PAGE 3 WILL OUR INTEREST RATE HIKES FINALLY PEAK?
1 14 APRIL 2023 360 PROPERTY
PICTURE: DAVID BILLING /UNSPLASH
Eastern Cape becoming SA’s new hotspot for home buyers
BY BONNY FOURIE bronwyn.fourie@inl.co.zaTHE Eastern Cape is fast becoming the place to buy a home as it boasts some of the most popular coastal towns for semigrants and properties in the province are seeing superior house price growth.
The Western Cape might be the top pick for property buyers and South Africans looking to relocate, but its neighbour is giving it a run for its money in many aspects.
Out of the country’s major regions, ooba Home Loans states that the Eastern Cape is the topperforming area for property price growth, peaking at 7.01% during the first 10 months of 2022.
This is an increase from 6.35% in 2020 and 6.76% in 2021.
“While the Western Cape has proved to be a popular choice for both semigrants and international investors alike, the Eastern Cape continues to outperform all other major regions in terms of property price growth,” says ooba chief executive Rhys Dyer.
Looking to the key metros, Lightstone data from January to October 2022 “depicts a healthy” 7.8% house price inflation in Gqerberha. This is in comparison to Johannesburg and Cape Town at 1.8% and 4.0% respectively.
Dyer says the average purchase price for homes in the Eastern Cape has increased gradually over the past decade, with the average purchase price in the Eastern Cape rising to R1.73 million in December 2022 –just R78 725 below the average price in the Western Cape.
“First-time buyers in the province paid an average purchase price of R1.14m in February, matching the national average price paid by first-time buyers.”
Furthermore, Lightstone statistics show that the price of vacant plots more than doubled between 2013 and 2022.
The reason for this growth in popularity and property prices is because the province is home to popular areas such as Gqerberha, East London, Stormsriver, King Williams Town, Cintsa, St Francis Bay and Hogsback.
“The agriculture, renewable energy and automotive sectors are big drivers of the Eastern Cape economy, and the region recorded an employment increase of 20 000 jobs over Q4 ’22 as per the Quarterly Labour Force Survey,” Dyer says, adding that, despite persistent difficulties with water shortages and general service delivery, homebuyers are enticed by the idea of affordable, coastal living.
He says the “homebuying frenzy” can be largely attributed to three key factors:
✦ Buyers enjoying “more bang for their buck”.
✦ Further demand for holiday homes in the region.
✦ A wave of young adults, most of them first-time homebuyers, early career professionals and young families, coming into the region.
There has also been a recent increase in demand for homes from retirees (65-plus), mature (ages 50 to 64) and middle-aged (36 to 49) homebuyers.
“We expect the region to remain buoyant over the next few years as semigration continues. We also anticipate more development, commercial activities, and government support in the Eastern Cape,” Dyer says.
Alan Phillips, the regional manager for Seeff Eastern Cape and Garden Route, says Gqerberha is a “fabulous alternative” for coastal property buyers and offers lower price points.
“Residents also have access to a great lifestyle and city amenities including good schools; tertiary education, among them the NMB University; great shopping centres and plenty of leisure facilities.”
Harcourts South Africa reports that many of its offices in the country’s coastal towns, including those in the Eastern Cape, saw an increase in demand for sales and rentals during summer, compared to the same period last year.
This, says chief executive Richard Gray, suggests that buyers and tenants are looking to invest in coastal properties despite the economic climate.
“In spite of the challenges presented by the Covid19 pandemic and economic uncertainties, we have seen a robust market in many of the coastal towns we serve.
“Buyers and tenants are still interested in coastal properties, and we’ve seen strong demand across a range of property types, from apartments to luxury homes.”
Harcourts’ data also shows that many coastal towns
experienced an increase in the average property price during the summer holiday season.
Agents noted that there was a particular interest in properties that were close to the beach or had sea views, as well as those that offered good rental potential, Gray says.
“This is in line with previous years, where such properties have been popular among holidaymakers and investors.”
Apart from the usual holiday market, Harcourts observed semigration continuing to provide a strong push to coastal towns. Most coastal towns are within 90 minutes of the closest airport, making them within reach of most business hubs in South Africa.
He says many families have, and continue to, relocate to coastal towns across the country, driven primarily by safety concerns in the large metros as well as the quality of life provided by coastal towns.
General infrastructure improvements in many coastal towns have also kept up with the influx of buyers and families, with more shopping, recreational, medical, school and business facilities.
“Semigration has been a driving force behind the growth of the coastal property market in South Africa.
“It’s no longer just about buying a holiday home, it’s about investing in a new lifestyle. We’ve seen an increase in demand for properties that offer more space, better security, and access to quality amenities,” Gray says.
2 14 APRIL 2023
The Eastern Cape is home to some of the country’s most popular coastal towns. PICTURE: JOSHUA GAUNT/UNSPLASH
Offering affordable coastal living, the province is giving the Western Cape a run for its money, and there’s no sign that demand will cool over the next few years
Can homeowners expect a break from rising interest rates?
BY BONNY FOURIE bronwyn.fourie@inl.co.zaLAST month’s interest rate hike was higher than expected, leaving many homeowners wondering whether they should brace for another increase next month or look forward to rates stabilising.
It is a question economists and property professionals are also pondering.
But, as was seen with the last announcement, even expert predictions can be inaccurate.
Unfortunately, predicting rate changes can be tricky as the decision is dependent on external factors outside the South African Reserve Bank’s control, explains Rhys Dyer, the chief executive of ooba Home Loans.
“There’s been much speculation by economists and industry experts
around the peak of the interest rate cycle. However, various uncontrollable macroeconomic factors make it difficult to predict.
“Load shedding has undoubtedly had a compounding effect on economic activity, and the supply of goods, and this is evident in the recent GDP dip of 1.3% in Q4 2022.”
He does believe, however, that there is a “strong promise” of the stabilisation of interest rates in the near future as inflation starts to settle.
“On balance, we think this will be the peak of the current interest rate cycle, with the marked weakening in the economy during the final quarter of 2022 and into early 2023 – due largely to the persistent power crisis –
likely to limit the Reserve Bank’s appetite for further interest rate hikes, provided that inflation expectations moderate.”
Tony Clarke, the managing director of the Rawson Property Group, says opinions “definitely seem to be trending towards interest rates remaining where they are for some time to come”.
“Some analysts are even predicting the beginning of a downward cycle as early as late-2023.”
While this would bring muchneeded relief to homeowners, and a valuable boost to property market confidence and buyer activity, he notes that the road ahead for property is not without its challenges.
“South Africa’s economic
DISCLAIMER:
woes are weighing heavily on the property market. People are struggling to make ends meet, let alone save for big investments like property purchases. This, together with the rising costs of property finance, has steadily eroded the pool of qualified buyers.”
Although also stating the interest rate outlook is difficult to predict, Andrew Golding, the chief executive of the Pam Golding Property group, hopes that we have reached the peak of the current cycle, with the weakening in the economy likely to limit the Reserve Bank’s appetite for further interest rate hikes, at least for a while.
“This would then allow the full effects of the interest rate hikes already implemented to take effect.”
However, some analysts feel there may be yet another interest rate hike before it stabilises, he adds.
Provided there are no more surprises within global markets and the country’s energy crisis
Publisher Vasantha Angamuthu vasantha@africannewsagency.com
Features Writer Bonny Fourie bronwyn.fourie@inl.co.za
does not worsen, Adrian Goslett, the chief executive of Re/Max of Southern Africa, believes it is possible for this to be “the last interest rate hike we’ll see for the next while”.
“It all depends whether the Monetary Policy Committee (MPC) decides that the risks to inflation are under control.”
Following the “shocking” interest rate increase, High Street Auctions director Greg Dart says the private sector is not blind to the fact that the Reserve Bank has a duty of care to keep a cap on inflation, “but perhaps it needs a plan B because the current plan clearly isn’t working”.
“We all knew another rate hike would come before the end of this quarter, but the MPC should have followed the US Central Bank’s example last week and kept the increase to 0.25%.”
He believes the property market will probably cool after the hike. “The MPC’s unpredictability isn’t good for investor confidence.”
3 14 APRIL 2023
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Although a reprieve could be on the horizon, homeowners should not get their hopes up too high. PICTURE: KAROLINA GRABOWSKA/PEXELS
Industry insiders expect so but warn that external factors make it tricky to predict with certainty
FIND PEACE OF MIND AT WIDENHAM VILLAGE
WIDENHAM Retirement Village is the newest offering in the Hibiscus Retirement Villages stable.
Margate, Ramsgate and Umdoni Retirement Villages are well-established retirement villages and the Society has a proven track record of more than 60 years.
Widenham is set in 100 hectares of conservation area overlooking the sea, between the villages of Umkomaas and Widenham, 40km south of Durban and 9km north of Scottburgh.
The village has plenty to offer retirees, including two bowling greens, a swimming pool, a community centre, activity rooms, a gym and a library. Bar and clubhouse facilities are administered by the residents for the residents.
We have more than 25 activity groups, among them aqua aerobics, bridge and card clubs, fitness
groups, a garden club, walking groups and a birding club.
The Widenham Retirement Village Bowling Club is affiliated to the Kingfisher Bowling Association. We also have a nursing clinic with sisters on duty and a frail-care facility in the planning stages. Widenham offers more than 8km of walkways through the wetland and around the perimeter.
The property is fenced with electric fencing and has security cameras. The village has gate control and patrolling guards. At night, we have patrol dogs on the fence line.
We have two large water tanks and were able to supply water to our residents over the past outage. Should it be necessary, we have access to borehole water as well.
Our wetlands are conservation areas and we
are constantly monitoring them for alien plants which we remove. There is also a number of duiker, bushbuck, otter and mongoose, as well as a plethora of birds in the wetlands.
Phases 1, 2, 3 and 4 of Widenham are complete and Phase 5 is open for sales. We have 345 occupied cottages and more than 550 residents.
Phase 5 has 60 sites from which to choose. Once you have chosen your site, we will build a twoor three-bedroom unit, depending on your choice. All units are sold on the Life Right basis.
Peace of mind in your retirement is what you deserve; retire once, move once.
To visit us and experience our village and our hospitality, contact Caylin at 066 306 0669 or Jenette at 066 306 0612 from Monday to Friday during office hours.
4 14 APRIL 2023
5 14 APRIL 2023 PICTURE: EMMA FRANCES LOGAN / UNSPASH TO ADVERTISE IN KWAZULU-NATAL Sherine Budhram 0 84 460 7295 sherine.budhram@inl.co.za Antoinette Gilbert 083 793 5382 TO ADVERTISE IN WESTERN CAPE Abigail Wilmot 083 212 1141 abigail.wilmot@inl.co.za antoinette.gilbert@inl.co.za TO ADVERTISE IN GAUTENG National Listings
6 14 APRIL 2023
Widenham Retirement Village, the newest addition to the Hibiscus Retirement Village group, is set on 100 hectares of plush coastal forest in the quaint community of Widenham/ Umkomaas, just 40km from Durban. Beautiful sea and/or wetland views!!
There is no waiting list; for Widenham Retirement Village; cottages are sold on life rights basis; no transfer duties or commissions!
Don’t delay…….. Secure your piece of paradise and join over 560 Widenham residents creating a new life, learning new activities and making new friends.
7 14 APRIL 2023 1 B edroom units from R1 250 000 | 2 B edroom units from R2 200 000 3 B edroom units from R2 500 000 Call Caylin or Jenette on 066 306 0669 or 066 306 0612 to view www.hibiscusretirementvillages.co.za • widenhamsales@gmail.com • www.widenhamretirementvillage.co.za Hibiscus Retirement Villages has been in existence for 60 Years, with a tried and tested track record. Secure your Piece of Paradise RETIRE ON THE KZN SOUTH COAST Come and explore your new home! Widenham Retirement Village
CLUBHOUSE SWIMMING POOL 2 BOWLING GREENS TENNIS COURT Coming.... Coming.... Coming.... Coming.... GYM COFFEE SHOP FRAIL CARE CENTRE LIBRARY ACTIVITY CENTRE CHAPEL CLINIC 350 UNITS OCCUPIED LIVE IN NATURE AND ENJOY RETIREMENT! A vibrant retirement village with the wonders of nature, 20 hectares of wetland and protected conservation areas. NOW OPEN FOR SALE PHASE 5
8 14 APRIL 2023 dogongroup.com A visionary company with decades of experience ANDI ASHTON 062 664 0296 HEAD OFFICE 021 433 2580 LLANDUDNO - R27.5 MILLION EXTRAORDINARY 4 BEDROOM CONTEMPORARY HOME This 4 bedroom home is surrounded by majestic mountains with endless ocean views and within walking distance to the world-renowned Llandudno beach. There are double glazed floor to ceiling windows throughout optimising the exquisite views whilst maintaining a cosy ambiance. All rooms open onto the pool area. This home evokes total serenity and has exceptional attention to detail Web Ref: RL12632 ALEXA HORNE 082 349 7799 SOUTHERN SUBURBS 021 671 0258 CONSTANTIA UPPER - R33.25 MILLION AMBASSADORIAL SPLENDOUR Wonderfully light and airy, with panoramic mountain views, this stately home ushers you in via a grand entranceway with double volume ceiling, impressive Palladian-style pillars and a sweeping staircase. The interiors speak of the beauty of a bygone era brought seamlessly up to date. Here marble, mirrors, pillars and intimately crafted details prevail. Luxurious finishes and colossal spaces are yours for the taking in this exclusive home with its unique positioning and unbeatable level of elevation EXCITING NEW RELEASE Web Ref: RL12618 EXCITING NEW RELEASE EXCLUSIVE
9 14 APRIL 2023 A visionary company with decades of experience Rentals 021 433 2580 CHOICE SELECTION OF CAPE TOWN’S DEVELOPMENTS INSPIRATION EXCITES Clarens is the epitome of style, bringing a fresh elegance and understated luxury to the residential market. VAT Incl. - No Transfer Duty CLARENS FRESNAYE - FROM R3.79 MILLION Web Ref: ND39 PARADISE UNCOVERED Without compromising on luxury, 19 on Torquay simplifies modern life with a refreshing approach to lock-up & go living. VAT Incl. - No Transfer Duty 19 ON TORQUAY CLAREMONT UPPER - FROM R13.995 MILLION PAUL UPTON 071 610 8088 Web Ref: ND64 DESIGNED TO INSPIRE These luxurious 1 bed, 2 bed & penthouse apartments plus their floor-to-ceiling windows offer interiors flooded with light. VAT Incl. - No Transfer Duty THE RUBIK CITY CENTRE - FROM R2.599 MILLION LESLEY 061 439 8225 LEAH 082 608 3388 Web Ref: ND21 FULLY AUTOMATED PALATIAL FAMILY HOME This majestic home offers the ultimate in luxury living and the finest opulent details Featuring a Tesla power wall, solar panels & borehole with water filtration system CONSTANTIA UPPER - R45 MILLION ALEXA HORNE 082 349 7799 Web Ref: RL12544 DELIGHTFUL IMMACULATE FAMILY HOME Be charmed by this unique level-living, comfortable & beautifully renovated 3 bed home. Lounge and dining room flow onto a quaint courtyard, with Lion’s Head views FRESNAYE - R8.95 MILLION MICHELLE 082 321 7871 STEPHEN 082 600 5335 Web Ref: RL12628 CAPE DUTCH STYLED FARM HOUSE One large property in this expansive small holding with ample parking spaces and a pool. This property can be utilized as an events venue as well MORNING STAR - R5.85 MILLION NADIA 061 256 0020 MATTHEW 083 645 4583 Web Ref: RL12625 LANA HOLT 071 035 9458 HIDDEN GEM ON TRENDY SEA POINT STRIP This beautiful 3 bed, 1.5 bath hidden treasure has just hit the market. Come view this spacious, newly renovated apartment situated on the top floor SEA POINT - R3.899 MILLION Web Ref: RL12082 TIMELESS ELEGANCE Beautiful gracious old world charmer set on 731m2 which can easily be restored to its former and elegant glorious self. A must to view FRESNAYE - R12.5 MILLION Web Ref: RL12592 NEW RELEASE BIG CITY LIFE IN STYLE 1 Bed unit with easy access in & out of the City Centre. Situated within a stone’s throw of the CPUT. In a secure building with excellent security & a communal pool ZONNEBLOEM - R1.5 MILLION DAVYD BRUSSOW 082 468 9198 Web Ref: RL12593 LESLEY 061 439 8225 LEAH 082 608 3388 EXCLUSIVE PRICE REDUCED PERFECTLY
offers
UPPER - R3.395 MILLION Web Ref: RL12629 EXCLUSIVE STUDIO APARTMENT
SEA VIEWS
title apartment
MOUILLE POINT - R1.25 MILLION ALISON ROBB 082 956 9506 Web Ref: RL12556
RONDEBOSCH - R15.75 MILLION JANINE STEVENSON 073 168 4749 Web Ref: RL12590 EXCLUSIVE EXCLUSIVE PAUL 071 610 8088 KEAGAN 082 902 8202 EXCLUSIVE EXCLUSIVE PRICE REDUCED MICHELLE 082 321 7871 STEPHEN 082 600 5335 EXCLUSIVE
POSITIONED - INCREDIBLE VIEWS Surrounded in a peaceful environment one must view to appreciate the generosity of rooms that this immaculate lock ‘n leave
KENILWORTH
WITH
Sectional
in well established retirement home on the beachfront with superb sea and mountain views plus so much more
ULTRA-CHIC ENTERTAINER’S DREAM HOME One-of-a-kind premium property comprising of two separate erven on one title deed, offering a unique opportunity to enjoy. A must to view
R 1 295 000
2 BEDROOMS | 2 BATHROOMS
SPACIOUS APARTMENT IN DIEP RIVER.
2 bedroom 2 bathroom apartment in Clarewood, Diep River, a short walk to the station, Martins Bakery and other local amenities, above the railway line.
• Fitted kitchen with electric oven, hob and extractor and plumbing for washing machine.
• Open-plan lounge with parquet flooring
•Two double bedrooms with an en-suite bathroom complete with bath and shower. • Covered Parking bay. • Prepaid electricity
ERF: 1471m2 | HOME: 70m2 | RATES: R 450 p/m | LEVIES: R 1500 p/m
PLEASE CONTACT: Collin Mbiriri on 071 879 8564 or email cmbiriri@gmail.com or mmnyandoro@gmail.com
10 14 APRIL 2023
FOR SALE
PRIVATE
SALE
RONDEBOSCH R2,2 MILLION
RONDEBOSCH R2,8 MILLION
ROSEBANK R1,65 MILLION
R3,1 MILLION
Deco Security Complex in pretty garden setting. Charming Two Bedroomed apartment (99m²) with Fitted Kitchen & Bathroom with Shower Cubicle and Basin. *Separate Toilet. *Many extra features.*Close to Leading Schools, UCT, Shops, Kelvin Grove and Transport.
Security Complex in Pretty Garden! Spacious Three Bedroomed Duplex Apartment (115m²) with Two Balconies and Mountain Views! Lounge, Dining Room, Fitted Kitchen (in need of TLC,) Full Bathroom & Guest Toilet. Parking - first come, first serve. *Walk to UCT, Jammie Shuttle, Shops & Transport.
Charming Two Bedroomed Apartment with Fitted Kitchen (with built-in Oven, Hob and Extractor Fan) open plan to Lounge and Balcony. Two Bedrooms with Ample Cupboards. Bathroom with Shower over Bath, Toilet and Basin. **Plus Carport. Academic Mile - Walk to UCT!.
Charming and Large Modernised Three Bedroomed, Two Bathroomed Apartment with Entrance Hall, Lounge and Balcony. Modern Fitted Kitchen with built-in Oven, Hob and Extractor Fan. Close to Kelvin Grove Club, Newlands Cricket Stadium, leading Schools, Shops and Transport.
11 14 APRIL 2023 CONTACT: RH ONDA C: 082 4 48779 5 T: 021 6 8 5 221 2 E : rr p sa l es@m web. c o.z a/ ww w. rh ond araa dp rop ert i es .co.z a RHON D A
PRO PE
TI ES W e specia li se i n the S al es a nd Rent als of res i dentia l propert y i n the Southern Suburbs a nd Surrounds . Cont a ct u s t oda y f o r all y o ur Bu yi ng, Sel li ng an d Renta l need s on 082 448 7795 / 021 685 2212 . CONTACT US NOW: 082 448 779 5 Security Complex above Main Road. Large Three Bedroomed Apartment (127m²) with mountain views. Fitted Kitchen and Lounge with Balcony. *Plus Garage. *Close to UCT, Schools, Shops and Transport. Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower over Bath. Fitted Kitchen. *Garage. *Walk to Shopping Centres, Restaurants, UCT and Transport. Small Security Complex above the Main Road. Large modernised Bachelor converted to One Bedroomed Apartment (46m²) with Kitchenette, Built-in Cupboards and Balcony. Shower Bathroom. Walk to UCT, Jammie Shuttle, Shops & Transport. Small Security Complex. Two Spacious Bedroomed Apartment with lounge leading to large Balcony. Fitted Kitchen & Full Bathroom. *Parking Bay. Close to Dean Street Shops, Restaurant and Jammie Shuttle Stop. CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA RONDEBOSCH
R AA D
R
Art
ON SHOW
PM. *DEVONSHIRE
ON SHOW SUNDAY 2 - 5 PM. *KINGSTON
SOLD BY US
SUNDAY 2 - 5
HILL, 13 GROTTO ROAD.
COURT, 8 CHAPEL ROAD
12 14 APRIL 2023 Section No. 63 also known as 63 Ilala, 3 Sicklebush Lane, Simbithi Estate, Ballito) in extent of 209sqm The property is a semi-detached unit comprising of: • An open plan lounge kitchen • Three bedrooms with the main being en suite • Small study • Second full bathroom • Large veranda area with sea views. • Double lock up garage. • Paved driveway • Pool located in the complex Contact Danielle Hoskins (Candidate Property Practitioner l Registered with the PPRA) on 082 801 6827 / 033 397 1190 • R50 000 buyer's card deposit payable by EFT • 10% deposit on each purchase price payable on fall of hammer • FICA to be provided • Terms are subject to change without prior notice • Sale subject to confirmation • “E&OE” • *Bidding is subject to Automatic staggered ending times In the ex parte application of: The National Director Of Public Prosecutions, Applicant, Section No. 63 as shown and more fully described on Sectional Plan No. SS708/2006 in the scheme known as ILALA, Held under Deed of Transfer No. ST000040760/2013 (also known as 6 3 Ilala, 3 Sicklebush Lane, Simbithi Estate, Ballito), Case no. D1685/2022 Bidding opens 3rd May 2023 at 12h00 https://bidlive.maskell.co.za AUCTION OF A 3-BEDROOM UNIT WITH SEA VIEWS LOCATED IN THE PRISTINE SIMBITHI ECO-ESTATE, BALLITO Duly instructed by the Liquidators in the matter of SA Cloth CMT Specialists 1 CC (In Liquidation) ref No: B96/2022 All assets purchased are to be removed from the premises by no later than the 16 May 2023 VIEW DAYS: 25th and 26th March 2023 from 11:00am to 2pm @ Erf 49 Phuthaditjhaba-C (49 Mohale Street Qwa-Qwa) Bidding OPENS on 2 May @ 9am & CLOSES sta gger ed fr om 9am on 4 May 2023 TIMED ONLINE AUCTION 2 May 2023@ 9am bidlive.maskell.co.za For more info contact 033-397-1190 or email reception@maskell.co.za BUYER’S CARD DEPOSIT: - R10,000.00 │ STRICTLY BY EFT PAYMENTS ONLY │ FICA TO BE PROVIDED │ “ABOVE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE” “E & O e” U RGENT ON- L INE TI M E D AU C TION o f t h e e n t i re c on te n ts o f t h e S A C LOT H Q WA -QW A in c luding M o t o r ve hi c l es , C AT 650kva G e n set a nd a pp r o x . 1000 Indu str i a l se wing mac hin es in c luding Jack o ver lo ckers , fl ats , bu tt on se w, c o verseams , b artacks a n d i r oning a nd f u s ing e quip me n t .
13 14 APRIL 2023 The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 503, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above properties are subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer. In terms of the POPI Act, our contact details have been stated in this document. By responding to such, you hereby opt in for future marketing communication via email, mobile and WhatsApp. Email optout@in2assets.com to be removed from all future communication. CONTACT US FOR MORE INFO: 0861 444 769 info@in2assets.com www.in2assets.com 063 500 1652 Auction Date & Time: 25 April 2023 | 11h00 | Auction Venue: Mount Edgecombe Country Club, Gate 2, 1 Golf Course Drive, Mount Edgecombe | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller 24 PROPERTIES ON AUCTION – 25 APRIL 2023 NEAT AND MODERN OFFICE BUILDING 12 Ennisdale Road, Durban North Extent: ± 1 018 m2 | Upmarket offices Located in the popular Broadway Precinct | Neighbouring property also available LARGE INDUSTRIAL WORKSHOP PLUS OUTBUILDINGS 323 Piet Rautenbach Street & 21 Theuns Mulder Street, Brits Extent: ± 22 056 m² GLA: ± 12 598 m² | 2 Workshops | 57 Parking bays BREATHTAKING SOUTHERN DRAKENSBERG DEVELOPMENT STANDS Wild Dog Estate, Between Underberg & Drakensberg Gardens First release of 6 development stands with 24 building opportunities | Average Stand Extent: ± 2 452 m² | Combined Stand Extent: ± 14 712 m² SMALL HOLDING ON THE NORTH COAST Portion 8 of the Farm Lot 82 No. 1573, Tongaat Extent: 10.1172 Ha | ± 2 Km of the R614 Main Road | ± 8 Km from Tongaat CBD | Situated close to the Tongati River | Good quality shale within the property MULTI-USE COLDROOM FACILITY 35 Fettes Road, North End, Gqeberha (Port Elizabeth) Extent: ± 718 m² | GLA: ± 510 m² | ± 200 m² Offices/ storage | ±170 m² Warehouse | ±140 m² Cold room facility DURBAN BOUTIQUE HOTEL 25-27 Bond Street, Mount Moreland, Durban Two separate erven with combined extent: ± 8 094 m² | 13 Large executive ensuite bedrooms | Industrial kitchen, dining area, bar | Indoor, outdoor, and kiddies swimming pools, and entertainment areas | Conference room, rooftop entertainment area WELL LOCATED OFFICE IN BROADWAY PRECINCT 14 Ennisdale Road, Durban North Extent: ± 1 019 m2 | Commercial office | Ample parking | Well located | Near Kensington Square BEAUTIFUL ESTABLISHED MOUNTAINOUS HOTEL AND RESORT Katberg, Eastern Cape Extent: ± 86 143 m² | Hotel with 58 rooms (33 currently in use) with en-suites Well-equipped entertainment area Restaurant has ample seating capacity for a large number of people | Corporate events facilities 5 BEDROOM HOME WITHIN SECURE ESTATE IN HILLCREST Section 15 (Door 113) Kirtlington Park Three, 33 Surprise Ridge Road, Hillcrest Extent: ± 518 m² | 5 Bedrooms | 5 Bathrooms | Fully fitted kitchen | Study Swimming pool | Double garage | 24 Hour security AAA GRADE OFFICES IN PIETERMARITZBURG Section 16 SS Town Bush Office Park, Cascades, Pietermaritzburg Secure office park | 4 Separate offices | 2 Secure parking bays & 3 undercover bays | Close proximity to Cascades Shopping Centre INDUSTRIAL PROPERTY WITH SECTIONALISATION OPPORTUNITY 13 Hagart Road, Pinetown Extent: ± 4 245 m² GBA: ± 1 600 m² | Versatile industrial property Multiple income-generating units High potential ROI | Sectionalisation opportunity available UPMARKET MIXED-USE PROPERTY WITHIN MITCHELL PARK NODE 15 Lumsden Crescent, Morningside Site Extent: ± 2 540 m² | GBA: ± 540 m² | One of last remining residential sites with Special Consent in final stages of approval for commercial use | Potential to be sub-divided | Vacant occupation MINI FACTORY IN UMBILO INDUSTRIAL Section 1 SS Alpha Park, 69 Alpha Crescent, Umbilo Industrial, Durban Estate Late: Neville Leslie Green Master’s Reference No: 002168/2021 Extent: ± 103 m² | Mezzanine level | Ablution facilities | Roller shutter door | Access directly of Alpha Crescent HIGHLY VERSATILE INVESTMENT PROPERTY 9 Wynne Street, Southernwood, East London, Eastern Cape Extent: ± 709 m² | GLA: ± 330 m² | Vacant occupation MARKMAN INDUSTRIAL INVESTMENT Grahamstown Road, Markman Industrial, Gqeberha (Port Elizabeth) Extent: ± 6,7245 Ha Zoning: Industrial | Multi-tenanted Gross Annual Income: ± R1.4 Million HIGHLY VISIBLE WAREHOUSE 6 Magnolia Street, Braelyn Industrial, East London Extent: ± 1 721 m² | GLA: ± 2 200 m² (750m² let / 1450m² vacant) | Income: ± R62 495 ± R36 000 ending 31 March 2023) | Partially tenanted 16 TWO BEDROOM APARTMENTS IN ISIPINGO 16 Khan Lane, Isipingo Rail Site Extent: ± 2 250 m² | GLA: ± 945 m² | Repainted, refurbished apartments | Gross Annual Income: ± R766K Additional development land | Ample on-site parking | Positioned ± 3km from Mangosuthu University – Umlazi Campus RETAIL & ACCOMMODATION BLOCK 105 Dr Pixley Kaseme (West) Street, Durban CBD GBA: ± 4 500 m² | Retail Shops & 65 Rooms – Can accommodate 120 people | Potential to increase accommodation | Projected Annual Income: ± R 5.3 Million | Ramp access to first floor with secure undercover parking for approximately 12 vehicles SEA VIEW APARTMENT MORNINGSIDE Flat 51 Bowhill Lodge, 16 Gordon Road, Windermere Estate Late: Joyce Dorothy Mitchell Master’s Reference No: 013986/2022 2 Bedrooms | 2 Bathrooms | 1 Garage | Sold with vacant occupation | Communal swimming pool & braai area DURNACOL GOLF COURSE ± 6.3km off the N11 towards Durnacol, Dannhauser, KwaZulu-Natal Total Extent: ± 51 Ha | 3 Adjoining portions | Currently comprised of vacant land | Easy access off the N11 between Dundee and Newcastle 2 X NEWLY RENOVATED STANDALONE OFFICES Sections 1 & 2 SS Hurst House, 20-22 Hurst Grove, Musgrave Extent Section 1 : ± 277 m² & Section 2: ± 214 m² | Brand new, never been occupied | Near Musgrave Centre & Musjidus Salaam | 16 Parking bays ± 5 HA UMLAAS ROAD DEVELOPMENT PROPERTY D234 The Somerfords, Camperdown Close proximity to N3 | Part of Development Corridor | ± 50,580 m² Level land | Spacious farmhouse | Unlocked from agriculture | Huge upside LARGE INDUSTRIAL PROPERTY 2 Chilley Street, Richmond Combined Extent: ± 1.75 Ha | Large industrial property with improvements | Large yard areas | Ideal for trucks or manufacturing | Currently operated as a sawmill | Versatile property offering Easily accessible A-GRADE OFFICE BLOCK WITH BLUE CHIP TENANT 18 Skeen Boulevard, Bedfordview, Gauteng Site Extent: ± 3 799 m² | GLA: ± 3 850 m² | Gross Annual Income: ± R 6.5 Million (excluding recoveries) | Blue Chip Anchor Tenant – Lease Expiry 2026 | 149 Parking bays | 4 Storey modern, upmarket office block in Bedfordview Commercial Node LUKE | 071 351 8138 RAINER | 082 321 1135 TOM | 083 636 7800 MUHAMMAD | 079 458 4256 BRAD | 073 757 9533 TOM | 083 636 7800 LUKE | 071 351 8138 IN2ASSETS | 0861 444 769 MUHAMMAD | 079 458 4256 MEL | 082 976 5507 LUKE | 071 351 8138 VIREND | 071 383 1735 MUHAMMAD | 079 458 4256 IN2ASSETS | 0861 444 769 BRAD | 073 757 9533 IN2ASSETS | 0861 444 769 VIREND | 071 383 1735 VIREND | 071 383 1735 MUHAMMAD | 079 458 4256 TOM | 083 636 7800 LUKE | 071 351 8138 ALAN | 082 445 5048 LUKE | 071 351 8138 IN2ASSETS | 0861 444 769 DECEASED ESTATE BANK INSTRUCTION DECEASED ESTATE
AGENTS’ DIRECTORY
DOGON GROUP PROPERTIES
Atlantic Seaboard Office 021 433 2580
thekings@dogongroup.com
www.dogongroup.com
RHONDA RAAD PROPERTIES
Cape Town Office 082 448 7795
Email: rrpsales@mweb.co.za
www.rhondaraadproperties.co.za
SHELLEY RESIDENTIAL
KZN
Office 082 412 4463
Email: hello@shelley.co.za
www.shelley.co.za
DOGON GROUP RENTALS
Sea Point Office 021 433 2580
enquiries@dogongroup.com
www.dogongroup.com
DE PLATTEKLOOF
Cape Town 060 960 0100
Email: live@deplattekloof.co.za
www.deplattekloof.co.za
IRENE PORTER PROPERTIES
Simon’s Town Office 021 786 3947
Debbie 073 140 2543
www.ireneporterproperties.co.za
DOGON GROUP PROPERTIES
Southern Suburbs, Claremont Office 021 671 0258
southernsuburbs@dogongroup.com
www.dogongroup.com
PETER MASKELL AUCTIONEERS
KZN
Office: 033 397 1190
Email: info@maskell.co.za
www.bidlive.maskell.co.za
MURAMBI HOUSE
Wynberg Office
murambihouse@telkomsa.net
www.murambi.co.za
Address:
DOGON GROUP PROPERTIES
Western Seaboard
Office: 021 556 5600 or 021 433 2580
enquiries@dogongroup.com www.dogongroup.com
VAN’S AUCTIONEERS
Gauteng Office 086 111 8267
www.vansauctions.co.za
www.iolproperty.co.za
WIDENHAM RETIREMENT
VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612
www.hibiscusrv.co.za
www.widenhamretirementvillage.co.za
14 14 APRIL 2023
PROPERTY 360
House We have a dedicated care of our people WE OFFER THE • Private Rooms • Frail Care Centre • Alzheimers & Dementia • Fully equipped • 24 Hour Professional Three fully prepared Laundry, Daily Activities as arranged Tuckshop available Landscape Garden • Water feature All our facilities NEW easily
Murambi
Cnr Langley Road & Wellington Avenue, Wynberg,
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