Neighbourhood DBN - 04 June 2017

4 JUNE 2017

Neighbourhood PROPERTY & LIFESTYLE

Re-energised Why Rivertown Precinct is a shining example of Durban’s inner-city rejuvenation, page 2

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SUBURB FOCUS: RIVERTOWN PRECINCT

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BUSINESS Q&A

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PROPERTY NEWS

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PROPERTY NEWS

4 JUNE 2017

Neighbourhood

Suburb focus

Rivertown Precinct Here’s what’s happening in property in the area WORDS: ANDRÉ FIORE

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IMAGES: STEPHEN PILBROUGH & PROPERTUITY

urban inner city has undergone considerable rejuvenation recently. It has become Durban’s “cultural revival spot”; bright, clean, edgy and saturated with that delicate beachfront light, Rivertown Precinct is the place to be.

on Hunter Street and started the second. Stephen Hobbs designed the dazzle on East Brick Lane, Resoborg will soon surprise us with one of his masterpieces, and keep an eye out for Mthobisi Maphumulo who is part of the Amasosha Art Movement.”

Initiated by the eThekwini Municipality as part of the Catalytic Investment Projects aiming to make Durban Africa’s most caring and liveable city by 2030, the rejuvenation of the Rivertown Precinct started in 2014 managed by Propertuity.

Besides art, the buildings are looking vibrant too. Fully refurbished, the pansy-pink Ambassador House is home to the Curiocity Durban “poshtel” (a posh hostel), three storeys of office space, a roof garden, and a spa. Sunlight breezes through its inner quad, quirky bar, and innovatively decorated rooms.

With long-term plans to redefine Durban’s inner city landscape, Propertuity set out to acquire and redevelop three and a half blocks of property (stretching between the ICC, the Hilton Hotel and the Beachfront).

Propertuity rolled out its “Beach.City.

Life” concept in an attempt to bring people back into the city to enjoy the world-class beaches, the landscape and the climate that Durban offers.

Three years and 23 developments later, Propertuity is showing its mettle. Clean and safe (there’s 24/7 security and an Urban Improvement Precinct is being established), the precinct is buzzing thanks to collective input from a host of noteworthy Durban creatives, with vibrant artworks, fresh pops of architecture and design tastefully combined with Durban’s Art Deco heritage.

“We love art,” says Luke Maurel, general manager, Propertuity Durban.

“Christian Mugnai has just completed the first phase of the Rivertown Mural

“The Golden Mile is just three minutes away. On foot! Who needs Zanzibar when you can have Durban,” says Megan Nortje who lives in Ambassador House and manages Curiocity Durban. “We generally have 60% occupancy and an equal mix of local and international tourists.”

Nearby, residential revamp Pixley House is fully occupied by tenants, Pioneer Place is home to small fashion and clothing businesses and former warehouse 8 Morrison Street offers serviced office pods, informal meeting spaces and a communal kitchen.

“While no one wants to be the first to come back to the city centre, we already have a line-up of blue-chip tenants and more knocking on our door,” says Luke. “With upbeat, commercial office space available from as little as R75/m2, it’s a no-brainer. Watch this space!”

I’ve been living here since August 2016 and consider this a great move. I love it!

I feel as if I’m on holiday every day and it’s opened me up to different pastimes like cycling in the city and even surfing.

MEGAN NORTJE, RESIDENT

DINE OUT: • • • •

Bon Bon’s Bake n Take: for delicious baked goods The Spice Emporium: for a variety of spices Curiocity Durban: for Wednesday night braais The Golden Mile: for everything from bunny chows to Asian cuisine

THINGS TO DO: • • •

Enjoy sundowners at Bar Curio in Ambassador House.

Walk, cycle, or Segway along the The Golden Mile.

Participate in surf excursions through Curiocity.

WORK IN RIVERTOWN PRECINCT: • • •

PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423

ADVERTISING SALES:

EDITORIAL TEAM: Group Editor: Charis Le Riche charisl@yourneighbourhood.co.za Managing Editor: Molly Fitz-Patrick Senior Sub-Editor: Mlungisi Mthembu

Ambassador House 8 Morrison Street East Brick Lane

Designers: Anja Bramley & Samantha Durand Group Online Editor: Lauren Joubert Digital Assistant: Lauren Daniels

Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Advertising: Julie Ellice kzn@yourneighbourhood.co.za Production (Editorial Advertising): Lucea Goosen lucea@yourneighbourhood.co.za

4 JUNE 2017

Neighbourhood

For sale in Durban CBD

For rent in Durban CBD

Median asking prices

Median monthly asking prices

R380,000

R4,000

For a typical property (one-bedroom apartment)

R710,000 In a complex

R530,000 For an apartment

For a typical rental property (one-bedroom apartment)

R1,9m

R4,290

For a house

For an apartment

Property type 2%

96%

Monthly bond repayments For a typical property in this area.

Property type 2%

house apartment

PROPERTY NEWS

complex You’ll pay

Based on

R3,794 per month

100%

apartment over a period of

at

R380,000

20

10,5%

median asking price

years

prime

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4

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4 JUNE 2017

Neighbourhood

Neighbourhood

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4 JUNE 2017

Neighbourhood

ADVETORIAL ADVERTORIAL

Delicious new breakfast menu!

Come as you are PRIMI has launched a new breakfast menu where old traditions ring in fresh new flavours

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here’s something about eating out for breakfast, whether it’s a breakfast meeting or catching up with friends at the weekend. It’s a treat without being extravagant, a time when you want something sustaining, comforting and not too fussy, nutritious enough to get you through the day.

PRIMI’s newly launched breakfast menu fits the bill perfectly, and while PRIMI still has its selection of timeless breakfast classics, it has come up with some sparkling new dishes that put the zing back into comfort food and leave you feeling well fed, healthy and happy.

Tradition

Chef Natale Schotti has been at the helm of PRIMI’s recipe development for the last year, with her food background embracing the whole of the Mediterranean and the Middle East. You taste these influences in the fresh herbs, citrus highlights and gentle spices that enliven each dish, and she’s passionate about using ancient traditions such as fermenting foods to add flavour and nutritional value. “The doughs we use for our breads and pizza are fermented and aged for at least 48 hours,” says Natale, “so you get a much better eating experience, a lot lighter.”

These include a light crusty sourdough ciabatta and a dense, delicious rye.

Another fermentation innovation is a creamy yoghurt relish: natural yoghurt that is fermented for a few days with capers, herbs and luscious olives to become thick, fresh and tangy. It works perfectly to balance the richness of the luxurious new Salmon Fraîche Frittata: an open-style omelette baked with cream and fresh salmon in a simple enamel dish in the pizza oven.

Topped with generous ribbons of smoked Franschhoek salmon trout and a chopped Persian salad vibrant with herbs and fresh crunchy vegetables, the whole dish is power packed with nutrients, so indulgence and healthy eating go hand in hand.

Preservative-free

As well as researching old food traditions, Natale is very firm about cooking without any preservatives and making everything from scratch in-house. She’s introduced two age-old condiments into the PRIMI kitchens.

The first is a simple green salt: natural rock salt ground with celery and slowdried herbs – it’s bursting with flavour and is used judiciously in every dish.

Another favourite element from the Levant is toum. “Toum is ancient – it’s fresh garlic ground down with lemon juice, salt and oil,” says Natale. “It’s something that is amazingly flavourful, and I love using quirky old traditional things and giving them a new coating.”

Gremolata, that delicious fresh and zesty Mediterranean condiment, is another lively addition, especially addictive in the Sautéed Mushrooms breakfast dish, where the mushrooms soak up all that herby, lemony goodness. They come to the table piled on top of creamy avocado salsa lavishly spread on rye toast and topped with a perfectly poached egg – light but sustaining and very moreish.

Locally sourced ingredients

There are only three ingredients that PRIMI imports from Italy: the tinned tomatoes – for that true Italian flavour, the bronze-cut pasta, and the fine 00 flour. All the rest is sourced locally and Natale buys from an accomplished local cheese maker. “We use a lot of fresh cheeses,” she says, “in particular the aged mozzarella for our pizza, also the fresh fior di latte mozzarella, and a wonderful salted ricotta – slightly aged, creamy and rich, it’s a gorgeous cheese.”

This ricotta is the secret ingredient in the hearty new “breakfast pasta” dish, Rigatoni Forza. A quirky reinvention of a traditional Italian baked pasta, it’s the perfect winter warmer: robust flavours of bacon and chorizo in a tomato sauce, a slight kick of chilli, added depth from

the ricotta, and two eggs tucked into the dish, then baked in the pizza oven.

With a light dusting of lemon zest and pecorino to lift all that heartiness, it’s a dish to keep you warm throughout the day, even when there’s snow on the mountains.

The breakfast menu

There’s plenty more on the revamped breakfast menu, which reads temptingly in several chapters, from the indulgent Eggs Benedict in four variations, the Frittatas, Breakfast Bowls and classic straightforward bacon and egg combos like the PRIMI Power. Look out on the drinks section too for the new warmly spiced Masala Chai tea and latte. Don’t expect to manage more than one dish at a sitting (unless you’ve run a mini marathon before breakfast), they are generous and filling; but if you can’t decide between several of the mouthwatering descriptions, why not order several dishes for the table and share.

It’s not tapas, but there’s no reason why the sharing approach can’t work for breakfast too.

Above all, Natale’s focus is on unpretentious, easy eating that just happens to be healthy, and that appeals to all the senses. “I don’t want to be preachy about health benefits and so on,” she says. “I just want to include things that are healthy and tasty that work with the dish – amazing life-giving elements with flavours that speak for themselves.”

TASTE FOR YOURSELF: PRIMI primi-world.com facebook.com/PRIMIworld twitter.com/PRIMIworld #COMEASYOUARE

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PROPERTY NEWS

4 JUNE 2017

Neighbourhood

My business neighbourhood Dream Wealth in Berea provides expert advice and helps clients set long-term goals to safeguard their financial future WORDS: TIVANIA MOODLEY

IMAGES: SUPPLIED

Q: How did your business start?

A: I was working for a large corporate and always wanted to be an entrepreneur. I decided to take the leap when my second daughter was born, in the hope of providing more for my own children.

Q: Why did you choose this area to set up shop?

A: I always loved Berea, with its quaint shops and restaurants.

It feels very authentic and has the benefit of easy access.

Q: How did you find your premises?

A: I came across the premises on PrivateProperty.co.za, and loved the place from the moment I saw it.

Q: Why are the premises ideally suited to your business?

A: We have plenty of room for everyone. It’s a home-awayfrom-home environment. I didn’t want a conventional office, but a space where my clients and my staff could feel comfortable.

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evan Moodley, founder, Dream Wealth, identified the need to make financial advice available to anyone. His extensive portfolio caters to every life stage and is customised according to each client’s requirements.

Q: Who are your neighbours?

A: T he Corner Cafe and Mooki noodles.

Q: How many people go through your store each day?

A: We’re a consulting business, so we only get clients coming in by appointment. Every so often, a client of ours pops by for a cup of coffee and a chat, so it’s difficult to estimate the exact numbers.

Q: D o you have any expansion plans?

A: We’ve recently opened an office in Pietermaritzburg, and we have plans to grow the business nationally.

Q: D o you operate online as well?

A: Not currently, but that’s something we’re considering as the digital age can’t be ignored and clients want an integrated online service offering.

Q: What’s your most popular item?

A: We sell our products based on a comprehensive needs analysis. We do specialist consulting to our high-networth and business clients.

Every product is tailored to the needs of our clients, according to their specific requirement.

SEE FOR YOURSELF: Q: What are the shop rental/ sales prices like in this area?

A: It’s pretty decent compared to the other side of Berea.

However, I own my property.

Dream Wealth 031 207 1550 dreamwealth.org

16519/E

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PROPERTY NEWS

4 JUNE 2017

Neighbourhood

Priced to go Estate agents say property that is correctly priced is likely to sell quickly WORDS: CANDICE BOTHA

IMAGE: ISTOCK

W

hen thinking about selling your home, price is always top of mind, and coming up with a realistic number is essential. Experienced estate agents go through a few steps to recommend the correct price for your property.

than the listing as several buyers enter a bidding war for the property.”

“We look at a combination of other similar properties that have sold in the neighbourhood,” says Fathima Seedat, agent, RE/MAX Leading Edge. “We then look at what is currently on the market to get an idea of the competition, what has sold recently to get an indication of good prices, and those properties which failed to sell to complete a Current Market Analysis. The bottom line is you need to price your home according to the competition.”

Testa says, “Putting your home up at an unrealistic price damages its saleability as it will become stale on the market, giving potential buyers the impression that it has major flaws.”

Agents also have access to the history of sales in the area through Lightstone Property data and a good understanding of current market trends, says Manny Testa, principal, Lew Geffen Sotheby’s International Realty Durban North and Umhlanga.

“Keeping in mind that listing prices are not always the price properties sell at is important. Prices can be inflated on a listing as sellers are willing to accept lower offers, and then do,” he says. “There’s a perception that this is how it works. However, pricing a house realistically often ends up with the seller achieving a higher price

Sellers are often keen to put their house on the market at an unrealistic price to see what happens, but estate agents advise against this.

Seedat says, “There’s a fine line between overpricing your property and adding a little bit of ‘fat’ to the price. I feel strongly that there has to be a little room for negotiation, but be careful not to overprice which deters clients from making any offer at all. Simply put, property that is priced correctly, sells fast.”

Pricing a house realistically often ends up with the seller achieving a higher price than the listing as several buyers enter a bidding war for the property MANNY TESTA, PRINCIPAL, LEW GEFFEN SOTHEBY’S INTERNATIONAL REALTY DURBAN NORTH AND UMHLANGA

National Roadshow

THE PROPERTY PRACTITIONERS BILL: What you need to know www.rebosa.co.za

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he Property Practitioners Bill may well be approved by Parliament soon and will impact the industry for decades to come.

Rebosa has gone to great lengths to comment in

Johannesburg & Pretoria

14 June

11h00 - 13h00 Protea Hotel Marriott® - OR Tambo International Airport

detail on the bill and will interact with the EAAB, the Parliamentary Committee on Human Settlements and the Minister going forward.

If there’s only one event you attend this year, it

should be this informative, detailed discussion on the bill and its impact. Please join us at your nearest venue, free of charge. The event is open to the whole industry and all interested parties.

Port Elizabeth

George

Cape Town

Durban

11h00 - 13h00 Garden Court Kings Beach

11h00 - 13h00 Protea Hotel Marriott® King George

11h00 - 13h00 The River Club, Observatory

11h00 - 13h00 Garden Court Marine Parade

20 June

21 June

23 June

REGISTRATION OPENS AT 10H00 FOR ALL EVENTS A limited number of seats are available so booking is essential on www.rebosa.co.za 2 non-verifiable Continuous Professional Development (CPD) points will be allocated after the session

27 June

REAL ESTATE BUSINESS OWNERS OF SOUTH AFRICA

INTRODUCING SIBAYA’S FIRST RETIREMENT ESTATE

BOOK YOUR ONSITE APPOINTMENT

RETIREMENT LIVING FROM R1.475 MILLION Shoreline Sibaya is the first secure retirement estate within the muchacclaimed Sibaya Coastal Precinct. Situated less than 10-minutes from Umhlanga, this is KwaZulu-Natal’s premier residential node.

Featuring modern, luxurious single-level 1, 2 and 3-bedroom apartments, this pet-friendly estate offers a selection of engaging facilities, open landscaped areas, exceptional sea views, and an array of care services provided by the on-site MyCare Centre, which will be built during phase 1.

ENTRANCE TO SALES OFFICE

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SIBAYA COASTAL PRECINCT RAINMAKERMARKETING 05/17

Petrol Station

OUR PRIME

PROPERTIES OF THE WEEK

Award winning Brettenwood Coastal Estate, located just 10 minutes from King Shaka Airport, is situated along one of the most exquisite stretches of coastline in KwaZulu-Natal. It offers its residents security, luxury, tranquility, exclusivity and an extensive range of world class amenities to suit both the young and young at heart.

6 time winner of the African Property Awards

CONTEMPORARY FAMILY LIVING • 5 Bedrooms (main en-suite) • Separate scullery • 3 Bathrooms • Outdoor entertainment area • Open plan lounge, dining • Double garage room and kitchen

BEAUTIFUL LIVING WITH SPACE TO GROW NEW LISTING

OFFERED AT R5 400 000

• 3 Bedrooms (main en-suite) • 2.5 Bathrooms • Open plan kitchen, lounge & dining room

YOUR OWN PRIVATE PARADISE • 4 Bed (all en-suite) • Professional landscaping • Luxury fittings and finishes

• Rim flow pool • Inverter technology • Triple garage

NEW LISTING OFFERED AT R4 700 000

DREAM FAMILY HOME • • • •

NEW LISTING OFFERED AT R11 500 000

“The Estate offers peaceful and tranquil living surrounds with beautiful views no matter where you are. We are fortunate to enjoy the ‘open door’ living without being concerned about burglar alarms and wire fences – Long may it last!”

Rais & Cheryl Pearson - Forest Village Retirement Owners

2 OR 3 BEDROOMS • 2 BATHROOMS • SEA OR FOREST VIEWS • LUXURY FINISHES

Land Freehold homes Luxurious apartments Retirement homes

• Covered patio • Double garage • Direct access to conservation area & dam

Buy directly from the developer. Land from R1 500 000

4 Bedrooms (2 en-suite) 3 Bathrooms TV lounge and kid’s lounge Kitchen with large scullery

• • • •

Covered pation with built-in braai Double garage Rain harvesting system OFFERED AT R5 650 000 Bush views

Forest Village activities: Bird watching | Fishing | Pristine local beaches | Extensive walking trails | Book club | Yoga | Tea at 10 Themed evenings and events | On-site nursing | Line dancing lessons | Shuttle service to local shopping centres Nursery | Bridge lessons | Cards | Arts and crafts | Interdenominational fellowship | Social drinks Two clubhouses which include: Lounges | Library | Honesty bar | 25m Lap pool | Heated aerobic pool | Gym | Sauna | Facilities for grandchildren

ONLY 14 HOMES AVAILABLE - BUY DIRECT FROM THE DEVELOPER

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Shavaun Lindsay Greg Simmonds Michelle Larkens

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072 194 8672 084 515 7464 082 775 3998

R3 500 000

T 032 525 4581 E info@brettenwood.co.za W www.brettenwood.co.za

WESTMEAD: TO LET – LOGISTICS FACILITY AND YARD This one of a kind logistics facility comprises of 6000m2 concrete yards, 585m2 stores area, 3172m2 warehousing and A Grade offices of 751m2. Ideal for outdoor storage and internal warehousing.

Web Ref: CL525 Contact: Wayne Ashford 083 456 8518

NEW GERMANY: FOR SALE Well established property close to the Pinetown CBD, currently being run as a Bed and Breakfast, is now for sale. The layout of the property (2140m2) lends itself to commercial use for multi-tenant options, medical rooms, student accommodation, etc. The property consists of 11 ensuite bedrooms some of which have their own kitchens and private entrances from the garden. The main house has plenty of character with wooden floors and lovely reception area. There is also a swimming pool and ample on-site parking. The property is secure with electric fencing and has brilliant visibility for marketing/signage to passing traffic.

Web Ref: CL527 Contact: Dawn Hutton 074 322 2012

PINETOWN: FOR SALE

Web Ref: CL467 Contact: Dawn Hutton 074 322 2012

 Building size is 458m2 lettable area on 1200m2 land.  On-site secure parking allows for 16 vehicles  Secure with perimeter fencing and automated access  Currently tenanted giving the option for investment opportunity or can be vacant occupation.

WESTMEAD: WAREHOUSE TO LET This double volume 856m2 warehouse consisting of 150m2 offices is located at the entrance of Westmead.

It has 3 roller door access points. Office space can be increased for tenants requirements.

Web Ref: CL523 Contact: Wayne Ashford 083 456 8518

PINETOWN: TO LET This 1000m2 factory/warehouse is easy access to the M13 and close proximity to the N3.

Ample power for manufacturing and remarkable height for warehousing.

Web Ref: CL516 Contact: Wayne Ashford 083 456 8518

WESTMEAD: OFFICES TO LET Office area of 552m2 can be subdivided into 272m2 (first floor) or 280m2 (ground floor). An adjacent 856m2 double volume warehouse and office area is also available on request. The main office block offers 24 basement and 12 covered parking bays located outside the main Web Ref: CL526 entrance. The building is fully airContact: Dawn Hutton 074 322 2012 conditioned. Each floor has its own kitchen and ablution areas.