3 APRIL
ADD VALUE:SPRUCING UP CBD
Property market reaps SRA rewards DALEEN FOUCHÉ An attempt to spruce up the local Central Business Districts (CBD) may also have a positive spin-off for the Helderberg property market.
New associates of Keller Williams Realty in Somerset West.
Keller Williams Realty Boland shows exceptional growth Only a month after opening, Keller Williams Realty in the Boland has already shown rapid growth and is now aiming at achieving even greater success. This trend-setting agency has already recruited 23 agents and secured sole-mandate stock worth more than R70 million since its Boland launch in March. “We are truly privileged to have this team of quality associates joining us at Keller Williams Realty in Somerset West,” says Wayne Heidmann, regional manager for Keller Williams Cape Town. Keller Williams Realty in the
Boland is following its national as well as international trend of rapid growth. It is the biggest real estate agency in North America by agent count and opened its doors for business in Gauteng, South Africa, just more than a year ago. It is the fastest growing region outside North America. Heidmann says Keller Williams Realty offers its associates unparalleled career growth and lifelong learning opportunities in the real estate industry. “We know our team will be a great fit and it is our customers
who will truly benefit from them joining us. With our state of the art systems and coaching programmes we strive to grow each one of our agents by achieving their business goals.” Heidmann says their Keller Williams Realty office at the Habitat Centre, Somerset Mall, is open to all. “Please feel free to join us for a coffee at our new offices and we will assist you with all your real estate needs.”
. Read about the Keller Wil liams Millionaire Real Estate Agent Roadshow on page 3.
Building owners in the Strand CBD have agreed to establish a Special Rating Area (SRA) in an attempt to clean, secure and revitalise the business hub of Strand. Under an SRA, property owners will pay additional rates, which a committee will manage according to a budget that addresses agreedupon needs, such as security, cleansing and marketing. Daantjie Malan, who is part of the team that heads up the SRA, says the proposed SRA will be presented to City Council in July. If approved, the SRA for Strand CBD will be implemented in September. Malan says other SRA’s in Cape Town, especially in the city centre, have had a positive impact and increased property values. A similar proposal is being formulated for the Somerset West CBD by the Somerset West CBD Building Owners Forum. This proposal, however, is still in the planning stages. Sakkie Kotze, team leader of Engel & Völkers, says if the CBD is
made secure, and potential buyers are assured of a safe environment, it will have a positive effect on the local property market. He says one of the first things that potential buyers ask about a property is how safe and secure the surrounding area is. Carl Nagel, who manages the residential team at Rose McFall Properties, believes that if an SRA for the Somerset West CBD is approved and successfully implemented, it will add value to property in the CBD. “It will allow our town centre to become more family friendly, even in the evenings, which will bring more feet and ultimately more rand spend. That extra income will justify building, security and infrastructural investment, which will in turn justify rental increases.” Nagel explains: “It’s not just the CBD that will be positively affected, the entire town will feel the benefit from an upgraded and secure centre. “Safety and security are paramount to visitors and potential buyers, if we can deliver that on our Main Road then we are moving in the right direction.” Principal of Remax Helderberg, Lee Siebert agrees that property value will increase if the SRAs are successfully implemented.
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