Neighbourhood PTA - 21 July 2019

Neighbourhood 21 JULY 2019

PROPERTY & LIFESTYLE

On the waterfront Move your life to The Blyde Riverwalk Estate and experience unique living in this water-lover’s paradise with on-site lifestyle centre and an array of leisure facilities, page 8

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SUBURB FOCUS: MENLO PARK

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IN THE NEWS

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PROPERTY NEWS

21 JULY 2019

Neighbourhood

Suburb focus

Menlo Park

The suburb of Menlo Park, which forms part of Pretoria’s ‘Old East’ neighbourhoods, today is as trendy and upmarket as it was about 65 years ago when it was established

WORDS: BETSIE LOOCK-VAN DER MERWE *Map not to scale

IMAGES: RENE WALKER & GOOGLE MAPS

T

he affluent suburb of Menlo Park in Pretoria’s wellestablished Old East, has over the last 10 to 15 years seen tremendous redevelopment and modernisation.

These changes mostly comprise the subdivision of traditionally huge erven and the erection of several modern-day executive-style apartment blocks, hotel apartments, cluster complexes and smaller estates.

The high demand for housing in this sought-after neighbourhood can largely be attributed to Menlo Park’s favourable location close to the University of Pretoria, as well as its proximity to development nodes like Menlyn Main and Hazelwood.

Menlo Park is practically situated within immediate access of the Atterbury Road intersection on the N1 highway while the main arteries like Lynnwood Road, Atterbury Road, Justice Mahomed Street and Brooklyn Road also run through this pretty suburb with its many tall trees and beautifully maintained gardens.

Menlo Park also meets residents’ wish lists in terms of good schools and having its own local shopping complexes while being close to comprehensive malls like Brooklyn Mall and Menlyn.

This suburb is served by the nearby Brooklyn police station, has its own post office, lots of professional practises like doctors and lawyers, and is within a short distance from top hospitals like Life Groenkloof Hospital, Zuid Afrikaans Hospital, Netcare Jakaranda Hospital and Mediclinic Kloof.

Property types suitable for these buyers mostly include modern, cleanlined, industrial-look apartments, ranging from bachelors’ size to comfortable two- and three-bedroom units. These usually come with the full package of modern security technology, pre-installed household appliances, internet connectivity and many more fashionable extras to suit a lock-up-and-go executive lifestyle.

Current asking prices on these average around R1,5m to just over R2m.

There are also several older gems available, like free-standing family homes on large stands behind a gated entrance. Many of these have been modernised and are listed on the market from just under R3m to up to around R5m.

Some offering higher-density accommodation suitable for guesthouses, communes or business premises, can reach up to R15m and R20m.

Schools Public schools in Menlo Park include the highly regarded Laerskool Menlopark and Hoërskool Menlopark.

Brooklyn Primary School is situated close to Menlo Park’s border with its neighbouring suburb Brooklyn, while many kids also attend Laerskool Lynnwood just across the road.

The prestigious TuksSport High School is situated on the premises of TuksSport High Performance Centre, while Pretoria High School for Girls

and Pretoria Boys High are also just a stone’s throw away from the suburb.

Other options include the independent St Marys DSG school offering tuition to girls from preschool age through to Grade 12. Pro Arte Alphen Park is a public school focussing on art and music alongside the normal academic curriculum for high school learners.

Explore The well-known Greenlyn Village Shopping Centre is the entertainment heart of the neighbourhood. This complex houses the superb Brooklyn Theatre which is renowned for its magical art-inspired music productions, while the Hazel Food Market is hosted at the premises on Saturdays. This market is not only a great meeting place for residents, it also attracts visitors from all over the city in pursuit of yummy food and a festive atmosphere.

There are some lovely restaurants located at the centre as well, offering great cuisine and a welcoming ambiance every day of the week.

To even out the calories, residents can join one of the many fitness or sport clubs in and around the suburb. These include, among others, tennis, wrestling, pilates, yoga, athletics, karate and several indoor training centres and gymnasiums.

Other leisure options include movies at Brooklyn Mall or Menlyn Park, a live show at Menlyn Maine’s Sun Arena and night life at Time Square Casino.

Menlo Park is home to the Lions Club of SA (HO), Menlo Round Table Community Centre, Menlo Park Security Initiative, and Pretoria East Toastmaster Club.

Property Significant trends in the real estate market in Menlo Park include the influx of young residents under the age of 36.

Property statistics show that 42.7% of stable property owners fall in the 50 to 64 age group while 27.7% are between 35 and 49 years. However, a whopping 65.8% of recent property buyers fall in the age category of 18 to 35.

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CAFÉ 41

21 JULY 2019

Neighbourhood

PROPERTY NEWS

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GREENLYN VILLAGE CENTRE

SLEEP • Moroccan House: four-star boutique hotel • Alpine Attitude Boutique Hotel & luxury apartments • The Elegant Lodge: elegant but simplistic • Battiss Guest House: homey atmosphere

EAT • Capital Craft Menlo Park: best selection of craft beer in the city • Dros Atterbury: meeting place for business lunches and sundowners • Buffelsfontein Beesboerdery: new focus steakhouse and grill restaurant • Aroma Gourmet Coffee Roastery: delicious cake and freshly ground coffee

BROOKLYN THEATRE

DO

For a typical property in this area You’ll pay

R28,173 per month

Median asking price

Median asking price

R2,87m

For a typical property (three-bedroom house)

R2,35m In a complex

R13,000 APARTMENT

Monthly bond repayments

25%

For rent For a typical property (two-bedroom apartment)

31%

R16,975 In a complex

APARTMENT

For sale

COMPLEX

PEDRO LOMBARDI, RESIDENT

COMPLEX

• Lynnpark Centre: local and friendly • Brooklyn Mall: all-inclusive retail and entertainment centre • The Club Centre: modern, upmarket lifestyle centre • Hillcrest Boulevard: one-stop for groceries, medicine, banking, hair styling and more

Our neighbourhood is classy and well established, but it also has a modern vibe. Young and old will feel at home in Menlo Park.

26%

50%

Based on

over a period of 20 years at 10.25% prime

R1,719,500

44%

For an apartment

R3,263,600 For a house

R12,000 For an apartment

R18,000 For a house

HOUSE

median asking price

HOUSE

R2,870m

24%

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PROPERTY NEWS

21 JULY 2019

Neighbourhood

Kitchen cool Innovative and stylish certainly, kitchens should be designed with functionality and flow top of mind WORDS: ANNE SCHAUFFER

IMAGES: SHUTTERSTOCK

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kitchen needs to be a strong marriage of functionality, flow and good looks with the integration of the owner’s tastes and preferences. “Each customer’s kitchen is unique — innovative and stylish, sure, but also functional, well thought out and easy to use,” says Brendon Watkins of Capital Kitchens.

Sustainable

Gas has long been the fuel of choice for cooks – induction or gas stoves are the greener options. For all other appliances, check the ratings – it not only saves money, but importantly, is less harmful to the planet. Look for fridges, dishwashers and washing machines rated A or A+ when you replace yours – close to 60% of energy used in a washing machine goes towards water heating, so the less water used, the less energy.

Hardware innovation

The focus on hardware has ramped up considerably. “Now we’re looking at small, luxury details that make life easier,” says Watkins. And provide good design elements.

Slow-close drawers, gas-stay cupboard doors, anti-slam doors, Tiptronic (touch) doors and drawers, carousels, butler larders, counter pop-up plug points and dedicated cellphone or tablet chargers are items that fit the bill.

Storage

“Many homeowners forget how much storage space they need to make the space functional. Use the available space for creative storage solutions,” says Adrian Goslett, regional director and CEO, RE/MAX Southern Africa.

“Much revolves around invisibility – conceal the fridge, the microwave, even the door handles and light switches.

Cupboards are customised to hold everything unsightly, and cupboard doors and floors are all pared down to a stylish simplicity,” says Watson.

Countertops

Some style trends are shifts rather than complete changes. “Like the old, thicker 32mm granite countertop,” says Watson. “Now the market wants sleeker ones, which are not only more cost-effective and use less material (the greener option), but just look better.”

Uncoloured concrete surfaces – sealed, matt or sheen finish – are relatively inexpensive in chunky, slim or sleek. As a countertop, bamboo is a sustainable material with antibacterial properties, in differing thicknesses and finishes.

Lighting

With kitchens as much living spaces as workplaces, the lighting needs to accommodate the change between a living and working environment.

WIN A

Balancing mood and functional lighting can be tricky, making dimmers and timed lighting settings popular. The greenest option (quality LED downlighters) is not only more affordable, but last years longer than incandescent bulbs.

“The trends range from large metal industrial pendant lamps to massive and glam chandeliers. This is often predicated on the size of the kitchen and whether it has distinct zones – cooking, eating, storage and so on,” says Watkins.

Clever kitchens

Remote control via cellphones or timers allows lights, ovens, music stations and televisions to be managed from a distance. A green and smart food recycler turns your food scraps into fertiliser. Watkins recommends integrating a recycle centre into your cupboards, with partitions for recycling different materials.

Work flow

You don’t want to be avoiding poorly positioned islands while wafting from one end of the kitchen to the other piecing together supplies. “The age-old rule of thumb still applies: design your kitchen to form a triangle between your sink, refrigerator and stove to ensure the best flow of traffic through the space,” says Goslett.

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STUDENTS | COMMUTERS | INVESTORS | FIRST-TIME BUYERS

STYLISH, VERSATILE, MULTI-FUNCTIONAL URBAN LIVING 1 BEDROOM APARTMENT MENLO PARK - 43m2

FROM R1.100.000

THIS PROPERTY HAS BEEN DESIGNED FOR THE ENTRY LEVEL INVESTOR!

WORK

Ideal for frequent city visitors, national business owners, first time buyers, students and young professionals.

Modern, stylish kitchen (fridge, microwave and wash/dryer included) Fully furnished option Comfortable open living area Extra storeroom Safe undercover parking 24 hr guarded security

INVEST

STUDY Zandra Labuschagne I 082 773 0791 I zandral@aidapta.co.za

ON SHOW SUNDAY, 21 July 2019 14:00-17:00

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PROPERTY NEWS

21 JULY 2019

Neighbourhood

R8,2m warehousing facility for Denver L

eading JSE-listed Reit Emira has invested R8,2m in a refurbished warehouse facility located in the popular industrial hub of Denver, Joburg.

“We have identified a need for affordable, modern and convenient warehousing space and the Denver property addresses this perfectly,” says Emira Property Fund COO Ulana van Biljon.

Located in an established industrial area with easy highway access, security and ample electrical power, the new facility offers contemporary

warehousing of nearly 9,800m2, including more than 1,000m2 of comfortable office space with a new entrance. A courtyard bridges the office and warehouse space, and both zones were fitted with energy-efficient lighting to lower occupancy costs.

“What make this upgraded industrial facility even more attractive are the affordable rental costs and generous tenant allowances,” says Van Biljon.

“It goes beyond being just another industrial property in terms of appearance, as well as the latest in warehousing tech – all in step with business needs in today’s economy.”

Invest in Mauritius from about R3,5m S

ince recent changes in the Mauritian government’s property investment legislation made it easier to invest, foreigners have been streaming to the island.

Foreign buyers can now purchase property in popular developments with close ocean proximity, starting from R3,3m (about MUR8m). Severine Pietersen, Seeff Mauritius, says an Economic Board of Development report shows that by September last year, 2,737 units were sold to foreigners, of which 22% were from SA. “There are also many South Africans who live in Mauritius on work

R600m retail boost for PE’s Boardwalk precinct T

he retail area of Boardwalk Casino and Entertainment World in Port Elizabeth will be upgraded and extended in a R600m redevelopment project next year.

Flanagan & Gerard Property Development & Investment and the Moolman Group have signed this agreement with Sun International subsidiary Emfuleni Resorts.

This project will more than double the retail space in the precinct when it relaunches in 2021. Boardwalk Casino and Entertainment World is a short walk from Hobie Beach and

currently comprises the Boardwalk Casino and five-star Boardwalk Hotel, as well as conference facilities, existing retail and a cinema complex.

The Boardwalk precinct’s retail component will increase to 26,000m 2 and includes the new Sun Park Square where major events will be hosted.

With 17ha available for redevelopment, the Boardwalk Mall is only the first phase.

In addition, a total of R11m will be invested in upgrading surrounding roads.

permits and as professionals or who have invested in schemes. Most of our long-term rentals are also to South African tenants,” she says.

Pietersen says South Africans tend to invest in properties priced between MUR8,5m and MUR20m (about R3,47m and R8,2m). Among the most popular developments starting from R3,5m, she highlights KI Resort in the northern part of the island, Mon Tresor in the south, and Cap Tamarin in the west.

“We’ve noticed South African investors want to move to Mauritius as soon as they find out they can

acquire a property with a minimum investment of just MUR6m (about R2,5m),” confirms RE/MAX 24 Mauritius broker-owner Errol Areington. “As a foreign investment opportunity this presents one of the most affordable options.”

Most non-resident purchasers prefer to let property on a longterm lease, says Areington.

“Alternatively, they can place the property in a rental pool.”

He suggests Black River and Grand Baie as investment hot spots. “Black River is traditionally where foreigners holiday and it’s now considered an elite area.”

Property development winners celebrated T he 2019 winners of the Sapoa Property Development Awards for Innovative Excellence were announced last month. The awards recognise work by property owners, designers, engineers and visionaries in South Africa. The overall winner was Discovery Joint Venture, also the winner in the

Corporate Office Developments category. Discovery Head Office was developed in a joint venture by Growthpoint Properties and Zenprop Property Holdings in Sandton.

It houses almost 7,500 people on 112,000m² of gross lettable area in an eight-storey structure above a parking

basement accommodating 5,667 cars.

Rabie Property Group’s Sable Park in Cape Town’s Century City won the Commercial Office Developments category. Designed by dhk Architects and constructed by WBHO, Sable Park consists of two buildings – the one is 8,300m² and the other 8,000m².

Completed by the end of last year, this development received a five-star rating from Green Star SA and has attracted prime tenants. Discovery occupies the larger of the two buildings, whereas MTN, ICLEI, Byte Orbit, Sasfin and TAL share the second structure.

Thavhani Mall in Thohoyandou, Limpopo, scooped the award for Rural and Small Town Development.

The 50,000m2 regional mall opened in 2017, introducing the largest selection of shopping and leisure retail in the region with 140 stores.

It was developed by Flanagan & Gerard Property Development & Investment, Thavhani Property Investments, and Vukile Property Fund.

MDS Architecture was responsible for Thavhani Mall’s design and its main construction contractor was WBHO. The shopping mall is in the precinct positioned to be the future economic hub of northeastern Limpopo.

Neighbourhood

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stneighbourhood.co.za | 21 JULY 2019

Your Home, Our Core Business

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