Property360 - National Digital Magazine - 4 November 2022

PROPERTY

360

Tighten your grip on your home as interest rates set to rise again PAGE 3

0 4

N O V E M B E R

2 0 2 2

1

2

0 4

N O V E M B E R

2 0 2 2

HOMEOWNERS should always know their property’s value and the factors that influence that value.

PICTURE: TOM RUMBLE

Be wary: These things may be driving down your property’s value Knowing how much your home is worth is not only useful before selling but also during your time of home ownership

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

I

F YOU KNOW the value of your property, and understand the factors that affect that value, then you will know how to safeguard against negative influences that will cause your home to depreciate, says the regional director and chief executive of Re/Max of Southern Africa, Adrian Goslett.

To help homeowners protect the resale value of their homes, he says, three key factors needed to considered – location, external market conditions and the condition of the home.

Echoing this, Erwin Rode, of Rode & Associates, says that for residential property, the most important drivers of value are location, floor-area size, quality or age of the building, finishes and condition of the building.

1. Location The location of a property is the biggest determining factor of a home’s value. Each suburb has its own maximum and minimum values based on previous sales that will largely dictate the price parameters for future sales. But the

parameters can change if demand for the area changes, Goslett says.

“The more desirable the location and the higher the demand for the area, the more expensive the homes in that area will become.

“The most desirable suburbs are typically located in the most convenient, trendy, beautiful, and/ or secure parts of a country. Keep an eye out to see if anything in your suburb changes to make it more desirable.”

An example of a positive influence could be the opening of a trendy restaurant, while abandoned homes in the area could be a negative. Other negative factors, says Rode, include noise – such as being on a busy road or under the flight path of an airport.

“Location would also include crime and proximity to work opportunities. In low-cost areas, one presumes proximity to reliable public transport is also a factor.”

In addition, says David Jacobs, the Gauteng regional sales manager for the Rawson Property Group, the neighbourhood makes a “huge difference” to the value and growth

prospects of a property investment.

Proximity to schools, amenities, public transport routes, hospitals, and police stations are also taken into consideration.

“This is usually incorporated when an agent does a comparative market analysis.”

2. External market conditions Property values are based on the rules of demand versus supply and will constantly change in response to external market factors, Goslett says. If demand is greater than supply in a given market, property prices will increase.

However, if there are more properties on the market than there are buyers, property prices will drop.

“When things like interest rates, inflation and unemployment are on the rise across the country, demand usually drops along with property prices. Similarly, during periods of economic flourishing, demand usually rises along with property prices. While it is virtually impossible to time the market accurately, keeping abreast of the external market conditions can help you decide whether now is a good time to sell.”

3. Appearance and condition of the home The features and condition of the home will also determine the its value, he says. This includes things

such as the state of the roof, the number of bathrooms and the size of the property. As simple as it sounds, he says, the visual state of the property will also influence the value of the home, as it can make the property more or less desirable to potential buyers.

“Homeowners should keep on top of all home maintenance issues and keep the home modern and appealing to ensure that the resale value is not affected.”

When a property owner is ready to sell, Goslett says, hiring the right professional and following their advice should be the priority.

“Many might not realise that there is a difference between an official valuation certificate and a real estate agent’s market assessment value of a property. :The difference is that a property valuation can, technically, be conducted only by licensed appraisers.

“Some, but not all, real estate agents are licensed to provide an official valuation. But all licensed real estate professionals will have the requisite expertise and access to information to provide a fair market assessment of the home’s value.”

Other things that can drive down a property’s value, he says, include the quality of the property’s infrastructure – if it is old and unmaintained and needs a lot of work, or is situated in a

notorious neighbourhood, an inconvenient location, a remote or crime-filled area or on a busy road with constant traffic noise.

“One thing modern buyers are unwilling to compromise on is security. If there is no basic security or the security system is not updated, then that can also contribute to lessening the property value.”

The factors that contribute the most to a property’s value though, says Kgomotso Sebakwane, the head of property analytics at FNB, is the amount of living space available.

“Different people value different things. However, having the option of having an extra bedroom will always add more value. Beyond just the purely functional aspects of a home, the quality of finishes adds extra appeal to a property.”

Any major structural or cosmetic defects, however, detract from the value of a property.

“Whether it’s a crack in the wall, rising damp or peeling paint, the potential home buyer lands up staring at a potential problem that they need to fix.

“Whatever the quoted cost of repair, the potential buyer will always subtract more from the value of a property, based on the uncertainty of even more repairs.

People tend to double discount when they see anything wrong.”

0 4

N O V E M B E R

2 0 2 2

3

INTEREST rates are expected to increase by 0.5%. PICTURE: STEVE BUISSINNE/PIXABAY

Hold on tight to your home, interest rates are going up again And theyr’e expected to continue rising until March 2023 , leading experts to urge people to plan ahead in order to soften the blow

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

E

CONOMISTS and property experts believe the interest rate will be hiked again this month, putting homeowners and buyers under increasing financial pressure.

FNB anticipates a 0.5% hike by the South African Reserve Bank (SARB) at the November meeting, which will bring the repo rate to 6.75% and the prime lending rate to 10.25%, says the bank’s senior economist Koketso Mano.

However, he says it is important to note a potential upside to this view, given that the Federal Reserve Bank is expected to implement its fourth-consecutive 0.75% hike today.

The broader consensus for the SARB hike in November (0.75%) is more in line with what the Fed is expected to do.

“With the continued tightening of lending standards, affordability will be further eroded and the momentum in household credit growth should slow in the coming months.

For now, credit remains available and uptake has been robust.”

However, FNB’s Q3 2022 Estate Agent survey indicated that buying activity has started to slow and there are strong indications that lower-income households are feeling the pinch of the prevailing cost of living pressures, Mano says.

“Unlike many major economies, South FIND US HERE: @iolproperty @iolproperty @iolproperty.co.za

Africa went into the pandemic with a fragile labour market, which limited the upswing in house prices. This implies that affordability in South Africa, as borrowing costs rise, is likely better than in countries that experienced overheated housing markets post pandemic.

As such, we expect the slowdown in buying activity to continue, but this will likely not translate into house price depreciation.”

Adrian Goslett, the regional director and chief executive of Re/Max of Southern Africa, also predicts that there will be another interest rate hike at the end of the month, although not as severe as previous hikes.

He believes the increase will be 0.25% or 0.5% “because the SARB will most likely still be trying to curb rising inflation”.

If this is the case, affordability will then become a concern for the homeowner.

“It will become more difficult to service loans as interest rates climb, which is why we’ve been encouraging homeowners for a while now to reduce their debt levels to be able to accommodate for this.”

Although not able to predict the exact hike, Paul Stevens, the chief executive of Just Property agrees that the interest rate will increase this month, and advises those with mortgage bonds to look beyond this to market predictions of a 6.50% repo rate by the end of 2024. This will put the interest rate at 10%.

“It is better to plan well ahead than to wait until interest rate hikes become unmanageable and to try to solve the problem when it’s too late.”

Mortgage holders should calculate what their repayments will be in various scenarios – with increased interest rates – and consider the obligations in the context of their other financial commitments, he says. Knowing if there is a potential breaking point in affordability allows one to take action proactively.

“There is plenty of commentary in the media regarding interest rate increases and I would like to encourage mortgage holders to pay attention to how these impact them immediately and over the next two years at least.

“There are plenty of options to consider if affordability is a potential issue, and talking about your concerns with your mortgage lender is advisable. They don’t want bad debt any more than you do, so work with them to protect your property and their loan.”

Stevens also urges homeowners to consider ways to use their property to raise extra income, for example, letting a portion of it – a granny flat, a spare room, a garage or even a parking bay.

“Inter-generational living and other forms of co-habitation can allow you to share costs.

Just be sure to check by-laws as they may impact your decisions.”

Cobus Odendaal, the chief executive of Lew Geffen Sotheby’s International Realty in Johannesburg and Randburg, says the rate increase could be by as much as 0.75%, but thinks it is more likely to be 0.5% as “the reserve bank is trying to be ‘softer’ on the consumer in their efforts to curb inflation”.

“And, as Reserve Bank governor Lesetja Kganyago recently said, they believe that not curbing inflation will be more harmful than hiking the interest rate in the long term, so I think we can expect an increase.”

He too believes that the hike could be tough for the market to cope with.

“With the goal being for inflation to be stabilised by Q4 in 2024 at 4.5%, I think we are in for the long haul which is a bit concerning, especially as higher interest rates mostly impact the sector that has been most active and has been underpinning the market – property in the R1 million to R2.4m band.

“On a 0.5% hike, it adds around R400 extra per month on a R1m bond which makes a big difference to the disposable income of these owners/buyers.”

In the middle market of around R3m to R6m, Odendaal says the main issue will be investor confidence as many are beginning to wonder when, and where, the constant increases will end – and few people think we’ve reached the turning point.

“And, as this is the demographic that is bearing the brunt of the economic turmoil.”

While the hikes are concerning, Carl Coetzee, the chief executive of BetterBond, says it is important to keep an eye on the global picture and recognise that recent repo rate increases are in fact a sign that the South African Reserve Bank (SARB) is acting prudently and responding timeously to the inflationary pressures being felt worldwide.

Given that inflation will probably remain high for the next few months, he says South Africans can expect at least two more repo rate hikes before it stabilises in March 2023.

However, it is too soon to say whether we should expect increases of 0.5% or more as we near the peak of the repo rate cycle.

As many homeowners will be paying more on their bonds, Odendaal expects to see lower transaction volumes and a softening of house prices. However, this will be segmented across the market, with the lower end relying heavily on housing finance.

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

0 4

N O V E M B E R

2 0 2 2

PICTURE: THGUSSTAVO SANTANA/PEXELS

4

National Listings T O A D V E RT I S E I N K WA Z U L U - N ATA L Sherine Budhram

084 460 7295

sherine.budhram@inl.co.za

TO ADVERTISE IN WESTERN CAPE Abigail Wilmot

083 212 1141

abigail.wilmot@inl.co.za

TO ADVERTISE IN GAUTENG Antoinette Gilbert 083 793 5382

antoinette.gilbert@inl.co.za

0 4

N O V E M B E R

2 0 2 2

5

6

0 4

N O V E M B E R

2 0 2 2

B A N T RY B AY - R 21.5 M I L L I O N E XC I T I N G N E W R E L E A S E

EXCLUSIVE

Web Ref: RL12396

BEST BUY I N BANTRY BAY

Situated in an A-list location at the end of Ravine Road, a quiet cul-de-sac close to the ocean, a stone’s throw from Ellerman House. Perched in a glorious location on the slopes of the Bantry Bay Peninsula, this elegant home enjoys the finest micro-climate with absolute tranquility & privacy. 7 Year old home, well built & in pristine condition. Spread over 3 levels, this home is understated, quaint, charming, elegant, unique & immaculate. Come live in this gorgeous villa, you cannot but love it

ADRIEN EPSTEIN 083 455 5661 HEAD OFFICE 021 433 2580

C O N STA N T I A N E K E STAT E - R 13.95 M I L L I O N E XC I T I N G N E W R E L E A S E

Web Ref: RL12400

STUNNI NG HOME I N S ECUR E CONSTANTI A NEK E STAT E

Exquisite family home in secure Constantia Nek Estate featuring generous living proportions and magnificent views of the surrounding Hout Bay mountains and valley. The home features 4 bedrooms including a beautiful master bedroom suite with large dressing room, space for reading/office and beautiful bathroom with “His” and “Her” sinks and free standing bath. The French doors opening up to the garden allow for a lovely connection to the outdoors and views

SIMONNE WAKEFIELD 082 392 2669 MEGAN MCLACHLAN 071 266 6655 SOUTHERN SUBURBS 021 671 0258

d o g o n g r o u p . c o m A visionary company with decades of experience

0 4

S E A P OINT - R 16 .5 MIL L IO N

N O V E M B E R

2 0 2 2

7

C L ARE MO N T UP P E R - R 3.195 MI LLI ON

(VAT INCL. - NO TRANSFER DUTY)

NEW RELEASE

NEW RELEASE

Web Ref: RL12401

Web Ref: RL12408

SPE C TACUL AR UN OBSTR UC TED S EA VI EWS FOR LI FE

CHARMING & CONVENIENT

Set on the Golden Mile of the Atlantic Seaboard beachfront, this apartment is truly impeccable and boasts unobstructed sea views from the generous open-plan living area leading out onto a spacious sea facing terrace. A perfect flow for entertaining or simply enjoying the best that views and luxury, life has to offer

Pied-à-terre or permanent abode. 2 Beds & a bath upstairs, a bed & bath downstairs with a study. Communal laundry, lock-up garage & parking bay

LEAH SLEIGH 082 608 3388 LESLEY RENSBURG 061 439 8225

SHELLEY ROHLAND 082 363 6383

WY NBERG U P P E R - R 3.75 M I L L I O N

R O N DEB O SC H V I L L AG E - R 2 . 075 MIL L IO N

NEW RELEASE

NEW RELEASE

Web Ref: RL12399

S E A P O IN T - R 1.35 MI LLI O N NEW RELEASE

Web Ref: RL12398

A HERITAGE CHARMER

Nestled in the heart of Chelsea Village the most adorable thatch cottage that has that “Wow” factor. 3 Bedrooms, 2 bathrooms and good security. - A MUST VIEW -

LANA HOLT 071 035 9458

Web Ref: RL12405

GARDEN UNIT IN PE T FRIENDLY BLOCK

This ground-floor unit has no shared walls with its neighbours and has its own private established garden - it feels more like a townhouse than an apartment

MATTHEW 083 645 4583

CIT Y CENT R E - R 5.25 M I L L I O N

PERFECT STUDIO IN AN ART DECO BUILDING

The apartment offers natural light, has an open-plan kitchen and beautiful laminate flooring throughout. Walk to The Promenade and close to most amenities

NADIA 061 256 0020

ALISON ROBB 082 956 9506

GREEN POINT - R5.75 M (VAT INCL. - NO TRANSFER DUTY)

NEW RELEASE

NEW RELEASE

Web Ref: RL12397

GREEN POINT - R5.35 M (VAT INCL. - NO TRANSFER DUTY) NEW RELEASE

Web Ref: RL12394

ULTIMATE CIT Y LIVING

This gorgeous 2 bedroom (m.e.s) and 1 separate bathroom apartment comes fully furnished and equipped. It includes 2 parking bays, secure space storage

LESLEY 061 439 8225

Web Ref: RL12393

COSMOPOLITAN HABITAT

NESTLED WITHIN A FABULOUS LOCATION

Phenomenal 2 bed, 2 bath with open floor plan, large windows allowing an abundance of natural light. Excellent security, 2 p/bays plus short term lets allowed

This unit has been designed to a high standard throughout and offers an open floor plan, large windows and elegant kitchen plus so much more

SERRYN PRYTZ 082 770 7680

SERRYN PRYTZ 082 770 7680

LEAH 082 608 3388

CH O I C E S E LE C T I O N O F C A P E T O W N ’S D EVELOP MENTS AP P L E GA R T H

BOKKEMANSKLOOF - FROM R5.095 MILLION

T HE CHEST ERFI ELD

R O N DEB O SC H - F R O M R 2 .9 95 MIL L ION

CHAPE L TO WE R S

ZONNEBLOEM - FROM R1.65 M (VAT INCL. - NO TRANSFER DUTY)

ON SHOW

Web Ref: ND68

Web Ref: ND1

AWARD-WINNING ESTATE

A secure and sunny estate set within landscaped grounds, including magnificent established trees and indigenous gardens. VAT Incl. - No Transfer Duty

LEAH 082 608 3388

LESLEY 061 439 8225

Web Ref: ND27

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

LESLEY 061 439 8225

URBAN LIVING AT ITS FINEST ON SHOW SUN 3-5PM - FOLLOW BOARDS FROM HANOVER ST, TURN LEFT INTO RUSSEL ST AT THE ROUNDABOUT, TAKE THE FIRST EXIT ONTO CHAPEL ST, CHAPEL TOWERS WILL BE ON THE LEFT

LEAH 082 608 3388

Rentals 021 433 2580 A visionary company with decades of experience

NEO TSHENGU 082 048 0188

8

0 4

N O V E M B E R

2 0 2 2

RHONDA RAAD PROPERTIES We specialise in the Sales and Rentals of residential property in the Southern Suburbs and Surrounds.

Contact us today for all your Buying, Selling and Rental needs on 082 448 7795 / 021 685 2212.

CONTACT US NOW: 082 448 7795

HEIGHTS R2,1MILLION MILLION RONDEBOSCH WHITEHALL COURT MILLION RONDEBOSCHR1,68 R1, 5MILLION ROSEBANK R1,95 MILLION NEWLANDS RONDEBOSCH R5,3 MILLION RONDEBOSCH R1,15 R5,495 R1,35 MILLION NEG RONDEBOSCH MILLION RONDEBOSCH FROM R895,000 CAVENDISH ON SHOW Sunday 2 – 5 pm Cathay View, 12 Devonshire Hill Road, Rondebosch

ON SHOW SUNDAY 2-5PM

*Woodlands, 5 Highstead Road, Rondebosch.

Small Complex.

Two Spacious SecuritySecurity Complex Ecklenberg in pretty Academic Mile! Security Complex set garden in pretty Bedroomed Apartment with lounge setting.

Spacious Three Bedroomed garden setting. Bachelor Flat withApartment open plan leading to large Fitted Kitchen (200m²)area with Stunning Mountain Views. *Kitchen, living and Balcony. ample cupboards.

Galley & Full Bathroom. *Parking Bay. Dining Room,and SunBathroom Room, Two Bathrooms, Kitchenette withFull Bath, Toilet and Close to Dean Shops, Restaurant TV Lounge & Laundry *Tandem Garage.

Basin. **Walk to Street UCT,Room.

Jammie Shuttle, Baxter and Jammie Stop. *Close toRestaurants, ShopsShuttle & Transport.

Theatre, Shops and Transport.

Small Security Complex above the Main

Charming Two Bedroomed Apartment Pied-à-terre Bachelor Apartment in Small (95m²) Road.

Road.Fitted Large modernised Bachelor with Kitchen open toLovely Dining Room Security Complex with Lift and Views!

Open/ converted to One Bedroomed Apartment Lounge andRoom Balcony with views.

Full Bathroom plan Living with Built-in Cupboards.

Fitted (46m²) with Kitchenette, Built-in Cupboards and Sep **Covered Parking Bay. **Walk Kitchen andToilet.

Bathroom withBathroom.

Shower. *PlusWalk and Balcony. andKingsbury Balcony. Shower to to Hospital, Library, Restaurants, Shower Bathroom.

Walk to Rondebosch Shops, UCT, Jammie Shuttle, Shops & Transport.

Jammie Shuttle, Shops and Transport!

Doctors Rooms, Baxter Theartre and Transport.

Spacious North-Facing Two Spacious Three Bedroomed Apartment SpaciousTwo North-Facing TwoBedroomed Bedroomed Charming Bedroomed Apartment with Fitted Apartment with Lounge and Balcony with (123m²) above the Main Road pretty Apartment with Lounge and Balcony with Kitchen (with built-in Oven, Hob andinExtractor Mountain Views.

Bathroom with Shower Mountain Views. with Shower garden Fittedand Kitchen and Fan) open setting. plan toBathroom Lounge Balcony.

Two over Bath.

Bath.with Fitted Kitchen. *Garage. *Walk Bathroom. *Parking Bay.*Garage.

Walk Bathroom to*Walk UCT, over Fitted Kitchen.

Bedrooms Ample Cupboards. to Shopping Shopping Centres, Restaurants, UCT Jammie Shuttle, Main Road Shops & to Centres, Restaurants, UCT with Shower over Bath, Toilet and Basin. **Plus and Transport.

Transport.

Carport.

Academic Mile - Walk to UCT!. and Transport.

Charming double above storey Townhouse set Security Main Road.

Large Large OneComplex Bedroomed pied-à-terre Apartment in pretty garden.andThree / Four(127m²) Sized with Lounge Balcony &Good Stunning Three Bedroomed Apartment Bedrooms, Twoviews.

Bathrooms, Lounge, Dining Mountain Views.

24HRFitted Security Shareblock with mountain Kitchen and Room, Fitted Kitchen, Guest Toilet,Bathroom.

Patio and Complex.

Fitted Kitchen.

Shower Lounge with Balcony.

Garage. *Close Garden. **Garage and&*Plus Parking Bay. **Plus **Garage. **Catering Cleaning Services. to UCT, Schools, Shops and Transport.

Flatlet. to **Walk to Schools, Shops and & Transport. **Walk Shops, Baxter Theatre Library!

CONTACT: RHONDA C: 448 082 7795 448 7795 0212212 685 2212 E: rrpsales@mweb.co.za / www.rhondaraadproperties.co.za CONTACT: RHONDA C: 082 T: 021T:685 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA

0 4

N O V E M B E R

2 0 2 2

9

10

0 4

N O V E M B E R

2 0 2 2

KLOOF / PADFIELD PARK LIVE THE LIFE YOU'VE IMAGINED

FROM R1 550 000 NO TRANSFER DUTY

JUST LAUNCHED OVER

50% SOLD

NEWLY BUILT 2 & 3 BED SECTIONAL TITLE HOMES KZN's Premier Over 50s Lifestyle Estate With over 50% of the estate now sold out, Greenhaven Estate recently launched 63 new sectional title opportunities in two new development phases. Available in six different size and layout design options, these spacious two and three-bedroom single-level units, feature contemporary country-style architecture, and a selection of modern finishes.

From 24-hour security, natural wetlands, a Care Centre with assisted living facilities, and a clubhouse with a resort swimming pool, bowling green, gym, bar, and restaurant - Greenhaven Estate offers you a secure leisure lifestyle with everything you could ever possibly need right on your doorstep.

LEISURE LIFESTYLE ESTATE FOR OVER 50s

BOOK AN ESTATE TOUR / CALL 079 046 1441 / GREENHAVENESTATE.CO.ZA

0 4

N O V E M B E R

2 0 2 2

11

12

0 4

N O V E M B E R

2 0 2 2

0 4

N O V E M B E R

2 0 2 2

13

21 PROPERTIES ON AUCTION - 17 NOVEMBER 2022

LUKE | 071 351 8138

VIREND | 071 383 1735

LUKE | 071 351 8138

VIREND | 071 383 1735

RETAIL & RESIDENTIAL DEVELOPMENT SITE 272 - 276 Florida Road, Durban Extent: ± 1 032 m² | Bulk: ± 1 545 m² | Zoning: General commercial | Potential for retail, offices & residential | High trade node with huge exposure

INDUSTRIAL WAREHOUSE 12-16 Cordova Close, Briardene Site Extent: ± 8 262 m² | GLA: ± 4 780 m² | Yard Area: ± 2 300 m² | Power Supply: ± 250 AMPS which can be increased to 1000 AMPS | Excellent Height: ± 12m to Apex & ± 9m to Eaves | 6 x Roller Shutter Doors Access Viewing: 08 November 2022 from 13h00 to 15h00

HUGE EXPOSURE INDUSTRIAL, RETAIL, RESIDENTIAL POTENTIAL Portion 129 of the farm Allandale No 10, Corner Old Pretoria Main Road and Johnnic Boulevard, Halfway House, Gauteng Extent: ± 17 595 m² | Close to Freeway & Gallagher Estate | Great potential in established area

RETAIL BUILDING DURBAN 106 Mathews Meyiwa (Stamford Hill) Road, Greyville Site Extent: ± 618 m² | GLA: ± 760 m² | Sold with month to month tenant: monthly rental ± R70K | Clean, well maintained retail/showroom floor with mezzanine level offices | Separate delivery & storage access Viewing: 10 November 2022 from 14h00 to 15h30

PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL

LUKE | 071 351 8138

LUKE | 071 351 8138

LUKE | 071 351 8138

WAREHOUSE WITH HIGH POWER 48 Circuit Road, Westmead Extent:± 2 117 m² | GBA: ± 1 386 m² | Currently tenanted Current Annual Income: ± R883 K | Fantastic visibility | Well located along Circuit Road

MULTI-UNIT INDUSTRIAL & RETAIL PARK 3 Brass Link, Richards Bay Extent:± 8 175 m² | GBA: ± 2 800 m² | Currently fully tenanted | Gross Annual Income: ± R2 Million | Multiple units | Additional bulk available | Fantastic visibility | Well located

INDUSTRIAL PROPERTY WITH PLATFORMED YARD 114 Alumina Allee, Richards Bay Extent: ± 6 159 m² | GBA: ± 3 582 m² | Gross Annual Income: ± R2.4 Million | ± 5 kms from the Port | Previous Bell equipment facility | Good height | Large yard | Well located

DEFAULT SALE

DEFAULT SALE

DEFAULT SALE

VIREND | 071 383 1735

PORTFOLIO DISPOSAL: APARTMENT BLOCK CENTRAL DURBAN 61-63 College Lane (Known as Colinton Court), DBN GBA: ± 1 000 m² | Gross Annual Income: ± R264K | Current Lease until September 2023 | On-going income generating property | Ideal for student accommodation | Can accommodate ± 50 people

VIREND | 071 383 1735

INDUSTRIAL WAREHOUSE IN QUEENSMEAD INDUSTRIAL 6 Martin Drive, Queensmead Industrial Site Extent: ± 1 867 m² | GLA: ± 1 065 m² | Yard Area: ± 650 m² | Power Supply: ± 300 AMPS | Sold with month to month tenant: monthly rental ± R50K Viewing: 09 November 2022 from 13h00 to 15h00

VIREND | 071 383 1735

PORTFOLIO DISPOSAL: RESIDENTIAL APARTMENT BLOCK, DURBAN CBD 76 McArthur Street (Known as Treves Court), DBN GBA: ± 1 200 m² | Gross Annual Income: ± R310K | Current Lease until September 2023 | On going income generating property | Ideal for student accommodation | Can accommodate ± 50 people

LUKE | 071 351 8138

PROMINENT RETAIL SPACE Section 1 & 2 SS Boundary Corner, Malibongwe Drive, Northriding, Johannesburg Property 1: ± 275 m² | Property 2 : ± 288 m² | End-user opportunity as current tenant will vacate

VIREND | 071 383 1735

PORTFOLIO DISPOSAL: BLOCK OF FLATS IN DURBAN CENTRAL 88 Maud Mfusi (St Georges) Street, Durban CBD GBA: ± 1 136 m² | Gross Annual Income: ± R428K | Current Lease until September 2023 | 43 Rooms Can accommodate over 120 people| Ideal for student accommodation

ALAN | 082 445 5048

MODERN HOME Portion 126 of The Farm Hebron No. 914, Fleetwood, Dargle Road, Dargle Valley, KZN Midlands Extent: ± 11,9351 Ha | Modern Home | 3 Beds with self-contained flat | Well-appointed Kitchen | Off the Grid Solar | Borehole

LUKE | 071 351 8138

TWO MINI-INDUSTRIAL UNITS 56 Dollar Drive, Richards Bay Extent: ± 1 290 m² | GBA: ± 876 m² | Two units: ± 438 m² each | Single freehold property

MUHAMMAD | 079 458 4256

EXCLUSIVE LARGE PENTHOUSE IN PRESTIGIOUS BUILDING Sections 7 & 11 SS Hertford, 747 Musgrave Road, Morningside, Durban Extent: ± 337 m² (excluding garage) | 4 Bedrooms | 4 Bathrooms | Fully fitted kitchen | Exclusive finishes | ± 65 Triple garage | Stunning city & sea views

LUKE | 071 351 8138

STANDALONE RETAIL BUILDING Erf 247, Northlands Deco Park, Ext. 22, Northriding, Johannesburg Extent: ± 1 460 m² | GBA: ± 1 386 m² | Located near the entrance of the park | Secure, freestanding building | Off street parking | Destination retail opportunity

DECEASED ESTATE

BRAD | 073 757 9533

RETAIL & COMMERCIAL INVESTMENT 68 Westbourne Road, Richmond Hill, Gqeberha (Port Elizabeth Extent: ± 656 m² | GLA: ± 674 m² | Gross Annual Income: ± R 493K | Zoning: Business 1

BRAD | 073 757 9533

MEDICAL CENTRE INVESTMENT 88 Westbourne Road, Richmond Hill, Gqeberha (Port Elizabeth) Extent: ± 1 500 m² | GLA: ± 1 430 m² | Gross Annual Income : ± R1.5 Million | Zoning: Business

MUHAMMAD | 079 458 4256

SEA VIEW APARTMENT MORNINGSIDE Flat 51 Bowhill Lodge, 16 Gordon Road, Windermere, Durban Estate Late: Joyce Dorothy Mitchell Masters Reference No: 013986/2022 2 Bedrooms | 2 Bathrooms | 1 Garage | 1 Open parking bay | Vacant occupation

MUHAMMAD | 079 458 4256

HOLIDAY APARTMENT IN ESTUARY RESORT Section 54 Eden Wilds, Old Pont Road, Port Edward Extent: ± 84 m² | 2 Bedrooms | 1 Bathroom | Tenanted | Secure Estate

MUHAMMAD | 079 458 4256

2 X VACANT SITES IN ISIPINGO 11 & 13 Tecoma Square, Isipingo Hills Extent: ± 465 m² each | ± 750 m from M35 Main Road | 2 Road frontages | Potential for mixed-use development | To be offered individually and combined

Auction Date & Time: 17 November 2022 | 11h00 | Auction Venue: Mount Edgecombe Country Club, Gate 2, 1 Golf Course Drive, Mount Edgecombe | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

CONTACT US FOR MORE INFO: 0861 444 769 info@in2assets.com 063 500 1652 www.in2assets.com

The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 505, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above properties are subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer. In terms of the POPI Act, our contact details have been stated in this document. By responding to such, you hereby opt in for future marketing communication via email, mobile and WhatsApp. Email optout@in2assets.com to be removed from all future communication.

14

0 4

N O V E M B E R

2 0 2 2

TM

RETAIL AUCTION 29 November @ 12H00 - The Country Club JHB, Lincoln Street, Woodmead DAVID SOUTTER  083 325 7152 ZIMBALI WEDGE SHOPPING CENTRE

T N A

CONSTANTIA INDUSTRIAL PARK - 90% LET

C A V

BALLITO, KZN

RED HILL, DBN

RETAIL CENTRE - HAMMANSKRAAL

RETAIL CENTRE • MANGUZI, KZN

RETAIL • RANDFONTEIN CBD, JHB

SPAR CENTRE & PETROL STATION - VREDE

RETAIL • RANDFONTEIN CBD, JHB

FREEHOLD OFFICE • SANDTON

Lunar focuses on hybrid solar installatio 15 that are solar ready and off-grid solar so

A G E N T S ’

N O V E M B E R

2 0 2 2

360

PROPERTY

0 4

D Book I R Ea complimentary C T O R Y site visit with Lu WA: 065-043-1382

Mail: hello@lunarsolar.co.za Website: www.lunarsolar.co.za 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

LUNAR SOLAR INSTALLERS Cape Town Office 065 043 1382 Email: hello@lunarsolar.co.za www.lunarsolar.co.za

SERENITY HILLS ECO ESTATE KZN, South Coast Office 073 142 8292 Email: home@serenityhills.co.za www.serenityhills.co.za

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258 www.dogongroup.com

PETER MASKELL AUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za

WYTHAM ESTATE KENILWORTH, CAPE TOWN 063 707 2886 sales@wytham.estate www.wytham.estate

DOGON GROUP PROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

BALWIN PROPERTIES Ballito Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za

PAARL, BOLAND, CT Werner Pieters 082 363 6089 Marius Pieters 082 566 0853 sales@grootparysestate.co.za www.grootparysestate.co.za

southernsuburbs@dogongroup.com

Check out our portfolio of installs on Fa Get Lit With Lunar Solar

www.iolproperty.co.za

16

0 4

N O V E M B E R

2 0 2 2

Have you discovered these digital magazines yet?

To receive all our FREE digital magazines directly to your mailbox, email iol.magazines@inl.co.za with the word Digital.

Click here to read our magazines now.

Advertising Sales queries: Charl Reineke | charl.reineke@inl.co.za