Property360 - National Digital Magazine - 4 December 2020 by Independent Media Digital Magazines

PROPERTY

360

PROPERTY OVERVIEW: LOOKING POSITIVE PA G E 3

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The country’s housing market emerged from the lockdown to renewed hope for growth. PICTURE: WOLFGANG RIEBE, PIXABAY

THE ONLY similarities between the property market at the start of 2020 and the end of the year is that buyers had, and still have, the upper hand. All other predictions and expectations were wiped out by the global pandemic which brought the market to a standstill for several months. Some were even turned on their head as South Africans across the spectrum re-evaluated and adjusted their lives to accommodate the new normal. Here are some of the preCovid predictions for the housing market – and their eventual realities: Prediction: The downsizing movement will continue to grow. Reality: Many buyers and tenants are looking for properties with more space to support social distancing. Prediction: More cluster properties will rely on communal and shared services. Reality: People are more aware of sharing spaces due to the ease with which the coronavirus – and future health threats – can be spread. Prediction: Many South Africans, particularly Millennials, will be forced to rent as homeownership is unaffordable. Reality: Many people are opting to purchase their homes thanks to

the opportune buying conditions. Prediction: The market would start turning in favour of sellers in the second half of the year. Reality: The interest rate cuts continue to see buyers in the pound seats. Similarly, though, the pandemic has fast-tracked and boosted some trends that, while already growing, were doing so at a slower pace. These include: MOVING FURTHER AWAY FROM MAIN METROS Many South Africans were looking to relocate further from city centres which were not only unaffordable but were also offering a faster-paced way of life. Since Covid-19, this trend has accelerated. The boom in remote working has made it even easier for people to move to secondtier cities and suburbs away from the hustle and bustle. LIVING A SIMPLER LIFE The “Marie Kondo” style of living, where people were getting rid of unnecessary material possessions in favour of life experiences and travelling, was a growing global movement. Now, thanks to the devastating mental and physical effects of Covid-19, many people have focused on family and quality times. Although international travel is not yet at the top of people’s lists, many are embracing local destinations to make new memories.

A funny old year Agents’ predictions for 2020 were turned on their heads as the effects of the pandemic played havoc with the property sector BY BONNY FOURIE bronwyn.fourie@inl.co.za

Let’s take a look at how the market has unfolded over the past 11 months: JANUARY The year opens with the ongoing buyer’s market. South Africans also look to make decisions on relocation and semigration. A total of 14 302 properties were sold, with an average purchase price of R1.34 million. Lightstone’s national house price inflation is 1.72%. FEBRUARY Aspiring homeowners still prepare to take advantage of the buyer’s market. Load shedding happens again and many people look abroad for property investment and emigration. Meanwhile, the #ImStaying movement reinvigorates confidence in the country. A total of 21 096 properties were sold with an average purchase price of R1.19m. National house price inflation is 1.85%. MARCH South Africa enters a national lockdown on March 27. The Deeds Office closes and the property market is mostly shut down. A total of 26 546 properties were sold with an average purchase price of R1.21m.

APRIL Movement between properties is not permitted, leaving many landlords and tenants in the lurch. Landlords face non-payment of rents due to struggling tenants. Estate agents start reworking their marketing strategies to allow buyers to view properties online. A total of three properties were sold with an average purchase price of R1.68m. House price inflation is 2.4%. MAY The only housing transactions being finalised are those started before lockdown. Once-off movement between properties is allowed. A spotlight is shone on the living conditions of many poor and vulnerable South Africans. A total of 4 776 properties were sold with an average purchase price of R1.22m. The repo rate drops from 4.25% to 3.75%. House price inflation is 2.37%. JUNE The Deeds Office reopens although, in many areas, is hampered by closures due to Covid infections. Buyers remain cautious about viewings and investing in the

economy. Many are also reeling from job losses and salary cuts. The end of payment holidays looms. A total of 12 019 properties were sold with an average purchase price of R1.14m. House price inflation is 2.42% JULY Agents are under pressure following the market shutdown and continue to offer virtual property viewings. Pent-up demand for property is seen in the buying numbers. Holiday homeowners start shifting their properties to the longterm let market. A total of 19 507 properties were sold with an average purchase price of R1.29m. The repo rate is dropped to 3.75% from 3.5%. House price inflation is 2.3% AUGUST The construction industry is clawing out of the lockdown and making up for project delays. The residential property market kicks into higher gear as more people look to buy. A total of 24 390 properties were sold with an average purchase price of R1.27m.

House price inflation is 2.15%. SEPTEMBER Low interest rates encourage tenants to get on to the property ladder. The rental market is under increasing pressure as many tenants purchase their homes, leaving rising vacancies. A total of 29 030 properties were sold with an average purchase price of R1.28m. House price inflation is 2.08%. OCTOBER New property developments, particularly retirement accommodation, continue to be launched. Homes with semi-detached flatlets for multi-generational living are in demand. A total of 22 767 properties were sold with an average purchase price of R1.31m. House price inflation is 2.08%. NOVEMBER Smaller towns and cities experience property booms. Properties – for sale and to let – in such areas are often better priced, and offer more space. Buyers take advantage of favourable market conditions. The repo rate is steady at 3.5%.

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Letter from the editor IF YOU’RE reading this letter, it means you have made it here despite what was probably one of the most tumultuous years, not just globally and economically but also

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What a surprise 2020 turned out to be

not the same people who began

While Covid-19 has had a devastating effect on many sectors of the economy, the residential property industry has seen something of a boom

the year almost 12 months ago.

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

in our individual lives. There is no doubt that we are

We have learnt about overcoming fear, about our inner resilience and about how strong we truly are. The property market itself has been on a rollercoaster ride that saw a mere three properties sold nationally in one of the months of lockdown. We witnessed estate agent bosses work through the night, trying to lobby government to open their industry and we saw a feisty woman – Vuyiswa Mutshekwane – take the helm of the National Property Professionals Council, newly formed during hard lockdown. The fight to open up the industry was tireless and when it did open, some of the best months for sales were recorded, proving that property remains one of the most resilient assets. We have seen more first-time home buyers enter the market, blessed by lower interest rates,

Thousands of longtime tenants became homeowners this year.

and we have seen some interesting trends... with many venturing further away from the cities. It is that time when many will look back over the year, trying to make sense of it all. Some of us will be facing a more reserved festive season, with slashed salaries and job losses. And yet, the spirit of this season is of giving and it is so heartening to see estate agencies, companies and individuals link up with NGOs to provide meals, shelter, clothing and love to those most hard hit by the pandemic. For every dark cloud we have faced, we have been given the opportunity to rise above and see the light again. You have all inspired me this year with your kindness, strength and resilience. I have great admiration for you and your families, especially the estate agent bosses, who went over and above to keep things ticking in hard times. My team and I would like to thank all of you for your support this year. We wish you a safe, blessed and happy year end and a joyous start to the new year.

“S

URPRISING”, “eye-opening”, and “unexpected” are just some of the words being used to describe this year in the property market. The national lockdown and resultant closure of the Deeds Office saw the industry come to an almost complete standstill and many people felt it would not recover from the blow. But six months after reopening, and with the aid of interest rate cuts, the market has staged a comeback and offers buyers some of the best buying conditions ever. The pandemic has had a profound impact on global economic activity, says FNB senior economist Siphamandla Mkhwanazi, with many economies experiencing sharp recessions, unemployment spikes and stagnated incomes. Yet housing markets in major economies remained “relatively unimpacted”. “Buying activity remains robust and prices continue climbing.” He says this decoupling between the real economy and housing market activity is, in most places, facilitated by the sizeable stimulus packages (fiscal and monetary) designed to fend off wider economic calamity. “Ultra-low interest rates have made monthly mortgage payments more affordable and houses more attractive to buy, thus stoking demand. Mortgage repayment holidays, on the other hand, saved jobless workers from having to sell their homes, preventing a major supply glut. “Naturally, these factors are price supportive. South Africa’s experience has not been dissimilar, at least directionally.” Here, Mkhwanazi says industry-wide data shows “burgeoning home-buying activity,

propped up by low interest rates, attractive market pricing, lower transfer duties and the changing housing needs due to the pandemic”. Residential sales have “certainly surprised”, agrees Herschel Jawitz, chief executive of Jawitz Properties. Although the rapid drop in interest rates during levels 5 and 4 of lockdown were expected to have some impact on demand, the sharp increase in activity and demand from buyers was surprisingly positive. “What was expected was muted demand from buyers coming out of a very difficult lockdown from a health, finance and confidence point of view. Instead, the drop in rates of nearly 3% created real buying opportunities especially in the lower to mid-sectors of the market and, specifically, for first-time buyers. Added to this has been the strong bank lending environment, despite the economy.” While the increase in activity has been good, however, Jawitz says it will still be some time before it translates into meaningful price growth which, for the most part, is still not keeping up with inflation. “I think this year has been an eye-opener for all of us in property,” says Tony Clarke, managing director of the Rawson Property Group. “We were very hard hit with lockdown restrictions – particularly as a largely commission-based industry. Thankfully, being able to leverage technology to engage with buyers, sellers, landlords and tenants safely and effectively, from a distance, has been instrumental to the success of real estate transactions across the board over the past few months.” While the country’s national debt

situation “laid out in black and white” was definitely difficult to hear this year, he says the emphasis was on economic revival and, in order to stimulate the economy, the government needs to stimulate spending. One of the main ways to achieve this is to cut interest rates. “We saw interest rates drop by an entire 2.75% this year, which also gave homeowners much-needed relief on monthly bond repayments, as well as incentivised new buyers to enter the property market. This resulting boost to activity will help stabilise property prices and contribute to a return to healthy price growth in time,” Clarke says. The Covid-19 pandemic caused extreme volatility in world stock markets this year, especially in the travel, tourism, finance and commercial property sectors, but this has been positive for the residential property market, says Berry Everitt, chief executive of the Chas Everitt International property group. “Many affluent investors made an early move from equities to luxury bricksand-mortar which, along with gold and other hard assets, is regarded as a safe haven in turbulent times and offers many opportunities for tax relief. “At the same time, and especially in South Africa, consumers have reacted positively to the steep rate cuts introduced to try to stimulate the economy – or at least keep the wheels turning – in the face of the pandemic.” The banks have also been “very keen” to grant new home loans and literally thousands of long-time tenants have taken the opportunity to become first-time homeowners. This means many real estate companies have, since June, had some of their best sales months in many years.

Warmest regards, until 2021 Stay safe Vivian Warby vivian.warby@inl.co.za

AFRICAN NEWS AGENCY

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

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Second-tier cities and coastal towns will continue to attract buyers looking to relocate. PICTURE: ALBRECHT FIETZ

New year will hold the key to industry revival Experts hope 2021 will be a period of change for the property sector after the challenges of lockdown. All signs point to a steady market recovery, with improved affordability for those who are buying, but the rental market is expected to remain flat with supply outstripping demand

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

EXT year is hoped to be a “year of change” for the country’s property market as it continues to recover from the lockdown. The short-term impact on the residential sector has been “very hard”, says Jawitz Properties’ Herschel Jawitz and while it will “take some time” for the industry to fully recuperate, 2021 will hold the key. “I believe it will prove to be a year of change in how we do business and what we spend our money on, in terms of the move away from ‘bricks and mortar’ offices, and how we engage with our people – both internally and our clients. For the companies that emerge from 2020 better and stronger, it will not be business as usual,” says Jawitz. Although interest rates are expected to remain low well into 2021, there is still much uncertainty with regard to COVID and how quickly South Africa will be able to access a vaccine, as well as the lagging impact of the lockdown on the economy. Therefore, while buyer activity and demand will remain firm into 2021, giving rise to a more balanced market between sellers and buyers, property prices are expected to “remain flat”. “The rental market will remain subdued with supply outstripping demand by some margin.” Rental demand and prices are falling while vacancies across most price sectors are rising.

“With interest rates at current levels, those tenants who can afford to buy are buying and those who can’t are extremely price sensitive,” says Jawitz. Echoing this, FNB’s Siphamandla Mkhwanazi says home ownership affordability incentivised renters to buy. “In part, this is reflected in rising vacancy rates and subdued rental escalations, as landlords struggle to hold on to their good tenants... So in a way, the impact of the pandemic is more visible on the rental market then on the home buying market.” For those who are buying, he says improved affordability and changing housing requirements are supporting demand for property in second-tier cities and in coastal towns such as George in the Western Cape and Durban in KZN. In addition, young buyers are also now able to afford to buy property in affluent suburbs that were previously out of reach, for example, Sandton. However, labour market pressures pose a “significant downside risk in the coming quarters”. “For instance, if job losses spread to more white-collar occupations, we should expect downward pressure on home buying activity and by extension continued pressure on house price growth in 2021.” Money will also likely still be

tight for the average South African as unemployment tops 30% and businesses rein in spending, says Rawson’s Tony Clarke. Homeowners will need to budget carefully to ensure they can continue to meet their monthly bond repayments and keep up with essential maintenance and upgrades to protect the long-term value of their properties. Nonetheless, all signs point towards a continued steady market recovery. “The current surge in market activity is due to the combination of record-breaking low interest rates, excellent value for money on offer, and very motivated lenders offering up to 100% bonds to qualified buyers. We don’t foresee those conditions changing for several months at least,” says Clarke. As market momentum continues, Clarke believes that property prices will begin to climb and hopes for improvements in the economic growth rate to boost income, affordability and consumer confidence. “All of this will contribute to the already high demand for properties, particularly within the low- to middle-price ranges, and help support stronger price growth in the months to come.” Berry Everitt of Chas Everitt International, however, expects market momentum to slow during

2021, even though inflation is likely to remain depressed by low international oil prices and cautious consumer spending and borrowing. Thus, the Reserve Bank is “unlikely to start raising interest rates until 2022”. “The big problem is South Africa’s very high unemployment rate and the unusually high number of middle- to upperincome consumers who are usually better insulated against economic shocks but currently struggling to make ends meet as a result of pandemic-related retrenchments and company closures.” Banks are, of course, aware of this and so are already tightening their home loan credit criteria in response. “So even though we expect demand to remain strong, especially at the lower end of the market, we also foresee that bond approval rates will decline and that less of this demand will translate into actual sales next year.” Everitt adds that the number of distressed sellers can be expected to rise and bring more inventory to the market. “Landlords who have struggled with non-paying tenants in 2020 could also start to offload some of their rental properties and for those who are in a financial position to do so, this situation could present some very attractive buying opportunities.”

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0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com 0861 444 769 info@in2assets.com info@in2assets.com info@in2assets.com info@in2assets.com info@in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com www.in2assets.com info@in2assets.com info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.co www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.c www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS info@in2assets.c www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www.in2assets.com THE LEADING PROPERTY SPECIALISTS CONTACT www.in2assets.com CONTACT THE LEADING PROPERTY SPECIALISTS www in2assets CONTACT THE LEADING PROPERTY SPECIALISTS co www in2assets CONTACT THE LEADING PROPERTY SPECIALISTS co www in2assets CONTACT THE LEADING PROPERTY SPECIALISTS co ii 22 t com CONTACT THE LEADING PROPERTY SPECIALISTS

YOUR YOUR PROPERTY? YOURPROPERTY? PROPERTY?

DURBAN COMBINED AUCTION 09 DECEMBERYOUR 2020

DEFAULT SALE

AUCT-001281

Luke | 071 351 8138

AUCT-001393

Virend | 071 383 1735

AUCT-001398

Luke | 071 351 8138

Virend | 071 383 1735

AUCT-001384

Tom | 083 636 7800

25 x Industrial Mini Factories in Hillcrest Sections 2-12, 18, 19, 21-26, 30-32 & 34-36 Fischer Park, Blessing Ninela (Fischer) Road, Hillcrest Combined Extent: ± 9 629 m² | Gross Annual Income: ± R3.9 Million | Mini-factories range from ± 275 m² to ± 800 m² | Sold individually or as a combined lot

High Trade Retail Property with Multiple Blue-Chip Tenants 112-114 King Shaka (Couper) Street, Stanger Extent: ± 2 043 m² | High trade zone | A number of blue-chip tenants | High exposure onto Couper Street | Good income on the property | Gross Annual Income: ± R4.7 Million (Including recoveries) | Massive upside on rental

IN LIQUIDATION

AUCT-001383

Virend | 071 383 1735

AUCT-001392

Upmarket Retail and Office Units in Gateway, Umhlanga Rocks Sections 1, 2 & 205 African Palms, 6 Palm Boulevard, Umhlanga J S Maharaj Property Investments CC (In Liquidation) Masters Ref: D110/2020 Unit 1: ± 65 m² - Ground floor retail | Unit 2: ± 124 m² - Ground floor retail | Unit 205: ± 158 m² - Second floor offices | Vacant occupation | Ground floor units facing Gateway Boulevard | Designated secure parking bays

Irrigation and Grazing Farm 46km on the R69 from Vryheid to Louwsburg, KwaZulu-Natal Total Extent: ± 518.6944 Ha | Situated on both sides of the R69 between Vryheid and Louwsburg | Improvements include dwellings, sheds, & irrigation infrastructure | 6 Adjoining portions | Land Uses: Irrigated arable: ± 110 Ha (Center pivots) | Potential Irrigable: ± 90 Ha | Arable land: ± 80 Ha | Grazing Veld: ± 228 Ha | Pecan Nut Orchid: ± 10 Ha

DECEASED ESTATE

Virend | 071 383 1735

ROAD NORTHWAY

URGENT SALE

AUCT-001382

Muhammad | 079 458 4256 AUCT-001378

NORTHWAY CENTRE

Luke | 071 351 8138

AUCT-001387

Luke | 071 351 8138

AUCT-001388

Prime Positioned Home with Abundant Accommodation 24 Kenneth Kaunda (Northway) Road, Durban North Extent: ± 1 414 m² | Well situated in Durban North oﬀ Kenneth Kaunda Drive | Newly built outbuilding with 8 apartments | Staﬀ quarters | Swimming pool | 1.5kms from Varsity College

Luke | 071 351 8138

INSOLVENT ESTATE

RIVE RL D PEA

N CHICKEN LICKE

AUCT-001386

Muhammad | 079 458 4256 AUCT-001385

Luke | 071 351 8138

UM HL AN GA RO CK SD RIV E

AUCT-001379

39 TIMAVO DRIVE

AUCT-001396

Virend | 071 383 1735

AUCT-001397

Muhammad | 079 458 4256

Muhammad | 079 458 4256 AUCT-001391

Luke | 071 351 8138

AUCT-001358

Luke | 071 351 8138

Mansion Situated in an Exclusive Umhlanga Node 11 Pearl Drive, Herrwood Park Umhlanga Extent: ± 1 401 m² | Situated in the Exclusive Herwood Park | High end ﬁnishes | Large swimming pool | Double storey property on a large stand | Exquisite views of Umhlanga and the Indian Ocean

6 Bedroom House on Upmarket Street of La Lucia 39 Timavo Drive, La Lucia Insolvent Estate: L Roome | Master’s Ref No.: D12/2012 & Insolvent Estate: C B Vermeulen | Master’s Ref No.: D142/2017 Site extent: ± 1 394 m² | GBA: ± 480 m² | 6 Bedrooms | 4 Bathrooms | Lounge, dining room & kitchen | Double garage | Pool, Koi Pond, Braai area, large garden Viewing: Sunday 06 December 2020 from 13h00 to 15h00

BUSINESS RESCUE

AUCT-001394

CRA SSU LA

PAP ILIO CLO SE CRI SPA ROA D

ROA D

CORNUBIA INDUSTRIAL PARK

High Quality Oﬃces Section 5 The Summit, 2 Derby Place, Westville Extent: ± 611 m² | Unit 5 | Good quality commercial oﬃce | Good investment and end user opportunity

BUSINESS RESCUE

GE BRID GATE TOLL

JAN S MUTS HIGHW AY

AUCT-001371

Virend | 071 383 1735

Development Land in Cornubia Industrial & Business Estate 31 Papilio Close, Cornubia Site extent: ± 5 400 m² | Frontage to Crassula Road and Crispa Road | Prime location close to King Shaka International Airport | Architectural designs drawn up for a warehouse of ± 2 800 m²

AUCT-001380

AAA Oﬃce Block 7 Bush Shrike Close, Victoria Country Club Estate, Pietermaritzburg GLA ± 1 828 m² | Leases in place | Stunning views | Investment opportunity

Muhammad | 079 458 4256

Prime Retail Opportunity Section 14 Maywest Centre, 57 King Cetshwayo (Jan Smuts) Highway, Durban Total Extent: ± 495 m² | Mezanine oﬃces & storage | 3 Phase power supply | Easy access from the N3 | Vacant occupation

M13 AUCT-001399

Muhammad | 079 458 4256 AUCT-001365

4 Bedroom Home 6 Spantou Street, Roodekrans, Johannesburg Extent: ± 1 000 m² | 4 Bedrooms | 3 Bathrooms | Double garage | Swimming pool

Muhammad | 079 458 4256

High Exposure Development Site 1, 2 & 3 Khaled Road (Oﬀ Cliﬀdale Road), Assagay Total Extent: ± 27 367 m² | Zoning: Business Park | High exposure and easy access to N3 and M13 | Ideally situated for high brand exposure and advertising

Auction Date and Time: 09 December 2020 | 11h00 | Auction Venue: The Durban Country Club, Isaiah Ntshangase Road | Terms: R50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. FICA Documents are required | Auctioneer: Andrew Miller 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.

D E C E M B E R

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PROPERTY HIGHLIGHTS

0861 444 769 info@in2assets.com www.in2assets.com

DEFAULT SALE

AUCT-001281

AUCT-001398

Luke | 071 351 8138

25 x Industrial Mini Factories in Hillcrest Sections 2-12, 18, 19, 21-26, 30-32 & 34-36 Fischer Park, Blessing Ninela (Fischer) Road, Hillcrest Combined Extent: ± 9 629 m² | Mini-factories range from ± 275 m² to ± 800 m² | Gross Annual Income: ± R3.9 Million | Sold individually or as a combined lot

AUCT-001393

Virend | 071 383 1735

Mansion Situated in an Exclusive Umhlanga Node 11 Pearl Drive, Herrwood Park, Umhlanga Extent: ± 1 401 m² | Situated in the Exclusive Herwood Park | High end ﬁnishes | Large swimming pool | Double storey property on a large stand | Exquisite views of Umhlanga and the Indian Ocean

Luke | 071 351 8138 AUCT-001387

Luke | 071 351 8138

IN LIQUIDATION

AUCT-001392

Upmarket Retail and Office Units in Gateway Sections 1, 2 & 205 African Palms, 6 Palm Boulevard, Umhlanga J S Maharaj Property Investments C (In Liquidation) Masters Ref: D110/2020 Unit 1: ± 65 m² - Ground floor | Unit 2: ± 124 m² - Ground floor | Unit 205: ± 158 m² - 2nd Floor

Virend | 071 383 1735

WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT YOURS WANT WANT YOURS WANT YOURS WANT YOURS WANTYOURS YOURS

COMMERCIAL | INDUSTRIAL | AGRICULTURAL

GONE ? GONE ? GONE ? GONE ? GONE ? GONE ? GONE ? GONE ? GONE GONE ?? CONTACT US TODAY! CONTACT US TODAY! CONTACT US TODAY! CONTACT US TODAY! CONTACT US TODAY! CONTACT US TODAY! CONTACT US TODAY! CONTACT US TODAY! CONTACT US CONTACT US TODAY! CONTACT US TODAY! CONTACT US TODAY! CONTACT USTODAY! TODAY!

From highly successful public auctions, In2assets is at the forefront of revolutionizing the South African Real Estate market by empowering buyers and sellers to search and list properties for auction online. DURBAN

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NEXT AUCTION: 2021

DURBAN COMBINED AUCTION

10 FEBRUARY 2021 Contact us today to list your property

VISIT OUR WEBSITE: WWW.IN2ASSETS.COM FOR A DETAILED LISTING OF ALL UPCOMING AUCTIONS OR GO TO: AUCTIONS.IN2ASSETS.CO.ZA TO REGISTER TO BID ONLINE

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.

D E C E M B E R

2 0 2 0

UNIT IN ROYAL PALMS ESTATE NEAR BALLITO, KZN NORTH COAST!! 50% SHARE ONLINE INSOLVENCY AUCTION Insolvent Estate: PD & J De Wet, Master’s ref: T230/17

ONLINE BIDDING OPENS: 12:00 ON WEDNESDAY 27 JANUARY 2021 ONLINE BIDDING CLOSES: 12:00 ON THURSDAY 28 JANUARY 2021 BID AND REGISTER: www.vansauctions.co.za AUCTION OF: 50% SHARE OF UNIT 30, PALM LAKES FLYCATCHER, ROYAL PALMS ESTATES, DOL PHIN COAST, KZN - GPS: 29°25'42.86"S 31°15'25.53"E WEB20/0256

View

BIDDERS TO REGISTER ONLINE, REGISTRATION FEE OF R50,000 PAYABLE VIA EFT ONLY, FICA DOCS REQUIRED TO BE ABLE TO REGISTER.

Measuring: ± 80 m². Improvements: (1st floor) 2 bedrooms, bathroom, open plan living area, kitchen, patio and parking area. Currently leased by tenant. Sectional Title Unit in upmarket Royal Palms Estate, on the Dolphin Coast, Kwazulu Natal.

R50,000 registration fee, 15% deposit plus commission: Bidders to register & supply proof of identity and residence. Regulations to Consumer Protection Act: www.vansauctions.co.za Rules of Auction to be viewed at 36 Gemsbok Street, Koedoespoort Industrial, Pretoria. Tel 086 111 8267 | Auctioneer: Anton Shand

D E C E M B E R

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