Property360 - National Digital Magazine - 21 October 2022

PROPERTY

360

SOME OWNERS LOSING THEIR GRIP ON THEIR HOMES PAGE 3

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UPGRADING a kitchen or bathroom could add great value to your home, but focus on small projects that will add more than they cost.

PICTURE: ANETE LUSINA/PEXELS

Selling your home?

Fix these things first Knowing what improvements to make can give you the best return on investments

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

M

ANY homeowners who are either not in a rush to sell their properties or forced to do so because of financial pressure, take the time to get their homes ready so they can get the best price.

And this often means making repairs or renovations before putting them on the market.

Sometimes, though, owners make too many renovations and lose money in the sale. Other times, they spend money on repairing the wrong features and ignoring those that buyers place more importance on.

What to fix Choosing what to fix and what to leave is dependent on the potential value of the property, the repair costs and the seller’s expectation, says Sheriese Potgieter, the sales property practitioner at Just Property Queensburgh.

Her Heidelberg colleague, Carin Howell, adds: “You don’t have to fix everything but it’s worth getting input from your property professional on which defects, when fixed, will help you achieve a higher selling price.”

Many buyers place importance on kitchens and bathrooms, and so experts often advise that these areas should be the focus for any repairs or renovations. After all, whether for their own enjoyment or for resale value, it is always worth considering which improvements will add value to the home, says

Adrian Goslett, the regional director and chief executive of Re/Max of Southern Africa.

“This way, homeowners can ensure that whatever improvements are undertaken are most likely to generate a good return on investment when it’s time to sell the home.”

He notes that upgrading a kitchen or bathroom could add great value to your home, but acknowledges that this could easily become expensive.

Sellers should therefore focus on small projects that will add more than it costs to install.

“For example, you could upgrade the cabinets by painting or staining them to give them a modern look. You could also upgrade the cabinet handles, light fixtures and faucets.

“As cliché as it is to say, it is truly amazing what a fresh coat of paint can do for your home. Just keep in mind that when selling a house, it would be better to keep the colours neutral to appeal to as many buyers as possible.”

Rhoda Dangazele, of Just Property Berea, agrees that the kitchen is the main area that will allow for a higher return on your home, “so make sure that it is in great condition”.

Nico Howell, of Just Property Heidelberg, warns, however, that while you might prefer to leave all defects as they are and rather drop your asking price, you don’t want defects to put potential purchasers

off. He has seen keen buyers back away from a leaking roof, damp, mould and mildew in the bathroom, unmatched or cracked tiles, and flaking shower ceilings.

“Sort out problems like these, or at least get quotes from specialists, handymen or builders.”

Be smart about what you choose to repair When it comes to performing major remodelling or home improvement projects, Grahame Diedericks, the manager principal for Lew Geffen Sotheby’s International Realty, says statistics show that you’re unlikely to recoup the costs, so careful consideration is needed.

“If you’ve owned your home for five years or longer, or if you’ve been putting off maintenance tasks that you know needed doing, you may have a fair amount of work to do, but not all repairs are equal in this instance.

“And, with the costs of materials at an all-time high, you can’t afford to make mistakes at this juncture if you hope to realise the biggest possible return on the sale of what is probably your largest asset.”

If you plan on selling, make a list of all the significant repairs you think are required and if you aren’t sure which are critical, it would be wise to hire a home inspector who can prepare a report listing the necessary repairs, especially those that you would be required to disclose to potential buyers.

Once you have your list, Diedericks suggests you divide the repairs into three categories: l Minor and relatively inexpensive repairs that can easily be done before buyers come to view the

property, include landscaping, cleaning/repair of gutters or a fresh coat of paint. l Major issues that you’ll either have to fix or otherwise disclose to buyers are those such as water and electrical systems, structural problems, wooddestroying insects or hazardous materials such as asbestos. l Some problems from either of the lists can have the greatest potential to become deal breakers that deter potential buyers. These could include a cracked foundation, extensive termite damage or an ageing roof that needs replacing – and this is the list you ultimately want to focus on.

“What you add to the final list largely depends on your goals and the prevailing local market. Does a quick sale take precedence over maximum profit or is your main goal a high selling price?

“Ask your agent if they have noticed any issues that potential buyers are consistently walking away from and ask them to help you determine which repairs will strike the balance in between.”

Affordable overhauls There are many low-cost improvements that will also help sell your home, says Margaret Msimango, of Just Property Pretoria North “Curb appeal is extremely important – those first impressions last. It’s important to present a neat road frontage and entrance.”

Most purchasers are looking for a well-maintained property,” agrees Dumisani Sibisi, of Just Property Queensburgh.

“Yard cleaning and general tidying inside can assist in getting

the results sooner, as can sensible paint touch-ups.”

Dangazele echoes this: “A fresh coat of paint for dirty and untidy walls will do wonders to assist with selling a home or apartment.

Declutter living areas, bedrooms and kitchens and stage the home so it has a neat but ‘lived-in’ feel.

Outside, make sure the garden and driveway look appealing.”

Apart from these tried-and-true tricks, Goslett says there are other ways to increase the resale value of a home.

“For example, you would be surprised how simply installing a new outlet can declutter and modernise your home, especially if you install wall outlets equipped with built-in ports that are ready to plug your USB cables into.

“LED lighting can also have an impact on a home’s value because of its durability and low-energy consumption – not to mention that it can be used as trendy décor to light up cabinets and recessed corners in the home.”

He also suggests that homeowners think about heating and cooling solutions.

“Everyone knows that South African summers can be sweltering, but installing air conditioning can be expensive. Those without the budget could add ceiling fans, which are an appealing addition to any home. Not only will they help keep a room cool, but they also add a nice decorative touch to the space which can make the home more appealing to future buyers.

“Installing a wood-burning stove or fireplace to warm the home in our icy winters can also increase the resale value of the home.”

You could also add insulation.

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Keep an eye on bigger picture, owners urged as pressure mounts

A spike in inflation and the subsequent repo rate hikes have made it difficult for cash-strapped consumers to afford their bond repayments BY BONNY FOURIE bronwyn.fourie@inl.co.za

ALMOST 20% of sellers can no longer afford to keep their homes.

PICTURE: KINDEL MEDIA/PEXELS

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SIGNIFICANT percentage of homeowners are being forced to sell their homes due to money struggles – and not only those who own properties at the affordable end of the market but also those at the upper end.

In the first three months of 2022, an estimated 20% of homeowners were selling in order to downscale as a result of financial problems.

Fast forward to the third quarter of this year – July to September – and 19% of homeowners are selling because of the pressure, states the latest FNB Property Barometer; 30% of them own properties valued at less than R750 000, and 11% own properties valued at more than R3.6 million.

This reason for selling remains the second-most common, the first being downscaling due to life stage.

“Sales due to financial pressure are still elevated at an estimated 19% of the market,” says FNB economist Siphamandla Mkhwanazi.

“However, despite the sharp rise in borrowing costs, these sales remain in line with the 18% long-term average (since Q4 ‘07). By price segments, the survey shows rising pressure in the affordable market, with an estimated 30% of sales likely due to financial pressure.”

The past two repo rate hikes of 0.75% have left many homeowners questioning if they should sell.

Carl Coetzee, the chief executive of BetterBond, says it’s “probably realistic” to expect a period where we will see FIND US HERE: @iolproperty @iolproperty @iolproperty.co.za

lower transaction volumes and dipping house prices. “We also anticipate a bit of segmentation in the market, between the lower end which is dependent upon housing finance, and the upper end where housing equity and wealth play a greater role.”

While it is difficult to predict what the Monetary Policy Committee will decide at its next meeting in November and January, he says some economists have forecast a 0.5% repo rate rise at each of these, and then holding steady after that.

“Sound fiscal policy dictates that interest rates must fluctuate to mitigate inflationary pressures – they can’t remain at the recordlow levels we saw during the pandemic.”

Many factors influence the demand for property and prices, but Samuel Seeff, the chairperson of the Seeff Property Group, says the interest rate and inflation have a “profound impact” on the property market, not just for those with a home loan, but also buyers and sellers. The interest rate has had the biggest impact on the property market over the past 30 months to the benefit of both buyers and sellers.

“It is precisely because of the 30% cut in the interest rate by the Reserve Bank to assist consumers during the height of the Covid-19 pandemic that the property market surged to record-high sales activity.

“While there was always an expectation that the interest rate would be normalised back to the pre-pandemic level once the economy recovers, we have now seen a hastening of this due to a spike in inflation.”

He explains that inflation is the rate at

which the prices of goods and services increase in the economy. Aside from aspects such as basic foods, this would include the price of petrol as well as Eskom electricity and so on.

“The South African Reserve Bank uses two key indicators to determine the interest rate.

The first is the inflation rate, which it aims to keep between 3% and 6%, and the second is the performance of the rand against major international currencies such as the US dollar, euro and pound sterling.

The inflation rate averaged at 4.6% for 2021, but increased rapidly this year for various reasons, mostly external to the South African economy such as the oil price, imported food prices and the Russian War in Ukraine. Inflation spiked to 7.8% in July and declined slightly to 7.6% in August 2022.”

The spike in inflation, Seeff says, pushed the Reserve Bank to accelerate the rate hikes, and it responded with a 75 basis point hike in July and again in September. And chances are that another hike will come after the Reserve Bank’s November meeting.

“Higher interest rates have an affordability effect on buyers in that the cost of home loan finance increases. This means that the home loan repayments will increase for homeowners as well as new buyers.

“It also impacts sellers because lower demand and fewer buyers means that asking prices will be under pressure. Sellers will therefore need to be more careful in terms of how they price their properties.”

Does this mean that homeowners should sell their homes and rent instead, as interest rates climb?

“No,” says Coetzee.

“Buying a home is more than just a financial investment. Having a home of your own provides financial security and affords you the freedom to choose your own lifestyle.

It’s also more rewarding to know that the amount you are paying each month for your home is going towards your own bond, and not someone else’s.”

He adds that the property market has proven to be a resilient asset class, especially during challenging economic times.

“Many expected the market to collapse during the pandemic, but the opposite happened. The record-low interest rates of 2020 helped bolster the property market so that it could withstand financial headwinds.

“The increase in first-time buyer activity during that time was a boon for the residential property market. Much of the buyer activity is now at the middle to upper end of the market, where buyers are less affected by interest rate changes.”

In addition, South Africans can take solace in the fact that the country’s monetary policy is in line with major economies globally, with the European Central Bank, US Federal Reserve, and Bank of England all having raised interest rates by this percentage.

“We are not alone. And we know we must keep inflation in hand, so it is worth having one eye on the bigger picture.

“South Africa responded pre-emptively to global inflationary pressures by starting its interest rate hike in November last year. So we are closer than others to reaching the end of this tightening cycle.”

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.com Executive editor Vivian Warby vivian.warby@inl.co.za Features Writer Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

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PICTURE: RALPH RAVI KAYDEN/UNSPLASH

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PET-FRIENDLY PET-FRIENDLYGARDEN GARDENHOMES HOMES FOR FOR THE THEPRICE PRICEOF OFAAFLAT FLAT The Viognier complex is an exciting new release of 204 ground-floor homes in the established The Viognier complex is an exciting new release of 204 ground-floor homes in the established Aan de Wijnlanden security lifestyle estate in the Stellenbosch Winelands Aan de Wijnlanden security lifestyle estate in the Stellenbosch Winelands

THE DESIGNER Viognier two or three-bedroom homes will have an Access to all the Aan de Wijnlanden Estate facilities gas they use. Groundwater from the estate will be used to irrigate enclosed landscaped and lawned garden, and an enclosed braai Viognier residents will be able to enjoy the 50 hectare estate, landscaped areas on the common property.

DESIGNER two enjoyment or three-bedroom have anincluding Access to all the Aan dewith Wijnlanden Estate facilities gas they use. Groundwater from the estate will be used to irrigate onTHE an open patio, Viognier ideal for the of younghomes and oldwill (and its modern clubhouse its large entertainment area, enclosed landscaped and lawned garden, and an enclosed braai Viognier residents will be able to enjoy the 50 hectare estate, landscaped pets). The solid side-wall boundaries of the homes are designed kiddies’ clubhouse, tennis courts, equipped gymnasium, swimming Competitive levy areas on the common property. on an open patio, ideal for the enjoyment of young and old (and including its modern clubhouse with its large entertainment area, for privacy and safety. The magical Stellenbosch mountain views pool, kilometres of walking trails and a 5ha conservation area.

The competitive levy of only R1 400 a month covers all the costs pets).

The solid side-wall boundaries the comes homeswith are every designed The estate kiddies’already clubhouse, tennis gymnasium, Competitive levy landscaping, estate management as and fresh country air is a priceless assetofthat provide for acourts, 24-hourequipped manned security team,swimming a of security, common property for privacy and safety. The magical Stellenbosch mountain views CCTVpool, kilometres of walking trails and a 5ha conservation area. well as normal The competitive levycosts. of only R1 400 a month covers all the costs home purchase. monitored system and biometric-access control. sectional title and fresh country air is a priceless asset that comes with every The estate already provide for a 24-hour manned security team, a of security, common property landscaping, estate management as home purchase.

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It’s setiswithin minutes of some the access WesterntoCape’s best home from R1 are 595four 000.

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High-end sanitaryware andThe tapware schools and universities. fees. arethe available for sale, enhanced by increased ceiling heights throughout. finishes Somerset West, Strand’s beaches and Cape Town Internationaland transfer starting atLock-up R1 295garages 000, and three-bedroom-two-bathroom and there is anfrom option enclose aluminum are included, the kitchen be fitted a gas-hobofoven. include fittedand kitchens with will granite tops,with a selection floor tiles, Airport. It’s set within minutes of some of the Western Cape’s best home R1to595 000.the Thepatio pricewith includes VAT, a parking bay sliding doors.

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A central fibre network running costs and reduced maintenance in mind.

Energy usage will sliding doors.

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LIQUIDATION AUCTION!!

3 ADJACENT PROPERTIES OF ALMOST 6000m² DEVON, GAUTENG!!

DEVELOPMENT OPPORTUNITY

Surco Investments CC (In Liquidation) Masters’ Ref: T1031/2021

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WEDNESDAY, 2 NOVEMBER 2022 AUCTION OF: ERF 87, 88 & 89, DEVON, REGISTRATION DIVISION IR, GAUTENG

Lot 1: 4 Bedroom House Extent: 1 923m² Improvements: Ÿ 4 bedrooms & 2 bathrooms Ÿ Kitchen & dining room Ÿ Lounge & family room Ÿ Domestic quarters with a toilet Lot 2: Residential property Extent: 1 923m² Lot 3: Vacant land Extent: 1 923m²

LOT 1

LOT 2

LOT 3

Lot 4: Lots 1 - 3 Jointly Auctioneer’s note: Properties, ideal for further development!

WEB22/0064

20% Deposit: Bidders to register & supply proof of identity and residence.

Regulations to Consumer Protection Act: www.vansauctions.co.za Rules of Auction to be viewed at 36 Gemsbok Street, Koedoespoort Industrial, Pretoria.

Tel 086 111 8267 | Auctioneer: Anton Shand

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ON AUCTION!!

HYDROPONIC AND SUGAR CANE FARM; 25KM FROM BALLITO, 9KM FROM STANGER ‑ KZN NORTH COAST FARM ON AUCTION with CONSIDERABLE OPPORTUNITIES AUCTION STARTS WEDNESDAY 2 NOVEMBER FROM 12:00 and ENDS AT 12:00 THURSDAY 3 NOVEMBER 2022

ADDITIONAL INFO: WWW.VANSAUCTIONS.CO.ZA

• • • • • • •

Going Concern ‑ VAT Registered Sale 73Ha Farm Ideal Accessible location Water ‑ River frontage, dam, borehole First time changing owner in more than 100 years (Farmer retiring) 14 Operational hydroponic tunnels + 10 multi‑ span tunnels (structures only) No transfer & Reg costs as Shares Transfer can be done

Movables included in the sale: • • • • •

Main farm house, manager’s house, garages & warehouse Installed hydroponic setup ‑ CCTV online All farming implements Toyota Hilux, Ford tractors, Yamaha quads Business opportunities: Macadamia trees, Hemp/Cannabis

R25,000 refundable registration deposit.

To be offered as a single lot and going concern.

Bidders must register and provide proof of identity and residence.

Rights reserved to add or remove items.

Regulations of the Consumer Protection Act and Auction Rules available at: www.vansauctions.co.za Tel 082 220 1312 | Auctioneer: Paul Holdt

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ON-SITE AUCTION 79 HOUT STREET, CAPE TOWN CENTRAL 1ST NOVEMBER 2022 | 12:00 PM

• Zoned for mixed use.

• In walking distance of local attractions such as the V&A Waterfront and many of the city’s leading restaurants.

• The purchaser is entitled to the transfer of an existing on-site consumption liquor license.

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POSITION AND OPPORTUNITY IN ONE!

HERITAGE BUILDING

EXCELLENT EXPOSURE | UPSIDE POTENTIAL | GLA: ±370m² | ERF: 215m² David Walker | david@rjproperties.co.za | 082 576 9711 Terms & Conditions Auction Registration fee: R50 000 payable prior to the auction via EFT (refundable fee if unsuccessful). Deposit: A deposit of 5% of the Purchase Price payable to the Auctioneer by the purchaser immediately on the fall of the hammer, which amount the purchaser hereby authorises the Auctioneer to pay over to the sellers' attorneys. 10% Commission (excluding VAT): enquire for further information. See terms & conditions.

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TIMED ONLINE AUCTION on the 25 Oct 2022@ 12noon

bidlive.maskell.co.za

Duly instructed by the Curator Bonis, liquidators and Executor in the matters of NDPP vs Jabulani Mkhize, Nhlanhla Nzimande & Others case no.7419/21P; Gigatrans Pty Ltd(In Liq)Ref no. N47/2019/PMB; Zulu Parks and Wildlife Safaris CC(In Liq) Ref.D000813/2021 ; Estate Late Cameron Keith Mackenzie Estate no.

005737/2022; Supa Brick n Tile CC Ref. D000199/2021;

Bidding OPENS on 25 October 2022 @ 12noon & CLOSES from 12noon 27 October 2022

URGENT ON-LINE TIMED AUCTION of

2 x 2021 UD Croner PKE280 Truck C/W A/T ● 2021 Motor trail 13mTri-Axle Flatdeck Heavy spec trailer ● 2021 Retractable Skeletal Trailer - 2005 International 9800 Horse ● 1997 Man 26.282 DFL Diesel Tanker Truck with 1600l tank● 2013 Ford Ranger XLT 4X4 3.2 6 speed P/U D/C ● 2018 Tanker Trailer Manufacturing Interlink tanker Trailer ● 2017 Hyundai Creta CRDI 1.6 Executive ● 2015 V.W Polo TSI 1.2 Comfortline ●1997 Volkswagen Jetta 1.8 CSX●2008 MAN TGM 18.280 BB LWB curtain side truck ● 2017 Nissan Navara 2.3D LE 4X4 A/T P/U D/C ● 2019 VW Caddy ● Terakota stretch wrap machines ● Stainless steel conveyors with reduction gearbox and motor ● Stainless steel tables Shrink wrappers ●12m reefer ● Generator ● 2010 Holac cubing machine ● 1996 H2.0 XM Hyster etc.

View days: 20th and 21st October 2022 from 9am to 3:30pm @ 47 Ohrtmann road PMB

For more info contact 033-397-1190 or email reception@maskell.co.za

BUYER’S CARD DEPOSIT: - R30,000.00 │ STRICTLY BY EFT PAYMENTS ONLY │ FICA TO BE PROVIDED │ “ABOVE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE” “E & O e”

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22 PROPERTIES ON AUCTION - 17 NOVEMBER 2022

VIREND | 071 383 1735

VIREND | 071 383 1735

RETAIL & RESIDENTIAL DEVELOPMENT SITE 272 - 276 Florida Road, Durban Extent: ± 1 032 m² | Bulk: ± 1 545 m² | General commercial zone | Potential for retail, offices & residential | High trade node with huge exposure

INDUSTRIAL WAREHOUSE 12-16 Cordova Close, Briardene Site Extent: ± 8 262 m² | GLA: ± 4 780 m² | Yard Area: ± 2 300 m² | Power Supply: ± 250 AMPS which can be increased to 1000 AMPS | Excellent Height: ± 11.3m to Apex & ± 9m to Eaves | 6 x Roller Shutter Doors Access & 1 Dock Leveller

DEFAULT SALE

DEFAULT SALE

DEFAULT SALE

LUKE | 071 351 8138

PORTFOLIO DISPOSAL: APARTMENT BLOCK CENTRAL DURBAN 61-63 College Lane (Known as Colinton Court), DBN GBA: ± 1 000 m² | Gross Annual Income: ± R264 K | Current Lease until September 2023 | On-going income generating property | Ideal for student accommodation | Can accommodate ± 50 people

VIREND | 071 383 1735

LUKE | 071 351 8138

PORTFOLIO DISPOSAL: RESIDENTIAL APARTMENT BLOCK, DURBAN CBD 76 McArthur Street (Known as Treves Court), DBN GBA: ± 1 200 m² | Gross Annual Income: ±R310 K | Current Lease until September 2023 | On going income generating property | Ideal for student accommodation | Can accommodate ± 50 people

VIREND | 071 383 1735

LUKE | 071 351 8138

PORTFOLIO DISPOSAL: BLOCK OF FLATS IN DURBAN CENTRAL 88 Maud Mfusi (St Georges) Street, Durban CBD GBA: ± 1 136 m² | Gross Annual Income: ±R428 K | Current Lease until September 2023 | 43 Rooms Can accommodate over 120 people| Ideal for student accommodation

LUKE | 071 351 8138

LUKE | 071 351 8138

HUGE EXPOSURE INDUSTRIAL, RETAIL, RESIDENTIAL POTENTIAL Portion 129 of the farm Allandale No 10, Corner Old Pretoria Main Road and Johnnic Boulevard, Halfway House, Gauteng Extent: ± 17 595 m² | Close to Freeway & Gallagher Estate | Great potential in established area

MUHAMMAD | 079 458 4256

RETAIL BUILDING DURBAN 106 Mathews Meyiwa (Stamford Hill) Road, Greyville Site Extent: ± 618 m² | GLA: ± 760 m² | Sold with month to month tenant: monthly rental ± R70K | High exposure | Clean, well maintained retail / showroom floor with mezzanine level offices | Separate delivery & storage access

INDUSTRIAL WAREHOUSE IN QUEENSMEAD INDUSTRIAL 6 Martin Drive, Queensmead Industrial Site Extent: ± 1 867 m² | GLA: ± 1 065 m² | Yard Area: ± 650 m² | Power Supply: ± 300 AMPS | Sold with month to month tenant: monthly rental ± R50K

PROMINENT RETAIL SPACE Section 1 & 2 SS Boundary Corner, Malibongwe Drive, Northriding, Johannesburg Property 1: ± 275 m² | Property 2 : ± 288 m² | End-user opportunity as current tenant will vacate

EXCLUSIVE LARGE PENTHOUSE IN PRESTIGIOUS BUILDING Sections 7 & 11 SS Hertford, 747 Musgrave Road, Morningside, Durban Extent: ± 337 m² (excluding garage) | 4 Bedrooms | 4 Bathrooms | Fully fitted kitchen | Exclusive finishes | ± 65 Triple garage | Stunning city & sea views

PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL

LUKE | 071 351 8138

LUKE | 071 351 8138

WAREHOUSE WITH HIGH POWER 48 Circuit Road, Westmead Extent:± 2 117 m² | GBA: ± 1 386 m² | Currently tenanted Current Annual Income: ± R883 K | Fantastic visibility | Well located along Circuit Road

MULTI-UNIT INDUSTRIAL & RETAIL PARK 3 Brass Link, Richards Bay Extent:± 8 175 m² | GBA: ± 2 800 m² | Currently fully tenanted | Gross Annual Income: ± R2 Million | Multiple units | Additional bulk available | Fantastic visibility | Well located

PORTFOLIO DISPOSAL

DECEASED ESTATE

LUKE | 071 351 8138

TWO MINI-INDUSTRIAL UNITS 56 Dollar Drive, Richards Bay Extent: ± 1 290 m² | GBA: ± 876 m² | Two units: ± 438 m² each | Single freehold property

BRAD | 073 757 9533

RETAIL & COMMERCIAL INVESTMENT 68 Westbourne Road, Richmond Hill, Gqeberha (Port Elizabeth Extent: ± 656 m² | GLA: ± 674 m² | Gross Annual Income: ± R 493K | Zoning: Business 1

MUHAMMAD | 079 458 4256

SEA VIEW APARTMENT MORNINGSIDE, DURBAN Flat 51 Bowhill Lodge, 16 Gordon Road, Windermere Estate Late: Joyce Dorothy Mitchell Masters Reference No: 013986/2022 2 Bedrooms | 2 Bathrooms | 1 Garage | 1 Open parking bay | Sold with vacant occupation

BRAD | 073 757 9533

MEDICAL CENTRE INVESTMENT 88 Westbourne Road, Richmond Hill, Gqeberha (Port Elizabeth) Extent: ±1 500 m² | GLA: ± 1430 m² | Gross Annual Income : ± R1,5 Million | Zoning: Business

LUKE | 071 351 8138

INDUSTRIAL PROPERTY WITH PLATFORMED YARD 114 Alumina Allee, Richards Bay Extent: ± 6 159 m² | GBA: ± 3 582 m² | Gross Annual Income: ± R2.4 Million | ± 5 kms from the Port | Previous Bell equipment facility | Good height | Large yard | Well located

MUHAMMAD | 079 458 4256

HOLIDAY APARTMENT IN ESTUARY RESORT Section 54 Eden Wilds, Old Pont Road, Port Edward Extent: ± 84 m² | 2 Bedrooms | 1 Bathroom | Tenanted | Secure Estate

ALAN | 082 445 5048

MODERN HOME Portion 126 of The Farm Hebron No. 914, Fleetwood, Dargle Road, Dargle Valley, KZN Midlands Extent: ± 11,9351 Ha | Modern Home | 3 Beds with self-contained flat | Well-appointed Kitchen | Off the Grid Solar | Borehole

LUKE | 071 351 8138

INDUSTRIAL WAREHOUSE WITH GOOD HEIGHT 57 Ceramic Curve, Richards Bay Extent: ± 2 000 m² | GBA: ± 600 m² | Two-yard areas | Fantastic condition

MUHAMMAD | 079 458 4256

2 X VACANT SITES IN ISIPINGO 11 & 13 Tecoma Square, Isipingo Hills Extent: ± 465 m² each | ± 750 m from M35 Main Road | 2 Road frontages | Potential for mixed-use development | To be offered individually and combined

LUKE | 071 351 8138

STANDALONE RETAIL BUILDING Erf 247, Northlands Deco Park, Ext. 22, Northriding, Johannesburg Extent: ± 1460m² | GBA: ± 1386m² | Located near the entrance of the park | Secure, freestanding building | Off street parking | Destination retail opportunity

Auction Date & Time: 17 November 2022 | 11h00 | Auction Venue: Mount Edgecombe Country Club, Gate 2, 1 Golf Course Drive, Mount Edgecombe | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

CONTACT US FOR MORE INFO: 0861 444 769 info@in2assets.com 063 500 1652 www.in2assets.com

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. In terms of the POPI Act, our contact details have been stated in this document. By responding to such, you hereby opt in for future marketing communication via email, mobile and WhatsApp. Email optout@in2assets.com to be removed from all future communication.

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Lunar focuses on hybrid solar installatio 19 that are solar ready and off-grid solar so

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PROPERTY

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D Book I R Ea complimentary C T O R Y site visit with Lu WA: 065-043-1382

Mail: hello@lunarsolar.co.za Website: www.lunarsolar.co.za DOGON GROUP PROPERTIES Atlantic Seaboard Office 021 433 2580 thekings@dogongroup.com www.dogongroup.com

RHONDA RAAD PROPERTIES Cape Town Office 082 448 7795 Email: rrpsales@mweb.co.za www.rhondaraadproperties.co.za

SHELLEY RESIDENTIAL KZN Office 082 412 4463 Email: hello@shelley.co.za www.shelley.co.za

DOGON GROUP RENTALS Sea Point Office 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

LUNAR SOLAR INSTALLERS Cape Town Office 065 043 1382 Email: hello@lunarsolar.co.za www.lunarsolar.co.za

SERENITY HILLS ECO ESTATE KZN, South Coast Office 073 142 8292 Email: home@serenityhills.co.za www.serenityhills.co.za

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258 www.dogongroup.com

PETER MASKELL AUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za

WYTHAM ESTATE KENILWORTH, CAPE TOWN 063 707 2886 sales@wytham.estate www.wytham.estate

DOGON GROUP PROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

BALWIN PROPERTIES Ballito Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za

CAPE WINELANDS Nicho 072 601 1772 Hannes 066 476 1890 sales@aandewijnlanden.co.za

southernsuburbs@dogongroup.com

Check out our portfolio of installs on Fa Get Lit With Lunar Solar

www.iolproperty.co.za

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