Property360 - National Digital Magazine - 2 July 2021

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PAY I N G B I G PRICES FOR SMALLER OVERSEAS H O M E S PG 3

Although cute and colourful, these semis in Portugal’s capital, Lisbon, are expensive. PICTURE: HUGO SOUSA/UNSPLASH

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Why buying local homes can be lekker With R4 million, South Africans can get a lot of home, depending where they choose to buy BY BONNY FOURIE bronwyn.fourie@inl.co.za

Letter from the editor LOCAL is truly lekker when it comes to getting the most bang for your buck when buying property here compared to overseas.

This week our writer Bonny Fourie went in search of what R4 million could buy you in South Africa compared to property in four other countries overseas popular with locals.

It makes for an interesting read to see just how much more space and amenities we are afforded here – given you have the money to invest in property.

It is certainly square metre for square metre more attractive to buy here.

Unless, of course, you choose to invest in the seaside city of Taranto in Puglia, Italy.

Here the city is selling off abandoned buildings for only one euro. The one strict rule: buyers need to renovate the property within a year of purchase. And you don’t even have to stay in the place – a new clause allows buyers to use the home seasonally or let it as a bed and breakfast if they don’t want to live there full time.

About 50 flats in nine different buildings – in desperate need of renovations – are ready and waiting for buyers, according to the city’s website.

If buyers fail to abide by the rules however, the municipality takes back the home.

Selling abandoned homes in Europe for a symbolic amount to counter population decline in rural towns and villages is nothing new and has been a trend that began in Italy in 2008.

Now places all over the world use this in an attempt to fill up villages abandoned for the city by those of a working age. The one-euro deal is a bid to try keep the villages going and is also seen today in places such as Japan, Switzerland, Spain and Croatia.

Of course, if you have the money and choose to live in a vibrant (certainly not abandoned) place, South Africa, it appears, is still very much a win compared to other spots around the world.

LIKE anywhere else in the world, residential properties in South Africa differ greatly from province to province and area to area.

A home in or near a main metropole will give you less but cost you more than one in an outlying area, with the flip being its convenient location.

Here is what R4 million can buy in three areas in South Africa:

The three-bedroom home in Musgrave, Durban for R3.99m.

KZN – MUSGRAVE, DURBAN Price: R3.99m Bedrooms: 3 bedrooms, 2 bathrooms Size: 550m² External features: Garden, private courtyard from one bedroom, studio

flat, outside room, 2 covered parking spaces and 5 open parking spaces.

Location: Close to DHS school, Musgrave Mosque, the city, commercial areas, malls, restaurants, and entertainment facilities.

Source: RE/MAX Panache

The five-bedroom George home with a price tag of R3.95m.

WESTERN CAPE – DENVER PARK, GEORGE Price: R3.95m Bedrooms: 5 bedrooms, 5.5 bathrooms Size: 1093m²

External features: 3 garages, pool, garden, patio, braai facilities.

Location: In a well-established suburb close to all amenities.

Source: Rawson Property Group

R3.95m could get you this three-bedroom home in Glenvista.

GAUTENG – GLENVISTA, JOHANNESBURG Price: R3.95m Bedrooms: 3 bedrooms, 2 bathrooms Size: 1032m² External features: 2 flatlets, 2 pools

(one indoors), patio, garden, braai, lapa, electric fence, irrigation system, triple garage plus parking for 6 cars, Location: In a boomed-off area close to schools, food and entertainment offerings and sports facilities.

Source: RE/MAX Superior

Warm regards

Vivian Warby vivian.warby@inl.co.za

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 Writer Property Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

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Grass is not always greener - if you even have a garden You can get a lot more for your money when you’re seeking a home in this country.

Overseas property prices can be scary BY BONNY FOURIE bronwyn.fourie@inl.co.za WHEN it comes to property - and what your money can buy you South Africans are in the pound seat. Not only in terms of size, but also amenities and luxury, local properties offer so much more value compared to homes overseas.

No wonder foreigners snap up properties here.

Similarly, South Africans buying property across the ocean, are often disappointed at what they get for their money compared to what they own, or could own, in their home country.

In South Africa, an amount of R4 million could get you a large free-standing home, complete with garden and entertainment area, or a luxury apartment with a sea view. But take that money and spend it on bricks and mortar overseas and you get a lot less bang for your buck.

The weak value of the rand compared to many other currencies makes it easier for foreigners to own homes that are bigger and more luxurious than what they could buy at home.

In addition, house prices in South Africa have remained relatively stable over the years.

To compare, we have looked at properties in some countries popular with South Africans buying property abroad.

And while different areas in these countries will, of course, offer different value for money, it does give a general idea of what hard-earned rand can buy overseas.

Here is what R4 million will get you in four other countries:

BEWARE TAXES AND RESTRICTIONS WHEN BUYING OVERSEAS – SARA CLEMENCE

R3.985m could buy you this three-bedroom villa in Mauritius

MAURITIUS – BLACK RIVER Price: Rs11.99m (R3.985m) Bedrooms: 3 bedrooms, 2 bathrooms Size: Land 321m² External features: Private garden, swimming pool, 2 parking spaces Location: Close to all the daily conveniences: various shops, shopping centres, schools, banks and public transport. Golf, spas, climbing, hiking, mountain biking and a wide range of water activities are easily accessible.

Source: Rawson Properties Mauritius

WHEN making comparisons, it is important to bear in mind that, while parking in South Africa is a necessity, in most overseas countries it is not as important as many people choose to use the reliable public transport on offer over owning their own cars. Higher levels of security in many other countries also mean cars parked on the road are not at the same risk of being broken into or stolen as they are here.

A number of safe public spaces, such as parks and other familyorientated facilities, are often plentiful in suburbs and residential areas, which means that having a garden is not as desirable as it is in South Africa. Many will, however, still desire at least a small private outoor area at home to have the traditional braai.

YOU DON’T have to star in a spy movie to have multiple passports. Buy a house in Malta, Cyprus, Grenada or several other countries with special investment programmes, and you could be eligible for a second citizenship.

But on the flip side, many countries place restrictions on foreign ownership.

In Costa Rica, they can’t own 100% of any beachfront property while, in Mexico, the constitution forbids foreigners from directly owning property in a “restricted zone” that extends 50km inland from the ocean and 100km from any national border.

Regardless of where you buy a home, you’ll be on the hook for extra taxes. Spain levies a 10% sales tax on real estate. Nonresidents buying in Italy have to pay about a 9% tax on the value of the land. On top of that, there can be ongoing property taxes. Although, depending on where you buy, they might be a pleasant surprise.

When you fall hard for a farmhouse in the South of France or a studio with a view in Hong Kong, your long-term thinking is often focused on how much you’ll enjoy it in the years to come. That’s not the wisest approach, experts say.

A lot can change over the years.

A blossoming local economy might double your property value over time. Or, the government might change the local laws – and not in your favour. – Washington Post

Two-bedroom apartment in Maidstone, England.

One-bedroom apartment in Adelaide, Australia.

Two-bedroom apartment in Albufeira, Portugal.

ENGLAND – MAIDSTONE, KENT Price: £210 000 to £220 000 (R4.175m to R4.374m) Bedrooms: 2 bedrooms, 1 bathroom Size: 70.5m², double storey External features: Garden, patio area, on-street parking Location: Well-located near the town centre with a vast choice of shops and restaurants, a cinema complex and supermarkets. Easy access to Maidstone’s three train stations and local bus services. Source: Knight Edmonds

AUSTRALIA – EAST END, ADELAIDE Price: AUS$360 000 to AUS$380 000 (R3.875m to R4.090m) Bedrooms: 1 bedroom, 1 bathroom Size: Building 60m², land 76.52m² External features: 1 garage/underground parking Location: Positioned within the heart of the vibrant East End. Near trendy cafes, restaurants and wine bars, as well as Adelaide universities. Close to Adelaide Oval.

Source: Ray White/www.realestate.com.au

PORTUGAL – VALE DE PARRA, ALBUFEIRA Price: €225 000 (R3.83m) Bedrooms: 2 bedrooms, 2 bathrooms (fully furnished) Size: 104.69m² External features: Communal pool; garden and playground; Storage room and dedicated parking space Location: Close to Gale and Salgados beaches, Guia shopping centre, as well as a cinema, a variety of shops and pharmacies.

Source: www.idealhomesportugal.com

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Estate agents are encouraged to take viewings to the digital arena and limit in-person viewings.

PICTURE: AUGUST DE RICHELIEU / PEXELS

All protocols observed

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HILE estate agents can continue to work in adjusted alert level 4, they have been urged to take the coronavirus, which has already claimed the lives of some estate agents, seriously.

The Real Estate Business Owners Association (Rebosa) urged agents to hold off on show houses, to limit in-person viewings and to observe all Covid-19 protocols during the 14 days that have so far been alloted for the adjusted alert level 4 lockdown.

On Sunday, President Cyril Ramaphosa announced new restrictions, which would be reviewed on July 11, in response to the rising level of Covid-related illnesses and deaths which has thrown the country into its third wave.

Rebosa said it was time to be extra cautious and also urged buyers, sellers and renters who were not happy with how estate agents were carrying out safety protocols to report them to authorities.

This week, Rebosa said real estate was not mentioned as one of the businesses which may not operate during the adjusted lockdown level 4.

This is in contrast to last year when estate agents languished during hard lockdown, unable to operate for over three months. The lockdown last year meant some agents and agencies could not continue to operate when the economy was re-opened. However, those that did survive were blessed with high sales as a pent-up market – fuelled by low interest rates – was ready to buy.

While estate agents are encouraged to continue to operate under the new restrictions, they have been urged to do so in accordance with the strict health and safety measures set out in the sector-

Real estate is allowed to continue to operate in adjusted alert level 4. This is what estate agents should and should not be doing VIVIAN WARBY vivian.warby@inl.co.za specific protocols, which ensure safe and responsible trading, says Tony Clarke, Rebosa chairperson.

“Safety is obviously a major concern and, ever since the start of this pandemic 16 months ago, we have been engaged in continuous discussion around ways to ensure that social distancing and stringent hygiene protocols remain in place during all real estate activities – even more so in the face of infection rate spikes like the one we’re currently facing,” says Clarke.

“Unfortunately, the third wave is growing much faster than our vaccination figures, which means now is not the time to drop our guard.”

In addition to ensuring that all sectorspecific health and safety protocols are in place at all times, Rebosa has the following recommendations in terms of navigating operations amid the current restrictions: S H O W H O U S E S Do not conduct these during the next two weeks – especially in Gauteng which has more than 60% of the new cases, nationally.

D I G I TA L Wherever possible, properties should be shown to potential buyers or tenants via videos or 3D virtual tours, which even allow for showing a specific property to multiple clients at once.

I N - P E R S O N V I E W I N G S Limit these to qualified buyers and tenants as far as possible, thereby ensuring that everyone involved is less exposed.

E X T R A S Agents should never travel in the same vehicle as their clients and should ensure that general safety measures, such as maximum ventilation, social distancing,

proper sanitising and masks, are in place at all times.

C U R F E W Rebosa also recommends that all viewings and other business activities cease by 8pm, to ensure that agents and clients can be at their residences before the 9pm curfew.

P R O P E R T Y A U C T I O N S In terms of the latest regulations, gatherings for auctions will not be permitted until July 11, after which this will be reviewed.

Rebosa recommends individual viewings of properties up for auction be arranged with interested buyers, after which an online auction can be conducted.

M O V I N G H O M E As per the gazetted regulations pertaining to moving residences, tenants and buyers are allowed to travel for this purpose during adjusted alert level 4, including in and out of Gauteng. Rebosa suggests that agents recommend their clients have a copy of their agreement of sale or lease on their person, in case this is requested by authorities.

I N T E R P R O V I N C I A L T R AV E L Travel in and out of Gauteng for any reason other than business, the transportation of goods or to attend funerals is not permitted.

Agents needing to traverse Gauteng provincial borders to get to work or back home will require a permit. This can be obtained by filling in form 7A, which can be found at http://www.thedtic.gov.za/ wp-content/uploads/FORM-71.pdf.

R E M O T E W O R K Agents are encouraged to work from home whenever possible,

minimising in-office exposure. In the event that support staff are needed to work at the office, strict in-office hygiene controls and screening should be observed, while social distancing and mask-wearing should be enforced at all times.

“We now have almost a year and half of concrete evidence that abiding by strict Covid-19 protocols does not affect an agent’s ability to successfully facilitate a property transaction,” Clarke says.

IF AGENTS DON’T FOLLOW P R O T O C O L ”Buyers, sellers, landlords and tenants should make a point of confirming their agents are following best practices and demand better from them if they are not behaving with the professionalism our industry expects.

“Rebosa encourages homeowners to report agents who are not adhering to these critical protocols.

“Agents can be held liable and face consequences which include fines and possible imprisonment.”

Tony Clarke, Rebosa chairperson.

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Covid-19 gave to South Africa was the lowest interest rate in the past 56 years. This has clearly revealed the pent-up demand from our less fortunate citizens to acquire adequate, affordable housing and relief from overcrowded living. It would be tragic to allow this rare window of opportunity to slip away.”

He says high property prices prevent the previously disadvantaged from entering

might have taken out a large loan to purchase the home, you are essentially putting that money back into the property and will probably sell it for more than you bought it for.

It is important to realise, though, your first home might not be your dream home. Start small and work your way up to the house you’ve always wanted.

Property ownership helps develop sound financial management:

Investing in property makes good long-term sense for a number of reasons.

PICTURE: PIXASQUARE PROPERTIES

Handy checklist for buying a home FIRST-TIME buyers should follow the following tips when looking for a home, says Grant Smee, managing director of Only Realty.

Location: Choose an easily accessible area that’s either established or upcoming.

Security: Be mindful of safety and security when making your purchase – this can have a significant impact on the resale value and the experience of living in the home.

Exterior: Spend extra to get a valuer to check your potential purchase. Make sure the plumbing and electrics are working perfectly (internally and externally). They also need to make sure the roof, exterior walls and foundations are intact. Repairs could become very costly.

Interior: Check for sun exposure, suitably sized bedrooms and easily accessible and functional kitchen and bathroom areas.

Parking: Make sure that there is ample parking for guests and covered parking for yourself.

Renewable energy and signal: Solar heating and

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investment in an asset: While you

the property market, which adds to their hardship.

“It also leads to the growth of squatter camps, land invasions, crime and all the ills that accompany poverty.”

High prices had retarded the growth of a huge secondary economic development preventing the majority from becoming proud stakeholders and productive citizens, Kolnik says.

Many first-time buyers now qualify for home loans, thanks to low interest rates. PICTURE: COTTONBRO/PEXELS

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LOW INTEREST RATES A GIFT FOR BUYERS DURING the Covid-19 pandemic, homeowners have been selling properties at around 30% below their market value.

Harold Kolnik, principal of Jawitz Properties South Peninsula, says this, coupled with low interest rates of about 7.5%, opened up a whole new market for sellers to sell to the many first-time buyers who could now afford to buy property.

“The greatest gift that

J U L Y

THE UNPRECEDENTED low cost of borrowing, coupled with the major banks’ appetite to take on low or no-deposit loans, has created an ideal home-buying environment, particularly for first-time buyers.

And home ownership, says Shaun Rademeyer, chief executive of MultiNET Home Loans, makes “good long-term sense”.

This is why: Owning a property is an

The strength of many wealthy people is their ability to budget and save their money.

Owning a house means you are forced to make monthly payments. When it comes to drawing up your budget, make sure that the home loan repayment is one of the top priorities Eventually the good will outweigh the bad: Initially, the capital

outlay for a house may seem excessive, however, as the years go by, the loan will decrease and the appreciation in value will increase.

IT’S NOT JUST THE PRICE YOU HAVE TO WORRY ABOUT

Check for sun exposure when buying your first home. PICTURE: LADY EMILLIA / PEXELS

generators are key purchasing factors for some home buyers.

Be sure to check for signal strength and fibre connections, where possible.

Storage: Make sure there is enough storage space or at least enough space for you to buy a few more drawers and cupboards, if needed.

Kitchen: Check that the appliances work, there’s enough space for your appliances, sufficient storage space and that everything is accessible.

New homeowners need to be aware of a few things that will directly and indirectly affect their finances. RODNAE PRODUCTIONS / PEXELS THE PROCESS of purchasing one’s first home provides a steep learning curve but there are other concerns for first-time buyers, says Adrian Goslett, chief executive of Re/Max of Southern Africa.

These include the deliberations of the national Monetary Policy Committee, which meets every two months to decide on the prevailing repo rate, on which banks base their home loan interest rates.

“Historically, the committee usually adjusts interest rates by around 25 basis points, which means that homeowners’ bond repayments could fluctuate

slightly over time.”

Another aspect of homeownership of which first-time buyers are probably unaware, says Goslett, is the General Valuation (GV) Roll which is used to calculate a household’s municipal rates. The roll is valid for a period of four years and is presented to the public for inspection before any new rates are implemented.

“Homeowners will need to check if they agree with their property’s valuation in the roll, as this will have a direct impact on how much their municipal rates will be.”

First-time buyers should also

be aware of the finance minister’s annual budget speech and listen for any announcements that could affect their income.

“Announcements that would have a direct impact on homeowners include any changes to the transfer duty threshold and capital gains tax, as this will affect the costs of buying and selling property in general.

“Other indirect impacts include changes to the income tax brackets, VAT and other taxes, as this will impact a household’s income which might affect one’s ability to afford the bond instalments,” he says.

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What’s new in the

Western Cape

Kalk Bay, Cape Town, South Africa PICTURE: YUNUS ALEXANDER / UNSPLASH

TO ADVERTISE HERE Leigh Auret 074 991 3373

leigh@property360.co.za

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5 ThInGs real esTaTe aGenTs analyse when valuInG a properTy One of the most critical elements of selling any property is getting the listing price right.

Price too low and sellers lose out on profits. Price too high and the property may not sell at all.

The resounding advice from property experts is to use a professional real estate agent to value your home before settling on a listing price. But what are those agents actually analysing to arrive at the numbers they recommend?

3. The competition Agents have access to extensive amounts of in-depth market and sales information, particularly when they’re part of a major brand like Rawson Properties with award-winning technology and valuation platforms at their disposal.

According to Jacobs, this information is used to assess not only active listings in an area – a property’s direct competition – but also previously sold and unsold listings.

David Jacobs, Gauteng Regional Manager for the Rawson Property Group, explains.

1. The location and its buyers “Every neighbourhood has its own set of micro trends and influences,” says Jacobs.

“These affect how a property will be received by buyers and contribute to its market value.”

While sales statistics form part of this picture, Jacobs says getting inside the mind of local buyers is equally important.

“An agent who works in an area on a daily basis will have hands-on knowledge of what its buyers are looking for, and how these features may affect a property’s value,” he says.

“This isn’t the type of knowledge you can find in databases, and it changes from season to season and year to year, which is why its vital to work with an agent who is active in your area.”

2. The property While virtual valuations are available, Jacobs says the most accurate property price estimates can only be achieved when seeing a home first-hand – preferably with the seller as a tour guide.

“Only someone who has lived in a home really knows all of its pros and cons,” says Jacobs. “That information can make a big difference to a sales price and is very important to share with your valuing agent.”

Jacobs urges sellers to highlight as many positive elements of their property as they can, but also resist the urge to hide their property’s flaws which will need to be disclosed to buyers during the sales process anyway.

“It’s far better to be upfront and take any major issues into account in your pricing strategy than to give buyers a chance to use them against you during negotiations,” he says.

virtual.

“Sold properties are used as a benchmark for successful pricing, while unsold listings are usually a sign of overpricing,” he explains. “Agents will measure the seller’s property against these, as well as active listings, to find a reasonable price range that reflects current market conditions.”

4. The seller’s requirements A property’s listing price doesn’t only need to reflect its market value, however. It also needs to meet a seller’s personal requirements.

“Some sellers need to meet a particular financial target,” says Jacobs, “while others need a quick sale. A good agent will create a pricing strategy to support these goals where possible, and advise sellers if market conditions are unlikely to support the results they need.”

5. The proposed plan of action Marketing strategies can also influence (and be influenced by) a property’s price.

Jacobs says a good agent will make marketing recommendations as part of their valuation services, even including a proposed marketing strategy to show the exposure and service they plan to provide.

“This is a good indication of the value a seller will get for the commission they will be paying,” says Jacobs, “and, together with high-quality valuation documentation, makes for a far more reliable way to select a capable agent than simply going with whoever provides the highest valuation.”

If you are ready to sell, we will help you sell your property – quickly, easily and at the right price. Get in touch with our team of neighbourhood experts for a property valuation or advice on selling your property. Contact us on 021 658 7100, email marketing@rawsonproperties.com.

Looking to sell your home? we’ve got it covered!

Part of our new reality.

We’ve got a range of virtual services that will make selling your home safer and easier.

Virtual Showhouses

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our InTeraCTIve 3D vIrTual Tours: Using HD tech, 3D mapping and beautiful imagery, our virtual tours bring your property to life.These tours allow your buyers the opportunity to tour your home from the comfort of their chairs!

Sell your property the way better way.

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vIrTual showhouses: Using our Rawson 3D virtual tours we can ‘walk’ all interested buyers through your property remotely, making sure that only the most serious, qualified buyers end up stepping through your door.

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A TOUCH OF PARADISE IN THE HEART OF SIMON’S TOWN SITUATED IN THE VERY HEART OF SIMON’S TOWN, THIS LOVELY HOME WITH A SEPARATE PLOT ATTACHED AND VIEWS THAT STRETCH ACROSS THE BAY AND YACHT BASIN IS TUCKED AWAY IN ONE OF THE MOST SOUGHT AFTER AND SHELTERED AREAS AND WITHIN A 10 MINUTE WALK TO THE VILLAGE. THE UPPER LEVEL: 1. STUDY 2. EXTRA LARGE DOUBLE VOLUME LOUNGE, LEADING ONTO ENTERTAINERS DECK 3. DINING ROOM AND KITCHEN THE LOWER LEVEL: 3 BEDROOMS ( 2 EN SUITE) 3 BATHROOMS TWO BEDROOMS WITH DIRECT ACCESS TO GARDEN LARGE SINGLE GARAGE WITH OFF STREET PARKING FOR TWO VEHICLES

ASKING PRICE R7.2 MILLION

VIEWING STRICTLY BY APPOINTMENT ONLY. PLEASE CONTACT SOLE AGENT /

DEBBIE ON 0731402543

PROPERTIES SOLD BY US

Y US B D L SO

THIS FABULOUS PROPERTY , STRAIGHT ACROSS FROM THE WATERS EDGE,SOLD BY US. IT BOASTS: UNOBSTRUCTED VIEWS ACROSS THE BAY 3 BEDROOMS, 3 BATHROOMS, EXTRA LARGE DOUBLE VOLUME LOUNGE, VIEWING PATIO, DOUBLE GARAGE AND OFF STREET PARKING. ASKING PRICE R3.8 MILLION

PROPERTIES SOLD BY US

Y US B D L SO

THIS CHARMING COTTAGE WITH UNINTERRUPTED VIEWS ACROSS THE BAY, 3 BEDROOMS, 3 BATHROOMS EXTRA LARGE LOUNGE AND MODERN KITCHEN / DINING AREA SINGLE GARAGE WITH OFF STREET PARKING FOR 3 VEHICLES. ASKING PRICE R2.5 MILLION

PROPERTIES SOLD BY US

SOLD

BY US

THIS STUNNING PROPERTY, FABULOUS VIEWS, IMMACULATE CONDITION, DOUBLE GARAGE, MODERN FITTED KITCHEN, LOUNGE AND DINING ROOM LEADING ONTO PATIO WITH VIEWS ACROSS THE BAY. 2 BEDROOMS, 2 BATHROOMS.

ASKING PRICE R4 MILLION

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

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What’s new in KwaZulu-Natal

Valley of a Thousand Hills. PICTURE: DAVID EGU

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

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TIMED ONLINE AUCTION

BIDDING OPENS 11H00 ON 13 th OF JULY 2021 and CLOSES 11H00 ON 14 th OF JULY 2021 Bid via our APP: https://bidlive.maskell.co.za Duly Instructed By The Joint Liquidators Of Hennox 768 CC (in Liq.), Master Ref : G1191/2020

LIQUIDATION AUCTION OF ±22HA SMALLHOLDING WITH SMALLSCALE GUMTREE FARMING SITUATED ±8KM NORTH-EAST OF MOOI RIVER

The property has a registered right of 13.10 hectares under plantation with a total stream flow reduction of 6537.00 cubic metres in terms of section 36(1)(a) – (afforestation) of the National Water Act Download our APP “Peter Maskell Auctioneers” – from IOS or the Play Store OR visit https://bidlive.maskell.co.za Contact Danielle 082 801 6827 / 033 397 1190 / danielle@maskell.co.za • R50 000 buyer's card deposit payable by EFT • 10% deposit payable by purchaser on fall of hammer • FICA docs to be provided • Sale is subject to confirmation • “ABOVE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE” (E&OE)

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A G E N T S ’ D I R E C T O R Y

RAWSON PROPERTY GROUP Cape Town Office 021 658 7100

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www.rawson.co.za

DE PLATTEKLOOF LIFESTYLE Cape Town Office 021 814 7000 Email: live@deplattekloof.co.za www.deplattekloof.co.za

COUNTRY & COASTAL PROPERTIES Western Cape Office 082 576 9366 Email: info@countrycoastal.co.za www.countrycoastal.co.za

DOGON GROUP PROPERTIES Atlantic Seaboard Office 021 433 2580 Email: thekings@dogongroup.com www.dogongroup.com

PAPST PROPERTIES Western Cape Office 021 461 3848 Email: margit@papstproperties.co.za www.papstproperties.co.za

KLOOF RETIREMENT VILLAGES Upper Highway - KZN Contact: 073 2100 577 Email: lhan@telkomsa.net www.kloofretirementvillages.co.za

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

IRENE PORTER PROPERTIES Simon’s Town Office 021 786 3947 Email: iporter@yebo.co.za www.ireneporterproperties.co.za

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

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258

WESTCOAST PROPERTY Cape Town Office 072 677 8694

www.dogongroup.com

www.westcoastproperty.co.za

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

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

THE WOODLAND Umhlanga Office 081 281 3960 Email: info@woodland.co.za www.woodland.co.za

debbie.reabow@rawsonproperties.com

southernsuburbs@dogongroup.com

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

Email: kaltoema@westcoastproperty.co.za

www.property360.co.za

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