokerage Corcoran Group, which represents landlords.

“Owners are saying to themselves, ‘I’d rather be honest from the beginning, than play a game back and forth, and otherwise

lose a tenant.’”

With many people still working from home, restaurants largely shuttered and schools mostly online, New Yorkers are finding few reasons to stay put in the city’s costliest borough. Manhattan rental listings soared last month to more than double the inventory from a year earlier, according to appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate.

The vacancy rate jumped to a record-high 5.1% from under 2% last August.

That gives renters leverage and they’ll choose an apartment with “the best possible deal” over one they love the most, Malin says.

“Tenants are filling out four to five applications at the same time and negotiating one offer against the other.

“Owners want to lead with their best foot.

If you sit and try to hold on for every last penny, for every last dollar, tenants are just going to go somewhere else.”

Enticements such as a free month, complimentary gym membership or payment of a broker’s fee have long been standard in New York when landlords want to fill units in a slowing market. These days, it’s not uncommon to see pitches for three free months, especially in buildings with fancy public amenities that have been off limits during the pandemic.

At Stonehenge, chief executive officer Ofer Yardeni says occupancy figures slipped as tenants moved back with their parents, to the suburbs or to the beach to ride out the summer while working remotely.

Now, with the weather cooling down and more businesses reopening, people are starting to consider coming back and Yardeni is using the sweeteners to get their attention.

In addition, behind the scenes, current tenants are being paid as much as $4 000 (about R65 000) if they find takers for empty units in the company’s buildings.

“I’ve been in the business for over 30 years and I’ve never seen the market this way,” Yardeni says. “It’s almost like a falling knife.”

The incentives apply only to new tenants, creating a “slippery slope” for landlords who also need to hang on to existing renters, says Yardeni. His company offers adjustments on renewals on a case-by-case basis.

“Most landlords, especially the smaller ones, can’t afford to leave their properties vacant,” says Michael Feldman, chief executive officer of Choice New York Cos, one of New York’s biggest apartment managers. “You’ll start to see four to five months of free rent consistently throughout the winter.”

While offering such big breaks sounds like surrender, it’s actually a smart move, says Malin.

“Whatever you give away, you’re bringing in tenants quicker, you get rent quicker,” he says. “You start to mitigate your losses and you’ll come out ahead. – Bloomberg

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NEW AND JUST FOR YOU To s u b s c r i b e t o t h e s e f re e d i g i t a l m a g a z i n e s e m a i l v i v i a n . w a r b y @ i n l . c o . z a To a d v e r t i s e i n t h e m e m a i l c h a r l . re i n e k e @ i n l . c o . z a

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Letter from the editor EARLIER this week, while sorting out my papers, I came upon a newspaper property supplement we ran in mid-March, a few days after President Cyril Ramaphosa declared a national state of disaster.

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Vacancies an ongoing challenge for landlords There is a surfeit of rental flats with tenants being hard hit financially and others taking advantage of low interest rates to buy their own homes

BY BONNY FOURIE bronwyn.fourie@inl.co.za

The date was March 18 and the headline was “Business braces for the virus”. At that stage we were still oblivious to the initial 21-day lockdown, which the president would announce a few days later.

At the time, business was concerned about how lockdowns in other countries would affect domestic production because of the halt on imports from other countries. It was also predicted that industrial property would be the first to be affected followed by foreign and leisure tourism, then retail and leisure trade.

It is so interesting to have these records from our newspapers. They will certainly become collector’s items in years to come as we grapple with how the pandemic played out and how we reacted to it.

Flat vacancies continue to increase as more tenants move back home or buy their own properties. PICTURE: KIRK AND MIMI

Looking back at the stories – even with a mere seven months between the start and now – leaves one tender to see and hear how people adapted as history played out.

When lockdown hit and we changed our Property360 Suburb features to a Lockdown In feature showcasing ordinary people from all areas and the impact it was having on them, people rallied to help the more affected communities.

Today I want to salute all of you for having survived seven months of the anti-Covid-19 strategies. You have been through a lot and have shown the resilience and fortitude we as humans are born with.

Our pages this week tell us that we have some tough times ahead still in the property world, but the past few months have shown us what we are capable of surviving – and doing that while showing humanity to each other.

Here’s wishing you fortitude for the road ahead.

Warm regards

D

EMAND for rental flats is plummeting in South Africa and landlords who are fortunate enough to find tenants will probably have to drop their rents.

The bleak reality for this sector of the property market is not only a result of weak tenant finances, but also an oversupply of rental properties, as well as an increase in the number of tenants opting to take advantage of the current low interest rates to buy their own homes.

Flat vacancy rates reached 11% in the third quarter of 2020, a climb from the 7% in the second quarter, according to data from Rode & Associates. The Q3 figure for 2019 was 6%.

Also, figures from Stats SA show that rental growth in Q2 of this year slowed to 2.8%.

In the Q3 Rode’s Report on the State of the Property Market, Erwin Rode says rents are “heading south” due to the oversupply of flats linked to “huge increases” in new rental stock in 2018 and last year, and weakening demand from tenants who have been hard hit financially. Rising vacancies are being seen in all major cities, with the rates in double digits.

Durban (19.1%) and Cape Town (16.7%) are the worst off.

“We warned about the prospect of further rising vacancies in the previous Rode Report as tenants opt for more affordable apartments or move in with family and friends to cut costs.

Job losses are at record highs and many South Africans have also experienced salary cuts.”

He adds that some “financially sound” tenants have opted to buy their own flats or houses as the sharp decline in interest rates makes the monthly cost of owning versus renting “now closer to equilibrium”.

In Cape Town, the market is “flooded”

Vivian Warby vivian.warby@inl.co.za

AFRICAN NEWS AGENCY

with vacant properties, says Mic Brand of Dogon Group Rentals. The city is not getting its usual influx of foreign visitors and many owners are letting their properties on a longterm basis until tourism picks up.

“The pandemic has meant some companies could not afford full salaries and employees took a salary cut to keep their jobs. The troublesome UIF claiming system is not helping matters. This means tenants are requesting rent reductions.

“For some landlords this is possible, but if you have a heavily bonded property, plus the need to pay rates, taxes and levies, a rent reduction is not always financially viable and the tenant then cancels the lease and moves out.”

Brand says tenants unable to downsize any further have been forced to move in with family and friends.

The increase in apartment vacancy rates has been seen throughout the country by the Rawson Property Group, but national rental manager Jacqui Savage has noted an increase in sales in the lower price brackets over the past three months.

“With the interest rates being at such a low, we have noticed that our tenants in the R7 000 to R11 000 rental range are now taking advantage of these rates and buying homes rather than paying off someone else’s bond.”

The group’s regional sales manager, Craig Mott, says more than 70% of its current buyers are first-timers.

“They are starting off small and affordability is their main priority. We find that those with steady employment and a good financial track record are taking up properties that they can afford and banks are

eager to offer them finance.”

Savage says the trend of moving in with family and sharing living costs is also being seen but that this was happening pre-Covid, due to the high cost of living.

Mott agrees: “The multi-generational living trend was in existence way before Covid-19 hit. In some cultures, this was a standard procedure, but due to the economic challenges over the past few years and high unemployment rates, we saw more people moving in with family as it made financial sense to combine resources and share living costs.”

This increase in multi-generational living is being seen throughout the country, agrees Adrian Goslett, chief executive of Re/Max of Southern Africa.

“This means demand for stand-alone rental properties is shrinking and the demand for properties with semi-detached flatlets is on the rise.”

And, as pandemic restrictions ease and the country enters the post-lockdown period, he predicts that the trend to multi-generational living will continue.

Citing preliminary data from the Deeds Office obtained by FNB, Rode says there has been a strong increase in transaction volumes by buyers under 35.

This age group forms the core of tenants in the country.

The good news for the oversupplied flat rental market though is that the number of new completed rental units has “declined considerably” since the Q2 of 2019.

“Developers are also planning to build less,” Rode says.

DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright ANA Publishing. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from ANA Publishing. The publishers are not responsible for any unsolicited material.

Publisher Vasantha Angamuthu vasantha@africannewsagency Executive Editor Property Vivian Warby vivian.warby@inl.co.za Features Editor Property Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za To advertise here: margi.marsland@inl.co.za; shevon.philander@inl.co.za

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Homeowners might need to stretch their money further so they can make their bond repayments.

PICTURE: TUMISU

Draw up a budget and stick to it

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In times of financial stress, it is vital to make savings where you can so as not to default on essential payments such as your bond, medical aid and insurance cover

BY BONNY FOURIE bronwyn.fourie@inl.co.za

TIMES are tough for most South Africans as they tackle a weak economy and lockdown-related salary pressures but many homeowners are particularly stressed as they struggle with their bond repayments.

Although tenants find it difficult to move when they cannot afford their rent, life is even tougher for those who can no longer afford their bond repayments.

Before approaching their banks for help, homeowners should look at their monthly income and expenditure to see if they free up some money to repay their bonds.

Bongiwe Gangeni, deputy chief executive of Absa Retail and Business Banking, and financial advisers at Capitec Bank, offer some useful advice.

financial responsibility and informed decisions.”

KNOW WHERE YOUR MONEY IS GOING Creating a budget that reflects daily, weekly, monthly and annual expenses is an essential guide as to what you can afford. Often consumers fall into the trap of spending, hoping to have enough money to get by during the month, only to discover that they don’t, Gangeni says.

“This puts a consumer at risk of a ‘quicksand’ process in which each month they fall further behind in payments and this gains momentum until they evolve into a downward spiral. The solution then is either to sell assets or take on more expensive debt which snowballs into further trouble.”

She says a budget creates the confidence that you will be able to honour your monthly commitments. It also highlights waste – those things that do not add value, joy or create future benefits.

“Doing a budget forces a consumer to choose between wants, needs, affordability. It engenders

HOW TO SPOT WASTEFUL EXPENSES Your first consideration should be to allocate your income to the things you need, then to items or activities you want. Go as far down the list as you can afford to, Gangeni says.

Importantly, remember to provide for emergencies – ideally a three-tosix month buffer is advisable.

“With provision for tough times, any adverse impact is likely to be softened and the risk of losing assets (like your house) will be limited.

With interest rates now very low, any excess money should be saved towards your emergency fund.”

It is important to live within your financial means. Luxuries and non-essential expenses can be reduced and this will enable you to save more and stretch your money.

REPAY THE DEBT YOU CAN You should look at your budget and pay off any debt you can, advises Capitec Bank.

“Begin by paying off debt faster; this can reduce the overall interest you pay. Your disposable income will increase once it’s paid off and you’ll have more money to use towards your goals.”

It advises consumers to pay off credit with higher interest rates first, such as store and credit cards which often charge higher interest rates when compared to other loans.

“Prioritise paying off these to maximise your savings and, where possible, move to simpler and more affordable options.”

THE INVESTMENT OPTIONS THAT YOU COULD TEMPORARILY DO WITHOUT OR REDUCE PAYMENTS TOWARDS Gangeni says most recurring investment products have a

“premium holiday” benefit, meaning that you might be able to stop the premium for a few months.

However, in each case, you need to ensure that you fully understand the rules and consequences of this option.

“Contact your financial adviser in order to ensure you have all the details before making a decision which could impact the current or future value of your investments.”

INVESTMENT OPTIONS YOU SHOULD NOT DO WITHOUT Life insurance, short-term insurance policies and medical aid are often the first products that people cancel or reduce when finding themselves in financial difficulties, Gangeni says. However, consider the long-term impacts as reinstating these products at a later stage may be more expensive. And in the unfortunate event that there is a claim and you don’t have cover, the financial result may have a much bigger impact than the saving on the monthly premium.

“I would advise people to discuss the impact of cancelling any policy with your financial adviser prior to making this decision unilaterally, as there may be other options such as premium holiday benefits,” she says.

CONSIDER BRINGING IN ADDITIONAL INCOME OVER THESE DIFFICULT MONTHS The financial stress of Covid-19 has forced many people to find new ways of earning, even if only temporarily. Those who are still struggling with reduced or no income, can use their skills to provide products or services.

Some ideas include: ◆ Sewing fashionable masks or making other necessary items of clothing. ◆ Providing babysitting and/or

school work assistance to parents who are back in the office but whose children remain at home for medical reasons. ◆ Freelance writing or editing – online content is becoming more popular so look for platforms or publications that could use your skills or experience. ◆ Those with IT or web design skills can use them to create websites for small businesses or entrepreneurs who have now discovered the importance of an online presence. ◆ Look for remote or online work – even international companies offer such opportunities. ◆ Shopping and delivery services for elderly people who do not want to risk their health by going to buy groceries or household items. ◆ Those with teaching experience or particular knowledge sets can consider online tutoring.

Similarly, those with excellent English can teach English online through many reputable service providers. This will, however, take some financial outlay to get a TEFL (teaching English as a foreign language) qualification.

FUTURE-PROOF YOUR INCOME Looking ahead, Capitec says people could consider using monthly savings, once their financial circumstances stabilise, to study further. This could earn them a promotion, the opportunity to apply for a more interesting job or the skills needed to start a side hustle.

The bank adds: “One of the lessons to come out of the pandemic is that savings are important as life can present unexpected situations.

“Build enough savings to cover at least three months’ expenses.

This protects you from dipping back into debt each time there is an unexpected expense.”

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& TO RENT OR BUY – HOW TO DECIDE ASKED

ANSWERED

Property experts answer your questions, from whether it makes more sense to rent or to buy your home to if it’s advisable to purchase a property with only one income Q: WITH current property market conditions leaning strongly in favour of buyers, would it be better for me to sell my home and then purchase a new one or buy a new one first?

A: There are pros and cons to consider for each option. If you choose to sell first, you’ll have cash in your pocket to buy again and you will have a clear indication as to what you can afford. When you find a new property to buy, you will be able to make an offer that is not subject to selling your property, and most sellers prefer an offer without any encumbrances. However, depending on how long it takes for you to find a new home that fits your specifications, and for the buying process to be completed, you may have rent a temporary home.

If you choose to buy first, you will have a lot more time to look for a property without being under pressure, but you may struggle to find the property you are looking for as stock is tight at the moment. You will also likely have to make an offer on a new property subject to selling your home, which can make you a less favourable buyer.

Selling your property can take time, but if you can secure your new home, you will have somewhere to move into immediately once you do sell. Each option carries risk, so plan carefully when deciding which one is right for you. Be realistic about how much time you need to find a new home, as well as how much time is needed to sell your existing property.

– Anita Griesel, property consultant at Jawitz Properties Durbanville Q: Is it wise to own a home if we are relying on a single income only to make ends meet each month?

A: Those planning to live on a single income need to be realistic about what they can afford and leave plenty breathing room so they never end up in a position where they can no longer afford the repayments on their home loan. Bond repayments change every time the interest rates change so taking on debt to the hilt of what a household can currently afford is seldom a good idea.

Buying is also recommended over renting as this eliminates the possibility of annual rent increases and provides a family with an appreciating asset that can be sold in times of crisis. If the homeowners have an access bond they can treat their home loan as a sort of savings account that can be accessed in case of an emergency. If need be, the property can also be sold and the money can be used to see the owners through the crisis.

On the other hand, those who have suddenly found themselves in this situation will need to reconsider their current living situation

to identify where to cut down on costs or possibly leverage the property to access some much-needed financial relief.

Homeowners might be able to let a room in their home, either on a short-term basis via platforms such as Airbnb or on a long-term basis with the help of a rental agent. If this is not possible, then homeowners may need to downscale. – Adrian Goslett, chief executive of Re/ Max of Southern Africa Q: We are looking to move to KZN possibly and have always loved the South Coast. However, the North Coast seems to be the place to be in the province. Would we be making a huge mistake if we choose the south over the north?

A: The scenic and unspoilt South Coast coastline has arguably some of the best Blue Flag beaches in the country and a solid infrastructure with hospitals, private and public schools, shopping centres and all amenities on hand, as well as a host of outdoor activities.

Home buyers can find considerable value in beautiful apartments and homes with spectacular views which can be acquired at prices ranging from approximately R1.5 million to R3m and upwards.

Despite Covid-19 and the hard lockdown, residential property prices on the KZN South Coast have remained surprisingly resilient, which augurs favourably for medium to longterm capital return on investment.

Due to its value for money, we are seeing an ongoing semigration of buyers from other areas in the province, including the more commercialised and upmarket KZN North Coast, from upcountry and other provinces both inland as well as the Eastern and Western Cape. – Mohammed Amra, Pam Golding Properties Port Shepstone and Margate area principal Q: As a real estate professional, what new technologies are the most important to adopt?

A: The aim of proptech (property technology) initiatives includes using real estate technology to reduce paperwork or make transactions more efficient and faster. And while we have seen the transition starting to take place – with a slight move from traditional real estate into big data in recent years – the pandemic was the real driving force that caused property companies to make dramatic switches overnight.

Remote access has been the most prevalent shift from traditional methods to digital ones.

The construction sector transitioned from physical site walk-throughs to drone tech and even GoPros on hard-hats, while estate agencies have turned to WhatsApp video calls for property viewings and virtual tours. – Richard Gray, chief executive at Harcourts South Africa

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HOME LOANS

Now is the time to find out how much you qualify for as the repo rate is at a record low.

Celestine is always available to take your call and guide you through the process from application through to registration.

She will pre-qualify you for a home loan before you start house hunting.

A pre-approval is very useful when house hunting as it helps the agent narrow down which properties to show you and not waste unnecessary time.

Complete one application and she will apply to all 4 major banks and negotiate the best interest rate on your behalf.

Call her for quick and efficient service Please feel free to contact Celestine at any time on 084 559 1786 | celestine@property360.co.za

www.property360.co.za

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What’s new in KwaZulu-Natal Sunset over Umhlanga.

PICTURE: ANDREW HARVARD

TO ADVERTISE HERE Anne Reddy

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anne.reddy@inl.co.za larissa.marks@inl.co.za w w w. p ro p e r t y 3 6 0 . c o . z a

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AUCTIONS AUCTIONS AUCTIONS AUCTIONS AUCTIONS AUCTIONS AUCTIONS

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WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL YOUR PROPERTY? WANT TO SELL YOUR PROPERTY? WANT TO SELL YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY?

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YOUR YOUR PROPERTY? YOURPROPERTY? PROPERTY?

YOUR DURBAN COMBINED AUCTION 18 NOVEMBER 2020

PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL D OA TR AS O HC UT SO

AUCT-001366

Muhammad | 079 458 4256

Luke | 071 351 8138

Large Industrial Property Close to Dube Tradeport 26 Nyala Road, Canelands, Verulam Extent: ± 2.4128 Ha | Offices and workshops | Platformed yard: ± 22 000 m2 | Surrounded by Blue-chip companies Two options on auction: 1 - Bid to purchase | 2 - Bid to rent

AUCT-001335

OPENING BID: R 8000 PER M2

MA IN RO AD

Virend | 071 383 1735 AUCT-001340

Re-development Potential on Main Road of Verulam 58 Aloe Drive, Verulam Site Extent:± 1.5614 Ha | Vacant occupation | Re-Development opportunity for National Retailer or Blue-Chip Companies | Currently comprises mix use – showroom, office and warehouses etc | Option to Purchase with neighbouring property –Terra Nera Industrial Park, Off the M27 (Jabu Ngcobo Dr), Verulam

Virend | 071 383 1735 AUCT-001334

High Density Durban CBD Retail Investment 395 Dr Pixley Kaseme (West) Street, Durban CBD GLA: ± 620 m² | Gross Annual Income: ± R 2.3 Million | Current lease until 2024 | Quality tenant, going concern with excellent returns | Prime location exposed to mass markets | Situated within busiest trade zone of SA

Virend | 071 383 1735 AUCT-001342

The Concierge Boutique Bungalows Sections 3-8 Bohemian Quarter, 37 Campbell Avenue, Greyville Total GLA: ± 692 m² | Fully operational | 4 x Boutique bungalows | 12 En-suite bedrooms | ± 100 Seater restaurant or Café | ± 50 Seater conference or events venue | Modern and luxury fixtures and fittings | To be sold with all movable assets

Luke | 071 351 8138 AUCT-001345

Versatile Commercial & Industrial Opportunity Harry Gwala Road (Erf 4607), Cato Manor Extent: ± 1 241 m² | Student accommodation potential | 10 Student rooms already built | Approved plans for 44 student rooms | ± 1.5km from UKZN Howard College | Great retail site | Potential for industrial uses | Off-street parking | Basement level offices and parking

KIN GC ETS HW JAN AYO HO HIG FM HW EYE AY RR OA D E N A L ON END BR

UE AVEN HNS ST JO

AUCT-001339

Tom | 083 636 7800 AUCT-001343

Muhammad | 079 458 4256 AUCT-001326

Prime Commercial Building Sections 1 & 2, 1 Simpson Place, Pinetown Section 1 Extent: ± 367 m² | Section 2 Extent: ± 358 m² | 19 Exclusive use parking bays | 150 Metres from Pinecrest Centre | Ideal conversion opportunity | Sold individually or as a combined lot

Muhammad | 079 458 4256 AUCT-001344

Prime Industrial Investment Property 5 Myrtle Road, North Industria, Pinetown Total Extent: ± 2 013 m² | GBA: ± 748 m² | Fully tenanted | Gross Annual Income: ± R531 K | Excellent exposure onto St Johns Avenue | Easy access via the M19 Freeway | Ample on-site parking

Investment Property with National Tenant 329 Sydney Road, Congella, Durban GLA: ± 5 980 m² | Gross Annual Income: ± R3.6 Million | 5 Year lease with a further 5 year renewal | Warehouses, factories, showroom and offices

OPENING BID R2.8 MILLION

2

Virend | 071 383 1735 AUCT-001365

Multi Purpose Retail & Industrial Property in Prime Location Section 3 Meridian Park, 27 Meridian Drive, Umhlanga New Town Centre, Umhlanga Rocks GBA: ± 1 266 m² | Vacant occupation | 61 Parking bays | Helipad | Double volume warehouse / workshop with offices | Prime location for End user

Muhammad | 079 458 4256

Central Westville Office Building 9 Brendon Lane, Westville Extent: ± 2 144 m² | GBA: ± 430 m² | ± 21 Parking bays | Excellent exposure to King Cetshwayo Highway | Easy access from N3 | Partly tenanted | Gross Annual Income: ± R220 K

3

M13 Virend | 071 383 1735 AUCT-001360

Luke | 071 351 8138 AUCT-001230

Blue-Chip Tenanted Investment Building 9 Old Main Road, Kloof Extent: ± 3 690 m² | GLA: ± 1 290 m² | Current Gross Annual Income: ± R 3.1 Million | Prime A-grade offices | Blue-chip tenants - Liberty Group & Rokwil | 70 Parking bays

MA LIB ON GW ED RIV E

1

AUCT-001362

Alan | 082 445 5048 AUCT-001254

± 191 m² Wembley Office 14 Gough Road, Wembley, Pietermaritzburg 9 Offices | Pristine condition | Sought-after area | Great security | ± 191 m² Buildings | ± 64 m² Carport | Includes generator

POSTPONED TO 09 DEC SYDN EY RO AD

Luke | 071 351 8138

Multi-Tenanted A-Grade Commercial Investment 1 Mellis Road, Mellis Court, Rivonia, Sandton Extent: ± 6 020 m² | 3 A-grade commercial buildings | Current Gross Annual Income: ± R 3.2 Million (including recoveries) | Huge upside on current rental | End user opportunity

SHEPSTON E ROAD

POWER OF ATTORNEY

State-of-the-Art Abattoir 6 Abattoir Street, Glencoe, KZN Export registered abattoir | Red Meat - Cattle | High throughput with 500 unit per day capacity | Recently built with modern equipment and an efficient layout

Luke | 071 351 8138

Modern Colonial 9 Bedroom Mansion in Umhlanga 5 Burnham Drive, Umhlanga Rocks Extent: ± 1 343 m² | Prestigious address | 9 En-suite bedrooms | Currently run as a successful Guest House | Easily utilised as a large family home | Swimming pool and roof top Jacuzzi | Large kitchen and dining area | Could be reconfigured into two separate living areas

GREYVILLE RACECOURSE

M2 7-

Virend | 071 383 1735 AUCT-001369

AUCT-001357

Well Located Industrial Property in Clairwood 63 & 65 Bacus Road, Clairwood, Durban Total Extent: ± 1 520 m² | Easy access to the M4 | ± 600 metres from Jacobs Road Off Ramp | Easy vehicular access | ± 760 m² Level yard area | Ideal logistics or container yard

PROPERTY 2

PROPERTY 1

AUCT-001325

R102

Virend | 071 383 1735 AUCT-001363

Vacant Industrial Site Close to Durban Port 20 Industria Street, Clairwood, Durban Extent: ± 1 623 m² | Easy access to N2 Freeway, M4 & M7 Main roads | Situated within busiest industrial zone of SA

CORNUBIA

Fully Let Industrial Park With Re-development Potential Terra Nera Industrial Park, Off the M27 (Jabu Ngcobo Dr), Verulam Extent: ± 2.6929 Ha | Gross Annual Income: ± R1.9 Million | 800 AMPS power supply | Zoned: Light Industry | Re-development opportunity for National Retailer or Blue-Chip companies | Currently comprises mix use – mini workshops, retail, office and warehouse etc | Option to Purchase with neighbouring property – 58 Aloe Drive, Verulam

D S ROA BACU

BALFOUR ROAD

Luke | 071 351 8138 AUCT-001361

Large Prominently Positioned Container Yard Near Durban Harbour 873 South Coast Road, Jacobs Extent ± 9 828 m² | Vacant occupation | Good access | Offices and workshops

M4

PORTFOLIO DISPOSAL

IND US TR IA ST RE ET

PORTFOLIO DISPOSAL

Muhammad | 079 458 4256 AUCT-001367

High Exposure Development Site 1, 2 & 3 Khaled Road (Off Cliffdale Road), Assagay Total Extent: ± 27 367 m² | Zoning: Business Park | High exposure and easy access to N3 and M13 | Ideally situated for high brand exposure and advertising

LYN ROAD Luke | 071 351 8138 AUCT-001368

Investor Opportunity 8 Lyn Road, Ferndale, Randburg Extent: ± 3 175 m² | Currently Builders’ supply depot with storage facilities, retail shop and offices | Good access and road frontage | 5 Year lease with further 5 year renewal | National Blue-Chip tenant | Gross Annual Income: ± R1.3 Million

Luke | 071 351 8138 AUCT-000923

Development Site in Prominent Business Park Erf 2082 Shelly Beach Business Park, Shelly Beach Extent: ± 3.6488 Ha | ± 8 488 m² Usable space | Last remaining site | Motor showroom development opportunity | High exposure site | Blue Chip Business Park

Alan | 082 445 5048

Refurbished Office Unit Section 2 & 17 Cascades Office Park, 21 Cascades Crescent, Pietermaritzburg Extent: Section 2: ± 21 m² | Section 17: ± 250 m² | Vacant occupation | Sold as a combined lot

Auction Date and Time: 18 November 2020 | 11h00 | Auction Venue: The Durban Country Club, Isaiah Ntshangase Road | Terms: R50 000 refundable registration deposit.

Strictly by bank guaranteed cheque or EFT. No cash. FICA Documents are required | Auctioneer: Andrew Miller

DURBAN COMBINED AUCTION 09 DECEMBER 2020 IN LIQUIDATION

AUCT-001378

Muhammad | 079 458 4256 AUCT-001383

Virend | 071 383 1735 AUCT-001392

Exellent Business Opportunity in the Popular Kapenta Bay 5th Avenue, Port Shepstone Consisting of 4 sections measuring ± 1 922 m² | ± 180 Seat restaurant | Offices | Fully operational restaurant & conference facilities | Private lounge | ± 80 Seat conference room | Bar with cold room | ± 250 Seat function & conference rooms | Catering kitchen | Laundry | Off-street take-away | Additional storerooms sold with restaurant | Admin section

Virend | 071 383 1735 AUCT-001399

Upmarket Retail and Office Units in Gateway, Umhlanga Rocks Sections 1, 2 & 205 African Palms, 6 Palm Boulevard, Umhlanga J S Maharaj Property Investments CC (In Liquidation) Masters Ref: D110/2020 Unit 1: ± 65 m² - Ground floor | Unit 2: ± 124 m² - Ground floor | Unit 205: ± 65 m² - Second floor | Vacant Occupation | Ground floor units facing Gateway Boulevard | Designated secure parking bays

AUCT-001382

Muhammad | 079 458 4256

High End Mini Factory Section 22 (Door 26) Micro Park, 26 Crassula Road, Cornubia Extent: ± 143 m² | Mezzanine level | Vehicular Access | 2 Exclusive Use Parking Bays | 24 Hour Security in Complex

AUCT-001381

Muhammad | 079 458 4256 AUCT-001385

Retail Unit in High Trade Zone Section 1 Queens Court, Corner of Margaret Mncadi Avenue & Samora Machel Street, Durban CBD Extent: ± 187 m² | High levels of pedestrian and vehicular traffic | Prime corner unit with excellent exposure | Divided into 2 individual units

Luke | 071 351 8138 AUCT-001386

Neat Offices in Sought after Office Park Section 7 Kingfisher Office Park, 30 Fairways Avenue, Mount Edgecombe Extent: ± 134 m² | Secure offices | Private ablutions | Neat offices with drywall configuration | Ample parking bays | Very popular office park | Sale and 5 year lease back opportunity

DECEASED ESTATE

Muhammad | 079 458 4256 AUCT-001384

4 Bedroom Home 6 Spantou Street, Roodekrans, Johannesburg Extent: ± 1 000 m² | 4 Bedrooms | 3 Bathrooms | Double garage | Swimming pool

NORTHWAY ROAD

Pristine 3 Bedroom Apartment in Umhlanga Rocks Section 7 (Door C7) Salamander, 65 Lagoon Drive, Umhlanga Rocks Extent: ± 127 m² | 3 Bedrooms | 2 Bathrooms | 1 Lock up garage | Secure complex | Walk across to the beach

BUSINESS RESCUE

Tom | 083 636 7800 AUCT-001379

Irrigation and Grazing Farm 46km on the R69 from Vryheid to Louwsburg, KwaZulu-Natal Total Extent: ± 518.6944 Ha | Situated on both sides of the R69 between Vryheid and Louwsburg | Improvements include dwellings, sheds, & irrigation infrastructure | 6 Adjoining portions | Land Uses: Irrigated arable: ± 110 Ha (Center pivots) | Potential Irrigable: ± 90 Ha | Arable land: ± 80 Ha | Grazing Veld: ± 228 Ha | Pecan Nut Orchid: ± 10 Ha

Virend | 071 383 1735

Apartment Overlooking Greyville Racecourse Section 29 Manjee Centre, 320 Dr Yusuf Dadoo (Grey) Street, Greyville Estate Late: Indumati Mehta | Master’s Ref No.: 012242/2020 Unit Extent: ± 162 m² | Vacant occupation | Panoramic views of Greyville Racecourse | 4 Bedrooms (2 En-suite) | Lounge, dining room & fitted kitchen | Separate bathroom | Balcony | 1 Parking bay

DEFAULT SALE

E RIV RL D PEA

ESCENT GLENMORE CR

Luke | 071 351 8138 AUCT-001387

5 Bedroom House with Income Potential 24 Kenneth Kaunda (Northway) Road, Durban North Extent: ± 1 414 m² | Well situated in Durban North off Kenneth Kaunda Drive | Newly built outbuilding with 8 apartments | Staff quarters | Swimming pool | 1.5kms from Varsity College

Luke | 071 351 8138 AUCT-001281

Mansion Situated in an Exclusive Umhlanga Node 11 Pearl Drive, Herrwood Park Umhlanga Extent: ± 1 401 m² | Situated in the Exclusive Herwood Park | High end finishes | Large Swimming pool | Double Storey property on a large stand

Luke | 071 351 8138

Magnificent 5 Bedroom Mansion 19 Burnham Drive, Lower La Lucia Extent: ± 1 403 m² | The Premier street address in Lower La Lucia | 5 En-suite bedrooms plus staff accommodation | A secure guard house Spectacular sea views | Sophisticated finishes | 32 KVA Generator | 10 000L Filtered jojo tank

AUCT-001390

Luke | 071 351 8138 AUCT-001358

Tenanted Industrial & Commercial Park 4 Ivy Road, Pinetown Extent: ± 2 632 m² | Multiple units in this business park | Industrial & commercial units | Income generating property | Good investment and end user opportunity

Luke | 071 351 8138 AUCT-001371

AAA Office Block 7 Bush Shrike Close, Victoria Country Club Estate, Pietermaritzburg GLA ± 1 828 m² | Leases in place | Stunning views | Investment opportunity

Virend | 071 383 1735

Development Land in Cornubia Industrial & Business Estate 31 Papilio Close, Cornubia Site extent: ± 5 400 m² | Flat service land | Frontage to Crassula Road and Crispa Road | Prime location close to King Shaka International Airport | Architectural designs drawn up for a warehouse of ± 2 800 m²

BUSINESS RESCUE

AVENUE ASHFIELD

GROVE FIELD CASSIA

AUCT-001393

Virend | 071 383 1735

25 x Industrial Mini Factories in Hillcrest Sections 2-12, 18, 19, 21-26, 30-32 & 34-36 Fischer Park, Blessing Ninela (Fischer) Road, Hillcrest Combined Extent: ± 9 629 m² | Gross Annual Income: ± R3.9 Million | Mini-factories range from ± 275 m² to ± 800 m²

AUCT-001394

Luke | 071 351 8138 AUCT-001389

Tenanted A-Grade Commercial Investment Section 4 Torino Court, 4 Crooked Lane, Hillcrest Extent: ± 198 m2 | GLA: ± 241 m2 | Income generating investment | A-Grade offices | Located in a secure office complex | Gross Annual Income: ± R519 K | Investment and end user potential

AUCT-001391

Muhammad | 079 458 4256

2 Bedroom Apartment on Durban Beachfront Flat 21 Sahara Sands, 25 Nathaniel Isaacs Crescent, North Beach Extent: ± 77 m² | 2 Bedrooms | 2 En-suite bathrooms | 1 Undercover parking bay | 2nd Floor unit | Walking distance to the beach

AUCT-001380

Muhammad | 079 458 4256

AUCT-001398

Luke | 071 351 8138

Well Positioned Industrial Property Section 14 Maywest Centre, 65 Charles Strachan Road (Off Jan Smuts Highway), Durban Total Extent: ± 495 m² | Mezanine offices & storage | 3 Phase power supply | Easy access from the N3 | Vacant occupation

INSOLVENT ESTATE

Luke | 071 351 8138 AUCT-001396

Fully Tenanted Industrial Park 22 Cassiafield Grove, Springfield Park Extent: ± 1 064 m² | 3 Separate industrial units | Fully tenanted | Located in Springfield Park | Immaculate industrial property | Good investment and end-user opportunity

Luke | 071 351 8138 AUCT-001388

High Quality Offices Section 5 The Summit, 2 Derby Place, Westville Extent: ± 611 m² | Unit 5 | Good quality commercial office | Good investment and end user opportunity

UM HL AN GA RO CK SD RIV E

CR ISP AR OA D

CR ASS ULA

PAP ILIO CLO SE

RO AD

CORNUBIA INDUSTRIAL PARK D ROA IVY

39 TIMAVO DRIVE

Virend | 071 383 1735 AUCT-001397

4 Bedroom House on Upmarket Street of La Lucia 39 Timavo Drive, La Lucia Insolvent Estate: L Roome | Master’s Ref No.: D12/2012 & Insolvent Estate: C B Vermeulen | Master’s Ref No.: D142/2017 Site extent: ± 1 394 m² | 4 Bedrooms | 2 Bathrooms | Lounge, dining room and kitchen | Independent bachelor flat | Double garage | Pool, Koi pond, braai area & large garden

Muhammad | 079 458 4256

3 Industrial Units in Durban North Sections 22, 23 & 24 Kingfisher Park, 45 Marseilles Crescent, Briardene 3 Individual units | Individual Extents: ± 185 m² | Combined Extent: ± 555 m² | Double volume height | Easy access of Queen Nandi Drive

High Trade Retail Property with Multiple Blue-Chip Tenants 112-114 King Shaka (Couper) Street, Stanger Extent: ± 2 043 m² | High trade zone | A number of blue-chip tenants | High exposure onto Couper Street | Good income on the property

Auction Date and Time: 09 December 2020 | 11h00 | Auction Venue: The Durban Country Club, Isaiah Ntshangase Road | Terms: R50 000 refundable registration deposit.

Strictly by bank guaranteed cheque or EFT. FICA Documents are required | Auctioneer: Andrew Miller The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 505, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above properties are subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer.

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ON AUCTION

ONLINE TIMED AUCTION 24 NOVEMBER 2020

AUCT-001395

Luke | 071 351 8138

Newly Renovated Mansion In Cotswold Downs Golf Estate 3 Chipping Camden Close, Cotswold Downs, Hillcrest Site Extent: ± 1 195 m² | Building Extent ± 770 m² | Magnificent views | Situated on the 9th Fairway overlooking lush bush and the 9th Green | Previously the Course Clubhouse | High end finishes | 2.5 Storey property on a large stand | No transfer duty payable

Auction Date and Time: 24 November 2020 | 11h00 | Visit https://auctions.in2assets.co.za to register for this auction | Terms: R25 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

0861 444 769 info@in2assets.com www.in2assets.com

LIVE STUDIO AUCTION 25 NOVEMBER 2020

AUCT-001331

Tom | 083 636 7800 AUCT-001372

± 1 655 Ha Irrigation and Livestock Farm – Nylstroom 40km on R33 from Nylstroom to Vaalwater, then left to Alma, 1km west of Alma, Limpopo Matter: T & I Bouwer Boerdery (Pty) Ltd (In Liquidation) Master’s Reference No.: N000051/2020 Total Extent: ± 1 655 Ha (7 adjoining portions) | ± 348 Ha Irrigated land under centre pivot | ± 250 Ha Arable dryland | ± 1 047 Ha Grazing

Tom | 083 636 7800 AUCT-001373

Large Development Site within Industrial Node Cnr of M57 & Porcelain Ave, Clayville EXT 27 Extent: ± 9.5 Ha | Four portions | Largely vacant land | Improved with admin office |Good access off M57 and in close proximity to R21 and N1 | Prominent street frontage

± 4 Ha Vacant Land in Withok Estates 235 Mans Street, Withok Estates, Brakpan Extent: ± 4 Ha | Vacant flat land | Good access off M57 | Located between Heidelberg and Brakpan

Tom | 083 636 7800

Auction Date and Time: 25 November 2020 | 11h00 | Visit https://auctions.in2assets.co.za to register for this auction | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

LIVE STUDIO AUCTION 26 NOVEMBER 2020

AUCT-001338

In2assets | 0861 444 769 AUCT-001351

In2assets | 0861 444 769

AUCT-001352

In2assets | 0861 444 769

AUCT-001353

In2assets | 0861 444 769

AUCT-001355

In2assets | 0861 444 769 AUCT-001356

In2assets | 0861 444 769

AUCT-001377

In2assets | 0861 444 769 AUCT-001376

In2assets | 0861 444 769

±1 740 Ha Livestock, Game and Irrigation Farm Between East London and Komga, Eastern Cape Including: ±1 680 ha Grazing | ± 60 ha Irrigated arable land | ±12km of River frontage – The Great Kei River | Implement shed, cattle handling facilities, office, staff houses | Hiking, mountain biking, fishing, 4x4 trails Viewing By Appointment

Vacant Plots in Morgans Bay 243 & 244 Pampus Place, Morgans Bay, East London Erf 243 - Extent: ± 709 m² | Erf 244 - Extent: ± 819 m² | Total Combined Extent: ± 1 528 m² | Panoramic views Less then 1km from the beach | Development opportunity | Vacant occupation

Redevelopment Opportunity in Morgans Bay 238 Pampus Place, Morgan’s Bay, East London Estate Late: D.S Mitchley Masters Reference Number: 003452/2019 Extent: ± 776 m² | Renovation opportunity | Situated along the river and offers panoramic views | Less than 1 Km from the beach | Vacant occupation

Vacant Land in Morgans Bay 245 Pampus Place, Morgans Bay, East London Estate Late: D.S Mitchley Masters Reference Number: 003452/2019 Extent: ± 850 m² | Panoramic views | Less than 1 Km from the beach | Vacant occupation

Vacant plot in Katberg Katberg Eco Golf Estate, Eastern Cape Extent: ± 750 m² | Situated in the majestic mountainous area of the Katberg Eco Golf Estate | The estate offers an 18-hole classic country style golf course | Investment opportunity to build a home away from home | Vacant occupation

Sought After Residential Home 45 Ries Avenue, Butterworth, Eastern Cape Extent: ± 1 163 m² | GLA: ± 280 m² | 3 Bedrooms | 1 Bathroom | Lounge, dining room and kitchen | Outside room with single garage | Fully fenced and secure

Vacant Plots in Berlin 6, 10 & 14 Bauer Road, Berlin, Eastern Cape Extent: ± 4 047 m² (each) / ± 16 188 m² (combined) | Residential development opportunity for 17 units per hectare | Vacant occupation

Investment Opportunity 44 Drake Road, Bonnie Doon, East London Extent: ± 1 460 m² | GLA: ± 320 m² | 4 Bedrooms | 3 Bathrooms | Open plan lounge and dining room with kitchen | Double garage | Month to month tenancy

Auction Date & Time: 26 November 2020 | 11h00 | Visit https://auctions.in2assets.co.za to register for this auction | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

ON-SITE AUCTION 01 DECEMBER 2020

Outstanding Grazing Farm 21km South of Normandien on Cundycleigh Pass Road, Normandien, KZN Extent: ± 994 Ha | Winter and Summer grazing | 6 Camps | 1 Registered stock dam | Perennial river that waters each camp | Potential for ± 130 Ha arable dry lands Viewing By Appointment

AUCT-001375

Tom | 083 636 7800

Auction Date & Time: 01 December 2020 | 11h00 | Auction Venue: On-site, Off Collings Pass Road, Normandien, KZN | Terms: R50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. FICA documents are required | Auctioneer: Andrew Miller

VISIT OUR WEBSITE: WWW.IN2ASSETS.COM FOR A DETAILED LISTING OF ALL UPCOMING AUCTIONS OR GO TO: AUCTIONS.IN2ASSETS.CO.ZA TO REGISTER TO BID ONLINE

The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 505, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above properties are subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer.

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AUCTIONS There is a commonly held belief that property auctions are a good place to pick up a bargain because auctioneers often handle sales in execution / property reposessions / liquidations.

Our dedicated auction section allows auctioneers to showcase their properties to buyers looking for these bargains.

THE AUCTION SECTION OF THE PORTAL OFFERS: • Advice to buyers • Auction news • Recommended auctioneers to deal with • Diary of upcoming auctions Contact LEIGH to get your listings visible 074 991 3373 or leigh@property360.co.za

www.property360.co.za

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ESTATE AGENTS A special offer to

Estate Agents during this Lockdown period FOR

ONLY R495PM Excl Vat.

THIS PACKAGE INCLUDES THE FOLLOWING: • Unlimited listings for sale and to let • Unlimited uploads of virtual tours with a Youtube URL • Unlimited access to our showhouse facility • Pay as you go month-to-month advertising • No charge for leads • Branding - your agency logo on each listing to promote your brand • 2 Featured listings each month • Access to the system backend to track your leads

Contact LEIGH to get your listings visible 074 991 3373 or leigh@property360.co.za www.property360.co.za

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What’s new in the

Western Cape

View towards Blouberg from the dolosse on Table Bay Harbour’s breakwater. PICTURE: KIM STONE

TO ADVERTISE HERE Margi Marsland 084 591 9122

margi.marsland@inl.co.za

Shevon Philander 078 422 4925

shevon.philander@inl.co.za

advertising@property360.co.za

w w w. p ro p e r t y 3 6 0 . c o . z a

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Harcourts Maynard Burgoyne Constantiaberg 021 712 0225 | Edgemead 021 558 0000 Pinelands 021 531 3041

SOLE MANDATE

Pinelands

R4 450 000 Pinelands

Entrance hall leads to formal lounge with parquet floors & fireplace. Modern kitchen with electric oven, gas hob, granite top & centre island breakfast bar is open plan to dining room & family room with fireplace. Family room leads to enclosed entertainment room with built in braai & stacking doors to garden. Solar heated swimming pool. 3 double bedrooms (Bics) & 2 bathrooms (mes). Large room offering potential work from home, bedroom or living room. Automated extra length double garage plumbed for washing machine.

Dave Brown C 082 330 4111 E dave.brown@harcourts.co.za

A Must to View!

R4 695 000

3 Beds / 2 Baths / 4 Living / 2 Garages

Entertainer's Delight: Ideal Family Living

Pinelands

SOLE SOLE MANDATE MANDATE

Character And Charm In Convenient Location

3D Virtual Tour Available Now! Open plan lounge/dining room with large bay windows. Spacious kitchen to a large open plan entertainment room.

Wood burning fireplace. Doors to covered patio, pool, Jacuzzi & built in braai. 2 beds downstairs & family bathroom.

Master bedroom upstairs with en-suite & study area. 5 Car garaging plus additional secure parking.

Bonus: Separate entrance flatlet. Secure property with alarm system, beams & electric fence..

Web: WMB9239 Dave Brown C 082 330 4111 E dave.brown@harcourts.co.za

SOLE MANDATE

R 2 995 000 Edgemead

3 Beds/ 1 Bath / 2 Living / 2 Carports

Solid family home plus cottage. Light & sunny, it is ideally positioned for easy access to Cannons Creek, Pinelands Islamic Centre & High School. Well laid out with good living area flow, offering much scope for renovation. 3 bedrooms, 1 bathroom & parquet flooring throughout. Bonus: Self-contained cottage with kitchen, bedroom & bathroom. Double carport & off street parking.

3 Beds / 2 Baths / 4 Living / 5 Garages

Web: WMB8685

DUAL MANDATE

R 2 895 000 Edgemead

3 Beds/ 3 Baths / 2 Living / 1 Garage

Spacious Family Home in Cul-de-Sac

This four bedroom home offers 3 bathrooms, open plan lounge/dining room and spacious family room with stacking doors opening up to entertainment/ braai area and sparking swimming pool set in pretty garden. Kitchen opens up to family room with door to entertainment area. Alarm with inside and outside beams, single garage with extra space & parking for three additional cars.

R 2 895 000

5 Beds/ 3 Baths / 3 Living / 1 Garage

Secure Family Home plus Granny Flat

Palisade fence + electric fence + alarm. O/plan kitchen with breakfast counter opens to lounge with air-con & fireplace and dining room leading to braai room & solar heated pool via stacking doors. All bedrooms are tiled, family bathroom & en-suite have baths & showers. Granny flat has kitchen o/plan to living room & double bedroom with full en-suite bathroom. Single garage & laundry.

Karen Moelans C 082 337 7455 E karen.moelans@harcourts.co.za Karen Moelans C 082 337 7455 E karen.moelans@harcourts.co.za Dave Brown C 082 330 4111 E dave.brown@harcourts.co.za Web: WBE7832 Web: WBE7794 Web: WMB8975

Edgemead Separate flat, Office & Study

SOLE MANDATE

SOLE MANDATE

DUAL MANDATE

4 Beds / 3 Baths / 2 Living / 2 Studies

3 Beds / 2 Baths / 1 Living / 1 Garage

2 beds/ 1 Bath / 1 Living / 1 Garage

R 2 580 000 Claremont

266m2 three bedroom home with study and 2 bathrooms. Open plan living and kitchen area, braai, pool and tandem carport for 3 cars. PLUS: granny flat with own entrance and parking area, as well as a spacious work from home office. Currently under renovation, with work that needs completion.

R 2 795 000 Plumstead

3 Bedroom House in Claremont Village

Open plan lounge & dining area opens onto private L-shaped garden, pool and covered braai area. Main bedroom en suite, 2 bedrooms (Bics) family bathroom. Kitchen, plumbed for washing machine & dishwasher, leads to courtyard. Single garage & 1 secure parking

R 1 450 000

Renovated Apartment

Two-bedroom, 81 sqm apartment with built-in cupboards in sought- after Oakdale. Family bath with separate shower & open plan modern kitchen.

Unobstructed views over the Constantia mountains. Close to schools, shops and public transport. 1 garage and parking bay.

Jenny Wyllie C 082 926 6392 E jenny.wyllie@harcourts.co.za Mike Turner C : 073 220 1553 E: mike.turner@harcourts.co.za Karen Moelans C 082 337 7455 E karen.moelans@harcourts.co.za Juan Van Wyk C 083 287 6233 E juan.vanwyk@harcourts.co.za Web: WMB9235 Web: WBE7768 Web: WMB8942

LD

SO

Clovelly Expansive Home "away from it all"

DUAL MANDATE

R3 495 000

6 Beds / 3 Baths / 2 Livings

St James

BY

US

SOLE MANDATE

R6 950 000

4 Beds / 4 Baths / 3 Living / 2 Garages

In the Heart of St James with Garages & Flatlet!.

This tranquil 6 bedroom house does not have a neighbour nearby, is high up the mountainside and set on 3 floors. The mid-level has open plan living /dining With superb sea views this character home, situated close to beaches and area along with comfortable rustic kitchen, two bedrooms & bathroom. Downstairs is main bedroom en suite and upstairs are 3 bedrooms with family bathroom. trendy Kalk Bay, has Lounge, Dining room, TV lounge, Designer kitchen & 3 large en suite bedrooms with ample bics. Bonus is one bed flatlet and 2 lock It is approx..7 min to Clovelly Golf course & 10 min to Wetlands Nature Reserve. up garages plus parking bays. Fully alarmed and secure.

Tony Cashel C 082 729 4180 E tony.cashel@harcourts.co.za

Web: WMB8653

Tony Cashel C 082 729 4180 E tony.cashel@harcourts.co.za Web: WMB8637

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breaking ground Feb 2022

NOW SELLING 40% sold in two weeks

SCAN FOR A VIRTUAL WALKTHROUGH OF THE STUDIO APARTMENT

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CAMPS BAY

2 0 2 0

R49 500 000

CAMPS BAY

R39 950 000

CAMPS BAY

R25 995 000

BRAND NEW WORLD-CLASS VILLA

EXTRAORDINARY HOME IN DEEP GLEN

BREATHTAKING UNOBSTRUCTED SEA VIEWS

Be blown away by this sleek modern villa. Four luxurious ensuite bedrooms, direct left access from 6 car garage. Spectacular views, state of the art finishes throughout. PLUS separate self contained guest suite.

This exclusive home in prestigious Deep Glen, is luxuriously appointed with bespoke designer fittings throughout. Gourmet open plan kitchen, spacious dining room and living rooms with floor to ceiling glass doors, all opening to an expansive wrap-around outdoor terrace with a fire pit overlooking the magical Glen forest.

Price includes VAT - NO TRANSFER DUTY PAYABLE. Ignite your passion from this exquisite 3 bed en-suite luxury apartment in an exclusive security complex with private gymnasium. Direct access from secure parking for 2 cars and a storeroom.

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 Ref: RXAU-3973 RE/MAX LIVING: 021 423 4488

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 Ref: RXAU-4004 RE/MAX LIVING: 021 423 4488

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-4011

BAKOVEN

CAMPS BAY

CAMPS BAY

R 18 950 000

R17 950 000

R9 950 000

INCREDIBLE INVESTMENT OPPORTUNITY

DREAM INVESTMENT OPPORTUNITY

UNSURPASSED SEA & MOUNTAIN VIEWS

Enjoy versatile living from this flexible home comprising of two floors of entirely separate and self-contained living. Situated on the seaside of the road in desirable Bakoven, and one row from the water’s edge, this immaculate property offers great investment potential.

Set on 1521sm of prime location with access from both Medburn and Woodford avenues this versatile property presents the ultimate opportunity to create your own private estate with sweeping driveway and large level garden encapsulating 360 degree views of Lions Head, Table Mountain and the incredible Atlantic Ocean.

Front row 3 bedroom townhouse in sought-after complex overlooking spectacular, unobstructed, panoramic views of the entire Camps Bay. The living area flows out to a beautiful entertainment area with a private garden. A lock-up garage plus a covered parking bay included.Rarely available opportunity.

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-4010

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-3995

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488

CAMPS BAY

CAMPS BAY

R4 850 000

R3 750 000

AN IRRESISTIBLE BEACH FRONT APARTMENT

SIMPLY PERFECT

Set on 1521sm of prime location with access from both Medburn and Woodford avenues this versatile property presents the ultimate opportunity to create your own private estate with sweeping driveway and large level garden encapsulating 360 degree views of Lions Head, Table mountain and the incredible Atlantic Ocean.

Move right in and unpack your bags. Gorgeous one bedroom 63sm apartment, beautifully renovated with open-plan kitchen, computer corner, and living area with spectacular sea and mountain views. Beautifully maintained with a secure parking bay.

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-3998

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-3245

SEAN 083 301 9003 ROCHELLE 072 239 4449 sean@teamphillips.co.za rochelle@remaxliving.co.za

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HERE’S WHY RESIDENTIAL PROPERTY MAKES A GREAT INVESTMENT Many people are future-proofing their finances by opting for more flexible investments that adapt to the ebbs and flows of the economy. One of the more popular of these options is buy-to-let property. Here are the top five reasons why.

1. It’s inflation-proof There are a lot of general benefits of investing in property. One of the most important factors is its ability to generate rental income that keeps pace with inflation.

This allows investors to plan a rental portfolio that provides enough income to support them at today’s rates and know that it will continue to support them at the same level in 10, 15 or 50 years.

Your rental income should grow at the same rate (or higher) than inflation, and support the same lifestyle down the line as it does today.

2. It’s self-funding While it may take a few years for a buy-to-let property to become profitable, between bank financing and rental returns it’s entirely possible to fund your investment predominantly with someone else’s cash.

You’re very unlikely to be able to convince someone else to pay your retirement annuity or buy your shares, but you can get a bond for a property, and the rental income can help pay off that bond. That means you can even finance a large portion of your retirement using rental capital – an option that’s simply not available with any other investment type.

3. It’s an accessible nest egg Apart from rental income, properties also appreciate when they’re properly looked after. This capital growth can create a very useful emergency nestegg.

While most investment plans have limits to how much capital you can withdraw, properties can be sold at any time to liquidate their full value.

The sale process may take a few months, depending on the market, but it’s often far more straightforward than accessing capital tied up in other longterm or regulated investments. It’s better, of course, to live off rental income if possible, but having that capital available in an emergency can be a very comforting thing.

4. It leaves a legacy By living off the income generated by a property portfolio without selling the properties themselves, investors can also build a valuable legacy for their families and loved ones.

A good property portfolio can provide financial stability for your heirs, and allows you to ensure your loved ones are taken care of long after you’re gone. It does, however, require some forethought and planning to minimise taxes and duties on the closing of your estate. It’s a good idea to speak to a financial advisor about your options if this is something you’d like to set up. …but remember!

Property makes an excellent investment down the line, but the earlier you get started, the greater the rewards. That said, it’s never too late to start looking into a property portfolio. Just make sure you get sound advice from an experienced real estate expert who understands your particular situation and needs.

For more information, email marketing@rawsonproperties.com.

Visit our website www.rawson.co.za for the latest property market updates and industry news.

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Cape Town South On Show This Weekend

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ADVERTISING PLATFORM We provide a complete advertising solution to reach subscribed property buyers

Access the following advertising platforms under one account: • Property Portal Online Listings • Banner Slots • Featured Agent Slots • Digital Magazine • Newspapers • Cape Community Newspapers • Brand Editorial Content • Social Media Reach • Weekly Newsletter

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