Property360 - National Digital Magazine - 6 November 2020 by Independent Media Digital Magazines

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PROPERTY

360

FUTURE FOCUS FOR NEW DEVELOPMENTS PA G E 3

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Understand your contract and be familiar with the developer and contractors when buying a new build. PICTURE: RUSSELL HOLDEN

Choose an existing property or new build? Buying a home in a new development can offer purchasers substantial financial savings such as no transfer duty and lower prices, say experts, but they warn it is essential to do your homework because buying off plan is not for everyone

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

ROPERTY buyers have a number of things to consider when choosing their new homes, and one is whether to buy an established property or a new build. There are pros and cons to both choices although some financial benefits come with new property developments. These include the savings made on transfer duty and the fact that new homes come on to the market at between 10% and 20% below market value, says Stephen Porteous of SDP Consultants. This lower price is a result of developers being able to sell 30 or 40 homes in a fixed time. Furthermore, he says buyers have extra peace of mind when buying new builds. “Even if the developer or the contractor has problems you will have the assurance of the National Home Builders Registration Council to back up your building.” ADDITIONAL BENEFITS OF NEW BUILDS “What’s great about buying off plan is you often have a greater selection of options that cater to your needs versus what is immediately available in the market,” says Jacques van Embden, managing director of Blok Urban Developers.

“You’re also locking in today’s pricing for tomorrow’s value. “One only needs to put down a deposit at the onset and secure the balance of the funding either with a guarantee or a larger deposit, and can then use the construction period to save for the ensuing costs or to dispose of your existing home.” Lance Gore of Spencer Gore Developers says new developments take into account the current thinking in terms of architecture; finishes; energy and water-saving measures; facilities and data provision, among others that older developments do not, or cannot, provide. “Retrofitting an older development can be costly whereas incorporating new technologies into a new development is cost effective.” WHAT TO BE WARY OF There are, of course, risks when buying at any time as the market could move downwards, as has happened on numerous occasions, Gore notes. “There are teething issues when you buy into a new development but they are relatively minor by nature. Established developments have the advantage of price and operational structures, but you give up on some of the more modern technologies that a new

development provides and you are buying an older asset with higher maintenance costs.” Buyers must do some research on the developers to make sure of their track record on previous projects. And there are other risks including unforeseen delays or not getting what you thought you were buying. “This can be reduced, though, if you read the documentation properly,” he says. Van Embden agrees: “It’s always important to understand your contract, as well as ensuring you are familiar with the team you are getting into business with.” Buyers must be mentally prepared for snags that might need to be attended to as well as building work going on around them for a while, Porteous says. “The upside is that you find those pesky snags and get them dealt with.” CHOOSING THE RIGHT NEW DEVELOPMENT Look for the location that will be central to your life, be close to good schools, and maintain its value, he advises. “When the locality checks these boxes it will also be the locality that will offer the best potential rent if your circumstances change and you want to let the property.”

Echoing this, Gore says choice is about a lot of things including location, price, levies, design, finishes, proximity to transport routes, shopping, schools and medical facilities. “These, plus many other factors, play an important role in the decision-making process.” Each development will offer unique opportunities and the buyer needs to consider what best suits their needs in terms of offering and development partner, says Van Embden. BUYING INTO THE RIGHT ESTATE For buyers wanting to live in an estate, he points out the maintenance costs and monthly levies are sometimes higher in estates (as opposed to other new developments) due to the scale of the shared amenities. “Of course, it means you also get to enjoy a selection of shared amenities with your other estate dwellers.” However, Gore says estate living is not for everybody. “There are sometimes quite restrictive rules on an estate which do limit what you can do. “Some people are not happy on an estate so, before buying into one, make sure that you understand the rules.” Summing this up, Porteous says: “Look for a well-run estate with happy people.”

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Pandemic will affect home choices

Letter from the editor DURING my recent bout of told me they are selling – as

Post-Covid buyers will demand additional facilities, such as home workstations, more open space and increased security features

always – if the price is right.

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

house hunting, estate agents

Some talk about owners’ unwillingness to drop prices. But this is nothing new. At the beginning of the year when the property market was already changing, it was difficult to tell a seller their property could no longer pull in the price it would have a few years back. Estate agents at the time bemoaned this and still do. My house hunting has seen me get some good advice from property owners, one in particular. This includes visiting the spot you like at least three times at different times of the day, walking around the area and talking to people living in the block or close to where you want to buy. It’s amazing how much you learn from these conversations. Buyers also have to do their homework. What’s going on in the neighbourhood? Are there any contested areas? Read up

New developments must offer space and security and be financially accessible to more people. PICTURE: PEGGY AND MARCO LACHMANN-ANKE

as much as you can and talk to as many experts as you can. But, ultimately, even if you do all of this, you’ll know when you walk into a home if it is for you or not. One property magnate, however, tells me not to make a heart decision but a head one: “Get out of your comfort zone and look at other areas, make quick offers on homes when you like them and buy a home from which you can create income.” Owning a home, it is clear, is a good investment – mostly. This week Bonny Fourie delves into developments and gives you all the tips you need to make informed decisions, if you are investing in this property type. Enjoy Warm regards Vivian Warby vivian.warby@inl.co.za

ROPERTY developments planned during and after the Covid-19 pandemic are likely to feature new designs and facilities that take into account the changed living habits and needs of South Africans. Gated communities and communal living spaces will continue to be in demand but developers will need to focus on the price points as well as additional offerings such as space and security, say property players. Although we are still in uncharted waters, Stephen Porteous of SDP Consultants, property brokers for sectional title estate The Woodland in Prestondale, Umhlanga, says it is “fairly apparent” that people will rely on each other more, not only in terms of security but also, as a collective, in assisting the less fortunate. “We may also find ourselves relying on each other in terms of introducing advanced and expensive communication – which is more affordable as a community, and even educating our children or at least providing an environment conducive to learning and having fun.” For these reasons, he believes that gated communities are going to dominate the postCovid market. In particular, affordable entry-level estates under R1 million that provide all the benefits of traditional estates will do “exceptionally well”, says Stefan Botha, director of property marketing agency Rainmaker Marketing. Citing examples, he says Ballito Groves in aManzimtoti has seen “incredible growth” since Covid, with buyers including both firsttimers and investors, while Hesketh Estate in Pietermaritzburg will also do “exceptionally well”, especially when one starts combining the benefits of facilities like Finance-Linked AFRICAN NEWS AGENCY

Individual Subsidy Programmes (Flisp), where buyers can get grant subsidies off the purchase prices. “There are developers, generally those who are experienced, who can develop projects at scale and create facilities and amenities suitable for a variety of products at one address. We will definitely start seeing people sacrificing size for location in the more upmarket and built-up areas. “Wedgewood Sandton, Station House in Sea Point (which we will see quite soon), and Citizen Hyde Park are all examples of incredible amenities and facilities that focus on experiencing more in smaller living spaces,” he says. Jacques van Embden, managing director of Blok Urban Developers in Cape Town, agrees that new developments will need to be “more agile” in the market place, and cater for short, medium, and long-term stays, as well as offer spaces that enable working from home and shared communal areas that can accommodate safe social interaction. “With our latest development, Six on N, we ensured that each unit, irrespective of size, had a dedicated workstation to enable work from home, as well as providing two meeting rooms that residents can hire for larger meetings. “We also believe that the home extends beyond your home and into the building itself, so we made sure to deliver on communal amenities and shared spaces to enhance daily lives – be it the communal roof deck and pool, laptop bar, on-site deli/grocer or the fitness studio.” Post-Covid life is still unfolding but Lance Gore of Spencer Gore Developers which is developing Westwood Quarters in Westville, believes changes could move buyers to

consider safer and more secure environments that also offer space. “Free-standing or semi-detached houses with small gardens within estate or complexes may become more sought after.” Post-Covid lifestyles are likely to return to what they were pre-Covid but with added measures for visitors and workers, such as temperature checks, screening and stricter access control, he says. “The use of estate/complex facilities may also be restricted to owners only. Measures such as these, on a permanent basis, could help limit the spread of the common flu, or other future contagious diseases, which would be welcomed by most residents.” Gore adds that developments planned during and after Covid are likely to have more open spaces. “Apartments may now, more than ever, need to have a small patio or open area to provide some connection to the outdoors.” Porteous believes that more advanced communication and security systems are also likely to be increasingly featured in developments while Van Embden says the ability to work from home will be “essential” to most residents as will having a variety of outdoor spaces. Prices, however ,will be crucial with developers needing to be “far more conscious” about usage of space and size, Botha says. “Everyone is looking to leverage their investment and to try bringing those initial barriers to entry down. “We are seeing a lot more developers being more conscious about the deposit they ask upfront, trying to bring it down from the traditional 10% to attract more people into the market.”

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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ANSWERED

Whether you buy a house or a high-rise apartment depends on your lifestyle. PICTURE: MARTIN PÉCHY

TIPS FOR PICKING A NEW PROPERTY

Tough choices need to be made when purchasing, so we spoke to some experts to help readers resolve their conundrums when it comes to getting a foot on the ladder Q: We are looking at buying our first property in a development but are stuck between buying in an estate and in a new apartment block. What factors should we take into account while trying to decide? A: Some developments have both, albeit not that many, but the choice between an estate – assuming that you are talking about a freestanding house within an estate – and an apartment block is one of preference. The main differences come down to affordability and space. What can you afford? Can you live close to other people? Do you mind noise as apartment living can mean neighbours above, below and on either side of you? Do you mind stairs or lifts? Do you prefer your own garden and pool? Do you prefer more privacy? These are all important factors to consider when making a choice. – Lance Gore, Spencer Gore Developments A: Consider the lifestyle you want and the pace you want for everyday living. Apartment living in a thriving city is vastly different to a suburban estate. Both have merits and it’s completely up to the individual to assess what life stage they’re in and how they see themselves

living day to day. – Jacques van Embden, managing director at Blok A: Before you decide – take your shoes off, step outside, and feel the grass beneath your feet and the sun on your face. Now decide. – Stephen Porteous, SDP Consulting Q: How much money can we expect to save by buying an established property as opposed to a new one? And how much of this will be offset by the lower maintenance costs we can expect in a new property? A: You can expect to pay more for a new build. With house prices under pressure, the gap may well widen further. Traditionally, a price difference of around 20% has been expected. There are benefits to buying new as you get improved technology and, with that, cost savings. But new builds also require on-going maintenance although generally on a much smaller scale. By way of an example, if buying an older house, you may need to upgrade the kitchen which can be quite costly whereas if you buy a new property, it will have a more modern and efficient kitchen. There is a maintenance saving with

a new build but if you don’t do ongoing maintenance, even with a new build, that saving soon disappears. – Lance Gore, Spencer Gore Developments A: There is no hard and fast rule but older blocks can sometimes come with larger maintenance issues and levies, which new developments don’t incur due to the improved buildability and building lifespan. – Jacques van Embden, managing director at Blok A: Typically, a new property is priced to sell multiple units with the aim being to deliver more value than is available in the market. Now add the benefit of lower maintenance costs and state-of-the-art infrastructure, such as optic fibre and smart meters. – Stephen Porteous, SDP Consulting] Q: I am very attached to my pets and cannot imagine living without them. What are the chances of me finding a new development that allows pets? They provide me with much joy but I understand many developments don’t want them. A: Pets are an important part of life and add

to the security and development of people throughout their lives. Make sure you get into a pet-friendly estate, even if you do not yet have a pet. – Stephen Porteous, SDP Consulting A: Being pet friendly is a major factor within many new developments, with developers now being far more amenable. It has become almost a must in most estates, both traditional full title and sectional title, although some criteria need to be fulfilled. One of the big innovations we are seeing is how developers can create unique experiences within estates for children and pets, such as parks and dog sitting. – Stefan Botha, Rainmaker Marketing A: All of our Blok developments are pet friendly; we have insisted on this since our first project. – Jacques van Embden, managing director at Blok Q: How suitable are new, modern apartments for family living? We have young children and get the impression that modern developments are better suited for young professionals than children. Is this wrong? A: Each development will likely have a certain target market in mind but they can often be redesigned to meet user needs. In our projects, we try to cater to a mix of user types. Safety and security in apartment blocks is one of the key drivers for young families, plus the proximity to many amenities for the family. – Jacques van Embden, managing director at Blok A: You get this impression for a reason. Trust yourself. – Stephen Porteous, SDP Consulting A: Depending on the area, we are seeing a lot of modern apartments, such as those aimed at micro living and co-living, being far more geared to the younger market but when you look at a lot of the other sectional title developments, especially those which are within estates or precincts, they are geared towards family living. – Stefan Botha, Rainmaker Marketing

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P R O P E R T Y WORKING DOUBLE TIME

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W O R L D

More certainty is needed before the property market can really thrive again. PICTURE: NICOLAS VAN LEEKWIJCK

Developers will need to be well aware of what their buyers want in the future. PICTURE: COCO PARISIENNE

PROPERTY developers who were in the process of construction before Covid-19 were hard hit by the lockdown, losing about five months of production time and seeing their projects delayed. They are now trying to make up through extended hours and double teams, says Stefan Botha of Rainmaker Marketing. “This has a knock-on effect in terms of costs. It is also hard to make up the time but they are trying to claw back so they can deliver on their promises to purchasers.” Based on concluded sales since lockdown, though, some developers have seen “exceptional months”. However, buyers will be a lot more selective about their purchases post-Covid. “I think the really good products will fly but some of the marginal products will struggle. Developers need to be exceptionally well researched in terms of what the market is looking for. There is no real room for error when it comes to what the offering is. “People are being a lot more competitive in terms of what they offer and more sensitive to buyers’ needs,” Botha says.

P O S T- L O C K D O W N P R O P E RT Y C A U T I O N

HE PROPERTY market has seen positive growth since the lifting of the hard lockdown, but there is still a lot of uncertainty. This means the market will be fairly slow for some time, says Lance Gore of Spencer Gore Developments. The semi-rush immediately after the real estate industry reopened was due more to pent-up demand during lockdown than to real growth. Now that things have settled, the market has slowed, and many deals that were done immediately after the opening of the economy have collapsed.

“There is stock aplenty in all categories and it is a buyers’ market.” He says additional stock already under development will come to market in the near future which will add pressure to an already slow market. However, this needs to be considered in the context of the economy as a whole. “Earnings growth is under pressure and many folk have lost their jobs. People are less certain, and the property market relies on certainty, so expect to see a slow market for some time.”

Mixed-use estates with homes, retail and work likely to be a trend

Estates generally offer a sanctuary away from work and shopping.

ESTATE living differs greatly from other new developments which often focus on mixed-use benefits and convenience. Estate living offers a sanctuary, says Stephen Porteous of SDP Consultants. “It takes you away from the treadmill of work and shopping. It immerses you in real life, where family is of paramount importance, where children are free to run and play and scrape their knees and learn.” However, estates can also be

mixed-use, which could be a future trend, says Lance Gore of Spencer Gore Developments. “Larger mixed-use estates with living, shopping and work, all within a well-run and safe environment, will become more popular. “Mixed-use living is about the convenience of the lifestyle and being in the ‘action’, hence the popularity, particularly with the millennials. But there could be a merger of both estate and mixed-use living over time.”

DO YOUR HOMEWORK WITH “excellent” value for money on offer and “a great selection” of properties to choose from, buyers may be tempted to dive into a purchase without due consideration. Tony Clarke, managing director of the Rawson Property Group, urges buyers to remember the long-term nature of property investment. Their decisions must not only suit their needs today, but also in the future. “Buyers need to be sure a property will support their lifestyle for the next five to 10 years at the very least. Consider things like some room to grow if you hope to start a family and make sure the location offers everything you may need in terms of job opportunities, schools, shops, transport, sporting and social facilities.” They should also be aware of the additional costs that come with buying and owning property, he says.

Buyers must consider their current and future needs when choosing a home. PICTURE: CLAUDIO BIANCHI

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Micro-living flats bring global trend to Gauteng Millennials and first-time buyers likely to flock to Hyde Park apartments with their live, work and play lifestyle, generous communal facilities and the convenience of living in pleasant surroundings close to the city HIS year has been a roller-coaster – we have not only had a pandemic to contend with but financial burdens and a new way of living. Many of us are reassessing and adapting the way we live, work and play and it is no surprise these social changes are paving the way for new home and workplace trends. Micro apartments have become a hot trend both internationally and here, with living spaces needing to be more flexible and convenient. A 2018 report from IP Global revealed that, in Europe, there was an 85% increase in transactions for micro apartments over the previous year. The popularity of micro apartments has been driven by affordability, lower running costs, and eco-friendly elements, with the report saying they appeal to singles and young individuals and are typically situated in central nodes where public transport, employment and education are easily accessible. Leading cities across the world, such as London and New York, have been at the forefront of micro living trends and with the upcoming online launch of Citizen Hyde Park – one of the first micro apartment buildings in South Africa – this trend is becoming apparent here too. This will change the way we live and create a dynamic way of life for on-the-go individuals, says Farrel Osher, developer of Citizen Hyde Park. “We are proud to be leading this paradigm shift… It’s about designing around residents’ day-to-day demands, creating homes that suit their immediate needs and accommodating

their lifestyles through vibrant communal spaces.” He says Hyde Park is a prime location that allows individuals to live in a leafy, suburban area, while still having access to the city where one can work and party. Also the micro apartment reduces carbon emissions by providing an array of amenities within one address, including a co-working space; gyms; a versatile entertainment/function room; laundromat; convenience grocery store and coffee shop; shuttle and car-hire service; communal dining and braai areas and secure bike storage facilities. “That’s not to mention having easy access to the Gautrain and other public transport, business hubs, shopping centres, restaurants and bars. We wanted to create a space where you are within walking or cycling distance of desirable amenities. It’s your passport to a world that epitomises convenience.” The millennial market and firsttime buyers are leading this property demand; they are in the early stages of their careers and are more inclined to change jobs, are open to using public transport and are very social. Research from Cushman & Wakefield shows that the microliving market is being driven by single people who make up 42% of households in Germany, and couples that make up a further 34%. Single households are expected to rise to 19.3 million by 2040. Hyde Park alone has experienced a 23% increase in population over the past nine years, and that is due to a

younger, booming market attraction, Osher says. This gives investors a “huge opportunity” to capitalise on the demand and gear their units for short or long-term rentals. “Micro apartments (make financial sense) and offer an array of benefits such as higher rental yields and capital appreciation. “For instance, a standard studio apartment in Hyde Park costs approximately R1.57million, while prices at Citizen Hyde Park start from R840 000. “While you will be paying less towards your bond repayment you can expect to let your unit for the average area rental of approximately R10 000 a month or take advantage of shortterm rental solutions for business and holiday travellers.” He says Citizen Hyde Park takes micro living to another level as the studio, one and two-bedroom apartments have full back-up power, on site water storage, state-of-the-art security, furniture packages and fibre. Residents will also enjoy having a myriad facilities within a few steps of their home. In addition, as the central location makes residents less dependent on private vehicles, they can save at least R4 000 a month by using public transport and facilities within the building instead of paying monthly car instalments, insurance, car maintenance and petrol. “This lifestyle is like nothing Hyde Park has seen – it is truly revolutionary,” he says.

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The benefiTs of using a bond originaTor You’ve done the research, found your ideal neighbourhood and have made an offer on your dream home! Now you just need to get a home loan. For many people, however, there are questions and uncertainty around where to start, which banks are likely to give a loan, what documents do you need, and so forth. Suppose this is where you find yourself, fear not! The help of a bond originator will be your saving grace. It’s their job to make the complicated process of applying for a mortgage an easier and more convenient one for you. Here are five reasons why this is the best route to go! 1. They guide you on whaT documenTs you need One of the first tasks of a bond originator is to make the application process smooth and stress-free. They do this by pre-empting all necessary documents so that they can apply on your behalf to the various banks. If you’re self-employed or a business owner, the documents you need to provide are slightly different from those who are full-time employees. Your bond originator needs to guide you step-by-step through this and can assist with whatever else you need. 2. They negoTiaTe The besT deal One of the significant benefits of using the services of a bond originator is that you know you will get the best deal. If a home loan application is submitted via a bond originator, the banks will immediately know that every other reputable financial institution is also seeing your application. In short, the banks will know that if they don’t put their best offer on the table, they could lose out to a more competitive institution. On the other hand, if you submit your application on your own, the banks will feel less pressure to be as forthcoming and to even consider giving you a fair deal. Also, it will take serious time and energy for an individual to apply to every single bank – banks are aware of this and, thus, are less likely to give a competitive offer. Another factor to consider is that a good originator won’t just settle for the first offer. It’s their job to negotiate to see if they can’t get you an even better deal. In addition, banks are often willing to offer lower interest rates to applicants through bond originators, given that the bond originator is likely to bring the bank more business with other clients – a trump card that individuals don’t have in their pockets. 3. They anTicipaTe any issues ThaT mighT block your applicaTion Bond originators are highly skilled at presenting your financial history and current circumstances in the best possible light to each financial institution. And as applying for bonds is what bond originators do daily, they’re also able to build valuable relationships with the

Real estate,

the way better way

banks and will have a much clearer understanding of what banks look for in the application. This not only enables them to tailor your application to appeal to each of the banks in the best way, but they can also ease concerns that the banks might have about your past, present or future prospects. Of course, this doesn’t mean that they lie or misrepresent things. Still, they can argue on your behalf – it can be challenging for an individual to get face-time with a bank representative to discuss these matters, so it makes sense to task the best person for the job to do so! In turn, the originator will also be able to advise you on matters that they think might be hurdles for the banks or that would be more advantageous for your application. This can include a higher deposit offer or cleaning up on your credit record. 4. iT’s free To you We know that there are very few things that are free nowadays, but the services of a bond originator are free to you, the applicant. In addition, the bank fees involved in registering a new loan are the same regardless of whether you go directly or use a bond originator. So, how does a bond originator make money? They get commission from the banks on successful applications. It’s important to note, here, that a bond originator isn’t guaranteed commission unless an application is successful – this is another motivating factor for them to assist you in getting the best deal. For the Rawson Finance team – the Bond Originating arm of Rawson Properties – the commission earned is just a small part of their reward; for them, it’s more important to help buyers through the daunting process of applying for a home loan by leaning on our expertise and knowledge. We’re all about keeping our clients happy! 5. a higher raTe of success Statistically speaking, bond originators have a much higher success rate in getting an application approved and enabling prospective buyers to finalise their purchase. The great news is that you don’t need to be purchasing a property through Rawson Properties to make use of the Rawson Finance Team, our Bond Originating arm. if you like to find out more about their services or would just like to chat with someone, please contact 021 658 7100

Today's real estate clients expect more. What does this mean for your real estate future?

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we're growing our team email join-us@rawsonproperties.com

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Your Neighbourhood Experts

ASANTE

BLOUBERGRANT BEACHFRONT

BEAchfRONT DEVELOpmENT Two Bedroom Apartments From R3,395,000 VAT Incl.

a choice of 12 two & three bedroom luxury apartments, and a spacious 4 bedroom penthouse.

*GROUND FLOOR UNIT, FULLY FURNISHED

Three bedroom apartments SOLD OUT 4 Bed Penthouse

All apartments include a secure double garage.

*PARTIALLY FURNISHED

R7,995,000 VAT Incl. Viewing by appointment

READY fOR OccUpATION mike: 082 555 5390 | melinda: 078 342 6678 Terri: 083 270 6900 | office: 021 557 5514

ONLY 5 LEfT

PRICED FROM

R1,295,000

(NO TRANSFER DUTY PAYABLE)

blouberg

5 mINUTE WALk TO ThE BEAchfRONT A selection of 17 spacious 1 & 2 bedroomed apartments with balconies. A beach lifestyle with spectacular sunsets and access to Blouberg's world famous kite surfing beach. www.speranta.co.za

Viewing by appointment

6 UNITS SOLD

OccUpATION fROm 1 DEc

PRICED FROM

R1,130,000 (VAT INCL)

LANGEBAAN

LOW INITIAL DEpOSIT

mike: 082 555 5390 | Tracy: 083 303 1066 gary: 083 258 2845 | office: 021 557 5514

LIVING LA DOLcE “NIVIcA” A selection of 80 one, two and three bedroom luxury apartments with stunning views of the Lagoon. Excellent investment. Completion only early 2022. 50% DIScOUNT ON GARAGE pRIcES UNTIL 15 NOVEmBER 2020

Viewing by appointment NEW DEVELOpmENT JUST LAUNchED TRANSfER mARch 2022

portlandbeleggings.co.za

17 UNITS SOLD

mike: 082 555 5390 | leon: 071 564 5931 office: 021 557 5514

www.rawson.co.za

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Your Neighbourhood Experts

sunseT beach - r6,550,000

web ref: 1037897

The whiTe house of sunseT beach. Totally spectacular, this home exudes light and space. The double volume entrance hall, completely open plan lounge, dining hall, state of the art kitchen, and a garden oasis will leave you breathless. adele werTh: 082 555 8365 office: 021 557 5514

sunseT beach - r5,495,000

web ref: 1075824

sunny, spacious and special! This glorious, north-facing family home will tick all your boxes. From the sweeping driveway to the triple garaging, to the inviting double front door, this sunny home is everything you desire! adele werTh: 082 555 8365 debra peTers: 083 269 6776

sole mandaTe

Table View - r2,150,000

web ref: 1074661

family fun in The sun. This home offers three bedrooms and two bathrooms. A spacious gazebo and sparkling pool offer the perfect spot for family braais or sunset drinks, setting the tone for summer. gary wellman: 083 258 2845 Tracy bailey: 083 303 1066

sole mandaTe

big bay - r6,450,000

web ref: 1074268

classic Tuscan Villa in la paloma! This lovely spacious double-storey Tuscan home is new on the market in the sought after La Paloma suburb of Big Bay. It is the ideal lock-up-and-go home by the sea in a quiet and private neighbourhood. All viewings by appointment. leon oliVier: 071 564 5931 office: 021 557 5514

sole mandaTe

sandown - r2,695,000

web ref: 1075291

do you belieVe in loVe aT firsT sighT? Walking into this three bedroom home youâ&#x20AC;&#x2122;ll immediately feel relaxed in the lovely light-filled spaces. The living room is designed to showcase a fabulous double volume ceiling, and the adjoining braai room which leads out into a private garden. JacQues kemp: 081 302 5702 lynda winsTanley: 082 653 7369

bloubergranT - r3,450,000

web ref: 1073305

brand new gem in casTella mare - a bouTiQue deVelopmenT in coral road. View this penthouse which offers a dream lifestyle. This gem boasts a unique, incredible rooftop entertainment area with spectacular views, a communal heated pool and communal braai areas - What more could one ask for? JaQues mulder: 084 250 1665 michele pecorelli: 084 250 1693

sole mandaTe

sandown - r2,695,000

web ref: 1075395

would you like To be in your dream home? Design creates the right atmosphere. This delightful three bedroom home immediately draws you into the flowing living space. High ceilings enhance the lightfilled open plan lounge area. An adjoining braai room leads out into a private garden. JacQues kemp: 081 302 5702 lynda winsTanley: 082 653 7369

big bay - r2,350,000

web ref: 1031107

big bay beauTy. This newly fully furnished and renovated unit in Dolphin Ridge is perfect for a lockup-and-go lifestyle. Two bedrooms, two bathrooms with an open plan lounge, dining area creating a modern, open feel. Single garage completes the picture. aVril morris: 083 564 1726 melinda glanVill: 078 342 6678

www.rawson.co.za

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HOME LOANS

Now is the time to find out how much you qualify for as the repo rate is at a record low. Celestine is always available to take your call and guide you through the process from application through to registration. She will pre-qualify you for a home loan before you start house hunting. A pre-approval is very useful when house hunting as it helps the agent narrow down which properties to show you and not waste unnecessary time. Complete one application and she will apply to all 4 major banks and negotiate the best interest rate on your behalf. Call her for quick and efficient service Please feel free to contact Celestine at any time on 084 559 1786 | celestine@property360.co.za

www.property360.co.za

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whatâ&#x20AC;&#x2122;s new in Gauteng

PICTURE: FABIO HANASHIRO

TO ADVERTISE HERE Margi Marsland 084 591 9122 Shevon Philander 078 422 4925 Anne Reddy

0 8 2 8 2 8 0 0 1 0

Larissa Marks 0 7 6 2 3 1 1 0 8 9 advertising@property360.co.za

margi.marsland@inl.co.za shevon.philander@inl.co.za anne.reddy@inl.co.za larissa.marks@inl.co.za w w w. p ro p e r t y 3 6 0 . c o . z a

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whatâ&#x20AC;&#x2122;s new in KwaZulu-Natal

PICTURE: DAN GRINWIS

TO ADVERTISE HERE Anne Reddy

0 8 2 8 2 8 0 0 1 0

Larissa Marks 0 7 6 2 3 1 1 0 8 9 advertising@property360.co.za

anne.reddy@inl.co.za larissa.marks@inl.co.za w w w. p ro p e r t y 3 6 0 . c o . z a

PRIME ESTATES

OFFICE 031 767 1217 www.primeestates.co.za

VIEW BY APPOINTMENT

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SUE DINNIE 082 491 5822 www.capcubed.com

NEW SOLE MANDATE

HILLCREST R1 695 000

3 BEDROOM GARDEN SIMPLEX IN SECURE ESTATE Modernised townhouse with 3 good-sized bedrooms, 2 bathrooms + guest toilet. Double garage and outside room with toilet & shower. End unit so there is plenty of parking! The living room is light & bright with aircon and a gas fireplace, the fitted kitchen is open plan. The lounge leads out onto a covered entertainment patio and the garden is level. Monitored perimeter electric fencing. Two small pets with permission. Call AMANDA 079 528 0942 VIEW BY APPOINTMENT

DUAL MANDATE

HILLCREST R1 850 000

SECURE, GATED RETIREMENT ESTATE Spacious, almost new 2 bed apartment, with a FULL bathroom, granite kitchen, lounge + sun-lounge, 2 carports and a lock-up storeroom. Super Clubhouse, pool, library, gym, laundrette. Fibre & DSTV connections. Perfectly positioned mid-way between Hillcrest & Waterfall Centres. Call DEBBIE 082 903 2024 • Web: 109284371 ON SHOW SUN 2 – 4:30PM

SOLE MANDATE

WATERFALL AREA/CRESTVIEW R1 850 000

IDEAL EXTENDED FAMILY HOME On an acre of mature garden, large solid 4-bed home with 2 baths, 2 lounges, dining room, fitted kitchen, covered verandah, single garage, carport, swimming pool and excellent security. PLUS: Self-contained Studio apartment AND separately fenced 2 bed cottage. All have pre-paid electricity meters and tiled floors. Ideal as a rental property. Boards from Waterfall Centre Robots. Call ANN 072 425 9411 • Web: 109247540

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AUCTIONS There is a commonly held belief that property auctions are a good place to pick up a bargain because auctioneers often handle sales in execution / property reposessions / liquidations. Our dedicated auction section allows auctioneers to showcase their properties to buyers looking for these bargains. THE AUCTION SECTION OF THE PORTAL OFFERS: • Advice to buyers • Auction news • Recommended auctioneers to deal with • Diary of upcoming auctions Contact LEIGH to get your listings visible 074 991 3373 or leigh@property360.co.za

www.property360.co.za

ON-SITE AUCTION 01 DECEMBER 2020

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

LIVE STUDIO AUCTION 25 NOVEMBER 2020

IN LIQUIDATION

M57

PORCELAIN AVENUE

AUCT-001375

Tom | 083 636 7800

Outstanding Grazing Farm 21km South of Normandien on Cundycleigh Pass Road, Normandien, KZN Extent: ± 994 Ha | Winter and Summer grazing | 6 Camps | 1 Registered stock dam | Perennial river that waters each camp | Potential for ± 130 Ha arable dry lands Viewing By Appointment

Auction Date & Time: 01 December 2020 | 11h00 | Auction Venue: On-site, Oﬀ Collings Pass Road, Normandien, KZN | Terms: R50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. FICA documents are required | Auctioneer: Andrew Miller

AUCT-001331

Tom | 083 636 7800 AUCT-001372

± 1 655 Ha Irrigation and Livestock Farm – Nylstroom 40km on R33 from Nylstroom to Vaalwater, then left to Alma, 1km west of Alma, Limpopo Matter: T & I Bouwer Boerdery (Pty) Ltd (In Liquidation) Master’s Reference No.: N000051/2020 Total Extent: ± 1 655 Ha (7 adjoining portions) | ± 348 Ha Irrigated land under centre pivot | ± 250 Ha Arable dryland | ± 1 047 Ha Grazing

Tom | 083 636 7800 AUCT-001373

Tom | 083 636 7800

± 4 Ha Vacant Land in Withok Estates 235 Mans Street, Withok Estates, Brakpan Extent: ± 4 Ha | Vacant ﬂat land | Good access oﬀ M57 | Located between Heidelberg and Brakpan

Auction Date and Time: 25 November 2020 | 11h00 | Visit https://auctions.in2assets.co.za to register for this auction | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

LIVE STUDIO AUCTION 26 NOVEMBER 2020

DECEASED ESTATE

AUCT-001338

In2assets | 0861 444 769

±1 740 Ha Livestock, Game and Irrigation Farm Between East London and Komga, Eastern Cape Including: ±1 680 ha Grazing | ± 60 ha Irrigated arable land | ±12km of River frontage – The Great Kei River | Implement shed, cattle handling facilities, office, staff houses | Hiking, mountain biking, fishing, 4x4 trails Viewing By Appointment

AUCT-001351

In2assets | 0861 444 769

AUCT-001352

In2assets | 0861 444 769

AUCT-001353

In2assets | 0861 444 769

AUCT-001377

In2assets | 0861 444 769

AUCT-001376

In2assets | 0861 444 769

Redevelopment Opportunity in Morgans Bay 238 Pampus Place, Morgan’s Bay, East London Estate Late: D.S Mitchley Masters Reference Number: 003452/2019 Extent: ± 776 m² | Renovation opportunity | Situated along the river and oﬀers panoramic views | Less than 1 Km from the beach | Vacant occupation

Vacant plot in Katberg Katberg Eco Golf Estate, Eastern Cape Extent: ± 750 m² | Situated in the majestic mountainous area of the Katberg Eco Golf Estate | The estate oﬀers an 18-hole classic country style golf course | Investment opportunity to build a home away from home | Vacant occupation

Vacant Plots in Berlin 6, 10 & 14 Bauer Road, Berlin, Eastern Cape Extent: ± 4 047 m² (each) / ± 16 188 m² (combined) | Residential development opportunity for 17 units per hectare | Vacant occupation

DECEASED ESTATE

AUCT-001355

In2assets | 0861 444 769

Vacant Plots in Morgans Bay 243 & 244 Pampus Place, Morgans Bay, East London Erf 243 - Extent: ± 709 m² | Erf 244 - Extent: ± 819 m² | Total Combined Extent: ± 1 528 m² | Panoramic views | Less then 1km from the beach | Development opportunity Vacant occupation

AUCT-001356

Vacant Land in Morgans Bay 245 Pampus Place, Morgans Bay, East London Estate Late: D.S Mitchley Masters Reference Number: 003452/2019 Extent: ± 850 m² | Panoramic views | Less than 1 Km from the beach | Vacant occupation

Sought After Residential Home 45 Ries Avenue, Butterworth, Eastern Cape Extent: ± 1 163 m² | GLA: ± 280 m²

Investment Opportunity 44 Drake Road, Bonnie Doon, East London Extent: ± 1 460 m² | GLA: ± 320 m² | Short term tenant

Auction Date & Time: 26 November 2020 | 11h00 | Visit https://auctions.in2assets.co.za to register for this auction | Terms: R50 000 refundable registration deposit. Strictly by 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.

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AUCTIONS AUCTIONS AUCTIONS AUCTIONS AUCTIONS AUCTIONS AUCTIONS PORTFOLIO DISPOSAL H UT SO

Luke | 071 351 8138

Large Prominently Positioned Container Yard Near Durban Harbour 873 South Coast Road, Jacobs Extent ± 9 828 m² | Vacant occupation | Good access | Oﬃces and workshops

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 PROPERTY? YOUR PROPERTY? YOUR PROPERTY? DURBAN COMBINED AUCTION 18 NOVEMBER 2020 PORTFOLIO DISPOSAL

PORTFOLIO DISPOSAL

D OA TR AS CO

AUCT-001366

WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL WANT TO SELL YOUR PROPERTY? WANT TO SELL YOUR PROPERTY? WANT TO SELL YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY? YOUR PROPERTY?

IND US TR IA ST RE ET

BALFOUR ROAD Virend | 071 383 1735

AUCT-001361

Vacant Industrial Site Close to Durban Port 20 Industria Street, Clairwood, Durban Extent: ± 1 623 m² | Easy access to N2 Freeway, M4 & M7 Main roads | Situated within busiest industrial zone of SA

PORTFOLIO DISPOSAL

D S ROA BACU

R102

AUCT-001363

Muhammad | 079 458 4256

AUCT-001357

Luke | 071 351 8138

Large Industrial Property Close to Dube Tradeport 26 Nyala Road, Canelands, Verulam Extent: ± 2.4128 Ha | Large platformed yard, oﬃces and workshops | Platformed yard: ± 22 000 m2 | Surrounded by Blue-chip companies Two options on auction: 1 - Bid to purchase | 2 - Bid to rent

GREYVILLE RACECOURSE

AUCT-001340

Virend | 071 383 1735 AUCT-001335

High Density Durban CBD Retail Investment 395 Dr Pixley Kaseme (West) Street, Durban CBD GLA: ± 620 m² | Gross Annual Income: ± R 2.3 Million | Current lease until 2024 | Quality tenant, going concern with excellent returns | Prime location exposed to mass markets | Situated within busiest trade zone of SA

CORNUBIA

Luke | 071 351 8138

PROPERTY 2

PROPERTY 1

M2 7-

AUCT-001325

Virend | 071 383 1735 AUCT-001369

Fully Let Industrial Park With Re-development Potential Terra Nera Industrial Park, Oﬀ the M27 (Jabu Ngcobo Dr), Verulam Extent: ± 2.6929 Ha | Gross Annual Income: ± R1.9 Million | 800 AMPS power supply | Zoned: Light Industry | Re-development opportunity for National Retailer or Blue-Chip companies | Currently comprises mix use – mini workshops, retail, oﬃce and warehouse etc | Option to Purchase with neighbouring property – 58 Aloe Drive, Verulam

MA IN RO AD

AUCT-001334

OPENING BID: R 8000 PER M2

Luke | 071 351 8138

Multi-Tenanted A-Grade Commercial Investment 24 Autumn Street, Rivonia, Sandton Extent: ± 6 020 m² | 3 A-grade commercial buildings | Current Gross Annual Income: ± R 3.2 Million (including recoveries) | Huge upside on current rental | End user opportunity

AUCT-001339

Muhammad | 079 458 4256

Prime Commercial Building Sections 1 & 2, 1 Simpson Place, Pinetown Section 1 Extent: ± 367 m² | Section 2 Extent: ± 358 m² | 19 Exclusive use parking bays | 150 Metres from Pinecrest Centre | Ideal conversion opportunity | Sold individually or as a combined lot

UE AVEN HNS ST JO

KIN GC ETS HW JAN AYO HO HIG FM HW EYE AY RR OA D E N A L ON END BR

Muhammad | 079 458 4256 AUCT-001344

Alan | 082 445 5048

AUCT-001254

Luke | 071 351 8138 AUCT-001230

Virend | 071 383 1735 AUCT-001365

Multi Purpose Retail & Industrial Property in Prime Location Section 3 Meridian Park, 27 Meridian Drive, Umhlanga New Town Centre, Umhlanga Rocks GBA: ± 1 266 m² | Vacant occupation | 61 Parking bays | Helipad | Double volume warehouse / workshop with oﬃces | Prime location for End user

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

LYN ROAD

Luke | 071 351 8138

Investor Opportunity 8 Lyn Road, Ferndale, Randburg Extent: ± 3 175 m² | Currently Builders’ supply depot with storage facilities, retail shop and oﬃces | Good access and road frontage | 5 Year lease with further 5 year renewal | National Blue-Chip tenant | Gross Annual Income: ± R1.3 Million

Virend | 071 383 1735

Investment Property with National Tenant 329 Sydney Road, Congella, Durban GLA: ± 5 980 m² | Gross Annual Income: ± R3.6 Million | 5 Year lease with a further 5 year renewal | Warehouses, factories, showroom and oﬃces

OPENING BID R2.8 MILLION

Muhammad | 079 458 4256 AUCT-001367

SYDN EY RO AD

Muhammad | 079 458 4256 AUCT-001362

MA LIB ON GW ED RIV E

M13 AUCT-001360

Tom | 083 636 7800 AUCT-001343

State-of-the-Art Abattoir 6 Abattoir Road, Glencoe, KZN Export registered abattoir | Red Meat - Cattle | High throughput with 500 unit per day capacity | Recently built with modern equipment and an eﬃcient layout

SHEPS TONE ROAD

AUCT-001326

Luke | 071 351 8138

POWER OF ATTORNEY

Virend | 071 383 1735 AUCT-001345

Re-development Potential on Main Road of Verulam 58 Aloe Drive, Verulam Site Extent:± 1.5614 Ha | Vacant occupation | Re-Development opportunity for National Retaileror Blue-Chip Companies | Currently comprises mix use – showroom, oﬃce andwarehouses etc | Option to Purchase with neighbouring property –Terra Nera Industrial Park, Oﬀ the M27 (Jabu Ngcobo Dr), Verulam

Virend | 071 383 1735 AUCT-001342

The Concierge Boutique Bungalows Sections 3-8 Bohemian Quarter, 37 Campbell Avenue, Greyville Total GLA: ± 692 m² | Fully operational with 4 Star Rating | 4 x Boutique bungalows | 12 En-suite bedrooms | ± 100 Seater restaurant or Café | ± 50 Seater conference or events venue | Modern and luxury ﬁxtures and ﬁttings | To be sold with all movable assets

AUCT-001368

Luke | 071 351 8138 AUCT-000923

Alan | 082 445 5048

Refurbished Oﬃce Unit Section 2 & 17 Cascades Oﬃce Park, 21 Cascades Crescent, Pietermaritzburg Extent: Section 2: ± 21 m² | Section 17: ± 250 m² | Vacant occupation | Sold as a combined lot

Auction Date and Time: 18 November 2020 | 11h00 | Auction Venue: The Durban Country Club, Isaiah Ntshangase Road | Terms: R50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Documents are required | Auctioneer: Andrew Miller

DURBAN COMBINED AUCTION 09 DECEMBER 2020 IN LIQUIDATION

AUCT-001378

Muhammad | 079 458 4256 AUCT-001383

Virend | 071 383 1735 AUCT-001392

Virend | 071 383 1735 AUCT-001384

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

Tom | 083 636 7800

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 | Numerous improvements including dwellings, sheds, and irrigation infrastructure | Comprised of 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 Viewing By Appointment

DECEASED ESTATE

Virend | 071 383 1735 AUCT-001381

Luke | 071 351 8138

E RIV RL D PEA

GROVE FIELD CASSIA 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

AUCT-001389

Luke | 071 351 8138

AUCT-001390

AUCT-001386

Luke | 071 351 8138

AUCT-001358

Alan | 082 445 5048 AUCT-001371

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

Luke | 071 351 8138

Residential Property with Student Rooms 24 Kenneth Kaunda (Northway) Road, Durban North Extent: ± 1 414 m² | Well situated in Durban North oﬀ Kenneth Kuanda Drive | Newly built student outbuilding for 8 Students | Swimming pool | 1.5kms from Varsity College

CORNUBIA INDUSTRIAL PARK PAP ILIO CLO SE CR ISP AR OA D

D ROA IVY

AVENUE ASHFIELD

AUCT-001387

Muhammad | 079 458 4256 AUCT-001385

Retail Unit in High Trade Zone Section 1 Queens Court, Corner of Margaret Mncadi Avenue & Samora Machel Street, Durban CBD Extent: ± 187 m² | Divided into 2 individual unit | High levels of pedestrian and vehicular traﬃc | Prime corner unit with excellent exposure | Divided into 2 individual units

RO AD

Muhammad | 079 458 4256 AUCT-001379

High End Mini Factory Section 22 (Door 26) Micro Park, 26 Crassula Road, Cornubia Extent: ± 143 m² | Mezzanine level | Vehicular Access | 2 Exclusive Use Parking Bays | 24 Hour Security in Complex

CR ASS ULA

AUCT-001382

Virend | 071 383 1735

Development Land in Cornubia Industrial & Business Estate 31 Papilio Close, Cornubia Site extent: ± 5 400 m² | Flat service land | Frontage to Crassula Road and Crispa Road | Prime location close to King Shaka International Airport

BUSINESS RESCUE

AUCT-001391

Luke | 071 351 8138

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

AUCT-001388

Muhammad | 079 458 4256 AUCT-001380

2 Bedroom Apartment on Durban Beachfront Flat 21 Sahara Sands, 25 Nathaniel Isaacs Crescent, North Beach Extent: ± 77 m² | 2 Bedrooms | 2 En-suite bathrooms | 1 Undercover parking bay

Muhammad | 079 458 4256 AUCT-001393

Well Positioned Industrial Property Section 14 Maywest Centre, 65 Charles Strachan Road (Oﬀ Jan Smuts Highway), Durban Total Extent: ± 495 m² | Mezanine oﬃces & storage | 3 Phase power supply | Easy access from the N3 | Vacant occupation

Virend | 071 383 1735 AUCT-001394

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

Luke | 071 351 8138

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. No cash. 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.

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