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If you can possibly afford it, this is the time to enter the property market. PICTURE: ANDREW NEEL

BUY WHAT YOU CAN, NOW When choosing an area in which to buy, make sure you consider all the factors relevant to your decision Q: I AM LOOKING to buy my first property and everyone is advising me to buy in a particular area because it is trendy, upmarket, and property values are increasing. The problem is that I do not like the area and cannot see myself living there. I prefer an older, more middle-class suburb. Should I base my purchase on the best investment and value or where I actually want to live? A: If you are buying to invest and make a profit then buy in the trendy area, and if you want a home to love and live in, go for the middle-class area. – Roger Hoaten, Seeff Berea A: Property buying must always be considered an investment and it is wise to invest in an up-and-coming area. – Debbie Bennett, Prime Estates A: You should base your purchase according to your needs, such as schools, transport and place of work. Older, established suburbs will always attract steady capital growth. – Keith Anderson, Dogon Group Properties Q: I have a stable salary, a great credit record and pre-approval for a small home loan. Should I go ahead and buy what I can for my budget or wait and save some more money until I can buy a slightly bigger home in a better area?

A: The sooner you get into the market the better. Get on to the first rung of the property ladder and work your way upwards as you grow. – Roger Hoaten, Seeff Berea A: Get a foot in the property market as soon as you can – don’t wait as the market is unpredictable. It becomes easier to move up gradually. – Debbie Bennett, Prime Estates A: I would take advantage of the low interest rates at present and not delay the buying process. – Keith Anderson, Dogon Group Properties Q: My partner and I are in our 40s with children and still do not own our home. The home we rent has a big garden and space for our kids and pets. We have been looking to buy for a while but the type of property we can afford cannot offer us the number of bedrooms we need or the space we are used to. What do we do? A: Keep saving or make a compromise in order to own your own home. – Roger Hoaten, Seeff Berea A: Many people never own their own home and are habitual renters. They don’t have to pay rates or maintain the structure, and can spend the extra on their families, so this

option works well for some people. – Debbie Bennett, Prime Estates A: You need to compromise on your requirements, enter the property market and get out of the renting syndrome. – Keith Anderson, sales agent for Dogon Group Properties Q: We are finally ready to buy our first home but have no idea where to start. We are inclined to just go to our own bank and do everything through them as it will be simpler. How much could we really hope to save by going through a mortgage originator and possibly getting a better rate at another bank? What is the difference in the current interest rate being offered and how much would that translate to in the long run? A: Working through a bond originator is a must in order to get the best deal. Originators are skilled in presenting your application and have the advantage of being able to get the banks to compete for your business by soliciting comparable quotes from the various banks. Using an originator has become imperative to get the best deal. – Roger Hoaten, Seeff Berea

A: My advice is definitely to contact a reputable bond originator in your area. The procedure is quick, hassle-free and reliable, and costs you nothing. The originator will guide you in certain areas, and can follow the process, motivating if there are any problems, and will then get you the best interest rate, by negotiating with the different banks. At different times, the various banks’ rates can vary by up to 2%, which can mean a difference of thousands of rand in the long run, or you could shorten your period of repayment. – Debbie Bennett, Prime Estates A: The cost of using a bond originator is nil to you. They will shop your application to various banks and will broker the best interest rate and transaction for you. Interest rates are the lowest in South Africa since the 1970s and I would take advantage of this situation. – Keith Anderson, Dogon Group Properties Q: I am desperate to buy a property but cannot afford anything decent in a decent area. What should I do as I really want to get onto the property ladder but do not want to buy in a dodgy area? A: Buy a smaller property than you would like in a better area or perhaps one that requires some renovation that you could do over time. – Roger Hoaten, Seeff Berea A: You may need to lower your standards and purchase a smaller home, or one needing work, in a better area. You can always enlarge, modernise or improve a property in years to come – which can be a great experience and fun putting your own stamp on it and enhancing the value without over-capitalising. – Debbie Bennett, Prime Estates A: I would suggest buying off plan in a good area to enter the market. Another option is to look at buying a micro-apartment. Microliving apartments are attractively priced for their location, allowing young people to get their foot on the property ladder. – Keith Anderson, Dogon Group Properties


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Buyers snap up bargain properties Letter from the editor

Correctly-priced homes in the Western Cape, Gauteng and KwaZulu-Natal are selling well, despite the economy and the pandemic BY BONNY FOURIE bronwyn.fourie@inl.co.za

IT’S UPLIFTING to hear that real estate is doing well. The three months of hard lockdown, in which the industry was shut down and had to fight to be recognised as essential, hit many hard, with some agencies not surviving. It’s wonderful then to hear of boom times in certain areas and when property is priced right for the market. Some agents are, however, still struggling to make up for the lost three months, and many report property going for 20 to 30 percent below asking price. In some areas this is the muchneeded price correction and it does provide a brilliant opportunity to get into the market. With the lowest interest rates in decades, it means you can get a bigger bond. You’ll also be paying thousands less on the bond of a million plus you’ve had since last year. The property market is full of investors, I heard an agent say, who’ve decided that South Africa is home and who do not have a plan B that means leaving the country. It’s this commitment and belief in the country and also the hope that is engendered by people investing in property that will hopefully see our economy and its people thrive again. May the boom times some agents report spread to more areas and may they last. It’s good for the industry, it’s good for the economy and it’s good for all of us. And may those who have long struggled to get into the property market because of barriers to entry finally find a home to call their own. Warm regards Vivian Warby vivian.warby@inl.co.za

Many areas in South Africa have been experiencing a property sales boom over the past few months. PICTURE: ALEX KAMAPHOSA

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ROPERTY buyers are taking full advantage of current market conditions with data and trends from the three big provinces – the Western Cape, KZN and Gauteng – showing that sales continue to climb as the year winds down. From July to September – following the reopening of the real estate industry in June – there were 72 927property transfers in the country, with the highest number of sales for the year so far being in September (29 030), according to Lightstone data. Almost 175 000 properties were sold in the first 10 months of the year (January to October) and of these three provinces, Gauteng was responsible for most of the sales. The data reveals that January to October saw 64 275 properties sold in Gauteng compared to 35 467 in the Western Cape and 21 227 in KZN. In terms of average property prices, though, the Western Cape leads with an average selling price of R1.44 million. The average selling price in both KZN and Gauteng over this period was R1.23m. There is a property boom in many cities and towns across the country, says Adrian Goslett, chief executive of Re/Max of Southern Africa, predicting that the property market would “continue to see high sales volumes” as many continue to adjust their homes and their lifestyles to suit the post-lockdown world. Forest Village in Eerste River was the Western Cape’s most popular suburb for buyers, with 705 transfers taking place. In Gauteng most buyers in purchased in Soshanguve South, where there were 1 978 transfers. The Western Cape and Gauteng property markets have been experiencing a “marked upswing” over the past few months, says Dogon Group Properties managing director Alexa Horne. Notwithstanding the country’s economic woes, she says the group is still seeing success in the market.

AFRICAN NEWS AGENCY

“The company’s sales for winter 2020 have been our best ever for what is traditionally a quiet time of the year. The property industry is experiencing an uptick at the moment for a variety of reasons and, while the interest rates are so attractive, we expect this to last.” These sentiments are reflected in Lightstone’s figures, which show that September was the best month for Gauteng, with 13 000 sales, and the Western Cape, with 6 802 sales. In both provinces well-priced properties are “selling fast”, Horne says. Citing PropStats data, Susan Watts, broker/ manager of Re/Max Living in Cape Town, says properties within the Atlantic seaboard area are staying on the market for about 120 days. This, however, is in line with last year’s average of 122 days. “Properties over R6m take even longer to sell... The massive increase in stock is obviously the most influential factor. Buyers are spoiled for choice. “Another factor is that buyers are often offering far less than the listing price.” In cases where apartments in the area are taking longer to sell, Dogon sales agent James Curtis says it is normally due to the asking prices being too high for the current market. The average selling price for a sectional title apartment in the area is around R4m, with PropStats data showing that they are selling at an average of 18% below the asking price. Luc Delys, a team leader at Re/Max All Stars in Alberton and Germiston, says properties are taking just under three months to sell in these Gauteng areas. “The average time on market for properties priced up to R1.5m has certainly dropped and in some cases they are taking only days to sell.” Taryn Murphy, franchisee of Rawson Properties Greenstone in Joburg, says sales in the area are “certainly active” with prices ranging from R1m to R9m.

Property price growth is, however, slow, a fact that she attributes to the poor state of the economy. While, initially, Covid-19 caused many listings to be placed in a holding pattern, she says the record low interest rates and motivated lenders have “triggered a flood of potential buyers”. With 925 property transfers, Cornubia was KZN’s best-selling area from January to last month, Lightstone figures show. Seeff Property Group in the province has achieved record sales post lockdown and, according to Roger Hoaten, managing director of Seeff Berea, market demand is sustained. “Clearly, the favourable bond rates continue to impact the market very positively. We see this demand continuing into the new year,” he says. Lightstone figures reveal that the province has seen increasing numbers of property sales since July, with the best sales month being September with 3 692 transfers. In KZN’s Upper Highway area, sales and lets have been “quite steady”, says Debbie Bennett of Prime Estates. Prices, however, are down due to Covid-19 and the tough economy. “Bonds are easy for purchasers to obtain thanks to the low interest rate and this has stimulated sales, especially in the bracket below R2m. As we approach Christmas, sales usually slow down, but the trend may be different this year, with the market still playing catch up.” In Umhlanga, Don Taylor of Rawson Properties in the area, says correctly priced stock shortages are being experienced in the R900 000 to R1.3m range as well as the R1.5m to R2m range. “Buyers still have the perception that sellers are desperate and are submitting offers between 10% and 20% below the list price. The upper market above R5m is still pretty slow and will continue to stay so. Stock in this sector, however, is in abundance.”

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


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People looking to buy a new home should focus on selling their existing property first. PICTURE: FRANCESCA TOSOLINI

Get a good deal for your home in a buyer’s market This is not the greatest time to sell your property, but the experts have plenty of advice on how to achieve the maximum possible price in the shortest possible time. And the first principle is to market it at the ‘right’ price

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

ECIDING to sell your home is almost always a tough decision for property owners and when market conditions are not in your favour, the decision is more difficult. It is still a buyer’s market in South Africa, meaning sellers must accept their homes will be on the market for longer and fetch less. This means listing properties at the right price is central to the success of a sale, estate agents say. But as Capetonian Lance Witten has discovered, finding this “right price” can be complicated. There are also other complexities such as knowing whether to sell or buy first. Witten’s two-bedroom apartment in a small Wynberg Village complex has been on and off the market for about 18 months. He purchased it for the asking price of R1.15 million – which, he says, was his “first mistake”. When he put it on the market, he listed it at R1.3m. Although there was a buyer, she disappeared. “It is not on the market at the moment but I know homes in my complex have recently sold for about R1m to R1.2m.” The property is a freestanding home in a secure, gated complex of 15 homes. “I’ve been toying with listing it again but I am so scared I won’t find anything to buy in time, should it be sold,” Witten says. The right listing price Listing a property at the right price from the outset is the key to selling within the fastest time frame and for the best price, says Alison Robb, a sales agent for Dogon

Group Properties. This requires “specific area knowledge, and an understanding of the conditions surrounding the market”, which an experienced professional who markets homes in the area will be able to assist with. Roger Hoaten of Seeff Berea agrees: “Your agent should be able to justify the valuation you have been given based on similar sales in the area, current market trends and buyers’ preferences.” Knowing how low to go Even so, sellers who have their homes listed for the right price will undoubtedly be offered less by willing buyers which means, says Debbie Bennett of Prime Estates, sellers should always be prepared to consider reasonable offers. “If sensibly priced, a drop of R50 000 to R100 000 can still be expected (in the current market).” Depending on one’s needs and urgency to sell, and especially if there is a shortage of buyers or if the property has been on the market for a while, Robb says sellers should expect to be offered between 10% and 20% below the asking price. “On average, a home priced at around 15% to 20% above its market-related value is much less likely to sell within its first month on the market, compared to a home priced within 10% of its market value. However, if your property is well priced it may even sell for close to or for full asking price.” Hoaten says sellers of wellpriced properties should expect to be offered 10% less than they are asking.

To sell or buy first? Experts advise selling your property first. “I always advise owners to sell first so they know the maximum they can afford for the next property. They will also then be able to strengthen their offer – as they can make an unconditional offer on the next property,” Hoaten says. In a buyer’s market Robb also advises her clients to sell first, especially if they need the equity to finance their new home. “Selling before buying makes the most sense for those who are selling in a buyer’s market as your current home may take a little longer to sell. You can wait for the perfect offer and can negotiate confidently for a top sale price on your current home, and take your time finding the right home.” Echoing this, Bennett says: “Once there is positive interest and a sale, you will be in a far better position to buy and negotiate a good price when you are a cash or ‘cash and bond’ buyer without any suspensive conditions.” With or without an agent? Selling without an agent is possible, but not recommended. “Leave it to the professionals. Selling is quite an involved process and private sales inevitably fall through or incur delays, which can have devastating effects.” Agents have access to a range of tools and skills not available to sellers, Hoaten adds. “They are skilled marketers, negotiators and have the legal knowledge to protect buyers’

and sellers’ interests. They are experienced in dealing with the many pitfalls and risks associated with buying and selling.” However, this does not mean that selling a home privately is a no-go. Robb says going it alone “puts you in charge”. But it does add extra stress and time. “A private sale could give you more control if you are not in a rush but keep in mind that a good estate agent will have his/her own database of buyers and will know the area. “A good agent knows what buyers in area are looking for, and will be able to give you clear advice on how to maximise your property’s appeal before listing. Quick sales happen when a property is priced accurately, marketed well, and exposed to a pool of suitable, serious buyers.” Also many buyers are actively wary of private sales as there is always a risk of complications from substandard paperwork or legally non-compliant processes. “Most buyers willing to risk a private sale are aware that the seller is not paying commission and will often reduce their offer accordingly,” Robb adds. Give your home the best chance of selling Sellers should opt for exclusive mandates as opposed to open mandates, she says. “Properties on an exclusive mandate achieve, on average, a better selling price than those on an open mandate and also typically sell in a shorter period of time.”


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Rental adverts should state whether a property is pet friendly – and any conditions there might be, such as no big dogs. PICTURE: FRANCESCA PEZIBEAR

Make your property appealing to tenants Rental vacancy levels are continuing to rise in these uncertain times. Here, experts offer sound advice to landlords who are finding it difficult to attract or retain renters, including tips on pricing, presentation and welcoming pets

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

To find a place to rent or to let your home, scan this QR code with your phone’s camera:

ORE people are struggling financially and rental property vacancy levels are continuing to rise, leaving landlords under increasing pressure to find tenants. While they might have to resolve to work harder than ever to attract tenants, it helps to know why their properties are losing out to others. “When tenants lose interest in a property, we always ask them to give us a reason,” says Ben Shaw, chief executive of digital property rental agency HouseME. And with data on tens of thousands of users, he has been able to build unique insight into tenant preferences in the rental market. These are some of the main reasons tenants might not choose properties and what landlords can do about it: INCORRECT PRICING Even if property owners have previously found tenants willing to pay their required rent, this does not mean that particular amount is still achievable. A property may be overpriced relative to the current rental market prices. To compete for precious tenants in the current economy many landlords are dropping their rents, and this means that the average rent for a particular property on offer may be lower than it was previously. To remedy the situation, Shaw says landlords should spend 15 minutes researching rents asked of similar properties in their neighbourhood by searching on online marketplaces such as Gumtree. Then they should try lower their rent a little to see if they get more responses from prospective tenants.

“This will have the effect of making your property visible to more tenants because many tenants search within a specific price bracket when they browse properties online... Even if it means slightly less income for you during this lease, it won’t be forever.” Landlords could also be saving themselves the higher costs of their properties standing vacant. UNAPPEALING PHOTOGRAPHS A whopping 96% of tenants indicate that the photos on an advert are the number one factor in their decision to view a property, he says. So, it is worthwhile to use a professional camera – even if you have to borrow one – instead of using a smartphone to snap property shots. “Make sure all your photos are taken in landscape ,and not portrait format, as most property sites are set up to display landscape photos.” Other advice is to: ◆ Always take the photos during daytime, if possible during bright weather. ◆ Make sure you have some snaps of the outside, garden or communal facilities, as greenery and open spaces are often appealing. ◆ For indoor photos, spend a bit of time clearing any clutter. ◆ Have plenty of photos from different angles. This will further pique tenants’ curiosity and increase the number of viewings you’ll get. BE READILY AVAILABLE TO HOST VIEWINGS Shaw says tenants typically look for properties on multiple

marketplaces, and even if they express interest in one property, they are also viewing any number of other properties. In cases where tenants are under time pressure they are more likely to choose a property where the process of viewing and applying moves quickly. Landlords should make sure they are available to host viewings often so their prospective tenants do not need to wait too long to see their properties. “Remember, every day that you make them wait is a chance for them to fall in love with a different home. If you are using an agency, expensive or cumbersome application processes can also be a barrier.” NOT BEING UPFRONT ON PET FRIENDLINESS Pet owners are desperate for pet-friendly properties and will often not bother viewing one unless they know beforehand that their pets are welcome, Shaw says. “Some online marketplaces even allow tenants to filter property listings based on whether pets are allowed or not and they won’t even look at the ads for properties that don’t show up in those search results.” Landlords who do not mind pets living in their properties must mention this on their adverts. If they forget to, they could miss out on many interested tenants. “Even if only some pets are allowed (for example, small dogs but not large dogs), it’s worth mentioning that. Sometimes pet rules are up to the complex your property is in so take the time to find out and adapt your ad

accordingly. “Even if you’re concerned about the damage pets might do to your property, it could still be worth the cost of repairs (some of which may qualify as being for the tenant’s account) at the end of the lease, in exchange for reliable tenants moving in sooner.” INSUFFICIENT PARKING A frequent reason tenants don’t pick an otherwise gorgeous property is a lack of parking and, unfortunately, this is not always within a landlord’s control. Even if a property owner cannot offer covered parking it may be worth asking neighbours in their complex or street if there are any vacant lots for rent. “That way, if a tenant inquires about parking, you can give them some options instead of being forced to turn them away.” PROPERTY DESCRIPTION IS VAGUE OR TOO SHORT Remember, tenants very much judge the book by its cover, and so Shaw says the better landlords describe the property in their adverts, the better. “Include info like what floor it is on and whether it has a balcony, a view, a lift or security. “And describe the neighbourhood: is it close to public transport or shops? In short, you want your description to amply mention anything that cannot be seen on the photos themselves.” He adds: “Properties hat are well-advertised and well-priced fly off the shelves. You’ll know you’re in a good place if you’ve had at least five responses and one to two viewings within the first week.”


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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

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Durban harbour is overlooked by The Bluff. PICTURE: MAGDA EHLERS

What’s new in KwaZulu-Natal TO ADVERTISE HERE Anne Reddy

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Larissa Marks 0 7 6 2 3 1 1 0 8 9 advertising@property360.co.za

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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PRIME ESTATES

OFFI­CE 031 767 1217 www.primeestates.co.za

ON SHOW SUN 2 - 4:30PM

SUE DINNIE 082 491 5822 www.capcubed.com

NEW SOLE MANDATE

HILLCREST R1 695 000

3 BEDROOM GARDEN SIMPLEX IN SECURE ESTATE Modernised townhouse with 3 good-sized bedrooms, 2 bathrooms + guest toilet. Double garage and outside room with toilet & shower. End unit so there is plenty of parking! The living room is light & bright with aircon and a gas fireplace, the fitted kitchen is open plan. The lounge leads out onto a covered entertainment patio and the garden is level. Monitored perimeter electric fencing. Two small pets with permission. Boards from Kassier/Old Main Road robots into Angus Drive. Call AMANDA 079 528 0942 VIEW BY APPOINTMENT

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GREEN MEADOW COUNTRY ESTATE - SECURE RETIREMENT VILLAGE R1,3m - Brand new 1 bed apartment - NO TRANSFER DUTY!! R1,85m - Gorgeous 2 bed apartment with sun-lounge. Each has a well-fitted granite kitchen with UCO & Hob, bath & shower, lockup storeroom, DSTV & Fibre Connections & Carport. The Estate has a beautiful new Clubhouse, library, heated pool and there are fun activities. Call DEBBIE 082 903 2024 • Web: 107621030 & 109284371 ON SHOW SUN 2 - 4:30PM

SOLE MANDATE

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LOOKING FOR SOMETHING DIFFERENT? This unique, spacious family home has huge central living area, 3 double beds, 2 baths, guest loo, granite kitchen, laundry, covered view verandah, double garage,workshop or home office, and sparkling pool. On level, fenced 3486m2 garden with space to build a cottage. Just minutes from Watercrest Mall. Boards from Waterfall Centre to 19 Crestholme Drive. To view call ANN 072 425 9411 • Web: 104781703


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PHONE TO ENQUIRE ABOUT THE BLACK FRIDAY DEALS

NEW DEVELOPMENT - HILLARY

BUY DIRECT FROM THE DEVELOPER NO TRANSFER DUTY - 2 UNITS LEFT TO SELL There are 6 Gorgeous 3 Bedroom Simplexes in a Brand New complex, which is located in a quiet and peaceful suburb. All boasts a modern kitchen with granite tops including an under-counter oven and hob and 3 bedrooms with built-in cupboards. Porcelain tiled throughout. Energy Saving units each with Solar Geyser a Jojo Tank and Energy Efficient lights throughout. It has ample visitor parking available for your guests. It is also very close to amenities including the Main Malvern Shopping Centre.

CONTACT SACHIN ON 072 203 5986 FOR A VIEWING

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Happy families have started moving in

Freestanding 3 bedroom homes from R3 450 000 FEW T S LA THE M FRO ER P O L E DEV You could own a modern Farm Style home in the heart of the economic stronghold Sunshine on your face and grass under your bare feet! This is how you’re supposed to live Your own garden, lock-up double garages and spacious rooms Communal Park and Pool

Call now 081 281 3960

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PROPERTY HIGHLIGHTS

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

DURBAN COMBINED AUCTION 09 DECEMBER 2020 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

DEFAULT SALE

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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 | Mini-factories range from ± 275 m² to ± 800 m² | Gross Annual Income: ± R3.9 Million | Sold individually or as a combined lot

AUCT-001393

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 | Gross Annual Income: ± R4.7 Million (Incl. recoveries)

Virend | 071 383 1735

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 | Exquisite views of Umhlanga and the Indian Ocean

Luke | 071 351 8138 AUCT-001387

Luke | 071 351 8138

IN LIQUIDATION

AUCT-001392

Upmarket Retail and Office Units in Gateway Sections 1, 2 & 205 African Palms, 6 Palm Boulevard, Umhlanga J S Maharaj Property Investments C (In Liquidation) Masters Ref: D110/2020 Unit 1: ± 65 m² - Ground floor | Unit 2: ± 124 m² - Ground floor | Unit 205: ± 158 m² - 2nd Floor

Virend | 071 383 1735

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

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10 FEBRUARY 2021 Contact us today to list your property

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 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?

0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com info@in2assets.com info@in2assets.com info@in2assets.com info@in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.c www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.c www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com THE LEADING PROPERTY SPECIALISTS CONTACT www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www in2assets CONTACT THE LEADING PROPERTY SPECIALISTS co www in2assets CONTACT THE LEADING PROPERTY SPECIALISTS co www in2assets CONTACT THE LEADING PROPERTY SPECIALISTS co ii 22 t com CONTACT THE LEADING PROPERTY SPECIALISTS

YOUR YOUR PROPERTY? YOURPROPERTY? PROPERTY?

DURBAN COMBINED AUCTION 09 DECEMBERYOUR 2020

DEFAULT SALE

AUCT-001281

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-001393

Virend | 071 383 1735

AUCT-001398

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 | Sold individually or as a combined lot

Luke | 071 351 8138

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 | Gross Annual Income: ± R4.7 Million (Including recoveries) | Massive upside on rental

IN LIQUIDATION

AUCT-001378

Muhammad | 079 458 4256 AUCT-001383

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 | Fully furnished | Sold with movables Viewing: Sunday 06 December 2020 from 14h00 to 16h00

Virend | 071 383 1735

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

AUCT-001392

Virend | 071 383 1735

AUCT-001384

Tom | 083 636 7800

Muhammad | 079 458 4256 AUCT-001385

Luke | 071 351 8138

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 retail | Unit 2: ± 124 m² - Ground floor retail | Unit 205: ± 158 m² - Second floor offices | Vacant occupation | Ground floor units facing Gateway Boulevard | Designated secure parking bays

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

DECEASED ESTATE

D

SOL

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 Viewing: Sunday 29 November 2020 from 12h00 to 14h00

ROAD NORTHWAY

URGENT SALE

AUCT-001382

Muhammad | 079 458 4256 AUCT-001381

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

NORTHWAY CENTRE

Luke | 071 351 8138

AUCT-001387

Luke | 071 351 8138

AUCT-001388

Prime Positioned Home with Abundant Accommodation 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

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 | Option for a 3 year lease with Gross Annual Income: ± R243 K

INSOLVENT ESTATE

RIVE RL D PEA

N CHICKEN LICKE

AUCT-001386

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

UM HL AN GA RO CK SD RIV E

AUCT-001379

39 TIMAVO DRIVE

AUCT-001396

Virend | 071 383 1735

AUCT-001397

Muhammad | 079 458 4256

Muhammad | 079 458 4256 AUCT-001391

Luke | 071 351 8138

AUCT-001358

Luke | 071 351 8138

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 | Exquisite views of Umhlanga and the Indian Ocean

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 Viewing: Sunday 06 December 2020 from 13h00 to 15h00

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 | Fully tenanted | Gross Annual Income: ± R526K

BUSINESS RESCUE

AUCT-001394

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

CRA SSU LA

PAP ILIO CLO SE CRI SPA ROA D

ROA D

CORNUBIA INDUSTRIAL PARK

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 Viewing: Sunday 29 November 2020 from 14h00 to 16h00

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

BUSINESS RESCUE

GE BRID GATE TOLL

JAN S MUTS HIGHW AY

AUCT-001371

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

AUCT-001380

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

Muhammad | 079 458 4256

Prime Retail Opportunity Section 14 Maywest Centre, 57 King Cetshwayo (Jan Smuts) Highway, Durban Total Extent: ± 495 m² | Mezanine offices & storage | 3 Phase power supply | Easy access from the N3 | Vacant occupation

M13 AUCT-001399

Muhammad | 079 458 4256 AUCT-001365

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

Muhammad | 079 458 4256

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

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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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 The Cape Wheel at the V&A Waterfront offers spectacular views of Cape Town. 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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CAMPS BAY

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R24 975 000

CAMPS BAY

R22 000 000

CAMPS BAY

R19 995 000

INCOMPARABLE VIEWS

DON’T JUST DREAM ABOUT IT - LIVE IN IT!

STUPENDOUS VIEWS IN SENSATIONAL STRATHMORE

The epitome of classic elegance this magnificent home is built over three levels, with each level maximising spectacular sea and mountain views from ultra spacious wrap around terraces. Enjoy a relaxed ambiance throughout this 4 bed ensuite villa, perfect for stylish entertaining.

Spacious 3 bed luxuriously en-suite apartment. Wrap around terrace, built in bbq & rim-flow pool, 24 hr security, direct lift access from 2 undercover parking. This property attracts VAT of 15% (or can be zero rated) which is excluded from the advertised purchase price (no transfer duty payable).

Be dazzled as you enter this superbly located 4 bedroom, 5.5 bathroom villa, overlooking spectacular, unobstructed sea views. Private guest suite, pyjama lounge, wrap around terraces a wrap around terraces and rim-flow pool, 3 car garage, secure parking for 6 cars.

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-3469

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

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

CAMPS BAY

CAMPS BAY

CAMPS BAY

R 14 950 000

R10 995 000

R9 950 000

IDEAL HOME FOR ALL GENERATIONS

TRANSFORM TO YOUR DREAM HOME

SPECTACULAR SPACIOUS 2 BEDROOM APARTMENT

Luxurious, light-filled 5 bedroom, 3 bathroom home, overlooking glorious mountain views. Wrap around patio, TV lounge, study. Separate guest suite with chair-lift access to living areas, games room. Ideal family home for all generations, and is a must to view.

Located in Prime Location on 756sm. This 3 bedroom 2 bathroom home with beautiful views and endless potential to build your dream house. Walking distance to the beach, ideal for family living, with a large garden allows for easy indoor/ outdoor living. An opportunity not to be missed! 

This exceptional, beautifully renovated apartment is situated in the wind-sheltered Deep Glen, 2 spacious en-suite bedrooms, light-filled living areas with lift access directly from the 2 secure underground parking bays. 24hr security, communal swimming pool.

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

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

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-4009

CAMPS BAY

GREEN POINT

R6 500 000

R3 700 000

SECURITY, VIEWS, INVESTMENT

LUXURY APARTMENT

Beautiful 3 bedroom, 2 bathrooms, lock-up and go duplex in the sought after area of Camps Bay. This property is situated in a well maintained, gated complex with stunning views. Private garden, parking bay, large communal pool in complex.

Beautifully appointed 80sm, 2 bedroom, 2 bathroom northfacing apartment. 2 en-suite bedrooms, open plan Asurelli imported kitchen, Smeg appliances oven and hob. 24 hr security, lift access, secure parking, pet friendly. Perfect lock-up and go lifestyle, to rent out, or live in. Let your investment work for you.

Sean Phillips: 083 301 9003 | Rochelle Serman: 072 239 4449 RE/MAX LIVING: 021 423 4488 Ref: RXAU-3830

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

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


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2020. The year almost everything became uncertain. But your tenant’s rent doesn’t have to be.

Get your rental income guaranteed with HouseME.

HouseME is a digital rental platform that uses technology to make renting easier and more affordable for landlords and tenants.

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Cape Town South On Show This Weekend


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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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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

We also do HOME LOANS A mortgage origination solution to assist your buyers, so send your clients our way and you can advertise your listings on our portal for… FREE Best interest rates from all major banks and speedy approvals Contact us to package the right deal for you help@property360.co.za

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Have you discovered these digital magazines yet? Read our magazines anywhere, anytime and then share it with everyone you know... because it’s free. Click on the magazine you want to read now. To receive all our FREE digital magazines directly to your mailbox, email iol.magazines@inl.co.za with the word Digital. Advertising Sales queries: Charl Reineke charl.reineke@inl.co.za

Profile for ANAPublishing

Property360 - National Digital Magazine - 27 November 2020  

Buying or selling a home is always a big decision with many things to consider. This week’s magazine features expert advice and insight for...

Property360 - National Digital Magazine - 27 November 2020  

Buying or selling a home is always a big decision with many things to consider. This week’s magazine features expert advice and insight for...