Property360 - National Digital Magazine - 1 July 2022

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FINANCIAL PRESSURE LEADS TO MORE HOME SALES PAGE 3

1 PICTURE:PAVEL COTTONBRO / PEXELS

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THERE are many benefits to co-ownership but you need to be sure you know what this entails and how to protect yourself, your relationship and your investment.

PICTURE: RF._.STUDIO/PEXELS

How to buy property with someone else and share the expenses – and risk

Opting to go this route with a partner, friend or family member can be a good way to take that first step on the property ladder or start an investment. But you need to be sure you know what this entails and how to protect yourself. your relationship and your investment

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

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HERE ARE many benefits to co-ownership and, just like an individual bond application, parties entering into joint purchasing need to get their financial lives in order.

If a problem is found with one applicant, the entire home loan application will be declined.

Therefore, all parties will need to polish their financial profiles, says Leonard Kondowe, the Rawson Property Group finance manager.

Financial readiness • Ditch the debt Debt is one of the first things banks

look at when it comes to assessing bond affordability.

It doesn’t matter how many applicants there are – bad debt will count against you.

To qualify for the largest bond at the best interest rate, Kondowe recommends getting rid of unnecessary store cards, credit cards and loan. If you can tighten your belts to pay off things like car loans, even better.

“Ideally, you need as few expenses coming off your bank accounts each month as possible.

This shows the bank that you have sufficient disposable income and

that each of you is serious about your financial health.”

• Put your best foot forward Chances are, one person’s financial profile will be stronger than the other(s) on a joint home loan application. Whether that’s because of a higher income, better credit record or more stable employment, it makes sense to play up those strengths.

“It’s smart to make the most attractive applicant the primary applicant on your joint home loan.

Think of it as putting your best foot forward to give the banks a good first impression.

“It’s not going to make up for any serious black marks on other applicants’ records, but can help boost your overall profile enough to encourage lenders to come to the table with their best offer,” he says.

Get the legal stuff sorted Most joint buyers will usually get an attorney on board to draw up a detailed co-ownership contract before they apply for a home loan, says Carl Coetzee, the chief executive of BetterBond.

But note that such a contract carries no weight with third parties like banks and municipalities.

This does not mean that a professionally drafted contract is unnecessary. In fact, if you do not have one, it will automatically be presumed in law that each signatory has an equal share to the property, which might not be the case. And this is how the title deed will be registered at the Deeds Office.

Know who pays for what There are several costs involved in buying a property beyond your basic bond repayments.

These include one-off costs like your deposit, transfer and legal fees; and ongoing expenses like insurance, maintenance, rates and levies, says David Jacobs, the Gauteng regional sales manager for the Rawson Property Group.

“It’s obviously very important to know how much you can each contribute to bond repayments, but you’ll also need to assign responsibility for the rest of the costs associated with your purchase and property ownership.”

Understand who owns what Most co-owners match their ownership proportion to the proportion of costs they cover. For example, if one partner commits to paying 70% of the expenses, that partner will usually receive a 70% share in the ownership.

“Just remember, the default division of ownership on a shared property purchase is 50/50. If you want something different, this needs to be clearly specified in all the applicable documentation,” Jacobs says.

Although the share of the property that is owned by each purchaser can be stipulated in the title deed and then registered at the Deeds Office, Coetzee says the banks will always want both or all parties to sign that they will be ‘jointly and severally’ liable to repay that loan. In their eyes, it’s a collective commitment. This means the bank is entitled to recover the debt from all the debtors, in proportion to their share.

“Or, if necessary, the bank can recover the whole amount from any one of the signatories.

“So, if one co-owner falls on hard times and stops paying for some reason, the others will have to make up the shortfall.”

If the remaining owners don’t bridge the gap and the loan then falls into arrears, the bank can call up the debt and demand that all, or just one, of them settle the debt, at the risk of having the property repossessed.

This is the same procedure followed by municipalities concerning rates, water and electricity accounts.

Note who will be living on the property Whether joint owners will be living together in the home – as would be the case of romantic partners, or if it has been purchased as a rental investment property, Jacobs says this needs to be clearly stated in the co-purchasing agreement.

“If only one of you will be living there, will that person pay rent for the privilege? Will this affect the division of costs like rates, levies, and maintenance?

“If you’re planning to rent the property to a third party, you’ll also need to consider the responsibilities

of managing tenants and how you will split the rental income and/ or costs.”

The possibility of financial problems Echoing Coetzee, Kondowe explains that if one party in a shared bond is unable to cover their portion of repayments, the lender wil hold the other bondholder or bondholders liable for the shortfall.

“It’s always best to have a clear procedure for recovering these costs fairly, and handling any situation in which the other bondholders cannot cover the extra expense.”

In this event, he recommends bringing the lender into the loop before resorting to desperate measures.

“Banks are very understanding and willing to compromise to help bondholders through tough times.”

Kondowe adds that bond insurance can protect against unforeseen financial challenges, covering bond repayments for the policy holder in the event of death, disability, loss of income or dread disease.

Things to do when you need to sell It is vital for the co-ownership contract to spell out what will happen if co-owners go their separate ways, Coetzee says.

“Problems can and do occur if one co-owner wants to sell but the others don’t or if, sadly, a co-owner dies.

“There should be some sort of opt-out clause in the contract so that if someone wants or needs to sell their share, the remaining co-owners will have first option to buy.”

He says the contract should also include the option of not buying out a partner’s share. It should stipulate that the whole property has to be sold and the proceeds divided according to the original shareholdings.

Jacobs adds: “Don’t forget, you’ll also need to agree on the division of costs – compliance certificates, last-minute repairs and estate agent’s commission, as well as any profits from the sale.”

It is also important for co-owners to each have a last will and testament, specifying what happens to their portion of the property investment in the event of their death, he says.

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MOST sellers are downscaling either due to financial stress or life age. PICTURE: THIRDMAN

South Africans under pressure to sell their homes

Many of them are giving up their homes for reasons that vary from financial contraints to emigration and the need to downscale because of age BY BONNY FOURIE bronwyn.fourie@inl.co.za

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NB’s most recent property barometer statistics reveal that in February, most sellers (21%) were giving up their homes in order to downscale due to age while 18% were selling due to financial stress.

When looking at property price segments, the data shows that 28% of sellers of houses valued at R750 000 and less are downscaling to more affordable accommodation as a result of financial pressure.

This is the only price segment in which financial pressure accounts for the most property sales, with selling/downscaling due to age leading the reasons across all other price segments.

Interestingly, selling for the purposes of upgrading to bigger and better properties accounts for 15% of sales – the third most common reason for selling.

While emigration-related sales account for only 9% of sales across the board, the sellers of more expensive homes, with 15% in the R2.6 million to R3.6m and R3.6mplus segments, are listing their homes for this reason.

FIND US HERE: @iolproperty @iolproperty @iolproperty.co.za

Gerhard Kotzé, the managing director of the RealNet estate agency group, says a quick survey of RealNet principals around South Africa has revealed that the main reasons for selling depend on the area, and also whether owners are selling their primary residences or secondary properties such as rental units and holiday homes.

“In the latter case, the main reason for selling now is clearly financial pressure, with owners seeking either to free up cash or to cut their monthly expenses.

“However, when it comes to primary residences, the main reason for selling, currently appears to be semigration, downscaling for the over-fifties, and consolidation of families.”

He adds that he has not seen a predominance of sales yet due to financial pressure, although the number of homes being entered into the banks’ distressed sales programmes is rising – a “clear indication” that a big shift in the market is coming as interest rates continue to rise.

“As for emigration, many of those who had plans to leave

South Africa appear to have put those on hold, and such sales account for a very small percentage of the total. What we are seeing, to an increasing extent, though, is the movement of families to secure estates, so that the breadwinner can work abroad on long contracts.

“Highly skilled South Africans are increasingly head-hunted for well-paid positions in the Middle East and the rest of Africa, for example, where they may come home only a few times a year, and they want their families to enjoy safety and a good lifestyle while they are away.”

Most semigration, Kotzé notes, is to the Western Cape from other parts of the country, with Cape Town, the Hermanus area, and Garden Route towns being the favourite destinations.

In addition, family consolidation, which has increased since the pandemic and the forced separation of various family members due to lockdowns, is driving the sale of separate homes for parents, grandparents and grown children, and increasing

the demand for homes where two or more generations can easily be accommodated together.

“These include family homes with ‘granny flats’ or cottages, and larger properties with multiple residences.”

He notes too that plans to downscale are a “major sales driver” for many homeowners in their fifties and sixties, especially if they are empty-nesters tired of managing, maintaining and paying the rates, security and insurance costs on big family homes.

“But once again, the main consideration for such sellers is often not financial, since they will often spend as much or more on their new homes.”

Since the onset of Covid19 and the “huge reduction” in the interest rates, property sales and values have been “positively affected in the Western Cape”, says John Weston, the sales partner for Rawson Properties in Bergvliet, Constantia and Ou Kaap.

Many property owners have taken advantage of the low interest rates and the opportunity to upgrade into better areas – often into sectional title complexes, for security reasons. Younger families are also selling, so they can buy higher-value properties in better areas closer to good schools.

There has also been a “surge” in sellers emigrating now that other countries have reopened their borders, he says.

In many instances, young families and their parents have been selling their homes, and then combining the profits to purchase dual-living accommodation.

In his area, there are “very few” stressed sales happening, thanks to the banks having given many homeowners payment holidays.

“This has encouraged good equity growth in property, particularly in the lower end of the market. Another factor for people selling their homes is that the banks have made it attractive

by offering good interest rates and often 100% to 105% bonds to assist particularly first-time buyers.”

Weston adds that many people have sold their properties to buy bigger ones as they require workfrom-home space.

“The huge reduction in travel costs, particularly where both parents work from home and previously travelled in two cars, allows for a larger bond repayment and more spacious living accommodation, without affecting bottom-line income.”

Elsabe Lombard, the sales partner at Rawson Amanzimtoti and Scottburgh in KwaZulu-Natal, says most sellers are leaving the province, either to semigrate for work or emigrate.

Those who are selling to stay in the area are downscaling, often to lock-up-and-go apartments.

In Gauteng’s Waterkloof and Faerie Glen areas, Bertie Lombard, the franchisee for Rawson Properties there, says most people are selling to either downsize or retire.

“On the flip side, younger people are selling their starter bachelor or two-bedroom units to buy bigger homes to accommodate growing families and in areas close to schools. The buyers are especially buying in estates for security reasons… A handful of our clients are selling to move to the Western Cape.”

The main driving factor for buyers moving to coastal and country areas remains semigration, says Barbara Larney of RE/MAX Town and Country.

“The most activity is seen at the coast (Gansbaai and surrounding areas), especially between the R2.5m and R5m price range.

“Remote working and people wanting space, security, and an outdoor lifestyle is still a major trend. Buyers are looking for a quality lifestyle, but they are also looking for value because of the current global economic status.”

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.com Executive editor Vivian Warby vivian.warby@inl.co.za Features Writer Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

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O Interest rate increases start to bite for commercial property market Business conditions less that satisfactory, given supply chain disruptions and the ripple effects of the war between Russia and Ukraine,among others

NLY the industrial property market’s activity rating is rising, according to FNB’s Commercial Property Broker Survey for Q2 2022.

The percentage of broker respondents perceiving business conditions to be satisfactory, declined slightly in the survey, from 47% in the quarter before to 46%, says FNB commercial property economist John Loos.

“This decline comes after a prior rising trend, remaining at a mediocre level. This reflects an economy battling to fully recover from the very deep recession of 2020 and, more recently, pressured by rising interest rates.”

When asking brokers for their ratings of market activity levels, he says the group of respondents remain upbeat about the industrial and warehouse property markets.

“Rising interest rates may have begun to dampen the spirits of the market. Prior to the Q2 survey, sales activity ratings had been on a rising trend in all three property classes following the easing of Covid-19 lockdowns.

“We believe that this ‘normalisation’ from a Covid-19 point of view may have had a positive impact on the economy as well as property markets. But global supply chain disruptions had been contributing to building global inflationary pressures and, more recently, the war in Ukraine and resultant sanctions and boycotts on Russia, have further exacerbated the problem.”

The result, Loos says, has been 1.25% interest rate hikes by the SARB since late-2021, with a further 1% expected this year.

“Future broker surveys will give us insight about whether the events will dampen the commercial property market further but we would expect to see some weakening in the near term.”

COMMERCIAL property agents are, however, upbeat about the industrial and warehousing property markets. PICTURE: RICH HOWARD

Selling your home?

Three inexpensive ways to upgrade your bathroom and kitchen

INSTALLING LED light strips underneath overhead kitchen cupboards is an easy way to modernise the room. PICTURE: MAX VAKHTBOVYCH/PEXELS

KITCHENS and bathrooms have long been known to be the most important rooms in a home when it comes to selling, with experts advising that these areas be the first to be upgraded if renovations are being made before listing a property.

When you consider that kitchens and bathrooms tend to be among the most expensive rooms to update, it is no wonder they sell homes.

However, for those who do not have the budget to undertake an expensive remodel,

Re/Max of Southern Africa shares three tips on how to upgrade kitchens and bathrooms without breaking the bank: 1. Replace handles and taps A quick and easy way to make a room feel more modern or add character is to change cabinet handles. Handles of all shapes, colours and styles can be found at hardware stores and can cost less than R15 each. Although pricier to replace, a rusty or outdated tap can also make the room feel like it needs an upgrade. You could get away

with spending about R1 000 to R3 000 to replace taps, which can create a whole new look and feel to the room.

2. Paint the walls and/or cupboards Replacing kitchen cupboards or the bathroom cabinet can be costly. For a more affordable solution, purchase a high-grip primer and a high-quality paint designed for cabinets. Depending on the size of the room and how much you have to paint, you could spend R1 000 or more on paint and related supplies. A fresh coat of paint on the

walls can also work wonders at updating the space – just make sure that the paint is moisture resistant.

3. Upgrade the lighting An outdated light fitting and inadequate lighting can make a room feel dark and dated. Replacing a light fixture is a simple and affordable way to brighten up a space.

Installing LED light strips underneath overhead kitchen cupboards is also an easy way to modernise the room. Try shopping around at thrift stores or outdoor markets.

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5 PICTURE: JEAN VAN DER MEULEN/PEXELS

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National Listings T O A D V E RT I S E I N K WA Z U L U - N ATA L Sherine Budhram

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TO ADVERTISE IN GAUTENG Antoinette Gilbert 083 793 5382

antoinette.gilbert@inl.co.za

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Steenberg Green, Zwaanswyk Road, Tokai, Cape Town is poised to become the ultimate residential address for those who wants to live a lifestyle that offers endless opportunities. It is time to discover an estate unlike any other and a home beyond compare. With only 10 luxury homes on the estate, residents will experience an ultra-exclusive secure lifestyle offering.

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KLOOF / PADFIELD PARK LIVE THE LIFE YOU'VE IMAGINED

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TIMED ONLINE AUCTION WED, 20th JULY 2022 at 12 NOON https//:bidlive.maskell.co.za

Urgent timed online liquidation auction of prime Northern Natal properties located in Hattingspruit and Dundee

Erf 89 Hatting Spruit in extent of 8631sqm comprising of an unimproved vacant stand

Erf 90 Hatting Spruit in extent of 1,2189ha comprising of a large awning and outbuilding

Erf 92 Hatting Spruit in extent of 1,6818ha comprising of 2 semi-detached blocks & outbuilding with small ablution

Erven 1304 & 1307 Dundee in extent of 1119sqm & 1119sqm respectively held under Title Deed no. T27710/2019 : 27 Cuthbert Street, Dundee.

The main building comprises 2 lounges, 1 with fireplace, kitchen, 2 bedrooms (MES) - The outbuildings comprise an outside toilet; rondavel with en-suite; outbuilding with 2 rooms & ablution facilities. The property is serviced by a swimming pool (poor condition) and boundary fencing

Bidding opens Wednesday, 20th July 2022 at 12noon & closes from 12noon Thursday, 21st July 2022

Contact Danielle 082 801 6827 / danielle@maskell.co.za • R50 000 buyer's card deposit payable by EFT • 10% deposit payable on fall of hammer • FICA to be provided • “Above subject to change without prior notice • Sale subject to confirmation (E&OE) • *Staggered auction times

BIDDING OPENS ON WEDNESDAY, THE 13TH JULY 2022 AT 12 NOON & CLOSES ON THURSDAY, THE 14TH JULY 2022 FROM 12 NOON

Bid online via our APP https://bidlive.maskell.co.za

OBO the Provisional Trustee of A.M. and L.E. Goosen (Under Prov. Sequestration), Master’s Ref. no: D209/2021

INSOLVENCY AUCTION OF A TWO BEDROOM FLAT: SS BETHLEN, 220 ROLAND CHAPMAN DRIVE MONTCLAIR Residential Sectional Title Unit: Section number 34 of SS Bethlen Scheme no. 233, situated at Montclair, in the Ethekwini Local Council, Province of the Kwazulu-Natal extent of 51sqm and known as Door 30 Bethlen, 220 Roland Chapman Drive Montclair The unit is situated on the second floor and comprises of a lounge, kitchen, 2 bedrooms and a bathroom with bath, wash hand basin and toilet. https://online.flippingbook.com/view/321989668/ Contact 0333971190 OR Danielle 0828016827 OR danielle@maskell.co.za • R50000 to obtain buyer’s card by EFT • 10% deposit payable by successful bidder on fall of hammer • FICA to be provided • Sale subject to confirmation • “above subject to change without prior notice” (E & Oe)

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32 RESIDENTIAL PROPERTIES ON AUCTION - 07 JULY 2022

JUSTIN | 083 391 0215

3 BEDROOM HOUSE Corner of Prospect & Market Street, Peddie Extent: ± 727 m² | 3 Bedrooms | Bathroom | Kitchen | Lounge | Double garage

JUSTIN | 083 391 0215

3 BEDROOM HOUSE IN BUTTERWORTH 30 Ries Avenue, Butterworth Extent: ± 1 062 m² | 3 Bedrooms | Kitchen | Lounge | Dining room | Study | Bathroom | Garage

JUSTIN | 083 391 0215

2 X ± 392 M² VACANT STANDS IN BUTTERWORTH Erf 6498 & 6499, Ext 24, Butterworth Sold individually or combined

JUSTIN | 083 391 0215

± 281 M² HOUSE IN QUEENSTOWN 9 Winterberg Street, Queenstown Total Combined Extent: ± 1 190 m² | 3 Bedrooms | 1 Bathroom | Lounge | Kitchen | Outbuilding/shed | Single garage

JUSTIN | 083 391 0215

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 40 Carnegie Street, Butterworth Dwelling: ± 179 m² | Garage: ± 46 m² | GBA: ± 225 m² | 3 Bedrooms | 2 Bathrooms | Outbuilding

2 X ± 413 M² VACANT STANDS IN BUTTERWORTH Maritz Street, Tanga, Butterworth Sold individually or combined

JUSTIN | 083 391 0215

4 BEDROOM HOUSE 8 Ries Avenue, Butterworth Extent: ± 1 050 m² | 4 Bedrooms 2 Bathrooms | Lounge | Dining room | Kitchen | Double garage

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 12 Henley Street, Butterworth Extent: ± 1 117 m² | 3 Bedrooms including master ensuite | Lounge | Dining room | Kitchen | Laundry | Additional 1 Bedroom flatlet attached

JUSTIN | 083 391 0215

3 BEDROOM HOUSE IN BUTTERWORTH 8 Restom Avenue, Butterworth Extent: ± 1 050 m² | 3 Bedrooms | Kitchen | 2 Bathrooms | Double garage

JUSTIN | 083 391 0215

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 53 Restom Avenue, Butterworth Extent: ± 1 337 m² | Dwelling: ± 138m2 | 3 Bedrooms | 2 Bathrooms | Lounge | Dining room | Kitchen | Garage | Domestic quarters

3 BEDROOM HOUSE 41 Carnegie Street, Butterworth Extent: ± 1 305 m² | 3 Bedrooms with BIC | Kitchen | Lounge | Dining room | 1 Bathroom Separate toilet & shower Single garage

JUSTIN | 083 391 0215

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 34 Restom Avenue, Butterworth Extent: ± 1 145 m² | GBA: ± 230 m2 | 3 Bedrooms | 2 Bathrooms | Lounge | Dining room | Kitchen | Single garage | Outbuilding

± 1 157 M² VACANT STAND IN BUTTERWORTH Ries Avenue, Butterworth

JUSTIN | 083 391 0215

SINGLE RESIDENTIAL HOUSE ON RIES AVENUE 41 Ries Avenue, Butterworth Extent: ± 1 260 m² | Main Dwelling GBA: ± 145 m² | Garage: ± 49 m²

BRAD | 071 346 0159

± 380 M² VACANT LAND IN ROSEWOOD Rosewood Street, Hillcrest, Mthatha

BRAD | 071 346 0159

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 65 Ries Avenue, Butterworth GBA: ± 245 m2 | Single garage | 3 Bedrooms | Bathroom | Kitchen | Lounge

JUSTIN | 083 391 0215

HOUSE IN BUTTERWORTH 2 Louw Avenue, Butterworth Dwelling: ± 96 m² | Garage: ± 47 m² | Outbuilding | Carport

12 X RESIDENTIAL VACANT STANDS ON YELLOWWOOD STREET Erf 13787 - 13798 Mthatha Ext 13 Sold individually or combined

BRAD | 071 346 0159

4 BEDROOM HOUSE IN MTHATHA 14 Orchid Street, Mthatha Extent: ± 1 454 m² | 4 Bedrooms | 2 Bathrooms | Lounge | Dining room | Kitchen | Double garage

Auction Date & Time: 07 July 2022 | 11h00 | Auction Venue: The Butterworth Country Club, 32 Stanford Street, Butterworth | Terms: R25 000 refundable registration deposit.

Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

17 PROPERTIES ON AUCTION - 20 JULY 2022 DECEASED ESTATE

ALAN | 082 445 5048

± 215 HA SUGARCANE FARM ± 20km on the Otto’s Bluff Road off Dr Chota Motala Road, PMB Total Extent: ± 215 Ha | ± 127 Ha Sugarcane | ± 38 Ha Dryland maize | ± 50 Ha Grazing | Improvements include: farmhouse, workshop, sheds

VIREND | 071 383 1735

COMMERCIAL INVESTMENT OPPORTUNITY 12 Burlington Drive, Shallcross Site Extent: ± 4 200 m² | Inclusive of Development Land: ± 1 200 m² | Gross Annual Income: ± R1.1 Million | 6 x Mini factories/Workshops & 5 Apartments

POWER OF ATTORNEY

LUKE | 071 351 8138

± 33.4 HA DEVELOPMENT SITE ON N3 HIGHWAY WITH 19 HA CONSERVATION AREA Mpushini Business Park, Lynnfield Park ± 33.4 Ha Development park known as Mpushini Business Park | Mixed use development opportunity | Bulk services have been secured | Prime N3 visibility

VIREND | 071 383 1735

± 5 000 M² INDUSTRIAL WAREHOUSES 269-271 Chamberlain Road & 58 Lawley Street, Jacobs Site Extent: ± 7 300 m² | 3 Warehouse Facilities (± 1 900 m²; ± 1 700 m² & ± 1 400 m²) | Close proximity to Port | Power Supply: ± 1600 Amps

TOM | 083 636 7800

PRODUCTIVE TIMBER FARMS ± 2km from Donnybrook off the R612 along the P283, Donnybrook, KZN Total Extent: ± 584 Ha | 3 Portions (±113 ha, ±147 ha, and ± 324 ha) | ± 249 Ha of Eucalyptus ±109 Ha of Pinus | Impressive Mean Annual Increments (MAI’s) 30+

POWER OF ATTORNEY

ER

PET

LUKE | 071 351 8138

2 X NEAT OFFICES IN SECURE OFFICE ESTATE Section 12 & 13 Oxford, 154 Zastron Street, Westdene, Bloemfontein Secure office estate | Two units available | Both units ± 79m² | Secure Parking on site

TOM | 083 636 7800

± 21 HA COFFEE FARM ON THE SOUTH COAST ± 5km from Port Edward on the Izingolweni Road, South Coast Established coffee trees | Coffee shop and cafe | Walking trails | Kids play zone

MUHAMMAD | 079 458 4256

WELL LOCATED OFFICE BUILDING 56 Adrain Road, Windermere, Durban Extent: ± 954 m² | GBA: ± 328 m² | Onsite Parking for ± 5 vehicles | ± 250 m off Umgeni Road

VIREND | 071 383 1735

INVESTMENT OR END USER COMMERCIAL PROPERTY 40 Esther Roberts (Frere) Road, Glenwood Site Extent: ± 845 m² | GBA: ± 330 m² | Potential for 5 or more business tenants | Sold vacant occupation

ROSS | 082 923 9277

DEVELOPMENT OPPORTUNITY 6 Gerhard Street, Sandown, Sandton Extent: ± 4 151 m² | Bulk: ± 2 905.7 m² | Zoning: Residential 2 | 6 Dwelling opportunities for the site

AD

RO

MUHAMMAD | 079 458 4256

± 2 300 M² INDUSTRIAL LAND ALONGSIDE N2 FREEWAY 239-241 Peter Road, Springfield Park, Durban Site Extent: ± 2 319 m² | Flat Industrial land | Sold vacant occupation

ST AUGUSTINE’S HOSPITAL

N HELE OAD

PH R

JOSE

MUHAMMAD | 079 458 4256

± 1 130 M² DEVELOPMENT SITE OPPOSITE ST AUGUSTINE’S HOSPITAL 303-307 Helen Joseph (Davenport) Road, Bulwer, Durban Bulk Available: ± 1 350 m² (Potential for 25 two-bedroom apartments)

ROSS | 082 923 9277

62 UNIT APARTMENT BLOCK IN THE HEART OF JOHANNESBURG CBD 29 Leyds Street, Joubert Park, JHB Extent: ± 932 m² | Retail units | Gross Annual Income: ± R3.2 Million | Ample parking

LUKE | 071 351 8138

RESIDENTIAL PROPERTY WITH 2 LIVING AREAS 32 Madeira Road, Morningside Extent: ± 965m² | 2 Spacious 3 bedroom units | 2 x Double garages and outside parking | Opposite Mitchells park

LUKE | 071 351 8138

2 BEDROOM SUITE IN ZIMBALI Section 1721 SS Zimbali Hotel & Resort Extent: ± 84 m² | Top Floor Apartment | 2 Bedroom unit | Opportunity for short term letting | Ideal for travelling executives | Very upmarket | Basement Parking

JACQUES | 079 459 3022

LUXURY 2 BEDROOM APARTMENT Crystal Towers, Century City, CPT Extent: ± 122 m2 | Breathtaking views | Furniture and appliances included | Underfloor heating | Located on the 8th Floor

JACQUES | 079 459 3022

GROUND FLOOR OFFICE UNIT ON A BUSY STREET Mcintyre Place, Parow, Cape Town Unit Extent: ± 275 m² | Vacant occupation | Off-street secure parking

Auction Date & Time: 20 July 2022 | 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

CONTACT US FOR MORE INFO: 0861 444 769 info@in2assets.com 063 500 1652 www.in2assets.com

The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 505, 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.

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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

THE WOODLAND Umhlanga Office 081 281 3960 Email: info@woodland.co.za www.woodland.co.za

BALWIN PROPERTIES Ballito Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258

PETER MASKELL AUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za

NOBLE RESORTS CAPE TOWN 010 612 6060 sales@nobleresorts.co.za www.nobleresorts.co.za

VAN’S AUCTIONEERS Gauteng Office 086 111 8267 www.vansauctions.co.za

WIDENHAM RETIREMENT VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612 www.hibiscusrv.co.za

southernsuburbs@dogongroup.com

www.dogongroup.com

DOGON GROUP PROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

www.iolproperty.co.za

www.widenhamretirementvillage.co.za

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