Neighbourhood CT - 17 November 2019

Neighbourhood 17 NOVEMBER 2019

PROPERTY & LIFESTYLE

Life-long earning Student accommodation has become a lucrative investment opportunity with new developments incorporating attractive lifestyle amenities and security features, page 8

2

IN THE PINK

yourneighbourhood.co.za

4

PRETTY PARTIES

8

PROPERTY FOCUS: STUDENT ACCOMMODATION

Connecting homeowners with great communities

2

NEWS & LIFESTYLE

17 NOVEMBER 2019

Editor’s exclusive CARLA REDELINGHUYS

In your hood:

Neighbourhood

Countrywide

Rosé Rocks | roserocks.co.za

Think pink!

Add a bit of blush to your summer sipping with these delicious rosé wines from local cellars

A

long with the demise of “anything but chardonnay”, gone are the days of “no way rosé”, with a clutch of superb new rosé-style wines hitting shelves in time for summer. And happily, gone are the days of the “pink-andstickies” dominating the market.

WORDS:RICHARD HOLMES IMAGES: SUPPLIED & SHUTTERSTOCK

“In line with international trends, South African consumers are increasingly choosing drier, paler styles of rosé,” comments Allan Mullins, respected wine critic and chair of the judging panel for the recent Rosé Rocks competition.

“This is reflected in the winning wines.

Without a doubt, South Africa is producing world-class rosé wine now.”

Whether you prefer yours straight from the fridge, or poured over plenty of ice, these five pinks will keep you smiling this summer.

Bon Courage Lady of the House Pinotage Rosé

Family-owned Bon Courage swept the

board at this year’s Novare SA Terroir Awards, winning trophies for Top Terroir Producer and Top Terroir Wine Estate. The Pinotage Rosé celebrates Grandma Maude Bruwer of the first generation Bruwers to farm on Bon Courage. From a young vineyard, the delicate blush and candyfloss notes offer a delicious yet uncomplicated quaffer.

Roodeberg Rosé

Roodeberg may be most famous for their full-bodied reds, but cabernet sauvignon shows its softer side in this salmon-pink rosé. With dominant strawberry notes and crisp acidity, it’s a great pairing for summer sushi platters.

Holden Manz Rosé

Made in a Provencal-style – typically light in colour, but with no shortage of complexity – Holden Manz winemaker Thierry Haberer uses grenache, syrah, cinsault, cabernet sauvignon and cabernet franc to craft this dry fruit-driven stunner.

Waverley Hills Grenache Rosé

From organic vineyards in the Tulbagh valley, this deep-pink rosé picked up a Double Gold medal at the 2019 Rosé Rocks competition (as did the Holden Manz). Made from grenache, look for fynbos and watermelon notes in this easy-drinking good-value gem.

Steenberg 1682 Pinot Noir MCC

Safety in numbers

I

f you’re a student, the last thing you probably want to think about right now is school. Exams are over, holidays have begun and next year is, well, next year’s worry.

But there are still some realities that need to be faced, sooner rather than later – like, for instance, accommodation (we have you covered on page 8). And then, of course, the safety of those options.

Every year hundreds of thousands of students excitedly look for a place to call home while furthering their education. And because you more often than not end up sharing your space with others, who comes in and out of your apartment is beyond your control. This puts your personal possessions at risk.

The solution? Itemised cover to protect your most valued items – laptops, tablets, smartphones, cameras and headphones, which are necessary for studies and campus life.

Prefer your pink with bubbles? This premium méthode cap classique was declared South Africa’s Best Rosé MCC at the 2019 Amorim Cap Classique Challenge. Pale pink with delicate raspberry and strawberry notes atop toasted brioche, it’s a bubbly with bright acidity and a long lingering palate. Set aside a few bottles for festive celebrations.

insurance company that offers singleasset and on-demand insurance through their mobile app (available from the Android or Apple app stores).

Jonathan Walker, CEO, explains that in this day and age where most tertiary education students are digital natives, getting itemised insurance is as easy as downloading an app on your smartphone.

“Insurance is often a grudge purchase, but it does provide peace of mind.

Everyone should be able to protect their valued items. These items are at risk if you don’t know half the people visiting your digs. With our app all you need to do is fill in your details, snap and upload a picture of the item, and select insurance products that fit your lifestyle and wallet.”

It’s really as simple as that.

And it doesn’t have to be a mission, either. Enter Granadilla, a digital

PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING

EDITORIAL TEAM:

ADVERTISING SALES:

Group Editor: Carla Redelinghuys carla@yourneighbourhood.co.za Senior Sub-Editor: Marana Brand Designers: Anja Bramley & Samantha Durand Visit yourneighbourhood.co.za

Call us for advertising opportunities on 087 828 0423 Production (Editorial & Property Advertising): Lucea Goosen capetown@yourneighbourhood.co.za Online coordinator: Chantelle Balsdon chantelle@augmentcreative.com

17 NOVEMBER 2019

Neighbourhood

In your hood:

Klapmuts

The Table at De Meye | 072 696 0530 | thetablerestaurant.co.za

Salad days The Table at De Meye has new owners but the same idyllic, escapist country atmosphere and excellent farm fare WORDS AND IMAGES: KIT HEATHCOCK

T

here aren’t many restaurants where you can relax enough to kick off your shoes, feel the grass underfoot and lie back on a picnic blanket between courses under a canopy of oak leaves, butterflies pirouetting and swallows swooping high overhead.

The Table at De Meye is that place, a hidden gem appreciated by foodies and off-duty chefs for its long lazy lunches of hearty country food made with love.

The news earlier this year that Jess and Luke were moving on sent ripples of alarm around the food community, but true to their promise they have found worthy successors, who are keeping the spirit of The Table alive.

Having visited The Table often it was Leigh Williamson’s dream to run a restaurant like this one day. She was working in recipe development and

her partner Brendan Thorncroft was head chef at George Jardine’s Seven in Somerset West, when they heard the news. “When an opportunity like this comes along you have to grab it,” she says, and since they took over in September they are loving everything about it.

The excitement over the first zucchini flowers of summer and the last of the spring broad beans comes through as Leigh talks us through the first course – a salad of tomatoes, Puglia mozzarella and broad beans in ponzu dressing topped with tempura-fried zucchini flowers and baby salad leaves, accompanied by a bread board laden with Schoon sourdough, olives, roasted and lightly-pickled beetroot and a curried garlic aioli. The provenance of each ingredient is explained in detail, so you feel like you’ve met each farmer and supplier too.

A deep bowl of fabulous slow braised beef flat rib with subtle Asian nuances of soy and sesame seeds was the centrepiece of our main course, but the vegetables were equal partners in the spread – potato puree and charred onions, roast carrots drizzled with coriander yogurt, and broccoli with a cloud of parmesan – hearty flavours and plenty of freshness. The pace is slow and unhurried, we had time to lie back on our blanket and digest before the dessert – a beautifully light lemon posset with macerated strawberries. Don’t book anything for the afternoon, you’ll want to stay and siesta, read a book, and just soak up the laid-back country air.

Book online for Wednesday to Sunday lunches and, from November, Friday night sunset suppers making the most of the golden glow that bathes the terrace on summer evenings.

NEWS & LIFESTYLE

3

4

PROPERTY NEWS

17 NOVEMBER 2019

Deck the halls

N

Flowers and foliage

one of us redecorates our homes for a party, but we do tend to shift it to another level, so there’s a certain festive mood when that door opens.

A few decorators and consummate party throwers provided some clever, creative and even cost-effective ideas they employ for entertaining.

Hosting a party is as much about decor and detail as it is about the menu

WORDS: ANNE SCHAUFFER

Neighbourhood

Colours and themes

Lee Moon of Lee Moon Interiors suggests choosing a theme for a party.

“Let’s say it’s an outdoor patio-pool occasion. If you live in a tropical area, choose loose concepts like tropical, game park, or beach. It narrows your decor focus. I keep a number of plain tablecloths like hessian, black, linen and white in the drawer – these can then be accentuated with your theme colours. Think blue and white on a white tablecloth with blue napkins and blue and white china, with green leaves and white flowers.”

IMAGE: SHUTTERSTOCK

Artist, restauranteur and photographer Heather Fitchet loves to play with decor.

“Don’t be predictable, it’s boring. Use brown paper as your table cloth – and avoid having to wash any cloths!”

For flowers, Heather loves Checkers’ lettuce complete with roots, in cans with the labels still on them. “Then you haven’t spent oodles on flowers, and you can eat your floral arrangements later.”

Designer Chris Tozer loves colour and boldness, so for her, when guests open her front door, a wonderful sense of theatre greets them. There’s always a wow factor. She goes big on greenery, less on budget… so heads for her garden – or that of a friend – and picks any particularly graphic leaves, such as delicious monster or large fabulous fronds, and pops them into oversized glass containers.

She’s also keen on using different types of big dried-out seed pods, spray paints them black, gold or whatever colour she’s chosen as her theme, and includes them with the greenery. Living aloes and succulents, grouped in stone or concrete pots, as opposed to cut flowers, is another favourite of hers.

Lee, too, loves picking leaves from the garden. She suggests putting them into big buckets wrapped in brown paper and tied with rope.

Music

Lee’s also keen on minimising the cleaning up. “If you can use disposable and recyclable plates or newspaper in a rustic theme, even better. There’s no huge cleaning up.”

Or be different. “Consider something different like enamel plates and mugs instead of glasses and plates – very French Provençal!”

For consummate hostess Tassie Kougianis, music choice is a priority.

“It sets the mood or keeps things lively, so compile the playlist well ahead of time. If you want to keep everybody happy music-wise, the Spotify app lets you add friends and guests, so you can all collaborate on a playlist.”

“Fit the music to the agegroup or

For your nearest reseller contact:

theme,” says Lee. She, too, is a Spotify fan. “I’ve downloaded the free version of Spotify and play that through my Bose speaker or Sonos speaker system. No need then to jump up and down to change the music.

Choose whatever style of music you like and even though there are ads, they’re few and far between.”

Lighting

For evenings, there’s no such thing as too many candles. Christine doesn’t dot them around individually, but clusters them. “You’ll have pockets of pretty flickering light throughout the space.”

For outdoor parties, lanterns in the garden always look superb, as do tiny fairy lights in a tree or strung somewhere appropriate. But less is more.

SOME USEFUL POINTERS • Lee suggests you check with guests beforehand as to whether there are any food allergies or dislikes. “It’s a real dampener if a guest can’t eat what you’ve prepared.”

• Tassie says, “If you’re including children – or people have asked if they may bring them – set aside an area with age-appropriate things.

Then they have fun and parents can chill.”

• “If you don’t have off-street parking, a car guard puts your guests’ minds to rest,” Tassie suggests.

Valid From 11 Nov - 6 Dec or while stock lasts

sales@homemation.co.za www.homemation.co.za +2721-447-0753

Bluetooth Speakers

Denon MINI & Network System Receivers

WAS R4 390

NOW R2 849

Supremely portable Envaya Pocket - water and dust proof bluetooth speaker.

Envaya Mini DSB-150BT Mid-sized Denon Envaya Mini - water and dust proof bluetooth speaker.

Wireless Speaker

HOT DEAL

N10-White & Black

D-T1

Envaya DSB-250BT

Enjoy exceptional sound in a minimalist style. The Denon CEOL-N10 Hi-Fi-Network CD Receiver with HEOS music streaming, bluetooth® and Alexa voice control is the perfect compact stereo for all your musical desires.

With its compact size and Hi-Fi quality, the D-T1 CD mini system with bluetooth offers premium Denon sound for everyone.

Range topping Denon Envaya – water and dust proof bluetooth speaker.

NOW R7 499

Speakers

HEOS by Denon is a Wireless Multi-Room Sound System comprising a family of great-sounding music players for your whole home. There is a free app to control them from your iOS or Android phone or tablet.

BLACK FRIDAY

WAS R11 490

NOW R3 999

NOW R1 949

NOW R1 449

Envaya Pocket DSB-50BT

WAS R5 290

WAS R3 290

WAS R2 190

WAS R6 290

WAS R8 390

NOW R4 499

BLACK FRIDAY

WAS R11 550

NOW R8 999

NOW R6 499

HOT DEAL

HEOS 3-HS2

HEOS 5-HS2

This great all-rounder packs amazing bass performance into a sophisticated design.

Compact speaker delivering big sound. Lay it down or stand it up, you can put one virtually anywhere.

HEOS 7-HS2

NOW R6 499 WAS R25 690

NOW R13 499

Signa S2 WAS R5 990

NOW R1 999

Universal TV sound bar and wireless subwoofer system.

HEOS 1-HS2

WAS R8 550

NOW R4 999

WAS R11 790

This speaker is top of the line, for those who demand the best, biggest, loudest.

BLACK FRIDAY

BLACK FRIDAY

HOT DEAL

HOT DEAL

Floorstander-RP-6000F

Floorstander-R-610F

Standing at only 37" tall, yet able to produce deep bass extension.

The Klipsch RP-6000F floorstanding speaker delivers incredible acoustic clarity for a premium listening experience.

Active Speakers-R-41PM The R-41PM powered speakers are designed to connect to virtually any source without the need for an A/V receiver.

Get big sound from a compact, portable wireless speaker.

Speakers & Soundbars

WAS R3 990

Ultra-compact home theatre sound bar system - works with Google Assistant.

NOW R4 999

NOW R12 990

BLACK FRIDAY

MagniFi Mini

WAS R5 990

WAS R30 990

NOW R2 999

HOT DEAL

Signature Centre-S30C High resolution home theatre centre speaker.

WAS R5 350

NOW R649

Tower-LSIM707

Tower-LSIM705

The ultimate floorstanding loudspeaker.

Superior performance floor-standing tower.

WAS R82 990

NOW R29 990

WAS R61 990

NOW R24 990

WAS R15 490

NOW R5 990

Bookshelf-LSIM703

Centre-LSIM704

Bookshelf for serious listening.

The smaller LSiM center channel speaker.

WAS R24 790

NOW R9 490

WAS R30 990

NOW R12 990

Centre-LSIM706

FX Surround-LSIM702

The big center channel for serious listeners.

The surround speaker for serious listeners.

6

PROPERTY NEWS

17 NOVEMBER 2019

Neighbourhood

Burgundy Estate growing in popularity W ith the suburbs of Cape Town to the south, the beaches of Milnerton and Blouberg to the west, and the winelands of Durbanville Hills to the north, Burgundy Estate in Cape Town’s northern suburbs borders the vineyards of the historic De Grendel wine farm less than 20km from the centre of the Mother City.

Burgundy Estate has its own mashie golf course, three schools, and a convenience shopping centre which serves the secure residential developments well.

Since getting involved as a joint venture partner with Nedbank four years ago, Rabie has sold over 900 homes totalling more than R1,2bn at Burgundy Estate. “Burgundy Estate has grown from strength to strength over the last four years,” says Miguel Rodrigues, director, Rabie.

“With the additional investment from local government and developers in the

upgrade of the surrounding arterial roads, expansion and upgrade of the Checkers centre, as well as the new Richmond commercial development and Richmond Shopping Centre, the entire node is progressing well.”

Rabie’s first project on the estate, Vermont, which consisted of 191 apartments, was sold to an investment company for rental stock while two other projects – Zarina (164 apartments and 16 townhouses) and Springfield (68 freestanding homes) – were sold on the open market.

Avenida’s 183 apartments and eight townhouses were all sold out prior to completion.

In 2018, Rabie launched Brookside, comprising 58 three-bedroom, twobathroom freestanding homes, and Hazelwood, consisting of 126 one-, two- and three-bedroom apartments.

Brookside, which was completed mid-2019, has sold out. Hazelwood, completed in October this year, enjoys

its own clubhouse and swimming pool, with a few two-bedroom apartments still available from R1,32m.

What’s next?

Two new projects, the first of which is an exciting retirement component – Oasis Life – will be launching on 21 November.

Rodrigues says, “We’re excited about the next chapter at Burgundy Estate, which is our retirement component. With the combination of its central location and the benefit of an established, multigenerational estate, we’re able to offer great value to senior residents.

Providing security of residence with our life rights model, our core focus is to offer an excellent lifestyle.”

Rabie is also in the planning phase of Rhapsody – a secure development which will combine the best of apartment living with that of larger free-standing homes. The launch is anticipated to be early next year.

Steyn City invests in new infrastructure and flagship project W hen Steyn City first launched in 2015, developers Douw Steyn and Giuseppe Plumari promised residents a city like no other. Now, as they reveal their Vision 2020, it’s clear that this promise has been brought to fruition.

in property values, even at a time when high-end properties have seen negative growth in a flat market. “Buyers who purchased at launch date have already seen their land value appreciate by 15% to 18%,” says Lambert Bezuidenhout, Steyn City sales manager.

“We’re busy creating the very best lifestyle in the world,” says Plumari, CEO, Steyn City Properties.

The latest investment is the spectacular City Centre, the gem in the Steyn City crown, which is now nearing completion, with the first 220 units comprising Phase 1 ready to be launched next year.

With a total of over 700 apartments and 11 penthouses, this unique and prestigious development boasts a number of facilities so far unseen in South Africa, including a heliport and lagoon.

It’s a highly anticipated addition to a destination which is seeing an increase

19

20

Charity Hat Walk

“We’ve pulled out all the stops,” Plumari promises, “Steyn City is the only place in South Africa where you can schedule a meeting at the last minute and be there within the hour – thanks to our heliport, which allows you to bypass all traffic by hopping into a helicopter.”

Selling a tenanted property C

an owners sell a property with a valid lease in place? Yes, says Seeff Properties, but the sale is subject to adherence to the legal principle of “huur gaat voor koop”, a Roman-Dutch legal principle which translates to the “lease trumps a later sale”. This means that the tenant is entitled to remain in occupation of the property for the remainder of the lease period and on the same lease terms.

The new property owner will need to continue with the existing lease agreement until the expiry date and the rental cannot be increased.

It may happen that the tenant sees this as a good time to cancel the lease and in such event, the tenant’s right to cancel the lease will be determined by the lease agreement and law.

In some instances, the lease agreement may already provide the tenant with the option of cancelling the lease in the event of the sale of the

property. In such event, there’ll be no cancellation penalties payable by the tenant. Once the lease period comes to an end and provided that there’s no new lease agreement entered into with the new property owner, the tenant must vacate the property.

Any rental deposit together with interest must also be transferred by the selling property owner to the new property owner to continue holding it in an interest-bearing account for the benefit of the tenant.

When the lease agreement ends, this should then be refunded to the tenant subject to the relevant legal rights and obligations.

Finally, if you want to remain in the property as a tenant after your current lease expires, you will need to enter into a new agreement with the new owner and this will contain new terms and possibly a higher monthly rental.

The new owner may also require you to top up the security deposit.

Enjoy a carefree retirement lifestyle overlooking the majestic Noordhoek Valley

NEW PHASE NOW SELLING

Home to a community of active and dynamic retirees, Evergreen Noordhoek is one of our most picturesque villages. The first two phases are sold out and we are introducing brand new 2 bedroom houses with study priced from R2,450,000. Don’t lose out on your opportunity to join this group of like-minded friends.

The best years of your life are ahead of you.

YOU’RE INVITED TO OUR LAUNCH WEDNESDAY, 20 NOVEMBER 15H00 TO 17H00 EVERGREEN NOORDHOEK, GLENCAIRN EXPRESSWAY TO RESERVE A PLACE CALL SHARON ON 087 808 7000 OR EMAIL INFO@EVERGREENLIFESTYLE.CO.ZA

WE LOOK FORWARD TO WELCOMING YOU.

info@evergreenlifestyle.co.za

Evergreen Ad_Muiz_390x264mm_.indd 1

www.evergreenlifestyle.co.za

/evergreenlifestyle

@Evergreen_LV

11/6/2019 9:50:54 AM

8

PROPERTY NEWS

17 NOVEMBER 2019

Neighbourhood

Property focus

Higher learning, higher earning Savvy developers are incorporating attractive lifestyle amenities in student accommodation offerings, presenting learners and investors with opportunities that stretch far beyond terms of study WORDS: DEBBIE HATHWAY IMAGES: BONZAI PHOTOGRAPHY & SUPPLIED

IQ BROOKLYN, PRETORIA

“W

hat do teenagers need? Education,” writes Savvas Savouri, chief economist at Londonbased Toscafund in the 2019 edition of the Knight Frank Wealth Report, which looks at how private wealth is shaping property markets globally. “It’s almost as if they can’t build the student accommodation quickly enough in the UK.” The report states that “property investors will become increasingly focussed on income, asset management and development opportunities”, with investors increasing their exposure to education facilities and student housing.

“While the South African market lags about three to five years behind global trends in student accommodation, there are opportunities for investors, developers and property managers,” says Johan Janse van Vuuren, property development manager, Eris Property Group.

THE NICHE, STELLENBOSCH

Based on the Department of Higher Education and Training’s shortfall estimate of about 250,000 beds, Eris Property Group highlights that student accommodation will need to scale rapidly to meet government’s intended increase of tertiary enrolments to 1,5 million students by 2030.

Increased demand KEY CONTACTS • • • • • • • • •

eris.co.za studentathome.co.za mydomainliving.co.za dogongroup.com balwin.co.za pamgolding.co.za thedenstellenbosch.co.za stagprop.com campuskey.co.za BOSMANS CLUB, STELLENBOSCH

Emily Craig, owner and CEO of Cape Town-based Student at Home, which has 326 units, believes there will never be enough student accommodation around. While more developers are jumping on the bandwagon, some even cutting their teeth in the sector, she says she has been “in this game for a long time” and attributes her success to creating the right environment. “It’s one thing giving students the necessary facilities, which encompass everything from a safe and secure environment to a home away from home, but it’s another to manage them,” says Craig.

Student at Home clients must stick to certain rules and regulations or risk losing their deposit. “As much as kids want to have freedom, parents are happy to know there’s a certain amount of structure they have to abide by,” she adds.

Swish Property Group is a property development and management company with rental capacity for more than 700 beds in Wynberg and Observatory, Cape Town. Housed under the banner My Domain Student Living, students have everything they need at their doorstep.

“We build and rent student-centred residences that are focussed on students’ wellbeing, offering peace of mind for parents and creating the best environment to facilitate success and ease of transition through the education cycle,” says Craig Getz, director: marketing and residential sales.

My Domain is a safe, secure turnkey product with biometric access control.

Residents get the benefit of Wi-Fi, a shuttle service to universities, a gym with personal trainers, and student liaison representatives on site. “Yield fluctuates based on the market. It’s not as straightforward as a block of flats where you’re getting a specific yield of 8% or 9%,” Getz says.

Buy or rent?

Parents who believe it’s better to buy than to rent property invest on behalf of their children at tertiary education level, because student residences are often full and rental fees can amount to the same as a bond repayment.

Rob Stefanutto, head of developments, Dogon Group Properties, says in Cape Town about R4,500 per month would get you a small shared student room with a communal bathroom and kitchen; and you could rent a small student or bachelor pad with a kitchenette for R7,500. “Some of the more upmarket private residences in safe locations ask more than R7,500 for a shared room, going up to R10,750 for a private room.

If a child enrols for a three-year

17 NOVEMBER 2019

Neighbourhood

PROPERTY NEWS

STAG AFRICAN UBUNTU HOUSE, STELLENBOSCH

degree, parents would be in the hole for R387,000 for accommodation.

This is money spent without the possibility of return,” he says.

“Now consider the cost of purchasing an apartment. Entry-level 21m 2 studios are selling for R985,200, including VAT and transfer, at 1 Albert Road in Woodstock. That would equate to a bond instalment of approximately R8,556 per month if you were to put down a 10% deposit.”

Western Cape Accommodation close to higherlearning institutions can attract more income per square metre and guarantees year-on-year tenants. Balwin’s The Huntsman in Somerset West ticks those boxes for students enrolled at Stellenbosch University, for example. Besides quality apartments with ecofriendly appliances, cutting-edge security, and Wi-Fi, The Huntsman has the added advantage of being close to shopping centres and beach watersports, among others. Unit prices start from R849,900.

“There’s a boom in developments in Stellenbosch offering accommodation ideally suited to students,” says Louise Varga, Pam Golding Properties area manager: Stellenbosch, Somerset West and Gordon’s Bay. “Common features include excellent location, proximity to campus, security, off-street and secure parking – a necessity in a town where parking is at a premium – and luxury or contemporary finishes in the apartments.”

The Niche in Stellenbosch is a 51unit development with bachelor apartments starting at R1,5m.

“Given the demand for rental accommodation, this offers excellent return on investment,” Varga says.

Apartments at Bosmans Club in Bosman’s Crossing on the outskirts of Stellenbosch, start from R1,4m and are ideal for older students who don’t need to live in the centre of town. The Den, on the other hand, comprises 60 studio apartments minutes from campus. Only four

units are still for sale. The developers have applied meticulous attention to detail, including security features, contributing to a conservative estimate of 25% capital growth already, and a high rental occupancy rate. Plans for Phase 2 are under way.

Student accommodation group Stag African has funded and developed four residences at Stellenbosch University with 600 beds on a 20-year lease.

The returns are relatively modest at about 7% (after interest charged), but the investment is supported by a strong balance sheet on the part of the university. “Adequate housing where students have social support and feel safe is crucial,” says Stag founder John Schooling. “It’s about more than providing a place to sleep. It’s about creating communities and a listening, learning and living environment.”

Eastern Cape As part of a R540m development at Fort Hare University in Alice in the Eastern Cape, funded by the Department of Higher Education and Training (DHET), the Development Bank of Southern Africa (DBSA) and the European Union (EU), Stag African will hand over 2,047 beds in two phases. The first 737 beds have been occupied already and the project is set to complete in October next year. “This is the single largest student housing development ever undertaken by any of the 26 public universities in South Africa,” says DHET director-general Gwebs Qonde.

9

STUDENT AT HOME, CAPE TOWN

“An added advantage is that investors buying into this development can diversify and target the diplomatic contingencies in the nearby areas by offering short-term accommodation for foreign-office visitors,” says Ilma Brink, regional development sales and commercial property manager, Pam Golding Properties Pretoria. “Because short-term rentals are allowed, the yields can be as high as 15%. In the long term, we have determined affordable levies, rates and taxes, as well as a net return on investment from a disposable income perspective of 7.5%.”

Those who get it right will have an above-average offering that goes beyond facilities. With locations at campuses in Bloemfontein, Port Elizabeth, Cape Town, Stellenbosch, Potchefstroom and Tshwane, CampusKey Student Living is one of them. This national offering is about providing inspirational and vibrant environments and encouraging collaborative coexistence so that, with appropriate commitment to their studies, students can set off on the road to success.

THE DEN, STELLENBOSCH

Adequate housing where students have social support and feel safe is crucial. It’s about more than providing a place to sleep. It’s about creating communities and a listening, learning and living environment.

JOHN SCHOOLING, FOUNDER, STAG AFRICAN

Gauteng Students looking for affordable accommodation will love the location of iQ Brooklyn, just 800m from the main campus of the University of Pretoria (Tuks). Priced from R995,000 for a studio, including transfer costs, iQ Brooklyn provides meeting rooms, a cafeteria offering home-cooked meals, excellent security, fast internet, a pool with a sun deck, and laundry and cleaning services. It consists of five blocks of studio, one-bedroom and two-bedroom units, each with secure undercover parking.

MY DOMAIN STUDENT LIVING, CAPE TOWN

ET

PL

M CO IO N 3

Q 20 21

HELLO TABLE MOUNTAIN NEW DEVELOPMENT FOR SALE STARTING FROM R2.495 MILLION

WELCOME TO A CONNECTED WORLD WITH INCREDIBLE VIEWS IN ORANJEZICHT CAPE TOWN

KEY FEATURES: • 15 apartments • 3 exclusive penthouse apartments • Panoramic Table Mountain views • Communal landscaped terrace with jacuzzi • 5 minutes drive to Camps Bay and Clifton • Short-term letting and pet friendly

www.TheCedar.CapeTown

Office - 021 425 8586 Maxine - 078 452 5559 Catherine - 074 384 3127

CO NSCIO US LIVING

17 NOVEMBER 2019

Neighbourhood

 

PROPERTY NEWS

  11

Neighbourhood

BLACK BOOK

Harfield

We are passionate about

beauty & wellness

­‚ ƒ � ƒ � „

 � � � �  � � �  �     � � �

 ­ �� � �   €

We specialize in: • • • •

Shop 2 Harfield Village Centre 48 Second Avenue Claremont Tel: 079 869 3311

Mani’s Pedi’s Nail art Gelish

• • • •

Waxing Facials Massage Lash Extensions

Find us on Facebook www.facebook.com/ milkandhoneybeauty

Shelley’s Health & Beauty 021 671 7433 | info@fatharrys.co.zaf @fat_harrys | @FatHarryRestaurant 166 2nd Avenue, Kenilworth

Mon: 2 for 1 Burgers Tues: Quiz Night / Tequila Tuesday Wed: Open Mic Night Fri: Live Music Sat: Big Band Night

BIO MEDICAL SKIN PEELS WEIGHT MANAGEMENT MANI’S & PEDI’S GEL -IT POLISH HAIR FREE MASSAGE WAXING FACIALS 9A Wessels Rd Kenilworth Whatsapp 083 781 8068