126 AUGUST 2022 ERHUNSEJEFFREYPICTURE: 360PROPERTY MEET TRAILBLAZERSTHE Women under 35 who are changing property ownership profiles PAGE 3 ✦ CELEBRATING WOMEN’S MONTH ✦
A WORD OF CAUTION: Property stokvels are not part of the formal business sector and not regulated in South Africa. Prospective members need to do the necessary due diligence before joining a stokvel. They should formulated their own constitutions that will deal with the rules, regulations, membership information, duties and responsibilities of each member, goals of the property stokvel, and what should happen when a member leaves or is unable to keep up with their financial obligations.
Stokvels have evolved into a credible means of not only building and extending houses but also buying property BY VIVIAN WARBY vivian.warby@inl.co.za
“GOOI gooi”, also known as an informal stokvel, sees women across South Africa banding together to extend and accessorise, and in some cases, buy their homes. Where do you begin a financial plan to gain equity that will see your house turn into a home? Well, in South Africa. For Bongi Makeba*, it began on a minibus taxi ride to work. “I travel with these women almost daily for about two hours a day for years now,” says Makeba from“WeKhayelitsha.speakabout our hardships and how, on our salaries, we will never have a beautiful home. This is how our group of women came together to start a stokvel (pooling of financial resources to aid those in a community, traditionally to buy groceries or pay school fees), to help us stretch our money and also make ends meet.
* Not her real name
PICTURE: CHRISTINA WOCINTECHCHAT/UNSPLASH@
2 26 AUGUST 2022
How I used ‘gooi gooi’ to extend and furnish my home
“We also helped each other a lot during hard lockdown,” she Fromsays. their origins, stokvels – informal savings schemes that started more than 100 years ago in South Africa to help people stretch their money in difficult times – became an important part of black culture and have evolved into a credible means of not only building and extending houses but also buying property. And it is women who are leading the pack here. In fact, of the property stokvels focusing on homeownership and building homes for its members, 89% of members are female. The National Stokvels Association of South Africa says the stokvel economy is estimated at R49 billion in South Africa. “I saw how my neighbours were creating better lives for themselves and I was curious,” says Makeba. “This is how I heard about stokvels extending further than just helping people buy groceries. “I have been divorced for many years and don’t get any money from my ex, which is why I knew I had to find a way to be independent. I earn less than R5 000 a month, so financial independence seemed like a distant dream until our ‘gooi“Wegooi’.call it ‘gooi gooi’, which in English is ‘throw throw’, because every month we throw money into the pot. “There are six of us and we each contribute R1 500 monthly. That way, you know that twice a year if it is a stove or fridge you want, you will get it with the R9 000 you get. Everyone gets a chance to get that money twice a year. We mostly use the money to extend our homes and buy furniture, groceries and stuff. “I have a fridge and a couch from this stokvel, and my next step is to build an extra room. However I know some big groups who actually buy property and sell it to make a profit – these are the big Propertystokvels.”stokvels, in particular, are becoming increasingly popular in South Africa as more people realise the benefits of pooling capital to purchase assets. The Old Mutual Savings and Investment Monitor believes property stokvelling has an “enormous” potential for disruption.Generally,most stokvel members investing in property use the funds to buy, build or extend their own homes but, increasingly, they are using surplus money to buy affordable property to let for rental“Myincome.group and I have been able to beautify our homes through our ‘gooi gooi’. Being unable to access money unless through a loan share, it’s made a big difference to us,” says Makeba.
OF THE property stokvels focusing on homeownership and building homes for its members, 89% of members are female.
STATISTICS show that the number of women purchasing homes in their own right is increasing at a faster rate than that of men. PICTURE:KATT/PEXELSSAMSON
The LRC agrees that legal systems have “often been biased against women, ensuring that their access to property wasTheimpeded”.LRCreiterates: “Land ownership and property rights are integrally connected to the power of selfdetermination and this is particularly important for a class of persons historically oppressed by society and the law – elderly blackTwowomen.”yearsago, a landmark ruling in the Durban High Court, saw Agnes Sithole, then 72, score a victory providing her with a share of her husband’s estate. It also sought to protect about 400 000 black elderly women in South Africa whose rights were affected by the discriminatory law dating from the apartheid era under which black women married before 1988 were denied ownership of family property, as all matrimonial assets belonged to the Thehusband.LRCrepresented Sithole and the Commission for Gender Equality in the case. Sithole’s case is well known now, and will go down in history books as a pivotal moment in women’s rights to land and propertyFacingownership.impoverishment and possible homelessness when her marriage ended, Sithole challenged the discriminatory law.
BY VIVIAN WARBY vivian.warby@inl.co.za
Even before Sithole’s case South African women, particularly single women, had started to rival single men in homeownership.Womenarealso emerging as the primary home loan applicant in many instances because they often are the higher earner in the household. Statistics show the number of women purchasing homes in their own right is increasing at a faster rate than that of men, so more single women own properties than singleHowever,men. women still need to be armed with the tools to build wealth and obtain appreciating assets, such as property, says Sithole-Ngobese.
Case #3 Sithole’s case Finally, in the Sithole case, (see main story) Agnes Sithole challenged Section 21(2)(a) of the Matrimonial Property Act, on the basis that it maintained and perpetuated the discrimin ation created by Section 22(6) the Black Administration Act which deemed marriages between black couples to be out of community of property. This was different to the position of other racial groups whose marriages were automatically converted to being in community of property. The judgment unpacks societal dynamics such as patriarchy, gender stereotyping and inflexible application of oppressive cultural practices which perpetuates intersectional discriminatory consequences for black women.
The changes are thanks, in part, to the work done to break down several archaic laws that sought to keep women out of property.
Case #2 Thokozani Maphumulo In 2017, the LRC represented Ms Maphumulo, the intervening applicant in Ramuhovhi versus the President of RSA. Ms Maphumulo was the second wife in a pre-RCMA polygam ous customary marriage and faced eviction from her home upon her husband’s death. The Constitutional Court declared Section 7(1) of the RCMA invalid with the Constitution, insofar as it applied to polygamous customary marriages but gave Parliament an opportunity to correct the defect within 24 months.OnMarch 2, 2021, Parliament passed the RCMA Amendment Bill. The amendment will ensure that the default position for all customary marriages will be in community of property, unless stipulated otherwise in an antenuptial contract. The bill also ensures that spouses in more than one customary marriage have joint and equal ownership rights and rights of management and control over marital property. The provisions would not invalidate the winding up of a deceased estate that was finalised or the transfer of marital property where the person receiving transfer was not aware that the marital property was subject to a legal challenge.
No thelongerunderdog
LANDMARK RULINGS AGAINST DISCRIMINATION
For generations, women struggled for the right to own property, but this is changing
T ODAY, women – either alone or in partnership with other men or women – own more than half the residential property stock registered in South Africa, according to recent stats from Lightstone. The changing ownership patterns reflect the growing participation of women in the economy, and Lightstone data suggests that women-only buyers are edging towards buying more expensive properties. By the end of July 2022, women, individually or in partnership, accounted for 57% (3 896 595) of the total volume of properties in the market (6 868 778), while this accounted for 54% (R3.4 billion) of the total value (R6.4bn) of residential properties registered at the DeedsAndOffice.thepercentage of properties purchased by women only is steadily increasing, from 16% in 2018 to 21% in 2021, with the number up another percent for the seven months to end July 2022, according to Lightstone.
Case #1 Elizabeth Gumede In 2008, the LRC represented Ms Gumede in the case Elizabeth Gumede versus the President of RSA. The Gumedes were married in 1968 and, therefore, their marriage was governed by customary law regulated by apartheid-era legis lation, the KwaZulu Act and Natal Code which stipulated that a husband is the owner of all family property. When Mr Gumede brought divorce proceedings against Ms Gumede, the LRC challenged the constitutionality of Section 7 of the RCMA which would have left Ms Gumede vul nerable and homeless in her old age. The Constitutional Court confirmed that Section 7(1) of the RCMA was inconsistent with the Constitution and invalid to the extent that its provi sions related to monogamous customary marriages.
326 AUGUST 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
“The potential of women to own and control land fosters their power of selfdetermination, eliminates dependence, and enables them to participate meaningfully in decision-making structures,” says the LRC. Esteani Marx, from Lightstone, agrees. “One of the most noteworthy aspects of liberation that celebrates female empowerment is that women can own assets –“Theindependently.averagepricewomen are buying their homes for is just shy of R800 000 –the highest it’s been in the past five years,” says“AnotherMarx. positive finding from our data is the slight average increase in properties owned by single females within the R1.5 million and up price bracket – especially in a depressed economic environment.”Anotherbig positive is the growth in single females buying property in the Eastern Cape, which is “encouraging”. Prior to the Covid-19 pandemic and the subsequent economic downturn, there was an increase in the number of young, black women driving the property market, says Gugu Sithole-Ngobese, the founder of Women in Planning SA. Female property ownership – or lack thereof – has always been an issue, she Insays.the past, a slew of laws and customs hindered women from making strides in the property world and prevented them from owning or inheriting land – laws and customs that sought to give women the status of children.
It’s no secret that access to land and property is essential in securing financial freedom for women, as well as giving them individual agency and autonomy, says the Legal Resources Centre (LRC), which has brought three cases to court to secure the rights of disadvantaged women.
The new ruling stipulates that all customary marriages are to be declared in community of property, a marital property law that treats the property of either spouse as joint property, regardless of who paid for it. Sithole’s case plus others, including that of Elizabeth Gumede and Thokozani Maphumulo, also fought by the LRC, “illustrate the persistence of patriarchy, the vulnerability of women during and upon termination of a customary marriage and the shortcomings of legislation enacted to protect such women”. “The court cases and the Recognition of Customary Marriages Amendment Act 1 of 2021 recently passed by Parliament reverses thisTherediscrimination.”areplansto amend the act further and regulate the proprietary consequences of customary marriages entered into before the act came into“Theeffect.affected women belong to a generation of black women who were born, raised and married under apartheid, during a time when laws actively prevented their access to freedom of movement, education, and the right to hold property.”
4 26 AUGUST 2022 Photo: Alexa Horne (Managing Director)
526 AUGUST 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.zaantoinette.gilbert@inl.co.zaTO ADVERTISE IN GAUTENG \UNSPLASHPICTURE:RALPHRAVI-KAYDEN National Listings
• Holders benefit significantly from avoiding much of the day-today responsibility and taxes (VAT and transfer duty) that come with homeMonthlyownership.levies include care; catering; cleaning of common facilities; security; insurance; management; maintenance; and garden services. The levy is run in a not-for-profit structure which ensures that residents receive great service and site maintenance at the lowest possible cost. Secure your dream home now by visiting https://wytham.estate/
• The developer is the owner and grants a right of tenure over the property.
WYTHAM ESTATE: the best move you’ll make INTRODUCING :
6 26 AUGUST 2022
THE DISTINGUISHED HISTORY OF WYTHAM ESTATE
The dedicated team behind Wytham Estate understands that our residents are looking for a retirement living option that prioritises comfort and ease over the daily stresses of traditional homeFollowingownership.alife rights model, every element of the estate has been designed to make our residents’ lives cost-effective and enjoyable.
The story of Wytham Estate dates from the first Dutch Cape governor Simon van der Stel and the beautiful homestead called Stellenberg. Draped across the southern slopes of Table Mountain, the original farm stretched across most of what is known as Claremont and Kenilworth today, and played a key role in the establishment and development of the Cape. In 1886, Stellenberg was sub-divided and a house of epic grandeur was built and purchased by Henry Beard, a minister of Parliament and distinguished businessman. After his death in 1926, the property was purchased by Judge James Stratford It was around this time that the estate became known as Wytham Estate. In 1961, Stanley Lewis, the man behind the successful Foschini Group, bought Wytham Estate The family owned the house for 41 years, and Stanley often used the house to host important business meetings and spent hours building his retail empire from the study – a room carefully restored to become the Lewis Library in the Manor House that Wytham Estate residents can enjoy AVIEWtoday.Developers purchased the property in 2017 and got to work building the magnificent retirement lifestyle estate, quietly weaving together the script for the next chapter in this rich, historical tapestry.
WYTHAM ESTATE LEVY AND LIFE RIGHTS STRUCTURE
• Individuals who “buy” into the estate hold the right and occupy the “purchased” home until they pass away or decide to move elsewhere.
WYTHAM ESTATE is a new, upmarket retirement village that has been designed and developed from a desire for people to spend their golden years within the historic Cape Town suburb of Upper Kenilworth. It offers a selection of 49 apartment-style units and 12 mewsstyle homes – each with access to comprehensive home-based care options and 24/7 manned security to ensure residents’ peace of mind and the knowledge that they can access the care they need, as soon as they need it. Residents will be able to enjoy luxurious on-site amenities including a restaurant, cafe, library, wellness centre, several entertainment areas, and even a boutique hotel for visiting friends and Butfamily.that’s not all that makes Wytham Estate unique. The gorgeous property and landscaped gardens are also steeped in Cape Heritage.
HOW LIFE RIGHTS WORK:
726 AUGUST 2022 DEVELOPMENTRETIREMENT IN KENILWORTH 8 Wytham Avenue, Kenilworth, Cape Town Wytham Estate offers an assortment of exclusive facilities for residents • Enjoy the Highwick House clubhouse, restaurant, coffee shop, cinema, library, gym and wellness center. • 24hr security • Secure parking • Limited selection of garden apartments remain • Home based care available and full-time care staff on-site • Solar power and backup to essential home systems. Back up generator for lifts and communal essential lighting. • Communal library • Cabling connection points for electric cars have been thought of and would be available in the future on request. Only 30 apartments remain, for anyone over 65 SHOW UNITS NOW AVAILABLE TO VIEW Developed ByManaged By CALL FOR A SITE TOUR AND A MEETING FOR FURTHER INFORMATION ABOUT THIS MAGNIFICENT ESTATE www.wytham.estatesales@wytham.estate+27 63 707 2886•Levies from R11 750 including meals • City Council Municipal Rates from R950 depending on property size
Set on upper Bree street, in the beating heart of Cape Town, a mix of spaces grants everyone access to the modern ideal. All this is possible and more at The Fynbos starting from R1,104,000.00. To find out more, visit thefynbos.com
Introducing a living, breathing building where the divide between nature and built blurs... a world in harmony, finest finishes and features brushing up against indigenous flora, high design, clean air, a city regenerated. The first biophilic development in Africa blends purist sustainability principles with iconic architecture and on-trend detailing.
926 AUGUST 2022 CONTEMPORARY GREEN POINT LIVING This modern, boutique building offers residents a lifestyle like no other. Quietly located at the end of a small cul-de-sac road yet a 5 minute walk from popular delis, Green Point Park, Virgin Active gym and local shops LOFT LIVING STYLE RE-IMAGINED New York inspired loft is in a league of its own, North facing with floor to ceiling windows for an abundance of light throughout the apartment. 24 Hour security, 2 basement parking bays (tandem) complete this one-of-a-kind apartment GREEN POINT - R6.7 MILLION WOODSTOCK - R3 MILLION SERRYN PRYTZ 082 770 7680 JAMES CURTIS 082 485 2702 SERRYN PRYTZ 082 770 7680 Web Ref: RL12285 Web Ref: RL12286 NEW RELEASE NEW RELEASE dogongroup.com A visionary company with decades of experience ALEXA HORNE 082 349 7799 BERNICE KAYE 072 942 0548 SOUTHERN SUBURBS 021 671 0258 CONSTANTIA UPPER - R15.95 MILLION A STYLISH MIX OF CONTEMPORARY FAMILY LIVING This contemporary home is strikingly beautiful and offers clean lines and finishes of the highest quality. Situated in Sillery Estate it is extremely private with a wonderful North facing aspect. The numerous large, open-plan entertainment areas are elegant and lead to the outdoor undercover patio, salt pool and garden. 2 Garages and excellent security. Outside staff cloakroom. This superb home offers all the above and so much more EXCITING NEW RELEASE Web Ref: RL12283
10 26 AUGUST 2022 Experience Quadrant Gardens For more information or to book your personal appointment contact Quadrant Gardens Manager, Adam Munga on 021 205 8600 or email AMunga@cpoa.org.za • Wilderness Road, Claremont StandachancetoWIN!2-nightstayatQuadrantGardens Quadrant Gardens is a stunning, state of the art property in Wilderness Road Claremont. Spacious apartments with quality finishes, courtyard and roof-top gardens, inviting lounge areas and safe underground parking. Customised care plans if needed. Quadrant Gardens in Claremont,retirement at its best. Visit Quadrant Gardens on the 3rd September 2022 from 9am - 12pm. Stand a chance to WIN! 2- night stay at Quadrant Gardens. Open Day, Saturday, 3rd September 2022 • 9am - 12pm Stand a chance to WIN! 2- night stay at Quadrant Gardens. Terms & Conditions Apply
**Close
RONDEBOSCH R4,995 MILLIONRONDEBOSCH R1,15 MILLION 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. Garage. *Close to Shops & Transport. 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.
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!
CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA
*Tandem
ON SHOW SUNDAY 2-5PM Hill, 13 Grotto Road, Rondebosch. 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.
RONDEBOSCH R1, 5 MILLION Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower over Bath. Fitted Kitchen. to Shopping Centres, Restaurants, UCT and Transport.
*Garage. *Walk
Spacious
**Two
Academic
WHITEHALL COURT R1,35 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 & RONDEBOSCHTransport.R5,3 MILLION CAVENDISH HEIGHTS R2,1 MILLION Charming Two Bedroomed Apartment (95m²) with Fitted Kitchen open to Dining Room
RONDEBOSCH R1,1 MILLION 24HR Security Complex in Prime Position. Two Bedroomed, Two Bathroomed Apartment (92m²) with Two Balconies & Superb Views! Fitted Kitchen open plan to Dining Room and Lounge. Two Shower Bathrooms. Parking Bays. to all Amenities and City Centre.
RONDEBOSCH MILLION Three Bedroomed Apartment (123m²) above the Main Road in pretty garden setting. Fitted Kitchen and Bathroom. *Parking Bay. Walk to UCT, / Lounge and Balcony with views. Full Bathroom and Sep Toilet. **Covered Parking Bay. **Walk to Kingsbury Hospital, Library, Restaurants, Jammie Shuttle, Shops and Transport!
R1,95
WOODSTOCK UPPER R2,1 MILLION NEG.
1126 AUGUST 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. Small Security Complex. Two Spacious Bedroomed Apartment with lounge leading to large Balcony. Fitted Kitchen & Full Bathroom. *Parking Bay. Close to Dean Street Shops, Restaurant and Jammie Shuttle Stop.
*Devonshire
12 26 AUGUST 2022
1326 AUGUST 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 SOLDOVER 50%
14 26 AUGUST 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 27 PROPERTIES ON AUCTION - 22 SEPTEMBER 2022 Auction Date & Time: 22 September 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 ± 3 675 M² RETAIL AND COMMERCIAL FACILITY IN DURBAN CBD 181 Anton Lembede (Smith) Street, Durban CBD Ground Floor Retail: ± 1 875 m² Upper Floors Workshops, Offices & Storage: ± 1 800 m² Vehicular ramp access to upper floors | Existing National Car dealership premises (Thekwini Motors) | Sold vacant occupation 2 X UPMARKET JOINT PROPERTIES WITH 23 ROOMS 11 Ferndale Road & 33 Nimmo Road, Morningside Property 1 – 11 Ferndale Road - Site Extent: ± 1 236 m² | 11 En-suite Bedrooms 11 Secure parking bays | Property 2 – 33 Nimmo Road - Site Extent: ± 2 044 m² 12 En-suite Bedrooms fully equipped for guest accommodation | 11 Secure parking bays Both properties fully equipped for guest accommodation | Sold individually or combined ± 1 200 M² WAREHOUSE & RETAIL SHOPS/OFFICES IN PROSPECTON INDUSTRIAL 38 Prospecton Road, Prospecton Industrial Site Area: ± 1 970 m² | Zoned: Limited Commercial Corner Site with excellent exposure Double volume warehouse/factory facility 25 Onsite Parking bays Frontline shops/ offices plus further offices on first floor Can accommodate 8 tenants Sold vacant occupation INDUSTRIAL PROPERTY WITH HIGH POWER 24 Halifax WestmeadRoad, GLA: ± 5 394 m² | Large Yard | Separate configurations Ample off-street parking & offices ± 300 HA GAME FARM, ADVENTURE CAMP & TRAINING FACILITY IN LIMPOPO ± 17.5km from Mookgopong along the P165, Mookgopong Total Extent: ± 300 Ha | 4 Dams, 2 boreholes, and a weir on the Sterk River Training facilities: Workshops, Classroom, Kitchens, Dining Rooms Accommodation: Capacity for 300 plus students 2 BEDROOM APARTMENT ON DURBAN BEACH FRONT Section 119 (Door 1405) Golden Sands, 95 Snell Parade, North Beach Extent: ± 75 m² 2 Bedrooms 2 Bathrooms Tenanted Gross Annual Income: ± R96 K ± 21 000 M² VACANT LAND CLOSE TO UKZN Erf 3054 Westville Extent: ± 2.1727 Ha | ± 5 Km From UKZN | ± 4 km From Westwood Mall Easy Access to M13 , King Cetshwayo Highway INDUSTRIAL WAREHOUSING 30 Barracuda Road, Wadeville, Johannesburg Extent: ± 2 269 m² Industrial warehouse Good yard and ample power ± 40 HA FARM & POTENTIAL DEVELOPMENT SITE ± 4,5 km from the N2, Northern Bank, Tugela Mouth Total Extent: ± 40 Ha| Tugela River forms the southern boundary Potential development site Opportunity for conversation to Macadamias Beautiful views of the river mouth, and sea Easy access from the N2 highway ± 4 000 M² WAREHOUSE FACILITIES IN SPRINGFIELD PARK 176-186 Rochdale Road, Springfield Park Total Site Extent: ± 5 300m² | Warehouse 1: GLA ± 2 600 m² | Warehouse 2: GLA ± 1 400 m² | Rear Yard Area: ± 2 000 m² | Excellent height, mezzanine levels, admin offices Sought-after area COMMERCIAL BLOCK WITHIN BALLITO BUSINESS PARK Corner of Moffat Drive & Stewart Drive, Ballito Business Park, Ballito Site Extent: ± 1 800 m² | Gross Lettable Area: ± 3 500 m² | 4 Storey building 62 Parking bays | 63 Drywall partitioned offices Ground floor retail / showroom HIGH EXPOSURE MANUFACTURING FACTORY 16 Trafford Road, Westmead Extent: ± 3 599 m² Yard:± 1 470 m² High exposure site | Large power supply Good access & great height | The adjacent property is also available RESIDENTIAL DEVELOPMENT OPPORTUNITY 46 Edgeley Road, Durban North Extent: ± 3 887m² Flat development land Zoned Special Residential 400 Possible 9-unit development opportunity | Located in sought-after Durban North HIGH EXPOSURE COMMERCIAL PROPERTY 45 Adelaide Tambo Drive, Durban North Extent: ± 1 269 m² GBA: ± 382 m² | Double Story offices | High exposure position next to Spar | Ample off-street parking RESIDENTIAL LAND IN GATED ESTATE HARTBEESPOORT ErfDAM285 Kosmos Ridge, North West Extent: ± 2 928 m² Residential development site | Gated estate | On the banks of Hartbeespoort Damfloors STAND ALONE WAREHOUSE WITH GOOD HEIGHT 41 Cordova Close, Briardene Extent: ± 3 703 m² ± 1 000 m² Warehouse | Stand alone with decent yard | Great height Fantastic, high demand area 2 BEDROOM APARTMENT ON DURBAN BEACH FRONT Section 100 (Door 133) Marine Sands, 237 O R Tambo (Marine) Parade, North Beach Extent: ± 56 m² 2 Bedrooms 2 Bathrooms 1 Under cover parking bay | Tenanted | Gross Annual Income: ± R102K WELL POSITIONED INDUSTRIAL PROPERTY Section 2 SS 57 Gillits Road, Westmead Extent:± 1 396 m² Yard: ± 1 590 m² Large power supply Good access & great height The adjacent property is also available ± 2 700 M² INDUSTRIAL PROPERTY IN CONGELLA 28-32 Che Guevara (Moore) Road, Congella Site Area: ± 1 362 m² | Ground Showroom, offices & Workshop: ± 1 450 m² | Ramp and Lift access to first | floor | First Floor Workshop: ± 1 000 | Residential/Office: ± 250 m² | Sold vacant occupation | Potential Gross Annual Income: ± R2.2 Million DOUBLE STOREY OFFICE Section 1002 Pebble Beach, Sibaya Extent: ± 126 m² Secure complex | Fantastic visibility Close to amenities | 7 Exclusive use undercover bays RURAL RETAIL DEVELOPMENT SITE Corner of Marina Street & South Africa Drive, Cosmo City, Johannesburg Extent: ± 5,71 Ha | Rural Development Land | Fuel station, retail & residential opportunity High Exposure corner site Brilliant position ± 7 000 M² OF MULTI-LEVEL WAREHOUSES/FACTORIES 336 South Coast Road, Rossburgh 5 Levels of ± 1 400 m² each | Power Supply: ± 125 AMPS per floor | Ground – Covered Basement (Height: ±4.1 m) | Slabbed Roof 2 Goods Hoists to all levels 1 x Passenger lift | Access off 2 roads Upper Floors - Sold vacant occupation 2 X BACHELOR APARTMENTS ON DURBAN BEACH FRONT Section 29 (Door 201) & Section 32 (Door 205) SS Marlborough, 27 O R Tambo (Marine) Parade, South Beach Extent: ± 39 m² each | 1 Bedroom 1 Bathroom | Kitchen | Tenanted Combined Gross Annual Income: ± R111 K | To be offered individually & combined 2 X UPMARKET 3 BEDROOM HOMES ON 1 PROPERTY 490 Musgrave Road, Musgrave Extent: ± 857 m² 2 x 3 Bedroom homes All en-suite bathrooms Fitted kitchens Domestic quarters | 1 x Double garage | 1 x Outbuilding 3 STOREY INDUSTRIAL BUILDING 105 Sydney Road, Congella Extent: ± 1 342 m² GBA: ± 3 600 m² | 2 Road frontages | Goods hoist services all floors | Vehicular access to ground floor | End-user opportunity 3 BEDROOM DUPLEX WITH GARDEN Section 11 SS Grantham Park, 28 Hunters Way, Umgeni Park Extent: ± 167m² Sought-after complex | Night guards | Close to amenities | Nearby the Soofie Saheb Mosque WILDLIFE CONSERVATION IN BOTSWANA Tuli West BotswanaConservancy, 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 VIREND | 071 383 1735 VIREND | 071 383 1735 VIREND | 071 383 1735 LUKE | 071 351 8138 TOM | 083 636 7800 MUHAMMAD | 079 458 4256 MUHAMMAD | 079 458 4256 ROSS | 082 923 9277 TOM | 083 636 7800 VIREND | 071 383 1735 VIREND | 071 383 1735 LUKE | 071 351 8138 LUKE | 071 351 8138 LUKE | 071 351 8138 ROSS | 082 923 9277 LUKE | 071 351 8138 MUHAMMAD | 079 458 4256 LUKE | 071 351 8138 VIREND | 071 383 1735 LUKE | 071 351 8138 ROSS | 082 923 9277 VIREND | 071 383 1735 MUHAMMAD | 079 458 4256 MUHAMMAD | 079 458 4256 MUHAMMAD | 079 458 4256 LUKE | 071 351 8138 ROSS | 082 923 9277 LIQUIDATIONIN
1526 AUGUST 2022 www.iolproperty.co.za PROPERTY 360AGENTS’ DIRECTORY DOGON GROUP PROPERTIES Atlantic Seaboard Office 021 433 thekings@dogongroup.com2580 SeaDOGONwww.dogongroup.comGROUPRENTALSPoint Office 021 433 enquiries@dogongroup.com2580 DOGONwww.dogongroup.comGROUPPROPERTIES Southern Suburbs, Claremont Office 021 671 southernsuburbs@dogongroup.com0258 DOGONwww.dogongroup.comGROUPPROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 enquiries@dogongroup.com2580 www.dogongroup.com RHONDA RAAD PROPERTIES Cape Town Office 082 448 7795 Email: rrpsales@mweb.co.za THEwww.rhondaraadproperties.co.zaWOODLAND Umhlanga Office 081 281 3960 Email: info@woodland.co.za PETwww.woodland.co.zaERMASKELLAUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.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.widenhamretirementvillage.co.zawww.hibiscusrv.co.zaSHELLEYRESIDENTIAL KZN Office 082 412 4463 Email: hello@shelley.co.za SERENITYwww.shelley.co.zaHILLSECO ESTATE KZN, South Coast Office 073 142 8292 Email: home@serenityhills.co.za CAPENOBLEwww.serenityhills.co.zaRESORTSTOWN 010 612 sales@nobleresorts.co.za6060 www.nobleresorts.co.za
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