SOME OWNERS LOSING THEIR GRIP ON THEIR HOMES
360PROPERTY
PAGE 3
Selling your home?Fix these things first
Knowing what improvements to make can give you the best return on investments
BY BONNY FOURIE bronwyn.fourie@inl.co.zaMANY homeowners who are either not in a rush to sell their properties or forced to do so because of financial pressure, take the time to get their homes ready so they can get the best price.
And this often means making repairs or renovations before putting them on the market.
Sometimes, though, owners make too many renovations and lose money in the sale. Other times, they spend money on repairing the wrong features and ignoring those that buyers place more importance on.
What to fix
Choosing what to fix and what to leave is dependent on the potential value of the property, the repair costs and the seller’s expectation, says Sheriese Potgieter, the sales property practitioner at Just Property Queensburgh.
Her Heidelberg colleague, Carin Howell, adds: “You don’t have to fix everything but it’s worth getting input from your property professional on which defects, when fixed, will help you achieve a higher selling price.”
Many buyers place importance on kitchens and bathrooms, and so experts often advise that these areas should be the focus for any repairs or renovations. After all, whether for their own enjoyment or for resale value, it is always worth considering which improvements will add value to the home, says
Adrian Goslett, the regional director and chief executive of Re/Max of Southern Africa.
“This way, homeowners can ensure that whatever improvements are undertaken are most likely to generate a good return on investment when it’s time to sell the home.”
He notes that upgrading a kitchen or bathroom could add great value to your home, but acknowledges that this could easily become expensive.
Sellers should therefore focus on small projects that will add more than it costs to install.
“For example, you could upgrade the cabinets by painting or staining them to give them a modern look. You could also upgrade the cabinet handles, light fixtures and faucets.
“As cliché as it is to say, it is truly amazing what a fresh coat of paint can do for your home. Just keep in mind that when selling a house, it would be better to keep the colours neutral to appeal to as many buyers as possible.”
Rhoda Dangazele, of Just Property Berea, agrees that the kitchen is the main area that will allow for a higher return on your home, “so make sure that it is in great condition”.
Nico Howell, of Just Property Heidelberg, warns, however, that while you might prefer to leave all defects as they are and rather drop your asking price, you don’t want defects to put potential purchasers
off. He has seen keen buyers back away from a leaking roof, damp, mould and mildew in the bathroom, unmatched or cracked tiles, and flaking shower ceilings.
“Sort out problems like these, or at least get quotes from specialists, handymen or builders.”
Be smart about what you choose to repair
When it comes to performing major remodelling or home improvement projects, Grahame Diedericks, the manager principal for Lew Geffen Sotheby’s International Realty, says statistics show that you’re unlikely to recoup the costs, so careful consideration is needed.
“If you’ve owned your home for five years or longer, or if you’ve been putting off maintenance tasks that you know needed doing, you may have a fair amount of work to do, but not all repairs are equal in this instance.
“And, with the costs of materials at an all-time high, you can’t afford to make mistakes at this juncture if you hope to realise the biggest possible return on the sale of what is probably your largest asset.”
If you plan on selling, make a list of all the significant repairs you think are required and if you aren’t sure which are critical, it would be wise to hire a home inspector who can prepare a report listing the necessary repairs, especially those that you would be required to disclose to potential buyers.
Once you have your list, Diedericks suggests you divide the repairs into three categories: l Minor and relatively inexpensive repairs that can easily be done before buyers come to view the
property, include landscaping, cleaning/repair of gutters or a fresh coat of paint.
l Major issues that you’ll either have to fix or otherwise disclose to buyers are those such as water and electrical systems, structural problems, wooddestroying insects or hazardous materials such as asbestos.
l Some problems from either of the lists can have the greatest potential to become deal breakers that deter potential buyers. These could include a cracked foundation, extensive termite damage or an ageing roof that needs replacing –and this is the list you ultimately want to focus on.
“What you add to the final list largely depends on your goals and the prevailing local market. Does a quick sale take precedence over maximum profit or is your main goal a high selling price?
“Ask your agent if they have noticed any issues that potential buyers are consistently walking away from and ask them to help you determine which repairs will strike the balance in between.”
Affordable overhauls
There are many low-cost improvements that will also help sell your home, says Margaret Msimango, of Just Property Pretoria North
“Curb appeal is extremely important – those first impressions last. It’s important to present a neat road frontage and entrance.”
Most purchasers are looking for a well-maintained property,” agrees Dumisani Sibisi, of Just Property Queensburgh.
“Yard cleaning and general tidying inside can assist in getting
the results sooner, as can sensible paint touch-ups.”
Dangazele echoes this: “A fresh coat of paint for dirty and untidy walls will do wonders to assist with selling a home or apartment. Declutter living areas, bedrooms and kitchens and stage the home so it has a neat but ‘lived-in’ feel. Outside, make sure the garden and driveway look appealing.”
Apart from these tried-and-true tricks, Goslett says there are other ways to increase the resale value of a home.
“For example, you would be surprised how simply installing a new outlet can declutter and modernise your home, especially if you install wall outlets equipped with built-in ports that are ready to plug your USB cables into.
“LED lighting can also have an impact on a home’s value because of its durability and low-energy consumption – not to mention that it can be used as trendy décor to light up cabinets and recessed corners in the home.”
He also suggests that homeowners think about heating and cooling solutions.
“Everyone knows that South African summers can be sweltering, but installing air conditioning can be expensive. Those without the budget could add ceiling fans, which are an appealing addition to any home. Not only will they help keep a room cool, but they also add a nice decorative touch to the space which can make the home more appealing to future buyers.
“Installing a wood-burning stove or fireplace to warm the home in our icy winters can also increase the resale value of the home.”
You could also add insulation.
2 21 OCTOBER 2022
UPGRADING a kitchen or bathroom could add great value to your home, but focus on small projects that will add more than they cost.PICTURE: ANETE LUSINA/PEXELS
Keep an eye on bigger picture, owners urged as pressure mounts
BY BONNY FOURIE bronwyn.fourie@inl.co.za
ASIGNIFICANT percentage of homeowners are being forced to sell their homes due to money struggles – and not only those who own properties at the affordable end of the market but also those at the upper end.
In the first three months of 2022, an estimated 20% of homeowners were selling in order to downscale as a result of financial problems.
Fast forward to the third quarter of this year – July to September – and 19% of homeowners are selling because of the pressure, states the latest FNB Property Barometer; 30% of them own properties valued at less than R750 000, and 11% own properties valued at more than R3.6 million.
This reason for selling remains the second-most common, the first being downscaling due to life stage.
“Sales due to financial pressure are still elevated at an estimated 19% of the market,” says FNB economist Siphamandla Mkhwanazi.
“However, despite the sharp rise in borrowing costs, these sales remain in line with the 18% long-term average (since Q4 ‘07). By price segments, the survey shows rising pressure in the affordable market, with an estimated 30% of sales likely due to financial pressure.”
The past two repo rate hikes of 0.75% have left many homeowners questioning if they should sell.
Carl Coetzee, the chief executive of BetterBond, says it’s “probably realistic” to expect a period where we will see
lower transaction volumes and dipping house prices. “We also anticipate a bit of segmentation in the market, between the lower end which is dependent upon housing finance, and the upper end where housing equity and wealth play a greater role.”
While it is difficult to predict what the Monetary Policy Committee will decide at its next meeting in November and January, he says some economists have forecast a 0.5% repo rate rise at each of these, and then holding steady after that.
“Sound fiscal policy dictates that interest rates must fluctuate to mitigate inflationary pressures – they can’t remain at the recordlow levels we saw during the pandemic.”
Many factors influence the demand for property and prices, but Samuel Seeff, the chairperson of the Seeff Property Group, says the interest rate and inflation have a “profound impact” on the property market, not just for those with a home loan, but also buyers and sellers. The interest rate has had the biggest impact on the property market over the past 30 months to the benefit of both buyers and sellers.
“It is precisely because of the 30% cut in the interest rate by the Reserve Bank to assist consumers during the height of the Covid-19 pandemic that the property market surged to record-high sales activity.
“While there was always an expectation that the interest rate would be normalised back to the pre-pandemic level once the economy recovers, we have now seen a hastening of this due to a spike in inflation.”
He explains that inflation is the rate at
which the prices of goods and services increase in the economy. Aside from aspects such as basic foods, this would include the price of petrol as well as Eskom electricity and so on.
“The South African Reserve Bank uses two key indicators to determine the interest rate. The first is the inflation rate, which it aims to keep between 3% and 6%, and the second is the performance of the rand against major international currencies such as the US dollar, euro and pound sterling.
The inflation rate averaged at 4.6% for 2021, but increased rapidly this year for various reasons, mostly external to the South African economy such as the oil price, imported food prices and the Russian War in Ukraine. Inflation spiked to 7.8% in July and declined slightly to 7.6% in August 2022.”
The spike in inflation, Seeff says, pushed the Reserve Bank to accelerate the rate hikes, and it responded with a 75 basis point hike in July and again in September. And chances are that another hike will come after the Reserve Bank’s November meeting.
“Higher interest rates have an affordability effect on buyers in that the cost of home loan finance increases. This means that the home loan repayments will increase for homeowners as well as new buyers.
“It also impacts sellers because lower demand and fewer buyers means that asking prices will be under pressure. Sellers will therefore need to be more careful in terms of how they price their properties.”
Does this mean that homeowners should sell their homes and rent instead, as interest rates climb?
“No,” says Coetzee.
“Buying a home is more than just a financial investment. Having a home of your own provides financial security and affords you the freedom to choose your own lifestyle. It’s also more rewarding to know that the amount you are paying each month for your home is going towards your own bond, and not someone else’s.”
He adds that the property market has proven to be a resilient asset class, especially during challenging economic times.
“Many expected the market to collapse during the pandemic, but the opposite happened. The record-low interest rates of 2020 helped bolster the property market so that it could withstand financial headwinds.
“The increase in first-time buyer activity during that time was a boon for the residential property market. Much of the buyer activity is now at the middle to upper end of the market, where buyers are less affected by interest rate changes.”
In addition, South Africans can take solace in the fact that the country’s monetary policy is in line with major economies globally, with the European Central Bank, US Federal Reserve, and Bank of England all having raised interest rates by this percentage.
“We are not alone. And we know we must keep inflation in hand, so it is worth having one eye on the bigger picture.
“South Africa responded pre-emptively to global inflationary pressures by starting its interest rate hike in November last year. So we are closer than others to reaching the end of this tightening cycle.”
321 OCTOBER 2022
FIND US HERE: @iolproperty @iolproperty @iolproperty.co.za 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
A spike in inflation and the subsequent repo
rate hikes have made it difficult for
cash-strapped consumers to afford their bond
repaymentsALMOST 20% of sellers can no longer afford to keep their homes. PICTURE: KINDEL MEDIA/PEXELS
4 21 OCTOBER 2022 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
PICTURE: RALPH RAVI KAYDEN /UNSPLASH
National Listings
ROSEBANK
NEWLANDS
Small
Academic Mile! Security Complex set in pretty garden setting. Bachelor Flat with open plan living area and ample cupboards. Galley Kitchenette and Bathroom with Bath, Toilet and Basin. **Walk to UCT, Jammie Shuttle, Baxter Theatre, Restaurants, Shops and Transport.
Pied-à-terre Bachelor Apartment in Small Road. Security Complex with Lift and Lovely Views! Open plan Living Room with Built-in Cupboards. Fitted Kitchen and Bathroom with Shower. *Plus and Balcony. Shower Bathroom. Walk to Rondebosch Shops, Doctors Rooms, Baxter Theartre and Transport.
Lounge and Balcony with views. Full Bathroom and Sep Toilet. **Covered Parking Bay. **Walk to Kingsbury Hospital, Library, Restaurants, Jammie Shuttle, Shops and Transport!
Spacious Three Bedroomed Apartment (123m²) above the Main Road in pretty garden setting. Fitted Kitchen and Bathroom. *Parking Bay. Walk to UCT,
Bath. Fitted Kitchen. *Garage. *Walk to Shopping Centres, Restaurants, UCT and 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 double storey Townhouse set in pretty garden. Three / Four Good Sized Bedrooms, Two Bathrooms, Lounge, Dining Room, Fitted Kitchen, Guest Toilet, Patio and Garden. **Garage and Parking Bay. **Plus Flatlet. **Walk to Schools, Shops & Transport.
Large One Bedroomed pied-à-terre Apartment with Lounge and Balcony & Stunning Mountain Views. 24HR Security Shareblock Complex. Fitted Kitchen. Shower Bathroom. **Garage. **Catering & Cleaning Services. **Walk to Shops, Baxter Theatre and Library!
521 OCTOBER 2022 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 R AA D PRO PE R 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. ROND EBOSC H R1, 5 M I LL IO N 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.
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. RONDEBOSCH R1, 5 MILLION Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower over
CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA RONDEBOSCH R1,95 MILLION
Jammie Shuttle, Main Road Shops & Transport. Security Complex Ecklenberg in pretty garden setting. Spacious Three Bedroomed Apartment (200m²) with Stunning Mountain Views. *Kitchen, Dining Room, Sun Room, Two Full Bathrooms, TV Lounge & Laundry Room. *Tandem Garage. *Close to Shops & Transport. RONDEBOSCH R5,3 MILLION CAVENDISH HEIGHTS R2,1 MILLION Charming Two Bedroomed Apartment (95m²) with Fitted Kitchen open to Dining Room /
WHITEHALL
COURT R1,35 MILLION
R5,495 MILLION NEGRONDEBOSCH R1,15 MILLION
RONDEBOSCH
FROM R895,000
R1,68 MILLION
PET-FRIENDLY GARDEN HOMES FOR THE PRICE OF A FLAT
PET-FRIENDLY GARDEN HOMES FOR THE PRICE OF A FLAT
The Viognier complex is an exciting new release of 204 ground floor homes in the established Aan de Wijnlanden security lifestyle estate in the Stellenbosch Winelands
The Viognier complex is an exciting new release of 204 ground floor homes in the established Aan de Wijnlanden security lifestyle estate in the Stellenbosch Winelands
TH enclosed landscaped and lawned garden, and an enclosed braai on an open patio, ideal for the enjoyment of young and old (and pets). The solid side-wall boundaries of the homes are designed for privacy and safety. The magical Stellenbosch mountain views and fresh country air is a priceless asset that comes with every home purchase.
Modern homes with top class finishes and amenities
THE DESIGNER Viognier two or three-bedroom homes will have an enclosed landscaped and lawned garden, and an enclosed braai on an open patio, ideal for the enjoyment of young and old (and pets). The solid side-wall boundaries of the homes are designed for privacy and safety. The magical Stellenbosch mountain views and fresh country air is a priceless asset that comes with every home purchase.
Access to all the Aan de Wijnlanden Estate facilities
Viognier residents will be able to enjoy the 50 hectare estate, including its modern clubhouse with its large entertainment area, kiddies clubhouse, tennis courts, equipped gymnasium, swimming pool kilometres of walking trails and a 5ha conservation area. The estate already provide for a 24 hour manned security team, a CCTV monitored system and biometric access control.
landscaped areas on the common property
Access to all the Aan de Wijnlanden Estate facilities
Location and access
Viognier residents will be able to enjoy the 50 hectare estate, including its modern clubhouse with its large entertainment area, kiddies’ clubhouse, tennis courts, equipped gymnasium, swimming pool, kilometres of walking trails and a 5ha conservation area. The estate already provide for a 24 hour manned security team, a CCTV monitored system and biometric access control.
Competitive levy
gas they use. Groundwater from the estate will be used to irrigate landscaped areas on the common property
Competitive levy
The competitive levy of only R1 400 a month covers all the costs of security, common property landscaping, estate management as well as normal sectional title costs.
Prices and plans
The competitive levy of only R1 400 a month covers all the costs of security, common property landscaping, estate management as well as normal sectional title costs.
The homes are thoughtfully designed to maximise space, enhanced by increased ceiling heights throughout. The finishes include fitted kitchens with granite tops, a selection of floor tiles, and vinyl floorboard finishes. High end sanitaryware and tapware are included, and the kitchen will be fitted with a gas hob oven. The houses will all be wired in order to be invertor ready, allowing residents to provide their own power back up system, and easily connect to essential plugs and lighting. A central fibre network will ensure that every home is internet ready, with several internet providers to choose from.
Modern homes with top class finishes and amenities
The homes are thoughtfully designed to maximise space, enhanced by increased ceiling heights throughout. The finishes include fitted kitchens with granite tops, a selection of floor tiles, and vinyl floorboard finishes. High end sanitaryware and tapware are included, and the kitchen will be fitted with a gas hob oven. The houses will all be wired in order to be invertor ready, allowing residents to provide their own power back up system, and easily connect to essential plugs and lighting. A central fibre network will ensure that every home is internet ready, with several internet providers to choose from.
Location and access
Viognier is centrally located, with easy access to Stellenbosch, Somerset West, Strand’s beaches and Cape Town International Airport. It’s set within minutes of some of the Western Cape’s best schools and universities.
A good investment
Viognier is centrally located, with easy access to Stellenbosch, Somerset West, Strand’s beaches and Cape Town International Airport. It’s set within minutes of some of the Western Cape’s best schools and universities.
All the homes have been planned and designed with economy of running costs and reduced maintenance in mind. Energy usage will be minimised by the provision of gas hobs and a central hot water system allowing homeowners to pay only for the hot water and
A good investment
All the homes have been planned and designed with economy of running costs and reduced maintenance in mind. Energy usage will be minimised by the provision of gas hobs and a central hot water system, allowing homeowners to pay only for the hot water and
Prices and plans
There are four plans, with the two bedroom one bathroom home starting at R1 295 000, and the three bedroom two bathroom home from R1 595 000. The price includes VAT, a parking bay and transfer fees. Lock up garages are available for sale, and there is an option to enclose the patio with aluminum sliding doors.
Occupation of the homes will be from July 2023.
There are four plans, with the two bedroom one bathroom home starting at R1 295 000, and the three bedroom two bathroom home from R1 595 000. The price includes VAT, a parking bay and transfer fees. Lock up garages are available for sale, and there is an option to enclose the patio with aluminum sliding doors.
Occupation of the homes will be from July 2023.
For further details visit viognier.aandewijnlanden.co.za or phone Nicho at 072 601 1772 or Hannes at 066 476 1890
For further details visit viognier.aandewijnlanden.co.za or phone Nicho at 072 601 1772 or Hannes at 066 476 1890
6 21 OCTOBER 2022
721 OCTOBER 2022
8 21 OCTOBER 2022 dogongroup.com A visionary company with decades of experience ALEXA HORNE 082 349 7799 SOUTHERN SUBURBS 021 671 0258 BISHOPSCOURT - R29.995 MILLION UNIQUE HOME BOASTING PANORAMIC VIEWS Step inside and be charmed by the European flair and feel of this home. Beautifully set in an indigenous garden which creates numerous dining and entertainment options depending on the occasion. Soak up the sun on the swimming pool deck and enjoy the magnificent Constantia Valley views. Other features include; staff accommodation, covered entertainment patio leading to pool, tennis court, borehole, state-of-the-art security system, pottery studio and so much more Web Ref: RL12370 ADRIEN EPSTEIN 083 455 5661 HEAD OFFICE 021 433 2580 CLIFTON - R42.95 MILLION PIED DANS L’EAU A “feet in the water” Bungalow overhanging the white sands of Clifton First Beach. Enjoy the ultimate Summer beach-life from the expansive pool and hot-tub terrace - surrounded by the sights and sounds of breathtaking natural beauty A beautiful double storey Bungalow with generous living rooms downstairs and 2 luxury bedroom suites upstairs. A secure underground parking bay and funicular access complete this offering EXCITING NEW RELEASE EXCITING NEW RELEASE Web Ref: RL12372 EXCLUSIVE
921 OCTOBER 2022 A visionary company with decades of experience Rentals 021 433 2580 LOCATION - LOCATION - LOCATION Take this opportunity to get your foot in the door in Lochinvar. Very rarely are there apartments available in this well-established apartment block. 2 Bed apartment is situated on the 2nd floor of the building with designer kitchen. Garage & good security BUILD YOUR DREAM HOME Rare opportunity in exclusive estate. This superb stand is available in Sillery Estate Added bonus is that building plans have been approved BEST OF THE BEST - PENTHOUSE LIVING A rare find, high in the sky, living in the established, upmarket & well-located “The Glengariff” apartment block in Three Anchor Bay. With modern finishes, this corner penthouse apartment has engineered flooring throughout the many rooms with views CONSTANTIA UPPER - R12.995 MILLION TAMBOERSKLOOF - R6.99 MILLION FRESNAYE - R7 MILLION (PLUS VAT) THREE ANCHOR BAY - R7.995 MILLION (VAT INCL. - NO TRANSFER DUTY) BERNICE KAYE 072 942 0548 SIMONNE WAKEFIELD 082 392 2669 JAMES CURTIS 082 485 2702 KEAGAN JAMES 082 902 8202 BERNICE KAYE 072 942 0548 SIMONNE WAKEFIELD 082 392 2669 ALISON ROBB 082 956 9506 MATTHEW SCHRIRE 083 645 4583 Web Ref: RL12374 Web Ref: RL11255 Web Ref: RL12374 Web Ref: RL12375 NEW RELEASE NEW RELEASE NEW RELEASE NEW RELEASE SUPER SPACIOUS FAMILY HOME IN PRIME LOCATION This 8 bed family home is an entertainer’s delight set in lush, beautiful gardens with lots of space for the kids to run around Spacious & light open-plan living & dining areas with fireplace that leads to family room overlooking the lovely garden & pool CHOICE SELECTION OF CAPE TOWN’S DEVELOPMENTS THE SPACE TO GROW AND FLOURISH Introducing a living, breathing building where the divide between nature and built blurs. VAT Incl. - No Transfer Duty THE FYNBOS CITY CENTRE - FROM R1.104 MILLION KEAGAN 082 902 8202 KEITH 083 540 5033 Web Ref: ND53 WELCOME HOME - STATION HOUSE HAS ARRIVED Blend of functionality interiors with stunning design & decor. On the border of Fresnaye, Sea Point & a stone’s throw from beachfront. VAT Incl. - No Transfer Duty STATION HOUSE FRESNAYE - FROM R1.875 MILLION LEAH SLEIGH 082 608 3388 Web Ref: ND62 DESIGNED TO INSPIRE Whether you buy to own or buy to invest, the Rubik’s exquisite design, attractive location & world-class facilities make it a priority purchase. VAT Incl. - No Transfer Duty THE RUBIK CITY CENTRE - FROM R2.549 MILLION LEAH 082 608 3388 LESLEY 061 439 8225 Web Ref: ND21
10 21 OCTOBER 2022 LIVE THE LIFE YOU'VE IMAGINED FROM R1 550 000 NO TRANSFER DUTY LEISURE LIFESTYLE ESTATE FOR OVER 50s BOOK AN ESTATE TOUR / CALL 079 046 1441 / GREENHAVENESTATE.CO.ZA KLOOF / PADFIELD PARK With over 50% of the estate now sold out, Greenhaven Estate recently launched 63 new sectional title opportunities in two new development phases. Available in six different size and layout design options, these spacious two and three-bedroom single-level units, feature contemporary country-style architecture, and a selection of modern finishes. From 24-hour security, natural wetlands, a Care Centre with assisted living facilities, and a clubhouse with a resort swimming pool, bowling green, gym, bar, and restaurant - Greenhaven Estate offers you a secure leisure lifestyle with everything you could ever possibly need right on your doorstep. NEWLY BUILT 2 & 3 BED SECTIONAL TITLE HOMES KZN's Premier Over 50s Lifestyle Estate JUST LAUNCHED OVER SOLD 50%
1121 OCTOBER 2022
12 21 OCTOBER 2022 LOT 1 LOT 2 LOT 3 WEB22/0064 20% 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 LIQUIDATION AUCTION!! 3 ADJACENT PROPERTIES OF ALMOST 6000m² DEVON, GAUTENG!! DEVELOPMENT OPPORTUNITY AUCTION OF: ERF 87, 88 & 89, DEVON, REGISTRATION DIVISION IR, GAUTENG 4 Bedroom Hous e Exte nt: 1 9 23 m ² Im provem e nts : Ÿ 4 bedr oom s & 2 bathr oom s Ÿ K itchen & dining room Ÿ Lounge & fa m ily room Ÿ D omes tic quar ter s with a toilet Lot 2: R esidentia l prope rty Exte nt: 1 9 23 m ² Lot 3: Va c ant la nd Exte nt: 1 9 23 m ² L o t 4 : L o t s 1 - 3 J o i n t l y Auctioneer ’s note: Properties, ideal for further development! 11:00 WEDNESDAY, 2 NOVEMBER 2022 Surco Investments CC (In Liquidation) Masters’ Ref: T1031/2021
1321 OCTOBER 2022
14 21 OCTOBER 2022 • Going
Concern
‑
VAT
Registered
Sale
• 73Ha
Farm
• Ideal
Accessible
location
• Water
‑
River
frontage,
dam,
borehole • First
time
changing
owner
in
more
than
100
years
(Farmer
retiring) • 14
Operational
hydroponic
tunnels
+
10
multi‑ span
tunnels
(structures
only) • No
transfer
&
Reg
costs
as
Shares
Transfer
can
be
done ON
AUCTION!! ADDITIONAL INFO: WWW.VANSAUCTIONS.CO.ZA HYDROPONIC
AND
SUGAR
CANE
FARM;
25KM
FROM
BALLITO,
9KM
FROM
STANGER
‑
KZN
NORTH
COAST FARM ON AUCTION with CONSIDERABLE OPPORTUNITIES AUCTION STARTS WEDNESDAY 2 NOVEMBER FROM 12:00 and ENDS AT 12:00 THURSDAY 3 NOVEMBER 2022 Movables
included
in
the
sale: • Main
farm
house,
manager’s
house,
garages
&
warehouse
• Installed
hydroponic
setup
‑
CCTV
online • All
farming
implements • Toyota
Hilux,
Ford
tractors,
Yamaha
quads • Business
opportunities:
Macadamia
trees,
Hemp/Cannabis R25,000
refundable
registration
deposit.
To
be
offered
as
a
single
lot
and
going
concern. Bidders
must
register
and
provide
proof
of
identity
and
residence.
Rights
reserved
to
add
or
remove
items.
Regulations
of
the
Consumer
Protection
Act
and
Auction
Rules
available
at:
www.vansauctions.co.za Tel
082
220
1312
|
Auctioneer:
Paul
Holdt
1521 OCTOBER 2022 HERITAGE BUILDING EXCELLENT EXPOSURE | UPSIDE POTENTIAL | GLA: ±370m² | ERF: 215m² David Walker | david@rjproperties.co.za | 082 576 9711 POSITION AND OPPORTUNITY IN ONE! Terms & Conditions Auction Registration fee: R50 000 payable prior to the auction via EFT (refundable fee if unsuccessful). Deposit: A deposit of 5% of the Purchase Price payable to the Auctioneer by the purchaser immediately on the fall of the hammer, which amount the purchaser hereby authorises the Auctioneer to pay over to the sellers' attorneys. 10% Commission (excluding VAT): enquire for further information. See terms & conditions. ON-SITE AUCTION 79 HOUT STREET, CAPE TOWN CENTRAL 1ST NOVEMBER 2022 | 12:00 PM • Zoned for mixed use. • In walking distance of local attractions such as the V&A Waterfront and many of the city’s leading restaurants. • The purchaser is entitled to the transfer of an existing on-site consumption liquor license. MUSTSELL
16 21 OCTOBER 2022 For more info contact 033-397-1190 or email reception@maskell.co.za BUYER’S CARD DEPOSIT: - R30,000.00 │ STRICTLY BY EFT PAYMENTS ONLY │ FICA TO BE PROVIDED │ “ABOVE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE” “E & O e” Duly instructed by the Curator Bonis, liquidators and Executor in the matters of NDPP vs Jabulani Mkhize, Nhlanhla Nzimande & Others case no.7419/21P; Gigatrans Pty Ltd(In Liq)Ref no. N47/2019/PMB; Zulu Parks and Wildlife Safaris CC(In Liq) Ref.D000813/2021 ; Estate Late Cameron Keith Mackenzie Estate no. 005737/2022; Supa Brick n Tile CC Ref. D000199/2021; View days: 20th and 21st October 2022 from 9am to 3:30pm @ 47 Ohrtmann road PMB Bidding OPENS on 25 October 2022 @ 12noon & CLOSES from 12noon 27 October 2022 TIMED ONLINE AUCTION on the 25 Oct 2022@ 12noon bidlive.maskell.co.za URGENT ON-LINE TIMED AUCTION of 2 x 2021 UD Croner PKE280 Truck C/W A/T ● 2021 Motor trail 13mTri-Axle Flatdeck Heavy spec trailer ● 2021 Retractable Skeletal Trailer - 2005 International 9800 Horse ● 1997 Man 26.282 DFL Diesel Tanker Truck with 1600l tank● 2013 Ford Ranger XLT 4X4 3.2 6 speed P/U D/C ● 2018 Tanker Trailer Manufacturing Interlink tanker Trailer ● 2017 Hyundai Creta CRDI 1.6 Executive ● 2015 V.W Polo TSI 1.2 Comfortline ●1997 Volkswagen Jetta 1.8 CSX●2008 MAN TGM 18.280 BB LWB curtain side truck ● 2017 Nissan Navara 2.3D LE 4X4 A/T P/U D/C ● 2019 VW Caddy ● Terakota stretch wrap machines ● Stainless steel conveyors with reduction gearbox and motor ● Stainless steel tables Shrink wrappers ●12m reefer ● Generator ● 2010 Holac cubing machine ● 1996 H2.0 XM Hyster etc.
1721 OCTOBER 2022 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. CONTACT US FOR MORE INFO: 0861 444 769 info@in2assets.com www.in2assets.com 063 500 1652 22 PROPERTIES ON AUCTION - 17 NOVEMBER 2022 Auction Date & Time: 17 November 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 PORTFOLIO DISPOSAL: APARTMENT BLOCK CENTRAL DURBAN 61-63 College Lane (Known as Colinton Court), DBN GBA: ± 1 000 m² | Gross Annual Income: ± R264 K | Current Lease until September 2023 | On-going income generating property | Ideal for student accommodation | Can accommodate ± 50 people RETAIL & RESIDENTIAL DEVELOPMENT SITE 272 - 276 Florida Road, Durban Extent: ± 1 032 m² | Bulk: ± 1 545 m² | General commercial zone | Potential for retail, offices & residential | High trade node with huge exposure INDUSTRIAL WAREHOUSE 12-16 Cordova Close, Briardene Site Extent: ± 8 262 m² | GLA: ± 4 780 m² Yard Area: ± 2 300 m² | Power Supply: ± 250 AMPS which can be increased to 1000 AMPS | Excellent Height: ± 11.3m to Apex & ± 9m to Eaves 6 x Roller Shutter Doors Access & 1 Dock Leveller RETAIL BUILDING DURBAN 106 Mathews Meyiwa (Stamford Hill) Road, Greyville Site Extent: ± 618 m² | GLA: ± 760 m² | Sold with month to month tenant: monthly rental ± R70K | High exposure | Clean, well maintained retail / showroom floor with mezzanine level offices | Separate delivery & storage access WAREHOUSE WITH HIGH POWER 48 Circuit Road, Westmead Extent:± 2 117 m² | GBA: ± 1 386 m² | Currently tenanted Current Annual Income: ± R883 K | Fantastic visibility | Well located along Circuit Road TWO MINI-INDUSTRIAL UNITS 56 Dollar Drive, Richards Bay Extent: ± 1 290 m² GBA: ± 876 m² | Two units: ± 438 m² each Single freehold property RETAIL & COMMERCIAL INVESTMENT 68 Westbourne Road, Richmond Hill, Gqeberha (Port Elizabeth Extent: ± 656 m² GLA: ± 674 m² | Gross Annual Income: ± R 493K | Zoning: Business 1 PORTFOLIO DISPOSAL: RESIDENTIAL APARTMENT BLOCK, DURBAN CBD 76 McArthur Street (Known as Treves Court), DBN GBA: ± 1 200 m² | Gross Annual Income: ±R310 K Current Lease until September 2023 | On going income generating property | Ideal for student accommodation | Can accommodate ± 50 people INDUSTRIAL WAREHOUSE IN QUEENSMEAD INDUSTRIAL 6 Martin Drive, Queensmead Industrial Site Extent: ± 1 867 m² | GLA: ± 1 065 m² Yard Area: ± 650 m² | Power Supply: ± 300 AMPS | Sold with month to month tenant: monthly rental ± R50K MULTI-UNIT INDUSTRIAL & RETAIL PARK 3 Brass Link, Richards Bay Extent:± 8 175 m² | GBA: ± 2 800 m² Currently fully tenanted | Gross Annual Income: ± R2 Million | Multiple units | Additional bulk available | Fantastic visibility | Well located SEA VIEW APARTMENT MORNINGSIDE, DURBAN Flat 51 Bowhill Lodge, 16 Gordon Road, Windermere Estate Late: Joyce Dorothy Mitchell Masters Reference No: 013986/2022 2 Bedrooms | 2 Bathrooms | 1 Garage | 1 Open parking bay | Sold with vacant occupation MEDICAL CENTRE INVESTMENT 88 Westbourne Road, Richmond Hill, Gqeberha (Port Elizabeth) Extent: ±1 500 m² | GLA: ± 1430 m² | Gross Annual Income : ± R1,5 Million | Zoning: Business PORTFOLIO DISPOSAL: BLOCK OF FLATS IN DURBAN CENTRAL 88 Maud Mfusi (St Georges) Street, Durban CBD GBA: ± 1 136 m² | Gross Annual Income: ±R428 K | Current Lease until September 2023 43 RoomsCan accommodate over 120 people| Ideal for student accommodation PROMINENT RETAIL SPACE Section 1 & 2 SS Boundary Corner, Malibongwe Drive, Northriding, Johannesburg Property 1: ± 275 m² | Property 2 : ± 288 m² End-user opportunity as current tenant will vacate INDUSTRIAL PROPERTY WITH PLATFORMED YARD 114 Alumina Allee, Richards Bay Extent: ± 6 159 m² | GBA: ± 3 582 m² | Gross Annual Income: ± R2.4 Million | ± 5 kms from the Port | Previous Bell equipment facility | Good height | Large yard | Well located HOLIDAY APARTMENT IN ESTUARY RESORT Section 54 Eden Wilds, Old Pont Road, Port Edward Extent: ± 84 m² 2 Bedrooms | 1 Bathroom Tenanted | Secure Estate MODERN HOME Portion 126 of The Farm Hebron No. 914, Fleetwood, Dargle Road, Dargle Valley, KZN Midlands Extent: ± 11,9351 Ha | Modern Home | 3 Beds with self-contained flat | Well-appointed Kitchen | Off the Grid Solar | Borehole HUGE EXPOSURE INDUSTRIAL, RETAIL, RESIDENTIAL POTENTIAL Portion 129 of the farm Allandale No 10, Corner Old Pretoria Main Road and Johnnic Boulevard, Halfway House, Gauteng Extent: ± 17 595 m² | Close to Freeway & Gallagher Estate | Great potential in established area EXCLUSIVE LARGE PENTHOUSE IN PRESTIGIOUS BUILDING Sections 7 & 11 SS Hertford, 747 Musgrave Road, Morningside, Durban Extent: ± 337 m² (excluding garage) | 4 Bedrooms | 4 Bathrooms | Fully fitted kitchen | Exclusive finishes ± 65 Triple garage | Stunning city & sea views INDUSTRIAL WAREHOUSE WITH GOOD HEIGHT 57 Ceramic Curve, Richards Bay Extent: ± 2 000 m² | GBA: ± 600 m² Two-yard areas | Fantastic condition 2 X VACANT SITES IN ISIPINGO 11 & 13 Tecoma Square, Isipingo Hills Extent: ± 465 m² each ± 750 m from M35 Main Road 2 Road frontages | Potential for mixed-use development | To be offered individually and combined STANDALONE RETAIL BUILDING Erf 247, Northlands Deco Park, Ext. 22, Northriding, Johannesburg Extent: ± 1460m² | GBA: ± 1386m² | Located near the entrance of the park | Secure, freestanding building | Off street parking | Destination retail opportunity LUKE | 071 351 8138 VIREND | 071 383 1735 VIREND | 071 383 1735 VIREND | 071 383 1735 LUKE | 071 351 8138 LUKE | 071 351 8138 BRAD | 073 757 9533 LUKE | 071 351 8138 VIREND | 071 383 1735 LUKE | 071 351 8138 MUHAMMAD | 079 458 4256 BRAD | 073 757 9533 LUKE | 071 351 8138 LUKE | 071 351 8138 LUKE | 071 351 8138 MUHAMMAD | 079 458 4256 ALAN | 082 445 5048 LUKE | 071 351 8138 MUHAMMAD | 079 458 4256 LUKE | 071 351 8138 MUHAMMAD | 079 458 4256 LUKE | 071 351 8138 DEFAULT SALE DEFAULT SALE DEFAULT SALE PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL DECEASED ESTATE PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL
18 21 OCTOBER 2022
DOGON
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Seaboard Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com Lunar focuses on hybrid solar installations, that are solar ready and off-grid solar solutions. Book a complimentary site visit with Lunar WA: 065-043-1382 Mail: hello@lunarsolar.co.za Website: www.lunarsolar.co.za Check out our portfolio of installs on Facebook Get Lit With Lunar Solar
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065 043 1382 Email: hello@lunarsolar.co.za www.lunarsolar.co.za PETER MASKELL AUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za CAPE WINELANDS Nicho 072 601 1772 Hannes 066 476 1890 sales@aandewijnlanden.co.za viognier.aandewijnlanden.co.za
Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za
KZN Office 082 412 4463 Email: hello@shelley.co.za
SERENITY HILLS ECO ESTATE KZN, South Coast Office 073 142 8292 Email: home@serenityhills.co.za www.serenityhills.co.za WYTHAM ESTATE KENILWORTH, CAPE TOWN 063 707 2886 sales@wytham.estate www.wytham.estate
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