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To fix or not to fix? Page 3
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Property investing can be a great way to create wealth. PICTURE: SERGIO SOUZA/PEXELS
Your journey to wealth creation starts with a single property purchase Property has the potential to provide a regular and escalating income as well as capital growth BY BONNY FOURIE bronwyn.fourie@inl.co.za
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PROPERTY is ultimately a home, a roof above one’s head, but it can be much more than that – it can be a source of wealth that, through investment, can be passed on to future generations. Residential property has generally been perceived as a relatively stable and safe investment class, having proved its resilience over decades through changing market cycles, says Carol Reynolds, Pam Golding Properties’ area principal for Durban Coastal. “Property is appealing as a solid investment class because if it is correctly geared, investors can leverage their property portfolio and effectively use other people’s money to grow their asset base.” The asset class has the potential to provide a regular and escalating income as well as,
over time, healthy capital growth. Globally, many fortunes have been made through investment in property and today’s tighter market conditions present an opportunity to acquire property at reasonable prices, she says. The first priority is to decide what type of property investment you are looking for. For example, you might want to buy and then flip for profit, which is a shorterterm investment strategy and involves ensuring that you acquire a good purchase with potential to renovate and resell in a short time. “From a broader perspective, if you’re looking to invest in property generally, then you would need to consider both your potential returns as well as the potential capital growth on your asset. Your strategy may be to buy, renovate and flip, or it may be
simply to buy and hold either to live in or rent out for additional income and as an investment property.” If you are considering medium to longer-term investment options, Reynolds says there are three key factors to bear in mind: risk, return and growth. “If minimising risk is important, then you should consider a diversified portfolio or perhaps a portfolio with a number of small investments spread across a few nodes. “If you have a lot of money to invest, then perhaps longerterm capital appreciation is your priority, in which case you require a solid investment portfolio in the most sought-after areas.” From a rental perspective, she suggests considering investing in multiple smaller properties,
gear them and let them pay for themselves over time. Take your budget and spread it over a mix of properties, rather than tying it up into a single property. If you want to minimise risk, then property investing, like all investing, requires diversification. Reynolds adds: “By applying this strategy, after an initial investment of R500 000 you may be able to acquire two or three units, each valued at R1 million to R2 million over a few years, and suddenly you own an asset base of several million rand. “As a small investor, this is the best way to get started as your risk is minimal, your borrowing needs are small and if you ever need to quickly off-load a property, this price range is the easiest to sell.” TIPS AND ADVICE Even though we are due for an interest rate hike soon, Wilmot Magopeni, the franchisee at Leapfrog Sunshine Coast, says the buy-to-rent market is good to get into if you wish to use property as an investment. She offers five tips for those wanting to go this route. 1. Choose your location wisely “Location is one of the most important factors when purchasing an investment property. If you want to target students, you want a location close to universities. If you want to target workers, perhaps something close to the city would be best.” Other things to consider when it comes to location would be proximity to public transport routes and shopping centres and whether there is a high demand for rentals in the area. 2. Be realistic with your expectations “There are many landlords who have made a small fortune by purchasing investment properties,
but that won’t be the case for everyone,” Magopeni notes. “The property market value isn’t growing at the rate that it once was, so manage your expectations before you make a final decision.” 3. Look outside your comfort zone Don’t consider properties only in the city in which you live, she says. If you can’t afford an investment property in the heart of Cape Town, for example, that doesn’t mean you can’t afford a property in a prime location in another city. 4. Budget for upgrades Even if you think you’ve bought the best property, you will find that somewhere it could use an upgrade. It might not be as big as a full-on renovation, instead, the property might need a fresh coat of paint, perhaps a new cupboard door, or even new taps and other hardware. 5. Don’t take the first bond offer that comes your way Shop around before signing a bond as you might find a better deal elsewhere. One offer might have better interest rates than the other, so don’t jump at the first one you receive. Tafelsig property investor Darren Francis, who recently won both the Investor for Change and Investor of the Year awards at the SA Property Investors Network (SAPIN), offers this advice for aspiring young property developers: “Dream. Follow that dream. Follow it up with dedication, determination and discipline. “Don’t be afraid to fail. Failure is part of the journey to success. Remember, you are always one step closer to succeeding. Make sure you have sound financial goals and live by them. Then get the right education to assist you in getting you to that property dream.”
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CHOOSING between a fixed or variable bond rate is a personal decision. PICTURE: RODNAE PRODUCTIONS/PEXELS
Experts weigh up the benefits and risks of fixing your bond rate There’s no one-size-fits-all decision as it depends on a homeowner’s financial circumstances BY BONNY FOURIE bronwyn.fourie@inl.co.za
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ITH interest rates predicted to possibly reach 10% in six months, many flustered homeowners are scrambling to find out if they should be fixing their bond rates now. FNB economists believe the repo rate will increase by 1.5% by the end of November, and then by another 0.25% in January 2023. If this materialises, the repo rate will be 6.5%, taking the prime lending rate to 10%. Currently, the interest rate is 8.25% (this will change after tomorrow’s decision). The question many home owners are asking is whether they should be rushing to fix their interest rates. If the interest rate does increase to 10% in 2023, this would take the rate to the same level it was in 2020, prior to the Covid lockdown, say Careen Mckinon and Kay Geldenhuys of FIND US HERE: @iolproperty @iolproperty @iolproperty.co.za
ooba Home Loans. As with any financial decision, there are benefits and there are risks to fixing your rates, they say in a joint response. “Households on very tight budgets with little potential income growth could benefit in the long term from fixing their home loan rate. And, if you are entering the market for the first time, the fixing of your rate could be a sensible option as it will provide you with protection from rate increases in the future. “However, banks have to hedge their own risks in allowing you to fix your rate, so when they allow you to fix your rate, it will be at a rate higher than the rate you are currently paying.” Mckinon and Geldenhuys explain that you can fix your interest rate only once your bond has been registered, and that your repayment history must be clean. Banks usually allow a rate to be
fixed for one to five years. “Fixed rates are more expensive compared to variable rates, therefore if you are currently enjoying a rate of, let’s say, prime minus 1%, your rate might be fixed at prime or even prime plus. “Your bank will quote you a fixed rate which will be determined by the period that you want to fix your rate for and the bank’s fixed-rate pricing policy. Some banks will also take a view of your risk profile when quoting a fixed rate. “Once your fixed-rate term has expired, you have the option to renegotiate another fixed-rate term or go back to a variable rate. “However, there is no guarantee that when you go back to a variable rate, you will be offered the variable interest rate that you originally had.” The trick to interest-rate fixing, therefore, is taking the long view, they say.
“If you believe that the interest rate will continue to go up, then it’s worth taking the short-term increase for the longer-term benefits. Right now, we are in an upward interest rate cycle, therefore borrowers should conduct a sensitivity analysis on what interest rate increase they are able to absorb.” To sum it up, Mckinon and Geldenhuys say: “If it will give you peace of mind to be able to budget your repayments at a fixed rate into the future, then it’s a good time to fix. On the other hand, if you would like to continue to benefit from the current low rate for as long as possible and believe that the interest rate might come down in the longer term, then it’s best to wait it out, particularly if you are enjoying a very attractive variable rate below the current prime lending rate.” If the interest rate does return to 10% by January, this will still be lower than the average of 12% to 16% over the past 38 years, says Samuel Seeff, the chairperson of the Seeff Property Group. However, the decision on whether to fix your rate is personal. “You will need to consider whether you view it as an opportunity to create the security of a fixed payment, but bear in mind that this will be at a higher rate than the prevailing rate and is likely to be fixed for a period of two to five years at best. “It will be only a short-term measure and for that period, you also would not benefit from any rate decreases, and it is possible that the rate may not increase above the fixed rate.” Carl Coetzee, the chief executive of BetterBond, says there is no simple answer when it comes to evaluating the benefits of a fixed or variable interest rate as each buyer’s financial situation and circumstances are different. When you apply for a home loan,
it is by default with a variable interest rate. “You can apply for a fixed interest rate only once your bond has registered and there is a strict time limit before the offer lapses.” Another important factor to bear in mind is that the interest rate you will be offered depends on your credit profile and affordability. “Fixed interest rates are set for up to five years maximum, which means that over a 20-year loan, you would need to renegotiate the terms. This also means that the terms could be less favourable than when you first fixed your rate. “While it can be reassuring having a fixed rate so that you know what your instalment will be over a fixed period, especially as interest rates rise, it could end up costing you more. “A fixed rate is generally higher than a variable rate as it poses a greater risk to the bank.” Paul Stevens, the chief executive of Just Property, believes the repo rate will reach 6.5% by the close of 2024. “Interest rates are expected to rise gradually to 2024, so prospective bondholders should look at what they can afford beyond the current interest rates.” However, if you choose to fix your interest rate now, he says it will “certainly be at a rate higher than the banks will offer at a variable rate”. “Many people see a fixed-term loan as a means to secure peace of mind; you know what you’re committed to for the long term. However, fixed rates are offered for a limited period, and you will need to renegotiate the terms several times over the term of your 20-year loan. “In fixing your bond interest rate now, you are essentially hedging your bets for the next five years. After that, you’ll need to regroup.”
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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PICTURE: SPACEJOY/UNSPLASH
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
084 460 7295
sherine.budhram@inl.co.za
TO ADVERTISE IN WESTERN CAPE Abigail Wilmot
083 212 1141
abigail.wilmot@inl.co.za
TO ADVERTISE IN GAUTENG Antoinette Gilbert 083 793 5382
antoinette.gilbert@inl.co.za
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KLOOF / PADFIELD PARK LIVE THE LIFE YOU'VE IMAGINED
FROM R1 550 000 NO TRANSFER DUTY
JUST LAUNCHED OVER
50% SOLD
NEWLY BUILT 2 & 3 BED SECTIONAL TITLE HOMES KZN's Premier Over 50s Lifestyle Estate 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.
LEISURE LIFESTYLE ESTATE FOR OVER 50s
BOOK AN ESTATE TOUR / CALL 079 046 1441 / GREENHAVENESTATE.CO.ZA
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RHONDA RAAD PROPERTIES 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.
CONTACT US NOW: 082 448 7795
CAVENDISH HEIGHTS R2,1MILLION MILLION RONDEBOSCH WHITEHALL COURT R1,35MILLION MILLION RONDEBOSCH R1, WOODSTOCK UPPERR1,95 R2,1 5MILLION NEG. RONDEBOSCH MILLION RONDEBOSCHR1,15 R5,3 MILLION R1,675 RONDEBOSCH MILLION RONDEBOSCH MILLION RONDEBOSCH R4,995 ON SHOW Sunday 2 – 5 pm Cathay View, 12 Devonshire Hill Road, Rondebosch
ON SHOW SUNDAY 2-5PM
*Roslyn Gardens, 6 Roslyn Road. Small Security Complex. Two Spacious Security Complex Ecklenberg in pretty garden Pied-à-terre Bachelor Apartment in Small Bedroomed Apartment with lounge setting. Spacious Three Bedroomed Apartment Security Complex with Lift and Lovely Views! leading to large Balcony. Fitted Kitchen (200m²) with Stunning Mountain Views. *Kitchen, Open Plan Living Room with Built-in Cupboards. & Full Room, Bathroom. *Parking Bay. Dining Sun Twowith Full Bathrooms, Fitted Kitchen andRoom, Bathroom Shower. Close to Dean Street Restaurant TV Lounge & Laundry Room. *Tandem Garage. *Plus Garage. **Walk toShops, Rondebosch Shops, and Jammie Shuttle Stop. *Close to Shops & Transport.
Doctors Rooms, Baxter Theatre and Transport.
ON SHOW SUNDAY 2-5PM
*Oakhurst Mansions, 4 Oakhurst Avenue. Small Security Complex above the Main Charming Twobedroom Bedroomed Apartment Delightful Two Apartment in the(95m²) heart Road. Large modernised Bachelor with Fitted Kitchen open toLounge Diningand Room / of the Golden Mile. Spacious Fitted converted to One Bedroomed Apartment Lounge and Balcony with views. Full Bathroom Kitchen with built-in Oven, Hob and Extractor (46m²) with Kitchenette, Built-in and Sep Toilet. **Covered ParkingCupboards Bay. **Walk Fan. Full Bathroom. WalkBathroom. to Michaels Restaurant, and Balcony. Shower Walk to to Kingsbury Hospital, Library, Restaurants, Oakhust and Rondebosch Boys Schools, Jammie UCT, Jammie Shuttle, & Transport. Jammie Shuttle, Shops Shops and Transport!
Shuttle Stop, Park & Restaurants.
ON SHOW SUNDAY 2-5PM
*Woodlands, 5 Highstead Road, Rondebosch.
Spacious North-Facing Spacious Three Bedroomed Apartment Spacious North-Facing TwoBedroomed Bedroomed 24HR Security Complex inTwo Prime Position. Two Apartment with Lounge and Balcony with (123m²) above the Main in pretty Apartment with Lounge and Balcony with Bedroomed, Two BathroomedRoad Apartment (92m²) Mountain Views.Bathroom Bathroom with Shower Mountain Views. with Shower garden Fitted Kitchen and with Two setting. Balconies & Superb Views! Fitted over Bath. Bath. Fitted Kitchen. *Garage. *Walk Bathroom. *Parking Bay. Walk UCT, over Kitchen. *Garage. *Walk Kitchen openFitted plan to Dining Room andtoLounge. to Shopping Shopping Centres, Restaurants, UCT Jammie Shuttle, Main Road Shops & to Centres, Restaurants, UCT Two Shower Bathrooms. **Two Parking Bays. and Transport. Transport. Transport. **Close to all Amenities and City Centre. and
Security Complex above Ecklenberg in Large pretty Security Main Road. Large OneComplex Bedroomed pied-à-terre Apartment garden setting. and Spacious Three(127m²) with Balcony & Bedroomed Stunning Three Lounge Bedroomed Apartment Apartment (200m²) with Stunning Mountain Mountain Views. 24HR Security Shareblock with mountain views. Fitted Kitchen and Views.*Kitchen, Room, Sun Room, Two Complex. FittedDining Kitchen. Shower Bathroom. Lounge with Balcony. *Plus Garage. *Close Full Bathrooms, TV Lounge & Laundry Room. **Garage. **Catering & Cleaning Services. to UCT,toSchools, ShopsTheatre Transport. *Tandem Garage. *Close toand Shops & Transport. **Walk Shops, Baxter and Library!
CONTACT: RHONDA C: 448 082 7795 448 7795 0212212 685 2212 E: rrpsales@mweb.co.za / www.rhondaraadproperties.co.za CONTACT: RHONDA C: 082 T: 021T:685 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA
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The depictions herein are for illustrative purposes only and are subject to change without notice.
STUDIO FROM R1 875 000
1-BED FROM R2 595 000
2-BED FROM R5 295 000
HOTEL UNITS FROM R2 715 000
RUN AWAY Inspired to enable a fast-paced lifestyle, this unprecedented development features nuances of brilliant mesmerising construction, and gives you everything you need, without having to sacrifice on RUNW AWAY I T H L I F Edecor, convenience or comfort. Inspired to enable a fast-paced lifestyle, this unprecedented development features nuances of brilliant decor, mesmerising construction, and gives you everything you need, without having to sacrifice on convenience or comfort. Get your ticket to the good life - you will love the vibe while you live it up.
WITH LIFE
Get your ticket to the good life - you will love the vibe while you live it up.
O N S H OW U N I T AT T H E P O I N T, 8 T H F LO O R , 76 R E G E N T R OA D , S E A P O I N T ( E N T R A N C E V I A C A SS E L L R OA D ) .
O N S H OW U N I T AT T H E P O I N T, 8 T H F LO O R , 76 R E G E N T R OA D , S E A P O I N T ( E N T R A N C E V I A C A SS E L L R OA D ) .
W W W. D O G O N G R O U P. C O M
|
021 4 33 2580
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C L A R EM O N T U PPER - R 14 MIL L IO N E XC I T I N G N E W R E L E A S E
EXCLUSIVE Web Ref: RL12238
LUXURY ESTATE LI FEST YLE
Well positioned in Claremont Upper known as the leafy suburb bordering on Bishopscourt & Constantia areas, this impeccable designer 4 bedroom home is one of four in the prestigious Elizabeth Anne gated estate. Entering this fine home one can admire excellent proportions, clean lines & exclusive top-end fittings & finishes. Generosity of space is evident with the open-plan concept living, with glass fronted wood-burning fireplace creating an ambiance of warmth. Double garage & 2 parking bays
LANA HOLT 071 035 9458
SOUTHERN SUBURBS 021 671 0258
WY NBE R G U P P E R - R 4 . 4 5 MIL L IO N
C AMPS BAY - R 19.2 MI LLI O N
NEW RELEASE
NEW RELEASE
EXCLUSIVE
Web Ref: RL12244
TH E B E ST O F V IL L AG E LI VI NG
Characterized by the delightful ‘stoep” wooden shutters unique to sought-after Chelsea Village, this warm & inviting 4 bed home offers solid wooden floors, sash windows, open-plan living & dining with wood-burning fireplace & American shutters
LANA HOLT 071 035 9458
SOUTHERN SUBURBS 021 671 0258
Web Ref: RL7379
S U M P T U OU S M OD E R N LI VI N G
An impressive double storey modern 4 bedroom townhouse with generous sized living rooms, refined finishes and lovely ocean views. The inviting contemporary entrance sets the tone for the wow factor inside. Garaging for 2 cars
KEAGAN JAMES 082 902 8202
d o g o n g r o u p . c o m A visionary company with decades of experience
JAMES CURTIS 082 485 2702
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18 PROPERTIES ON AUCTION - 23 AUGUST 2022 KING SHAKA INTERNATIONAL AIRPORT DUBE TRADEPORT AGRIHOUSE
R102
TOM | 083 636 7800
± 902 HA SUGARCANE FARM On either side of the N2 at the Tugela Bridge, Northern Bank, North Coast, KwaZulu-Natal Total Extent: ± 902 Ha | ± 780 Ha Sugarcane | ± 60 Ha Fallow land | ± 60 Ha Timber | 11 Adjoining portions | Excellent exposure to the N2 highway
LUKE | 071 351 8138
DEVELOPMENT SITE AT THE ENTRANCE TO KING SHAKA AIRPORT 250 Old Main Road, Dube Tradeport, La Mercy Extent: ± 4.7Ha | High exposure development site | Strategic position near Dube Tradeport | Fronting onto the R102
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OPENING BID R1 MILLION
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LUKE | 071 351 8138
RETAIL CENTRE WITH NATIONAL TENANTS 48B High Street, Oudtshoorn Extent: ± 6 476 m² | GLA: ± 2 797.7 m² | Fully let retail centre | Current Gross Annual Income: ± R3.6 Million | Tenants: Standard Bank, Absa, Wimpy & Midas
MUHAMMAD | 079 458 4256
INVESTMENT OPPORTUNITY WITH DEVELOPMENT POTENTIAL 36 Dr Mangosuthu Buthelezi Drive (Corner of Kangela Street & Dr Mangosuthu Buthelezi Drive), Eshowe Extent: ± 4047 m² | Income: ± 346 K Per Annum | Tenancies: 3 Years Remaining on Lease | Prime Corner Site | 200m From Eshowe Mall
LUKE | 071 351 8138
UPMARKET RETIREMENT UNIT IN SIBAYA PRECINCT Unit 429 Ocean Square, Heleza Boulevard, Sibaya Precinct Unit Extent: ± 83 m² | 2 Bedroom, bathroom, open plan kitchen, dining room and lounge | 2 Parking bays | Sold vacant occupation | Upmarket, exclusive, secure and new retirement complex
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VIREND | 071 383 1735
IDEAL RESIDENTIAL CONVERSION 332-340 Dr Pixley Kaseme (West) Street, Durban CBD GLA (Basement, Ground floor & 10 Floors) ± 4 800 m² | Total Gross Annual Income: ± R7.6 Million | Nedbank – Triple Net Lease – Expiring February 2024 Head Lease for Upper floors – Expiring September 2023
VIREND | 071 383 1735
± 1 350 M² COMMERCIAL RE-DEVELOPMENT OPPORTUNITY 49 Glenugie Road, Manors, Pinetown Zoned: Limited Commercial | Vacant Occupation | Corner Site with two road frontages | High Exposure | Ideal for fast food outlet, showroom, retail | Proposed plans for high rise warehouse & storage
VIREND | 071 383 1735
UPMARKET RETIREMENT UNIT IN SIBAYA PRECINCT Section 226 SS Shoreline Sibaya (Door 429 Ocean Square), 46 Heleza Boulevard, Sibaya Precinct Unit Extent: ± 83 m² | 2 Bedroom, bathroom, open plan kitchen, dining room and lounge | 2 Parking bays | Sold vacant occupation
MUHAMMAD | 079 458 4256
FRONT LINE COMMERCIAL PROPERTY IN BUSY NODE 141 Che Guevara (Moore) Road, Bulwer, Durban Extent: ± 1 240 m² | Excellent Retail Opportunity | Prime Corner Site | ± 800 m from N3 | Parking area
COSMO CITY
VIREND | 071 383 1735
BLOCK OF FLATS – INVESTMENT OPPORTUNITY Units 1-36 SS Penway, 27 Magwaza Maphalala (Gale) Street, Berea 32 Residential Bachelor apartments (range from 31m² to 35m²) | Ground (± 320 m²) and First floor (± 330 m²) (Retail/Factories/Offices) | Double Storey Workshop/Factory Component (± 260 m²) | Gross Annual Income: ± R1.3 M
ROSS | 082 923 9277
WILDLIFE CONSERVATION IN BOTSWANA Tuli West Conservancy, Botswana Extent : ± 2 569 Ha | 20 Stands available, sold as one lot | Private lodges | Option to sell portions as lodge developments | Premium stands with exceptional game viewing
ROSS | 082 923 9277
RURAL RETAIL DEVELOPMENT SITE 26 Jubilee Street, Cosmo City, Johannesburg Extent: ± 5,71 Ha | Rural Development Land | Fuel station, retail & residential opportunity | High Exposure corner site | Brilliant position
LUKE | 071 351 8138
DEVELOPMENT INDUSTRIAL LAND BORDERING N2 Erf 3723 (Jack Smith Road) Ballitoville Extent: ± 13 621m² | High visibility to N2 | Development land | Suitable for trucks
OPENING BID R3 MILLION
ROSS | 082 923 9277
MULTI-LEVEL INDUSTRIAL PROPERTY WITH GOOD ACCESS 48 Ophir Road, Ophirton, Johannesburg Extent: ± 6 761 m² | GLA: ± 6 243 m² | Multi-level Industrial | Upside on a redevelopment | High demand rental area | Good exposure
LUKE | 071 351 8138
INDUSTRIAL WAREHOUSE WITH LARGE YARD 6 – 10 Rawat Road, Pinetown Extent: ± 5 852 m² | GLA: ± 3455.83 m² | Power: 400 Amps | Large yard | Two separate lettable/usable areas
DECEASED ESTATE
LUKE | 071 351 8138
4 BEDROOM HOUSE WITH 2 FLATLETS 24 Broadwood Drive , Herrwood Park, Umhlanga Extent: ± 1 301 m² | 4 Bedrooms | Swimming Pool & lapa | Double garage and ample secure parking | Brand new kitchen | Well located family home | 2 Income generating flatlets
MUHAMMAD | 079 458 4256
PRIME COMMERCIAL & INDUSTRIAL REDEVELOPMENT OPPORTUNITY 9 Posselt Road, New Germany Extent: ± 2 007 m² | Prime corner site | 150 m from Rodger Sishi Intersection Potential for further development | Exposure to high levels of vehicular traffic
ALAN | 082 445 5048
2 BEDROOM APARTMENT Section 2 SS Whispers, 8 St Patricks Road, Scottsville, Pietermaritzburg Extent: ± 86 m² | 2 Bedroom | Bathroom | Single lock up garage | Classic Scottsville apartment | Quiet road near school
Auction Date & Time: 23 August 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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BIDDING OPENS ON WEDNESDAY, THE 3RD AUGUST 2022 AT 12 NOON & CLOSES ON THURSDAY, THE 4TH AUGUST 2022 FROM 12 NOON
Bid online via our APP https://bidlive.maskell.co.za
Duly instructed by the Trustees of Insolvent Estate D. Moodliar, Master’s Ref no.: D20022/2014
URGENT INSOLVENCY AUCTION OF UNDIVIDED HALF SHARES IN A SPLIT LEVEL DWELLING WITH LOCK-UP GARAGE LOCATED IN GLENMORE, PORT EDWARD AND A 2866sqm DEVELOPMENT STAND LOCATED IN SHALLCROSS, QUEENSBURGH
Erf 593 Glenmore (1424sqm): 593 Cooling Road Munster, Port Edward: Split-level dwelling And Portion 0 of Erf 3404 Shallcross Ext.6 (2866sqm): 5 200116 Street, Shallcross, Durban: Undeveloped vacant stand https://online.flippingbook.com/view/61043130/ 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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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
KAPSTAD INTERNATIONAL Cape Town Office 021 424 2211
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
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