1 3 FEBRUARY 2023 HIGHERINTERESTRATESSHOULDNOT DETERPROPERTY BUYERSPAGE3
Demand for green homes keeps growing
BY BONNY FOURIE bronwyn.fourie@inl.co.zaPROPERTY trends, just like life, are ever-evolving, but one which experts agree will be huge this year –and grow consistently in years to come – is the demand for green homes.
Homeowners are increasingly investing in off-grid and climatefriendly facilities, and more buyers are placing value on such offerings.
While this is not just being seen in South Africa and is a growing global trend, the constant power outages due to load shedding and electrical faults, plus inconsistent water service delivery in many parts of the country, makes green homes even hotter.
Some property professionals estimate that investing in certain installations could add up to R1 million to your home’s value.
Thanks to regular load shedding and power failures, Ally Nezar, the head of growth at Kandua.com, says solar panels and boreholes are on every homeowner’s wish list, and that the trend will not be slowing in 2023.
“Kandua.com’s data shows that solar power and boreholes are increasingly in demand as they enable homeowners to secure their supply of water and electricity.”
The statistics show that bookings for solar power and
borehole installation service providers increased by 71% and 60% respectively in the past 12 months.
The company’s architectural technologist Eric Turck adds that most solar energy systems deliver reliable electricity supply for 25 years-plus while ensuring that productivity is retained if you work from home.
“You’ll usually recoup the installation costs in just a few years, and homes fitted with solar technology sell more quickly than homes without alternative power options. This makes solar energy a good investment for homeowners, and one that a growing number of households will make in the new year.”
Citing Lightstone’s latest estate agents’ survey, Carl Coetzee, the chief executive of BetterBond, agrees that an increasing number of buyers want homes with solar power and other green features.
“With no end in sight to load shedding, homeowners are willing to invest in homes that offer alternative energy options. Some banks include finance options for solar solutions with their bond offering.
“There is the assurance that while paying off a bond, you are also paying for your solar system which will offer a reprieve from
load shedding.”
With Stage 6 load shedding firmly in effect and the threat of Stage 8 blackouts looming, Grant Smee, the property entrepreneur and managing director of the Only Realty Property Group, says it is no wonder many households are turning to “off-grid” power sources to keep the lights on and return to some semblance of normality.
“Solar power has emerged as the most popular alternative energy option due to its relatively quick installation, soundless efficiency (unlike a noisy generator), its environmental benefits, and the prospect of lower future energy bills.
“However, the upfront costs associated with solar installation may be prohibitive for the average middle-class homeowner, with options ranging from between R59 000 and R289 000, according to pricing from solar provider Solana Energy.”
Fortunately, he adds, the increased popularity of solar power has given rise to a variety of innovative financing options to make it more accessible and affordable.
These include:
✦ Outright purchase
Buying the system outright using one’s own funds
✦ Financing the system
“Some of the major banks now offer the ability to ‘add the cost of solar installation to one’s home loan.”
✦ Rent-to-own
Smee says various solar financing companies have popped up in recent years, offering consumers the option to pay a monthly fee for solar, with the understanding that you will own the equipment after a certain period, usually five to seven years.
✦ A subscription service
“Solar providers such as GoSolr offer a fixed-monthly subscription to solar power using their equipment. Prices generally start at R1 580 a month,” he says.
✦ Long-term value
Smee cites the importance of justifying the significant initial financial investment by considering the value it will add to your home in the long-term.
South African home loan experts ooba Home Loans says solar panels can increase the value of a property by around 3 to 4%.
“Taking into account the current electricity crisis in South Africa and with no long-term solution in sight, I believe that this estimate is actually rather conservative.”
Having such installations on your property gives sellers the opportunity to offer buyers longterm peace of mind, and this is important considering that most of the country is experiencing a buyer’s market, meaning that many well-priced and welldesigned homes are sitting on the market for far longer than they usually would, due to an oversupply of homes.
“Solar power is definitely a unique selling point and a way for sellers to distinguish themselves from the competition. Thus, I would encourage homeowners to make the transition now while they can afford it, as it can be a lifeline should they become financially distressed and need to make a quick sale.”
By investing in solar power, owners are also able to market the “peace of mind” that their property will offer prospective buyers, both in the short and long-term.
“The buyer has the assurance
that they will be able to work from home and perform daily household tasks such as cooking without interruption,” Smee says, adding: “Another positive selling point is the prospect of lower electricity bills and resilience against unforeseen tariff increases.
“Eskom was recently approved to implement an 18.65% tariff hike come April 2023, which is yet another blow to South Africans dealing with interest rate hikes and the rising cost of living.
“In contrast, most solar providers’ annual price increases are in line with annual inflation, giving consumers the ability to plan and budget accordingly.”
There are, however, factors that homeowners need to consider in order to maximise their solar investments. He outlines them:
✦ Choose your financing option wisely: If you’re investing in solar power with the goal of adding to the value of your home, make sure that you own the equipment outright. If you’ve opted for the “rent-to-own” (and haven’t completed the contract) or solar subscription option, the new owner will have to carry the costs of the contract.
✦ Take the size of the installation into account: The more solar panels on your roof, the more electricity can be generated.
✦ Make sure that you purchase a hybrid solution: A hybrid system consists of solar panels, a smart inverter, and a battery. The battery is what keeps your electricity running during load shedding, using the power generated from the solar panels during non-load shedding periods.
✦ Choose a reputable service provider: Make sure your provider is accredited, uses the highest quality materials to increase their lifespan and offers a warranty should something go wrong.
✦ Remember that location is key: If your roof is constantly in shade, the solar panels will receive very little sunlight to generate electricity, making a costly installation essentially useless. Solar power has the potential to greatly increase the selling potential of your home, but all factors must be considered to maximise your return on investment.
2 3 FEBRUARY 2023
Living in a more eco-friendly way will be one of the biggest property trends in 2023. PICTURE: KINDEL MEDIA/PEXELS
More people are seeing the benefits of adopting alternative energy sources to power their properties and make them more attractive to buyers
Interest rates: good news for buyers and homeowners
BY BONNY FOURIE bronwyn.fourie@inl.co.zaIT WAS pretty much a given that the South African Reserve Bank (SARB) would increase the repo rate last month, but with the hike being 0.25%, there is little for homeowners and property buyers to be bitter about.
Experts predicted that the best-case scenario would be a 0.25% increase and the worstcase a 0.75% raise, leaving many people holding out for a 0.5% rise as a compromise.
When the announcement was made, many people were breathing a sigh of relief.
While a rate hike is never welcome news, Samuel Seeff, the chairperson of the Seeff Property Group, says that because it was expected, it was largely factored in by the property market.
Still, he feels that the SARB could have kept the rate steady, as a reprieve for the economy and consumers, especially considering the escalating Eskom energy crisis.
He hopes to see the rate coming down towards the latter part of the year.
Understandably, says Tony Clarke, the managing director of the Rawson Property Group, people are feeling the everincreasing pinch of the recent series of hikes, but, in the long run, not increasing them will do more harm.
“A potential hold on the rate could follow in May and July, with the latter part of the year seeing another 0.5% increase in total.
“Looking even further ahead
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– if current hikes have the desired effect – we could start seeing reductions in the latter part of 2024.”
While there is no doubt that the higher interest rate will weigh on the market and result in “slightly fewer” buyers, Seeff’s assessment is that the market will remain stable and see “good activity”.
“People always need a roof over their heads, lifestyle needs change, and for a variety of other reasons, we will continue seeing demand in the market. We are also likely to continue seeing strong migration to the coastal areas, especially in view of the growing service delivery challenges and Eskom energy crisis.
“We are still seeing strong support from the banks, with mortgage lending remaining favourable for the market.
“Buyers should therefore not hesitate to get into the market, but must now factor in the higher costs.”
Furthermore, asking prices will increasingly come under pressure, and sellers will need to heed the advice of local agents if they want to take advantage of the demand in the market, he says.
But while homeowners may be justifiably concerned about the potential impact on their property values, Clark says the reality is not nearly as dire as popular opinion would have them think.
“There are a lot of myths and misconceptions doing the rounds
on the property market. A lot of them are easy to believe because they tie into our biggest fears as property owners, buyers and sellers.”
Instead of falling prey to panic, however, he encourages homeowners to separate fact from fiction – preferably with the help of a property expert – before making any decisions that might backfire in the long run.
Adrian Goslett, the regional director and chief executive of RE/Max of Southern Africa, advises homeowners and future buyers to prepare themselves for the worst-case scenario of having interest rates climb by roughly 1% over the course of the year.
“It is better to make room in your budget now than to be caught short if interest rates do climb further.”
He adds that the effects of the interest rate hikes are becoming more evident.
“The total number of registered transactions lessened during the last quarter of 2022. Following this latest interest rate hike, it is likely that the property market will quieten down somewhat further over the course of the year.”
The good news, says Carl Coetzee, the chief executive of BetterBond, is that the country could be heading for the peak of this cycle of interest rate hikes.
“We could see interest rates start to stabilise in the coming months and, hopefully, even drop towards the end of this year and into next year.”
It’s important to take the long
view when it comes to the housing market and buying property.
“Our Reserve Bank acted swiftly to curb inflation by starting to increase interest rates in November 2021. That’s why we think today’s increase may be one of the last hikes for a while.”
If that proves to be the case, he says it will give homeowners some welcome breathing room as they grapple with food, fuel and electricity costs, and load shedding.
“It could also create more opportunities for new buyers to enter the housing market by investing in homes of their own in the near future. And that would be good news for our economy too.”
Andrew Golding, the chief executive of the Pam Golding Property group, also hopes that the country has reached the peak of the interest rate cycle.
For the housing market, however, he says activity remains steady across all sectors, buoyed by favourable bank lending as well as cash buyers, particularly in the luxury market. Soughtafter nodes also continue to experience high demand.
Rhys Dyer, the chief executive of ooba Home Loans, also believes that the “moderate increase” is one of the last rate hikes this year.
Current and potential homeowners can possibly breathe a sigh of relief.
“With the exception of a possible single small additional rate hike this year, I believe that
we are now out of the woods, and that South Africans can start to plan around the interest rate of 10.75% to 11%.
“We also believe that this stabilisation will allow more buyers to better budget their monthly repayments, knowing that we are at the peak of the interest rate cycle.”
Echoing this, Chris Tyson, the founder and chairperson of Tyson Properties, says the interest rate hike is “extremely positive” and that while it may inject a little caution, it will not frighten buyers out of the market.
“In fact, we see this as extremely positive. It is a sign that interest rates are levelling off to be in line with pre-Covid levels.”
Nick Pearson, the chief executive of Tyson Properties, believes there has been a correction in interest rates over the past year and that the latest increase, “which is likely to be one of or even the last in this cycle”, will enable buyers and sellers to readjust to a postpandemic economy.
“An interest rate hike definitely forces people to be more correct a it comes to pricing their properties for sale or making an offer on a property.”
He does state though, that the interest rate increase will affect various parts of the market differently, with wealthier buyers more likely to weather the increased cost of home loan repayments. In addition, the provinces are also likely to each respond differently.
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
3 3 FEBRUARY 2023
The signs are pointing to hikes reaching their peak soon and stabilising towards the end of the year, creating more opportunities for new entrants as well as correct pricing
today’s interest rate hike, there are positive developments to look forward to.
Despite
PICTURE: COTTONBRO STUDIO/PEXELS
4 3 FEBRUARY 2023 PICTURE: MAX VAKHTBOVYCH / PEXELS 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 National Listings
ROSEBANK
RONDEBOSCH
MILLION
RONDEBOSCH R1,95 MILLION
Spacious Three Bedroomed Apartment (123m²) above the Main Road in pretty garden setting. Fitted Kitchen and Bathroom. *Parking Bay. Walk to
over Bath. Fitted Kitchen. *Garage. *Walk to Shopping Centres, Restaurants, UCT and Transport.
CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA
A RARE OPPORTUNITY NOT TO BE MISSED
This magnificent home sits high on our beautiful mountain at the edge of National Parks land and has uninterrupted views across False Bay towards Simon’s Town, the Hottentots Holland Mountains of Somerset West/Stellenbosh and South to Rooi Els as far as the eye can see.
Once you enter you almost have the feeling of being on board ship with every room boasting breathtaking views from every corner of the property.
PROPERTY DESCRIPTION:
TOP LEVEL: 1:
3 Garages with direct access double glazing, sliding doors and Euro style open in/tilt windows and doors for easy cleaning with lounge and dining view preserving Luxaflex Blinds. Fantastic entertainers kitchen with views, Luxaflex Blinds, open in/tilt windows, easy access drawer and cupboard systems. Energy saving instant water heaters for kitchen and bathrooms. 3 phase energy supply to enable load balancing and instant water heating. Beautifully appointed entrance, secure and side garden patio, lounge and dining areas with large balcony, 3 x 316 plate stainless steel pillars clad in ALU support sea facing beam. Low maintenance Rhein Zinc Eave cladding and gutter on main roof. Warranties on main and new garage roofing. Stainless steel recessed gutter on main roof feeds 2 x 6000 litre tanks in large level 3 store room, programmable water system.
LEVEL 2.
2 Bedrooms both with beautiful en suites, common balcony access and fabulous views. Ample cupboards. Carpeted bedroom areas..
LEVEL 3.
This level is office space with a separate bathroom at the moment but can be turned into an apartment with its own entrance or alternately another 2 bedrooms. Inside ALU American Shutters for security and comfort.
ASKING PRICE R7.25 MILLION
5 3 FEBRUARY 2023 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
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.
RHON D A R AA D PRO PE R TI
R1, 5 MILLION Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower
UCT, 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.
R5,3 MILLION CAVENDISH HEIGHTS R2,1 MILLION Charming Two Bedroomed Apartment (95m²) with Fitted Kitchen open to Dining Room / Lounge and Balcony with views. Full Bathroom and Sep Toilet. **Covered Parking Bay. **Walk to Kingsbury Hospital, Library, Restaurants, Jammie Shuttle, Shops and Transport! WHITEHALL COURT R1,35 MILLION 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! RONDEBOSCH R3,5 MILLION RONDEBOSCH R1,050 MILLION Charming and Large Modernised Three Bedroomed, Two Bathroomed Apartment with Entrance Hall, Lounge and Balcony. Modern Fitted Kitchen with built-in Oven, Hob and Extractor Fan. Close to Kelvin Grove Club, Newlands Cricket Stadium, leading Schools, Shops and Transport. Prime Position! Spacious Two Bedroomed Duplex Apartment with Garage for Sale. Dining Area and Lounge leading to Large Balcony with Views! Fitted Kitchen and Full Bathroom. Walking distance to Schools, UCT, Shops and Transport. RONDEBOSCH R2,5 MILLION 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!.
RONDEBOSCH
R1,68
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.
ON SHOW SUNDAY 2-5PM
PLEASE CONTACT AGENT FOR ALL VIEWING DEBBIE 073 140 2543 IRENE PORTER PROPERTIES
*Devonshire Hill, 13 Grotto Road.
6 3 FEBRUARY 2023 dogongroup.com A visionary company with decades of experience ALEXA HORNE 082 349 7799 SOUTHERN SUBURBS 021 671 0258 BISHOPSCOURT - P.O.A. UNSURPASSED LUXURY WITH BREATHTAKING MOUNTAIN VIEWS This 6 bedroom, 7.5 bathroom masterpiece is set in arguably Cape Town’s most desirable suburb and its unique design and the immaculate execution thereof ensures all rooms capture the best view to be had in Bishopscourt. Fall in love with the garden which views as a seamless extension of the famed Kirstenbosch gardens. This property is completely off the grid with a generator and two boreholes with a filtration system. State-of-the-art security, garaging for 6 vehicles plus ample additional parking Web Ref: RL12484 NATACHA NEUBURGER 083 449 9933 HEAD OFFICE 021 433 2580 V&A WATERFRONT - R40 MILLION SUPERB DUPLEX PENTHOUSE OVERLOOKING THE MARINA Welcome home to the crown jewel of this iconic building at the V & A Waterfront Marina. A unique investment opportunity perched on the 8th floor, this unparalleled real estate offering presents a chance to reside in this one of a kind penthouse in one of the most sought-after locations in Cape Town. Modern luxury and exquisite views, this residence is an aperture for natural light with triple volume and full-height windows. Breathtaking 360° views of Table Mountain, Silo district and the exclusive Marina EXCITING NEW RELEASE EXCITING NEW RELEASE Web Ref: RL12494
7 3 FEBRUARY 2023 A visionary company with decades of experience Rentals 021 433 2580 AND THE LIVING IS EASY A light-filled conversion maintains many of the original features of a Cape Dutch home in this quiet pocket of lovely Hiddingh with a stunning mountain view. Flexible & generous accommodation, plenty of storage, meets the demands of family life today THE BEST OF BOTH WORLDS IN CHELSEA VILLAGE This very special home has been caringly and sensitively renovated while keeping to the core of the home’s history with balancing the old with the new. Designed by a leading architect/designer, this beautiful home offers a convenient lifestyle NEWLANDS - R7.5 MILLION WYNBERG UPPER - R4.499 MILLION SHELLEY ROHLAND 082 363 6383 SOUTHERN SUBURBS 021 671 0258 LANA HOLT 071 035 9458 SOUTHERN SUBURBS 021 671 0258 Web Ref: RL12492 Web Ref: RL12497 NEW RELEASE A PERFECTLY FORMED RETREAT Find this adorable cottage behind a pleasing bay windowed, white jasmined facade in an attractive street. 3 Bedrooms (1 loft en-suite bedroom), 2 bathrooms. Cute, compact, fresh, pretty and practical with every need meticulously taken care of NEWLANDS - R3.885 MILLION SHELLEY ROHLAND 082 363 6383 SOUTHERN SUBURBS 021 671 0258 Web Ref: RL12488 NEW RELEASE NEW RELEASE WELL POSITIONED AND SPACIOUS APARTMENT Great investment. This well-positioned 2 bedroom apartment is situated in a beautiful suburb within walking distance of the best restaurants. Open-plan lounge, dining room and kitchen leading onto balcony with fantastic city and Waterfront views DE WATERKANT - R3.395 MILLION NEO TSHENGU 082 048 0188 HEAD OFFICE 021 433 2580 Web Ref: RL12486 NEW RELEASE CHOICE SELECTION OF CAPE TOWN’S DEVELOPMENTS URBAN LIVING AT ITS FINEST Chapel Towers is perfectly suited to the mover-and-shaker looking to call the Mother City their home. VAT Incl. - No Transfer Duty CHAPEL TOWERS ZONNEBLOEM - FROM R1.65 MILLION NEO TSHENGU 082 048 0188 Web Ref: ND27 AWARD-WINNING ESTATE A secure and sunny estate set within landscaped grounds, including magnificent established trees and indigenous gardens. VAT Incl. - No Transfer Duty APPLEGARTH HOUT BAY - FROM R5.395 MILLION LEAH 082 608 3388 LESLEY 061 439 8225 Web Ref: ND68 INVEST IN THE PREMIUM NEW ADDRESS The modern design features superior, high quality finishes & encompasses 24 stylish one, two and three bedroom apartments. VAT Incl. - No Transfer Duty THE CHESTERFIELD RONDEBOSCH - FROM R2.65 MILLION LESLEY 061 439 8225 LEAH 082 608 3388 Web Ref: ND1
8 3 FEBRUARY 2023 BALLITO | KWA-ZULU NATAL | SOUTH AFRICA Michelle Blackburn 084 788 1020 michelle@balwin.co.za Hills Ave, Ballito www.balwin.co.za *Terms & Conditions Apply 2-6pm | Wed, Sat, Sun & All Public Holidays On Show SCAN ME to view the latest Brochure GREEN BOND 20 YEAR SAVINGS!* MASSIVE GREEN BONDS 1 BEDROOM 1 BATHROOM 2 BEDROOM 2 BATHROOM 3 BEDROOM 2 BATHROOM from from from R1 429 900* R1 999 900* R2 529 900* SPECTACULAR NEW SHOW APARTMENTS TO VIEW! BE ONE OF THE NEXT 50 TO BUY AN APARTMENT AT BALLITO HILLS AND BECOME A BALWIN PLATINUM MEMBER.* BALWIN LOYALTY PROGRAMME:* International Property Awards: 38
9 3 FEBRUARY 2023
10 3 FEBRUARY 2023
Bidding opens 22 FEB 2023 @ 12h00
https://bidlive.maskell.co.za
URGENT ONLINE AUCTION OF A PRIME ±8396m² MEDIUM IMPACT MIXED USE STAND WITH ROAD FRONTAGE TO BOTH WHITE ROAD AND MURDOCH CRESCENT: LOCATED IN WESTGATE, PIETERMARITZBURG IDEAL OPPORTUNITY FOR DEVELOPERS AND INVESTORS
a restricted
Contact Danielle (Candidate Property Practitioner) on 082 801 6827 / danielle@maskell.co.za • R50 000 buyer's card deposit payable by EFT • 10% deposit payable on fall of hammer • FICA to be provided • “Above subject to change without prior notice • Sale subject to confirmation (E&OE) *Automatic staggered ending time : if a lot receives a bid within the last 10 min, bidding will remain open for an additional 10 min - If any further bidding occurs, the extension timer will reset to 10 min - If no further bidding activity occurs, the lot closes when the timer runs out
Bidding opens 7th Feb 2023 At 12h00 & closes from* 12h00 on 8th Feb 2023
https://bidlive.maskell.co.za
Erf 9211 Pietermaritzburg in extent of 461m² : 3 Dassie Lane, VCCE Park Village
The property comprises a double storey 3 bedroom, 3 bathroom (all en suite) residence with an open plan lounge, kitchen / scullery & dining room, domestic accommodation, guest bathroom, double
11 3 FEBRUARY 2023
Duly instructed by the Business Rescue Practitioner for Capital City Housing NPC
The property is zoned as Medium Impact Mixed Use which provides for
range of commercial activities, workshops, offices, restaurants, residential development at medium intensities of development and with limited impacts
garage, laundry room
Liquidators
Oakbranch
TIMED ONLINE AUCTION OF A DOUBLE STOREY FAMILY HOME WITH 3 BEDROOMS AND DOUBLE LOCK - UP GARAGE ~ VICTORIA COUNTRY CLUB ESTATE ~ Contact Danielle Hoskins or Astyn Maskell (Candidate Property Practitioners l Registered with the PPRA) on 082 801 6827 / 082 604 0866 / 033 397 1190 • R50 000 buyer's card deposit payable by EFT • 15% deposit on purchase price payable by successful bidder on fall of hammer • FICA to be provided • “Above subject to change without prior notice • Sale subject to confirmation (E&OE) *Automatic staggered ending time : if a lot receives a bid within the last 10 min, bidding will remain open for an additional 10 min - If any further bidding occurs, the extension timer will reset to 10 min - If no further bidding activity occurs, the lot closes when the timer runs out
Duly instructed by the
of
Trading (Pty) Ltd, Master's Ref.: D89/2022
12 3 FEBRUARY 2023 The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 503, 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 Auction Date & Time: 15 February 2023 | 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 19 PROPERTIES ON AUCTION – 15 FEBRUARY 2023 2 ADJACENT COMMERCIAL BUILDINGS 28 Swapo (Broadway) Road & 54 Balmoral Drive, Durban North Combined Extent: ± 2 048 m² | 28 Swapo Road: ± 496 m² | 54 Balmoral Drive: ± 374 m² | Each Erf sold separately or combined | 45 Parking bays | Conversion opportunity | Fantastic location with huge exposure | Currently A Grade offices | 230 KVA Generator RESIDENTIAL BLOCK WITHIN MUSGRAVE CENTRE PRECINCT 22 Clyde Avenue, Musgrave Site Extent: ± 1 444 m² | 3 Storey Block – 58 Rooms | Accommodation for ± 117 people | Ample Parking Area | Sold vacant occupation | Upmarket & sought after node | ± 250 m from Musgrave Centre ± 150 m from Durban High School RESIDENTIAL BLOCK WITHIN MUSGRAVE CENTRE PRECINCT 234 Stephen Dlamini (Essenwood) Road, Musgrave Site Extent: ± 1 979 m² | 3 Storey Block – 56 Rooms (all en-suite) | Accommodation for ± 113 people | UKZN Lease expiring November 2023 – Gross Annual Income ± R3.4 Million | Ample parking area | Pool, Braai Area, Laundry, TV Room and Study Room | Sold vacant occupation | Positioned adjacent to Musjidus Salaam Mosque POPULAR TOTE & COMMERCIAL PROPERTY 11 Pridley Road, Reservoir Hills Site Extent: ± 945 m² | GBA: ± 477 m² | 28 Parking bays Off Track Tattersall operating for over 20 years | Option to Include Liquor & Gambling Licenses COMMERCIAL BUILDING & TOTE 69 Clarendon Street, Klipkop, Parow, Western Cape Extent: ± 892 m2 | High density residential area | Conversion opportunity | Ideal superette location COMMERCIAL OFFICE 66 Kings Road, Pinetown Extent: ± 1 290 m2 | End-use or Investor opportunity | Currently partially tenanted | 3 Lettable spaces | High exposure freestanding property INDUSTRIAL PROPERTY WITH HUGE EXPOSURE TO N2 FREEWAY 875 Peter Close, Springfield Park, Durban GBA: ± 3 200 m² | Ample Municipal yard and parking area | Fully tenanted | Potential for signage & branding companies for additional income to be earned | Gross Annual Income: ± R2.4 Million | Positioned alongside N2 Freeway ± 1 000 M² COMMERCIAL PROPERTY IN VERULAM CBD Sections 1, 2 & 3 SS Verulam Racing Centre, Todd Street, Verulam Extent: ± 1 842 m² | GBA ± 1 093 m² | Ample Onsite Parking (± 40 Parking Bays) | Positioned within the hub of Verulam CBD | Option to include Gambling and Liquor License NORTH COAST MACADAMIA AND SUGARCANE FARM 1.4KM FROM GINGINDLOVU ON THE R102, GINGINDLOVU Total Extent: ± 166 Ha | Macadamias: ± 44 Ha + irrigation | Sugarcane: ± 82 Ha | Arable Land: ±12 Ha + irrigation | Water Usage Rights: ± 130 Ha | Farmhouse, cottages, sheds, workshops, and more | Certain movables assets are included in the sale –List available on request RESIDENTIAL DEVELOPMENT LAND The Remainder of Portion 9 of Lot La Lucia No. 14634 Ridge Road, Umhlanga Extent: ± 1.16Ha | High exposure site | Exceptional Sea views | Residential development opportunity MINI-INDUSTRIAL UNIT IN SECURE PARK Section 3 Cordova Park, 2 Cordova Close, Briardene Extent: ± 432 m² | Situated in the popular Briardene | Secure complex | Good height HIGH EXPOSURE COMMERCIAL BUILDING 110 Durban Road, Kariega (Uitenhage), Eastern Cape Extent: ± 1 306 m2 | GLA: ± 300 m2 5 BEDROOM HOME IN MOUNT EDGECOMBE ESTATE 45 Montgomery Drive, Mount Edgecombe Madmom Properties CC (In Liquidation) Master’s Reference No.: N000288/2022 Extent: ± 1 194 m² | 5 Bedrooms | 3 Bathrooms | Double garage | Fitted kitchen | Scullery | Swimming Pool ± 12 000 M² RESIDENTIAL DEVELOPMENT SITE 30-40 Pradeep Road, Nagina, Marianhill Extent: ± 12 615 m² | ± 600 m From Mariannhill Primary School | Ideal for Development of Medium Cost Housing | Zoned: General Residential SECURE OFFICES ALONG LA LUCIA RIDGE Unit 23, Corporate Park Building, 11 Sinembe Crescent, La Lucia Extent: ± 117 m² | Nicely fitted out and reconfigurable 5 Parking bays | Back up power (Inverter + 4 Batteries Mag lock on front entrance door | Fully functional alarm keypad, passives and contacts | Office furniture, including reception desk | Own ablutions COMMERCIAL & RETAIL BUILDING 1 Link Road, Gordons Bay, Western Cape Extent: ± 669 m2 | Prime corner position | Fantastic high exposure location | Huge passing trade Currently income generating | Gross Annual Income: ± R300K CONCRETE YARD AND WAREHOUSING 130 & 134 Aberdare Drive, Phoenix Industrial Park Combined Extent: ±10 302 m² | Concrete yard: ± 8 000 m² | 10T Gantry services yard area of ± 2 583 m² | Warehouse with 7.5T gantry of ± 673 m² | Rolling warehouse of ± 409 m² | 150 KVA Generator & compressor included FACTORIES WITHIN MULTI-LEVEL INDUSTRIAL PROPERTY 2 Dinkelman Road, New Germany Site Extent: ± 2 787 m² | GLA: ± 2 000 m² | 300 AMPS Power Supply – Can be increased | Can accommodate 5 tenants easily | Factories with good height SPACIOUS OFFICE BUILDING 131 Pietermaritz Street, Pietermaritzburg Extent: ± 860 m² | 14 Offices | 3 Boardrooms | Reception 2 Kitchens | 4 Bathrooms | Immaculate condition LUKE | 071 351 8138 VIREND | 071 383 1735 VIREND | 071 383 1735 VIREND | 071 383 1735 LUKE | 071 351 8138 LUKE | 071 351 8138 VIREND | 071 383 1735 MUHAMMAD | 079 458 4256 TOM | 083 636 7800 LUKE | 071 351 8138 LUKE | 071 351 8138 BRAD | 073 757 9533 MUHAMMAD | 079 458 4256 MUHAMMAD | 079 458 4256 LUKE | 071 351 8138 LUKE | 071 351 8138 LUKE | 071 351 8138 VIREND | 071 383 1735 ALAN | 082 445 5048 SOLD PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL POWER OF ATTORNEY IN LIQUIDATION PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL PORTFOLIO DISPOSAL
AGENTS’ DIRECTORY
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
DOGON GROUP PROPERTIES
Southern Suburbs, Claremont Office 021 671 0258
southernsuburbs@dogongroup.com www.dogongroup.com
CAPE WINELANDS
Nicho 072 601 1772
Hannes 066 476 1890
sales@aandewijnlanden.co.za
viognier.aandewijnlanden.co.za
SERENITY HILLS ECO ESTATE
KZN, South Coast Office 073 142 8292
Email: home@serenityhills.co.za
www.serenityhills.co.za
PETER MASKELL AUCTIONEERS
KZN
Office: 033 397 1190
Email: info@maskell.co.za
www.bidlive.maskell.co.za
BALWIN PROPERTIES
Ballito Office 084 788 1020
Email: michelle@balwin.co.za
www.balwin.co.za
DOGON GROUP PROPERTIES
Western Seaboard
Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com
VAN’S AUCTIONEERS
Gauteng Office 086 111 8267
www.vansauctions.co.za
www.iolproperty.co.za
WIDENHAM RETIREMENT
VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612
www.hibiscusrv.co.za
www.widenhamretirementvillage.co.za
13 3 FEBRUARY 2023
PROPERTY 360
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