Property360 - National Digital Magazine - 16 July

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PROPERTY

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CONTINUED LOW INTEREST RATES GOOD NEWS FOR PROPERTY PA G E 3

ILLUSTRATION: BRAZHYK / FREEPIK

Also inside: How residential property market may be impacted by unrest

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Residents of Howick work together on Wednesday to clean up after looters ransacked shops in the town centre on Monday. PICTURE: NARINA EXELBY NARINA.EXELBY@GMAIL.COM

The aftermath of violence and looting in KZN. PICTURE: MOTSHWARI MOFOKENG AFRICAN NEWS AGENCY (ANA)

First, let the smoke clear

Property editor, Vivian Warby, talks to experts on possible fallout of unrest on the residential market COMMERCIAL PROPERTY HIT

BY BONNY FOURIE bronwyn.fourie@inl.co.za SHOPPING malls and retail outlets in KwaZulu-Natal and Gauteng have suffered damage amounting to well over R10 billion over the first few days of unrest, looting and destruction, says Neil Gopal, chief executive of the South African Property Owners Association (Sapoa).

Damage ranges from “excessive” to “total collapse” and some property owners may not ever be able to rebuild once the crisis is over.

“Rebuilding may take two years, depending on the extent and size of the centre. Some landlords may, however, decide not to rebuild as the risk is too high for future incidents.”

While Sapoa has not yet managed to carry out a financial assessment, Gopal estimates that the damage is “well beyond R10bn”. And the further tragedy is that owners have no measures left with which to protect their properties.

“That is why we are appealing to the president to deploy as many soldiers as he can.”

Meanwhile, the eThekwini Economic Development and Planning Committee (ECOD) says the looting and rioting has resulted in GDP loss of more than R20bn.

This includes loss of stock worth more than R1.5bn and damage to property and equipment of R15bn. In addition, the crisis has negatively impacted more than 50 000 informal traders and more than 40 000 businesses – many of which may never come back.

The ECOD also notes that more than 150 000 jobs are at risk and that almost 1.5 million people in the city are at home with no income due to the unrest.

I

T IS too soon to say what the full impact of recent unrest in KwaZulu-Natal and Gauteng will have on residential property, although some shifts are anticipated.

Samuel Seeff, chairperson of Seeff Property, says the outlook will “generally depend on how long it will take to quell the current violence”.

“Obviously, the longer it takes for the government to bring it under control, the higher the risk to the economy and property.”

Tony Clarke, managing director of Rawson Property Group, agrees the industry should be able to ride the wave but only if it is short-lived.

He believes, however, if any sector will be affected, it will be the first-time home buyer, those aged between 28 and 35 years of age, who have been rising in numbers since low interest rates came into play.

He says there may be a drop in these numbers as this younger cohort weighs up their options of moving abroad or staying in the country.

Both Seeff and Clarke say, despite the unrest, the market continued to move this week

with sales recorded in Gauteng, KZN, and throughout the rest of the country.

Clarke does not believe there will be a collapse in home prices in hot spots, although both say it is a wait-and-see game.

Meanwhile, Alexa Horne, managing director of Dogon Group Properties, says if the Cape remains unscathed it might mean more people want to relocate to the province.

She has already had a few calls this week from clients in Johannesburg looking to expedite their plans to move to Cape Town and from others enquiring about property.

Denise Dogon, founder of Dogon Group Properties, says in the past year Gauteng buyers and people from other provinces made up a large percentage of their clients.

The work-from-home trend has increased this.

Seeff says they have not seen an increase in enquiries for Cape property as yet, “but bear in mind that Cape property is more expensive on a square metre basis compared to other parts of the country, so it is not as easy as simply upping and moving here”.

He added that whether the

notable influx of semigration buyers from Johannesburg to the KZN North Coast will taper down because of the riots and violence, “we will need to wait to see what the fallout will be”.

The agency bosses all describe South Africans as “highly resilient”.

“The country has experienced previous periods of unrest – think of the 1980s before the new democracy of 1994 when civil unrest was a huge threat,” says Seeff.

“We did not know whether we would be selling property again, interest rates soared to over 20%, yet the country bounced back and during the economic boom of 2000 to 2006, house prices rose by an average of 20% annually.”

He added one aspect of the events of the past few days is the importance of communities putting contingency plans in place to protect their property and economies.

The current interest rate is the lowest since the 1960s and continues to serve as a significant incentive to invest in property, hence some best activity in the market has been seen over the last three years. l Contact Vivian on vivian.warby@inl.co.za

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Interest rates unscathed

Good news for homeowners, and those wanting to buy , in the short term, despite the unrest BY BONNY FOURIE bronwyn.fourie@inl.co.za

T

HE VIOLENT unrest that has been wreaking havoc across KwazuluNatal and Gauteng is unlikely to have any impact on the next interest rate decision.

And, unless the situation carries on for a prolonged period, it will not affect the long-term outlook either, says FNB economist John Loos.

This is good news for home buyers and owners as he says the current forecast is that the interest rate climb over the next three to four years is expected to be “gentle”.

This means the monthly bond repayment on a R1.5 million property will increase only by about R600 between now and 2024, assuming the bank’s forecast plays out.

“We do not expect any movement now in the interest rates and the unrest that is going on now is definitely not going to change that. It would have to carry on for a lengthy period of time to have that effect.

“If the situation lasts just a few days and then calms down, it will probably be business as usual.”

Although parts of the economy have taken a brief knock, Loos says this will not have an impact on interest rates unless it becomes more widespread. In economics, the unrest is referred to as a “risk factor”.

“It is something that we have got to acknowledge and it does create uncertainty about the outlook but, as yet, it is too early to change any thinking with regards to the interest rates. What impact it could potentially have is still unknown.”

FNB forecasts that, by the end of this year, interest rates will probably have increased by just 0.25%.

“We don’t expect that hike this month, only later in the year, and then another two 25 basis points increases

Buyers must take into account interest rate hikes and other cost increases when deciding how much to spend on a property in the current market.

next year. The SA Reserve Bank will likely be a slow hiker, given that underlying inflationary pressures will not be too strong, and the economy is rather fragile after a lockdown-year pounding in 2020.”

This outlook is a far cry from the country’s record prime rate of 25.5% in mid-1998 when, Loos says, the Reserve Bank was raising rates in a bid to support the rand value in one of its currency dips.

“In those days the Reserve Bank’s brief was the protection of the internal and external value of the rand.”

FNB has not forecast beyond 2024, when it expects the prime lending rate to have risen from the current 7% to just 7.75%.

This is good news for existing property owners as well as those who are looking to buy now while interest rates are low.

Illustrating the impact, Loos calculates that if you have a new 100% bond at prime rate on a R1.5m house now (7% prime) then, depending on how interest is compounded, the monthly instalment will be approximately R11 629 a month.

And if the rate reaches 7.75% in 2024, the repayment on this same property, and on the same terms, will be R12 314 a month.

By contrast, at the 1998 25.5% prime rate, the monthly instalment on that home would have been R32 081.

However, houses were cheaper then.

“In those days, house prices were far lower than today to a large degree because the interest rates were so high in the 1990s.”

In addition to rises in bond repayments, buyers of sectional title properties need to factor in levy increases over the next few years when deciding how much to pay for a property in the current buyer’s market. But it is not easy to forecast how much increases will be, says Andrew Schaefer, managing director

of Trafalgar Property and Financial Services.

“It is extremely difficult to generalise as properties perform and behave very differently in terms of cost escalations.”

Important variables include: • Painted buildings versus face brick ones.

• The quality of the development, especially concerning waterproofing.

• Whether regular maintenance is done or not.

• Security provisions – big costs can be involved if security becomes an issue.

• Whether there is a pool and whether the water pipes are galvanised or not.

A “broad average” though, would be 8% to 10% annual escalation, at least, in the short-term while most buildings or complexes are still catching up with reserve fund savings.

Buyers of sectional title properties should ask to see the 10-year maintenance plan and the most recent audited financial statements, Schaefer says. This will indicate what the costs will be and what reserves are available.

“The financial statements should be up to date and show whether there is a record of consistent maintenance.”

Other charges that will increase and need to be factored in when budgeting, are municipal rates and tariffs. Loos says in recent times the CPI for municipal rates and non-electricity utilities tariffs, as well as the CPI for electricity and other fuels (not vehicle fuel, though), has been running at nearly 6%. Until two months ago, the CPI was nearer to 3%.

“The rates and tariff indices have been far outpacing the CPI inflation rates and I expect this to be the case in our forecast period to 2024 – and likely beyond... I think the theme of rising faster than CPI for the foreseeable future is a realistic expectation. This would be a reflection of the dismal state of local government and parastatal finances.”

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BUDGETING ADVICE RIGHT now, many are taking advantage of the low interest rates, however, they will inevitably rise, says Leonard Kondowe, national admin hub manager for Rawson Property Finance.

Therefore, before a buyer commits to the maximum bond they can qualify for, he recommends they do a stress test by adding on another 2% so that, if there is an interest rate hike, they will still be able to afford to pay their mortgage comfortably and not fall behind as rates go up.

“Always try and accommodate potential future increases so that you can meet your other obligations as well. Obviously, the interest rates will gradually and slowly start going up by a 0.25%.”

Not only must buyers consider interest rate increases, and hikes in rates and levies, but they must make provision for inflation rate increases in order to sustain themselves throughout periods of increase.

“You must still be able to live well and cover your basic needs plus your monthly bond payments. You wouldn’t want to fall behind on any of these payments as this may have a detrimental effect on your credit score down the line.

“Do your calculations – look at your expenses closely to see what you can cut out to gain more savings,” Kondowe says.

It is also in the best interests of a buyer or property owner to take advantage of the current interest rates to settle or close accounts, so they can be in a better financial position at a later stage.

DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright ANA Publishing. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from ANA Publishing. The publishers are not responsible for any unsolicited material.

Publisher Vasantha Angamuthu vasantha@africannewsagency Executive Editor Property Vivian Warby vivian.warby@inl.co.za Features Writer Property Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

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Durban family does a U-turn in lifestyle The Joostes have decided to go small by swopping their four-bedroom house for a bus and hitting the road

BY BONNY FOURIE bronwyn.fourie@inl.co.za

The Jooste family finally got their bus, and new home, at the beginning of this year.

W

HO DECIDED that a home had to have four walls and a roof, and be built in a certain style?

Who decided that the bigger your house, the more status you have? And who decided that you have to work yourself half to death in order to have a pile of stuff – most of which you can never get to actually enjoy – to mean you have made it in life?

These are the questions the Jooste family of Durban pondered for many years and which, ultimately, led them to make a massive life change – moving from a traditional house into a bus.

For the family, the idea of “living small” began as a joke. That is, until 2018, when it started to become more of a decision.

It was at the end of that year that Liezel and her husband Jacques, and their two children, Colby, 17, and Calisra, 12, decided not only to downsize drastically, but to swop a brick-and-mortar home for one on wheels.

“Our decision to go small was based on a few factors,” says Liezel.

These included the cost of housing as the family was paying “huge amounts” of rent each month, and the minimal amount of time they actually spent in their home.

“We were almost never home, and to pay all that money every month for a house we only ate in, cleaned and

slept in seemed like a huge waste.”

The family was also considering the environment and their quality of life when they chose their new lifestyle.

“I wanted to play my part in reducing my footprint. I was raised to love nature, and if each of us does a little, it can go a long way.

“We also wanted to reduce our stress levels and have more freedom.

As a mental health advocate this is extremely important to me,” Liezel says.

PUTTING PLANS INTO ACTION The Joostes started their preparation by moving from a large four-bedroom house into a two-bedroom flat, going through the downsizing process one step at a time.

“While living in the flat we purchased a caravan so we could save even more on rent and also started saving up for a bus. During this time we continued to downscale.”

In June 2019, after sorting out a few things with their caravan, the family plus their two miniature pinscher dogs, moved into it.

They increased their drive to save money and look for a bus they could eventually call home. Once they had found their bus, a deal was arranged whereby they swopped their Jeep for the 32-seater and they collected it in January this year.

“Since then, we have been working

on converting the bus into our home.

We have been doing all the work ourselves which actually makes it even more special.”

While the bus is not 100% ready, the family has just sold their caravan and will be moving into it next week, finished or not.

DAILY LIFE Liezel explains that the family’s daily routine in the caravan has been the same as it would have been in any “normal” house. Life in the bus, though, will be “a bit different as it is mobile and will give us a lot more freedom”.

“Our kids are still in a traditional school, and we still have work where we go every day, but soon we will get to choose where we spend the night and could wake up to a different view every morning.”

She adds: “We have raised our children to be open minded and have involved them in the decisions and processes since the beginning. And each step has been met with a lot of excitement. The children did not have to adapt too much as, as long as we explained everything to them properly, they embraced it. It really is all about one’s mindset.”

On this note, Liezel says: “I choose not only to live in a tiny house, but have a home full of love and a life of freedom and joy.”

SAVING MONEY, PLANET AMONG BENEFITS LIEZEL Jooste says there are so many pros to their new lifestyle it is hard to mention them all. But the main ones are: Quality of life: Living small and letting go of all the “stuff” you think you need reduces your stress levels immensely. Only once you start making the changes do you realise that you actually don’t need most of the stuff you think you do.

Saving money: The monthly expenses of being in a tiny house are a lot less than those of a traditional house.

Freedom: If your tiny house is on wheels, like ours is, you have the freedom to go anywhere anytime – and you have your house with you. No more planning for that trip down the coast – just start up your engine and off you go.

Helping the environment: By living small, you reduce your footprint. We use less power and also plan to be completely off the grid soon, so we will not use traditional power at all. You also use less water. At the moment, we use an average of only 20 litres to 25 litres of water a day in the caravan, and that includes showers for all four of us. Only the laundry uses more water. Once the final plumbing is set up in the bus, we will use even less.

Better family time: Being in a smaller space together means you get to spend quality time with your family.

Life skills and values: It teaches everyone more respect, understanding, compassion and patience for those around them.

It also helps to teach children the importance of helping out and doing their part – a much-needed skill in this day and age.

We have not experienced anything that we could call a negative as yet. As long as you are open minded and willing to adapt, the things you may see as inconveniences in the beginning become part of your normal lifestyle and daily living.

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LOCAL IS NOT ALWAYS SO LEKKER VANLIFE overseas, and as

depicted on YouTube and social media, can be very different to vanlife in South Africa. Not only can security be more of an issue, depending on where you are travelling, but there are certain rules that need to be adhered to – some of which are unique to this country. You are not allowed to park on the side of the road here, so most local vanlifers park in caravan parks, campsites, national parks, or in the parking areas of bed and breakfast establishments, all of

PICTURE: HILARY BIRD/UNSPLASH

which incur fees.

Van life offers many benefits and can be a beautiful way to live, as long as one is aware of the downside.

PICTURE: ALEX AZABACHE/UNSPLASH

PROS AND CONS OF VAN LIFE PROS Financial freedom from usual monthly bills Travelling and living on your own schedule Having a connection to nature Meeting new people Enjoying new life experiences Living a simpler but more meaningful life

On the road...

But the vagabond life is not always a happy one

vivian.warby@inl.co.za

CONS Lack of space Find safe and private spaces to shower Vehicle breakdowns Stigmas Fuel is expensive Lack of community and good friendships

H

AVE you ever dreamed of giving up your bricks-and-mortar life, leaving your job, converting an old van into a home and taking to the road? If yes, then join the growing club of “vanlife” enthusiasts.

Living in a mobile home has gained traction over recent years with social media and YouTube documentaries stirring many people’s desire to live a simpler and greener life while also being able to travel.

But “vanlife”, or #vanlife as it’s popularly hashtagged on social media, is not always the dream that wannabes envisage it to be – it can actually be quite complicated and far from glamorous.

Many who have chosen to live like this are disgruntled by the luxury images social media use to portray the lifestyle,

particularly because it gives people the wrong impression of why they chose to live as they do.

You only have to do a search to be taken on an idyllic journey with – usually Millennial – couples who give a blow-by-blow account of how they converted an old van and then set off on the road. Row after row of picture-perfect views from their vans are to be seen on their Instagram accounts.

The hashtag advertises vanlife as a wealthy and comfortable way of living when, in fact, it is often the opposite with many vanlifers living without high-end luxuries – not through choice but necessity.

The point, after all, says one such vanlifer in Canada, Matt Watson, is the joy that is to be found in simplicity – something that those glamming it up miss out on.

Others say the images posted on social media are just glorified photo opportunities and largely responsible not only for the incorrect image portrayed of vanlife, but also the false lure of the lifestyle.

In short, they do not support how their chosen lifestyle is being sold to the world.

Vanlife is not for everyone, as many wannabe vanlifers have found over the years. After selling up most of their worldly possessions to buy a van, bus or mobile home, the often harsh realities of the lifestyle set in.

Some of the downsides?

Serious mechanical problems with the vehicles, that can sometimes be expensive, the problem with finding safe spots to park and the community you would expect between vanlifers on the road is often missing.

Also you have to find places to shower which offer some level

of privacy which can be difficult.

Of course, the solution to this would be to install an indoor shower but that takes away from already limited space.

Depending on the type of van you have, the living space can range from 3m² to 20m², including living, cooking, and sleeping areas and the toilet.

Most vanlifers prefer to only use their composting toilets when they are in remote areas, opting to use public toilets in when they are in urban areas.

Claire Craig’s realistic take on vanlife on her YouTube channel puts it like this: “You see people with a boyfriend, a dog, always smiling in this van and you think it’s perfect. But it’s not.

“Yes you save rent money but fuel is really expensive. Also if you’re not a digital nomad, making money is difficult... and I did eat a lot of tinned beans to help cut costs as I didn’t have an

advanced van with a stove and refrigerator.

“Some vanlifers have ablutions onboard that have to be emptied out. I didn’t have that so also had to drive till I found a place to go to the bathroom.

“Weather is another factor I didn’t think of – heavy torrential rains mean some of that water ends up in your van... and mind the mould!”

To put it simply, vanlife can be tough, and so, if you want to pack up your life as you know it and hit the road, you need to be doing so for the right reasons – and be prepared for the challenges, which include that transient living can wreak havoc on your mental health.

There are, of course, a number of beautiful benefits to living life on the road, so you need to balance all the elements before choosing to embark on such a lifestyle.

PICTURE: NATHAN DUMLAO / UNSPLASH

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HeRe’s wHy you sHoulD coNsiDeR usiNG a boND oRiGiNatoR Using a bond originator when applying for housing finance is widely accepted as a good idea. The sheer convenience of having a professional handle the nitty-gritty of the application process is usually enough to convince most buyers.

Here’s some insight into how bond originators work towards getting the best deal possible for you.

Driving competition for your application If an application is submitted via an originator, the bank immediately knows that every other reputable financial institution is also seeing that application. They know that if they don’t put their best offer on the table, they could easily lose out to a more competitive institution. If, on the other hand, an application is submitted by an individual, then there is typically less pressure for banks to be as forthcoming.

Very few individuals have the time or energy to apply to every single bank – they tend to just pick a few that they think are the most likely contenders. Banks know this, so they are not as competitive, and the offers they present are often higher as a result.

Polishing your image Bond originators are also highly skilled at presenting your financial history and current circumstances in the best possible light for each institution.

Bond originators, build relationships with banks and learn a bit about what they like and what they look for in applicants. That enables them to tailor applications to appeal to each bank in the best possible way.

More than that, originators also advocate on behalf of their clients to ease concerns banks may have about the client’s past, present, or future prospects. They can explain your situation and argue on your behalf. That can be difficult to do as an individual since it’s often tough to get face-time with a bank representative.

Driving a hard bargain By approaching all viable financial institutions and presenting your application in the best possible way, most clients get reasonable offers out the gate when using an originator. These negotiations are a delicate balancing act that plays on the competitive nature of financial institutions to drive the offered interest rates as low as possible.

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RHONDA RAAD PROPERTIES

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CONTACT US NOW: 082 448 7795

We specialise in the Sales and Rentals of residential property in the Southern Suburbs and Surrounds.

Contact us today for all your Buying, Selling and Rental needs on 082 448 7795 / 021 685 2212.

CITY CENTRE R1,675 MILLION RONDEBOSCH R1,575 MILLION CLAREMONT UPPER R1,695 MILLION RONDEBOSCH R2,6 MILLION RONDEBOSCHR1,15MIL-R1,95MIL

Spacious & Modernised 7th Floor Art Deco Studio in Sought-After Holyrood with GlassEnclosed Balcony & Breathtaking Mountain Views over the Company Gardens. Walk to Shops, Restaurants & Transport.

Small Security Complex. Spacious Two Bedroomed Apartment with Lounge leading to large Balcony. Two Bedrooms with ample Cupboards. Fitted Kitchen & Full Bathroom. *Parking Bay. *Close to Dean Street Shops, Restaurant and Jammie Shuttle Stop.

24 HR Security Complex in beautiful gardens with communal swimming pool and braai area. Spacious Two Bedroomed Apartment with Lounge and Balcony with views Kitchen & Shower Bathroom. *Parking Bay.

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.

24 HR Security Shareblock Complex in pretty garden setting. Choice of One Bedroomed & Two Bedroomed Apartments with views! Catering and Cleaning Facilities. *Includes Garage / Parking.

CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: rrpsales@mweb.co.za / www.rhondaraadproperties.co.za

ESTATE AGENTS A special offer to

Estate Agents during this Lockdown period FOR

ONLY R495PM Excl Vat.

THIS PACKAGE INCLUDES THE FOLLOWING: • Unlimited listings for sale and to let • Unlimited uploads of virtual tours with a Youtube URL • Unlimited access to our showhouse facility • Pay as you go month-to-month advertising • No charge for leads • Branding - your agency logo on each listing to promote your brand • 2 Featured listings each month • Access to the system backend to track your leads

Contact LEIGH to get your listings visible 074 991 3373 or leigh@property360.co.za www.property360.co.za

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TIMED ONLINE AUCTION BIDDING OPENS AT 12 NOON ON WEDNESDAY THE 4 th OF AUGUST 2021 Bid via our APP: https://bidlive.maskell.co.za

Duly instructed by the Trustee of the Insolvent Estate: SS Sambo, Master Ref. no.: G879/2018

INSOLVENCY AUCTION OF A 3-BED FAMILY HOME WITH SEMI DETACHED OUTBUILDING LOCATED IN ALBERTSKROON, JOHANNESBURG 7 Fifth Street (also known as Long Street)

BIDDING OPENS AT 12 NOON ON WEDNESDAY THE 4th OF AUGUST 2021 & CLOSES AT 12 NOON ON THURSDAY THE 5th OF AUGUST 2021 Download our APP “Peter Maskell Auctioneers” – from IOS or the Play Store OR visit https://bidlive.maskell.co.za

Contact Danielle 0828016827 / danielle@maskell.co.za • R50 000 buyer's card deposit payable by EFT • 10% deposit payable on fall of hammer • FICA docs to be provided • Auctioneer’s commission of 6% + VAT on purchase price payable by purchaser on date of auction • Viewing strictly by APPOINTMENT ONLY • Sale is subject to confirmation • "ABOVE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE (E&OE)

AUCTIONS There is a commonly held belief that property auctions are a good place to pick up a bargain because auctioneers often handle sales in execution / property reposessions / liquidations.

Our dedicated auction section allows auctioneers to showcase their properties to buyers looking for these bargains.

THE AUCTION SECTION OF THE PORTAL OFFERS: • Advice to buyers • Auction news • Recommended auctioneers to deal with • Diary of upcoming auctions Contact LEIGH to get your listings visible 074 991 3373 or leigh@property360.co.za

www.property360.co.za

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TOP ADDRESS IN HYDE PARK, JOHANNESBURG!!

STYLISH AND SPACIOUS RESIDENCE WITH SWIMMING POOL ,TENNIS COURT & MORE ONLINE LIQUIDATION AUCTION

In liquidation: Sandton Property Developments 2001 (Pty) Ltd. Master’s ref: G1160/2020

ONLINE BIDDING: 12:00, 10-11 AUGUST 2021 BID AND REGISTER: www.vansauctions.co.za AUCTION OF: 81, THIRD ROAD, HYDE PARK, JOHANNESBURG Extent: ± 3000 m² Improvements: Ÿ Entrance hall, lounge, dining room with sun room & family room Ÿ 4 bedrooms Ÿ 3 bathrooms (2 en suite) Ÿ Separate toilet Ÿ 2 TV rooms, kitchen & scullery Ÿ Office area (outside house) with bathroom & kitchenette Ÿ Double garage Ÿ Swimming pool & pool house with bathroom & kitchen Ÿ Tennis Court Ÿ Closed patio & open patio Ÿ Entertainment area & bar area Ÿ Domestic quarters: 2 rooms, bathroom & kitchen Ÿ Guard house Ÿ Flat: Inside the house with 2 bedrooms, 2 bathrooms, kitchen, dining room and TV room Ÿ Outside shower and toilet

WEB21/0141

AUCTIONEER’S NOTE: A beautiful mansion with and excellent address on a large stand with a swimming pool and tennis court.

An opportunity not to be missed!!

Tennis court

R100,000 registration fee, 10% deposit: Bidders to register & supply proof of identity and residence. Regulations to Consumer Protection Act: www.vansauctions.co.za Rules of Auction to be viewed at 36 Gemsbok Street, Koedoespoort Industrial, Pretoria.

Tel 086 111 8267 | Auctioneer: Anton Shand

BIDDERS TO REGISTER ONLINE, REGISTRATION FEE OF R100,000 PAYABLE VIA EFT ONLY, FICA DOCS REQUIRED TO BE ABLE TO REGISTER.

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Have you discovered these DIGITAL MAGAZINES yet?

Click here to read our magazines now.

To receive all our FREE digital magazines directly to your mailbox, email iol.magazines@inl.co.za with the word Digital.

Advertising Sales queries: Charl Reineke | charl.reineke@inl.co.za

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