19 SEPTEMBER 2022 MATHISEN/UNSPLASHNORDLIVIDARPICTURE: 360PROPERTY ARE YOU READY RATEINTERESTANOTHERFORHIKE? Page3
“The five-star market recovered particularly well, recording growth of over 120%. Occupancy averaged 51%, which is approximately 72% of the rate achieved between January and May 2019.”
Hope for SA tourism and hospitality industries
“The reality, however, is that international travel remains inconsistent due to uncertainty and disruptions. The pandemic is not the only element at play, and several macroeconomic factors, including economic turbulence and political action, continue to have an impact,” Nieman says.
BY BONNY FOURIE bronwyn.fourie@inl.co.za
This is a welcome change, given the reliance of the market on international visitors.
Post the pandemic, the sectors - particularly in Durban and uMhlanga - are showing signs of recovery brought about by pent-up demand for leisure travel
Positive movement within the business and international travel from key African source markets are thought to be the primary sources of the luxury“Occupancygains.inSandton’s(five-star)marketrecorded a 110% increase year-on-year in the first half of 2022, averaging 49.7%. This sub-sector also saw annual ADR growth of 22%, comparing the first six months of 2021 and“The2022.relative outperformance of this market sector is encouraging, suggesting that historical international and business travel trends may start resuming.”
This is is good news for the future of the industry and economy as the country heads towards the end-of-year holiday season.
He adds: “The accessibility of this region from Gauteng, the favourable climate, quality tourist amenities and reputation for fun and relaxation bolstered its appeal. The city boasts the bestperforming hospitality market despite the tremendous health, social, climate and economic crises over the past two years.”
HE hospitality industry, locally and abroad, was hit hard during the Covid-19 pandemic and lockdowns but it appears to be recovering.
“Since restrictions have been lifted, there has been a definite uptick in business in the hospitality sector. Notably, there are several major happenings on the cards for later in 2022 and early 2023, including international sporting events and concerts with famous global artists. This will, in turn, have a positive influence on other areas of hospitality, including hotels, local tourism and catering.
“The nature of the industry is project-based to start with, and with the future impossible to predict, ensuring that staffing is at the right level always becomes a challenge.“Aflexible workforce is essential to enable hospitality businesses to access the skills they need to support operational requirements, but without the overheads that permanent employment brings.”
Although recovery is under way, Purnell says, the upper end of the market in Cape Town “still has some way to go”. He also states that the Durban and uMhlanga regions registered higher growth in tourist numbers than anywhere else in South“WithAfrica.international travel
uMhlanga has proven “especially popular” during the first six months of the year, achieving an average occupancy of 63.9%. This is the highest nodal performance in the country for the period, and is closely followed by the Drakensberg and Midlands regionTestament(63.7%).to the strength of the uMhlanga market segment, he says, is the recent opening of the five-star Radisson Blu. The Hilton Garden Inn uMhlanga Arch is another upscale property that opened recently (December 2020) in spite of the pandemic.
Back in business
He adds that, despite the challenging environment,operatingtherehave been three hotel openings recorded in Johannesburg over the past year –the Radisson Red Rosebank, voco The Bank Hotel, and the Hyatt House“TheRosebank.firsttwo will compete with the Sandton hotel market, as the primary target market in Rosebank is also the corporate traveller. A Park Hyatt hotel is also planned to open in early 2023.”
While Purnell says the additional supply has increased competition among hotels, the investment by large brands such as Radisson and Hyatt “bodes well in terms of sentiment towards the market going forward”.
2 9 SEPTEMBER 2022
And Durban and uMhlanga seem to to be leading the revival.
The first half of 2022 saw a “strong recovery” of international tourist arrivals to the Western Cape and Cape Town, says Mieke Purnell, JLL’s research manager for sub-Saharan Africa.
T
Although arrivals numbers and hotel performance metrics are not at the same level reached before the pandemic, JLL’s commercial property market overview for Q2 2022 notes that, when comparing the first half of 2022 with the first half of 2021, hotel occupancy rates “virtually doubled” across all property types in Cape Town.
With major events planned and more to come, there is a rise in demand for workers within hospitality, but the lingering uncertainty makes it difficult for businesses in the sector to hire back the full, permanent, fulltime staff complement of the prepandemic world.
The average daily rate (ADR) and occupancy metrics recovered in the first half of 2022 but are
Flexibility is key
Another aspect that the hospitality and tourism sectors need to consider is a flexible workforce, says Donné Nieman, the Western Cape sales director at Workforce Staffing. Although South Africa has done away with
the requirement to wear masks and lifted all Covid-19 restrictions, and the industry can begin a return to pre-pandemic levels, she says uncertainty about the future remains. A flexible workforce is therefore a key component of the recovery.
Hotel income under pressure Although the hospitality sector is recovering, John Loos, a property strategist at FNB Commercial
Given the abnormalities created in growth rates by the low lockdown base, he says it makes sense to also view total revenue value, and compare it to the comparable month back in 2019 –the pre-Covid period. We then see a more accurate picture of a hotel sector whose income is under severe pressure, albeit getting nearer to full recovery.”Loossays the weak revenue figures have been expected to continue to improve gradually as the year progresses, with lockdown pressures having receded.
disallowed during the height of the Covid-19 pandemic, the region benefited from pent-up demand from domestic leisure tourists.”
But things are not as rosy in Johannesburg“Thehospitality sector continues to grapple with poor corporate and leisure travel demand, especially in relation to the international market.
“However, recent surges in fuel prices as well as overall inflation, along with rising interest rates and a slowing economy, may have begun to exert additional financial pressure on both business and consumers. This, in turn, may be beginning to exert renewed pressure on the demand for tourism trips.”
THE RECENT opening of the Radisson Blu hotel is testament to the strength of the uMhlanga market segment. PICTURE: RADISSON HOTELS
not to levels achieved before the pandemic, Purnell says.
Sandton, which historically relied on international (corporate and airlines in particular) travel and domestic and international leisure demand, was one of the worstperforming micro-markets through most of the pandemic.”
Durban and uMhlanga leading recovery
New hotel openings
Property Finance, says Statistics SA’s June 2022 preliminary monthly tourism statistics show the hotel sector’s income levels battling to revert to pre-lock-down levels.
“On a year-on-year growth rate basis, total hotel sector income was a seemingly very strong (56.1%) in June, but this was a deceleration from the May growth rate of 127.9%. These very strong growth rates, however, have limited significance, given that this income was coming off a very low base when compared with 2020/early2021 lockdown levels.”
HOMEOWNERS must prepare for higher home loan repayments from the end of this month. PICTURE: RODNAE PRODUCTIONS
Publisher Vasantha Angamuthu Warby vivian.warby@inl.co.za
“The wealth that property investing can generate over time is phenomenal.” bracehike–homeowners,rateyourselves
If this is the case, says Adrian Goslett, the regional director and chief executive of Re/Max
of Southern Africa, interest rates would resemble the pre-Covid levels, of around 10% (prime), and therefore not be new to established homeowners. New owners who purchased properties while the interest rates were low might, however, struggle.
At its previous meeting, the MPC stated that the aim of policy was to stabilise inflation expectations more firmly around the mid-point of the target band
ANOTHER
hike looms for South African and homeownersfirst-timecouldbe under more pressure than others.
and increase confidence of hitting the inflation target in 2024.
“My concern is around the many first-time home buyers who entered the market when interest rates were at an all-time low and who might be unfamiliar with the fact that interest rates change often over the span of a 20-year loan term. For these kinds of homeowners, I would encourage them to do the necessary repayment calculations ahead of the next MPC meeting to make
Does this mean property is a good investment right now? Real estate agents believe so.
“A well-thought-out realestate purchase is always a sound investment decision and interest rates will eventually stabilise again. The sooner you are able to enter the market, the sooner you will benefit from owning an appreciating asset that can help you generate future wealth.”
Of course, if you buy the wrong type of property at the wrong time or in the wrong area, it would be a bad investment, but with the right advice, even inexperienced buyers can get it right, adds Shaun Dubois of Just Property Choice.
Features Fourie bronwyn.fourie@inl.co.za Stone kim.stone@inl.co.za
“Guiding inflation back towards the mid-point of the target band can reduce the economic costs of high inflation and enable lower interest rates in the future,” it said.
39 SEPTEMBER 2022 FIND US HERE: @iolproperty @iolproperty @iolproperty.co.za DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright ANA Publishing. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from ANA Publishing. The publishers are not responsible for any unsolicited material.
Design Kim
fact that interest rates change.
Writer Bonny
sure they can afford the higher repayments.”Goslettadds though that the pre-pandemic housing market was performing well, even with interest rates being at around 10%, and he therefore remains “optimistic” that the property market will “not be too badly affected by rising interest rates”.
The decision to hike the repo rate by 0.75% at the previous meeting, while uncomfortable, will help guide inflation back towards the 3% and 6%, says Carl Coetzee, the chief executive of BetterBond. This will allow the country to expect to see lower interest rates in the Sincefuture.the July meeting, Goslett says new data reveals that annual consumer inflation has reached another 13-year high, increasing from 7.4% in June to 7.8% in July.
“If you are an investor, it is best to invest in a property that will produce rental income year-round. Just make sure you understand all the costs associated with legal fees and are prepared for unexpected costs.”
He says homeownersestablishedwhoowned property before 2020 were able to afford the repayments at the higher interest rate and are probably used to the
Property investment is the most reliable way to generate income over the long term, says Yolanda Cornelius of Just Property Zululand and Dolphin Coast.
The increase could resemble pre-Covid levels, in which case people who bought property while the rate was low could suffer
Another month, another interest
vasantha@africannewsagency.com Executive editor Vivian
An announcement by the Monetary Policy Committee (MPC) is scheduled for September 22, and the repo rate could increase by as much as 0.5% – or more.
For those hoping to enter the market, he says rising interest rates should not deter them.
interest rate
To combat rising inflation, Goslett says: “We are likely to experience another big increase from the MPC in September, possibly somewhere between 50 basis point to a full percentage increase.”
BY BONNY FOURIE bronwyn.fourie@inl.co.za
4 9 SEPTEMBER 2022 TO ADVERTISE IN KWAZULU-NATAL Sherine Budhram 0 84 460 7295 sherine.budhram@inl.co.za Antoinette Gilbert 083 793 5382 TO ADVERTISE IN WESTERN CAPE Abigail Wilmot 083 212 1141 abigail.wilmot@inl.co.zaantoinette.gilbert@inl.co.zaTO ADVERTISE IN GAUTENG \PEXELSOLICHONPICTURE:ADRIEN National Listings
UCT,
RONDEBOSCH R1,1 MILLION
Small Security Complex. Two Spacious Bedroomed Apartment with lounge leading to large Balcony. Fitted Kitchen & Full Bathroom. *Parking Bay. Close to Dean Street Shops, Restaurant and Jammie Shuttle Stop.
Academic
RONDEBOSCH R4,995 MILLIONRONDEBOSCH R1,15 MILLION
CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA RONDEBOSCH R1,95 MILLION
59 SEPTEMBER 2022 CONTACT: RH ONDA C: 082 4 48779 5 T: 021 6 8 5 221 2 E : rr p sa l es@m web. c o.z a/ ww w. rh ond araa dp rop ert i es .co.z a RHON D A R AA D PRO PE R TI ES W e specia li se i n the S al es a nd Rent als of res i dentia l propert y i n the Southern Suburbs a nd Surrounds . Cont a ct u s t oda y f o r all y o ur Bu yi ng, Sel li ng an d Renta l need s on 082 448 7795 / 021 685 2212 . CONTACT US NOW: 082 448 779 5 Security Complex above Main Road. Large Three Bedroomed Apartment (127m²) with mountain views. Fitted Kitchen and Lounge with Balcony. *Plus Garage. *Close to UCT, Schools, Shops and Transport. ROND EBOSC H R1, 5 M I LL IO N Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower over Bath. Fitted Kitchen. *Garage. *Walk to Shopping Centres, Restaurants, UCT and Transport. Small Security Complex above the Main Road. Large modernised Bachelor converted to One Bedroomed Apartment (46m²) with Kitchenette, Built-in Cupboards and Balcony. Shower Bathroom. Walk to UCT, Jammie Shuttle, Shops & Transport.
Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower over Bath. Fitted Kitchen. *Garage. *Walk to Shopping Centres, Restaurants, UCT and Transport.
Large One Bedroomed pied-à-terre Apartment with Lounge and Balcony & Stunning Mountain Views. 24HR Security Shareblock Complex. Fitted Kitchen. Shower Bathroom. **Garage. **Catering & Cleaning Services. **Walk to Shops, Baxter Theatre and Library!
2-5PM *Devonshire
13
Jammie Shuttle, Main Road Shops & Transport. Security Complex Ecklenberg in pretty garden setting. Spacious Three Bedroomed Apartment (200m²) with Stunning Mountain Views. *Kitchen, Dining Room, Sun Room, Two Full Bathrooms, TV Lounge & Laundry Room. *Tandem Garage. *Close to Shops & RONDEBOSCHTransport.R5,3 MILLION CAVENDISH HEIGHTS R2,1 MILLION Charming Two Bedroomed Apartment (95m²) with Fitted Kitchen open to Dining Room
Toilet
Spacious Three Bedroomed Apartment (123m²) above the Main Road in pretty garden setting. Fitted Kitchen and Bathroom. *Parking Bay. Walk to UCT, / Lounge and Balcony with views. Full Bathroom and Sep Toilet. **Covered Parking Bay. **Walk to Kingsbury Hospital, Library, Restaurants, Jammie Shuttle, Shops and Transport!
WHITEHALL COURT R1,35 MILLION
Security Complex Ecklenberg in pretty garden setting. Spacious Three Bedroomed Apartment (200m²) with Stunning Mountain Views.*Kitchen, Dining Room, Sun Room, Two Full Bathrooms, TV Lounge & Laundry Room. Garage. *Close to Shops & Transport. Mile! Security Complex set in pretty garden setting. Bachelor Flat with open plan living area and ample cupboards. Galley Kitchenette and Bathroom with Bath, and Basin. to Jammie Shuttle, Baxter Theatre, Restaurants, Shops and Transport.
*Tandem
RONDEBOSCH R1, 5 MILLION
24HR Security Complex in Prime Position. Two Bedroomed, Two Bathroomed Apartment (92m²) with Two Balconies & Superb Views! Fitted Kitchen open plan to Dining Room and Lounge. Two Shower Bathrooms. **Two Parking Bays. **Close to all Amenities and City Centre. SHOW SUNDAY Hill, Grotto Road, Rondebosch.
WOODSTOCK UPPER R2,1 MILLION NEG. ON
**Walk
Pied-à-terre Bachelor Apartment in Small Road. Security Complex with Lift and Lovely Views! Open plan Living Room with Built-in Cupboards. Fitted Kitchen and Bathroom with Shower. *Plus and Balcony. Shower Bathroom. Walk to Rondebosch Shops, Doctors Rooms, Baxter Theartre and Transport.
6 9 SEPTEMBER 2022 dogongroup.com A visionary company with decades of experience DENISE DOGON 082 449 6608 VICKY ATLAS 083 447 1381 ADRIEN EPSTEIN 083 455 5661 CLIFTON - R28 MILLION WAKE UP TO THE SOUND OF THE OCEAN AND BREATHTAKING VIEWS Unique and spacious single level, top floor apartment on the water, offering 2 bedrooms both en-suite, with walk-in dressing rooms, study, kitchen with separate scullery, staff accommodation, double lock-up garage and 2 secure parking bays Open-plan living areas lead out onto a generous entertainment terrace with uninterrupted, magnificent views of the Clifton beaches and Twelve Apostles. Position - Views - Excellent Security... Who could ask for more Web Ref: RL12298 NATACHA NEUBURGER 083 449 9933 HEAD OFFICE 021 433 2580 V&A WATERFRONT - R55 MILLION PALATIAL PENTHOUSE Front Yacht Basin duplex penthouse with over 500m2 of delightful living space spread over two floors with high ceilings, huge terraces and unsurpassed views. 3 En-suite bedrooms, 2 study areas, staff accommodation, 3 parking bays and a storeroom This is one of the largest and most prestigious properties in the Marina, offering huge entertainment spaces and a multitude of terraces. Own private Yoga deck. Stunning Yacht Basin and Table Mountain views EXCITING NEW RELEASE EXCITING NEW RELEASE Web Ref: RL12306
79 SEPTEMBER 2022 A visionary company with decades of experience Rentals 021 433 2580 CAMPS BAY - R18.95 MILLION V&A WATERFRONT - R36.8 MILLION NEW RELEASE NEW RELEASE CHOICE SELECTION OF CAPE TOWN’S DEVELOPMENTS DUPLEX WITH PRIVATE GARDEN Secure 2 bedroom duplex apartment in well maintained complex with a gorgeous 25m2 terrace. Good security, pet friendly and 2 parking bays HARFIELD VILLAGE - R1.595 MILLION ALISON ROBB 082 956 9506 Web Ref: RL12294 YOUR TICKET TO STATION HOUSE Blend of functionality interiors with stunning design & decor. On the border of Fresnaye, Sea Point & a stone’s throw from beachfront. VAT Incl. - No Transfer Duty STATION HOUSE FRESNAYE - R3.73 MILLION SERRYN PRYTZ 082 770 7680 Web Ref: RL10843 EXCLUSIVE LIVING Perfect as a work-from-home sanctuary, this studio apartment offers a range of beautifully appointed open-plan accommodation. VAT Incl. - No Transfer Duty THE CLIFFORD SEA POINT - R1.65 MILLION SERRYN 082 770 7680 JAMES 082 485 2702 Web Ref: RL11975 SPACE THAT MATTERS Created for the modern lifestyle, The Ivory features 31 micro-apartments designed around the concept of compact living. VAT Incl. - No Transfer Duty THE IVORY SEA POINT - R1.55 MILLION LEAH 082 608 3388 KEAGAN 082 902 8202 Web Ref: RL10738 MAGNIFICENT 5 BEDROOM HOME This magnificent Plantation style home welcomes you to effortless living. This beautiful 5 bedroom home offers generous light & height with great proportions. Tranquil views to the park, mountains & partial sea views. Good security & double garage MAGNIFICENT PEMBROKE APARTMENT This stunning apartment includes a spacious living room & dining area opening onto a terrace with private garden & swimming pool facing the Yacht Basin. 3 Bedrooms (all en-suite) with magnificent sea views. 2 Parking bays & storeroom ANDI ASHTON 062 664 0296 NATACHA NEUBURGER 083 449 9933 Web Ref: RL11943 Web Ref: RL12302 NEW RELEASE LUXURY LIVING This 2 bed unit has been designed to a phenomenally high standard and offers an open-floor plan, large windows and an elegant kitchen with Smeg appliances GREEN POINT - R4.995 MILLION (VAT INCL. - NO TRANSFER DUTY) KEAGAN 082 902 8202 JAMES 082 485 2702 Web Ref: RL12304 NEW RELEASE SET ON THE SLOPES OF SIGNAL HILL A luxury 2 bedroom, 2 bathroom apartment in sought-after position, offering guaranteed, uninterrupted views. Excellent security & 2 parking bays SEA POINT - R12.45 MILLION (VAT INCL. - NO TRANSFER DUTY) NATACHA 083 449 9933 SERRYN 082 770 7680 Web Ref: RL12300 NEW RELEASE
8 9 SEPTEMBER 2022 BALLITO | KWA-ZULU NATAL | SOUTH AFRICA Michelle Blackburn 084 788 1020 michelle@balwin.co.za Hills Ave, www.balwin.co.zaBallito *Terms & Conditions Apply 38 International Property Awards Latest Awards 2-6pm | Wed, Sat, Sun & All Public HolidaysOn Show SCAN ME to view the latest Brochure GREEN BOND 20 YEAR SAVINGS!* MASSIVE STUNNING 1, 2 & 3 BEDROOM APARTMENTS FOR SALE! 1 BED 1 BATH 2 BED 2 BATH 3 BED 2 BATH from from from R1 399 900* R1 949 900* R2 499 900* GREEN BONDS PADEL COURT OPENING - 17 SEPTEMBER!
99 SEPTEMBER 2022
10 9 SEPTEMBER 2022
119 SEPTEMBER 2022
12 9 SEPTEMBER 2022
139 SEPTEMBER 2022 LIVE THE LIFE YOU'VE IMAGINED FROM R1 550 000 NO TRANSFER DUTY LEISURE LIFESTYLE ESTATE FOR OVER 50s BOOK AN ESTATE TOUR / CALL 079 046 1441 / GREENHAVENESTATE.CO.ZA KLOOF / PADFIELD PARK With over 50% of the estate now sold out, Greenhaven Estate recently launched 63 new sectional title opportunities in two new development phases. Available in six different size and layout design options, these spacious two and three-bedroom single-level units, feature contemporary country-style architecture, and a selection of modern finishes. From 24-hour security, natural wetlands, a Care Centre with assisted living facilities, and a clubhouse with a resort swimming pool, bowling green, gym, bar, and restaurant - Greenhaven Estate offers you a secure leisure lifestyle with everything you could ever possibly need right on your doorstep. NEWLY BUILT 2 & 3 BED SECTIONAL TITLE HOMES KZN's Premier Over 50s Lifestyle Estate JUST LAUNCHED SOLDOVER 50%
14 9 SEPTEMBER 2022 The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 505, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above properties are subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer. In terms of the POPI Act, our contact details have been stated in this document. By responding to such, you hereby opt in for future marketing communication via email, mobile and WhatsApp. Email optout@in2assets.com to be removed from all future communication. CONTACT US FOR MORE INFO: 0861 444 769 info@in2assets.com www.in2assets.com 063 500 1652 27 PROPERTIES ON AUCTION - 22 SEPTEMBER 2022 Auction Date & Time: 22 September 2022 | 11h00 | Auction Venue: Mount Edgecombe Country Club, Gate 2, 1 Golf Course Drive, Mount Edgecombe | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller ± 3 700 M² RETAIL AND COMMERCIAL FACILITY IN DURBAN CBD 181 Anton Lembede (Smith) Street, Durban CBD Ground Floor Retail: ± 2 000 m² Upper Floors Workshops, Offices & Storage: ± 1 700 m² Vehicular ramp access to upper floors | Existing National Car Dealership Premises (Thekwini Motors) | Partly tenanted: 1 Year lease 2 X UPMARKET JOINT PROPERTIES WITH 23 ROOMS 11 Ferndale Road & 33 Nimmo Road, Morningside Property 1 – 11 Ferndale Road - Site Extent: ± 1 236 m² | 11 En-suite Bedrooms 11 Secure parking bays | Property 2 – 33 Nimmo Road - Site Extent: ± 2 044 m² 12 En-suite Bedrooms fully equipped for guest accommodation | 11 Secure parking bays Both properties fully equipped for guest accommodation | Sold individually or combined ± 1 200 M² WAREHOUSE & RETAIL SHOPS/OFFICES IN PROSPECTON INDUSTRIAL 38 Prospecton Road, Prospecton Industrial Site Area: ± 1 970 m² | Zoned: Limited Commercial Corner Site with excellent exposure Double volume warehouse/factory facility 25 Onsite Parking bays Frontline shops/ offices plus further offices on first floor Can accommodate 8 tenants Sold partly tenanted INDUSTRIAL PROPERTY WITH HIGH POWER 24 Halifax WestmeadRoad, GLA: ± 5 394 m² | Large Yard | Separate configurations Ample off-street parking & offices ± 300 HA GAME FARM, ADVENTURE CAMP & TRAINING FACILITY IN LIMPOPO ± 17.5km from Mookgopong along the P165, Mookgopong Total Extent: ± 300 Ha | 4 Dams, 2 boreholes, and a weir on the Sterk River Training facilities: Workshops, Classroom, Kitchens, Dining Rooms Accommodation: Capacity for 300 plus students 2 BEDROOM APARTMENT ON DURBAN BEACH FRONT Section 119 (Door 1405) Golden Sands, 95 Snell Parade, North Beach Extent: ± 75 m² 2 Bedrooms 2 Bathrooms Tenanted Gross Annual Income: ± R96 K ± 21 000 M² VACANT LAND CLOSE TO UKZN Erf 3054 Westville Extent: ± 2.1727 Ha | ± 5 Km From UKZN | ± 4 km From Westwood Mall Easy Access to M13 , King Cetshwayo Highway INDUSTRIAL WAREHOUSING 30 Barracuda Road, Wadeville, Johannesburg Extent: ± 2 269 m² Industrial warehouse Good yard and ample power ± 40 HA FARM & POTENTIAL DEVELOPMENT SITE ± 4,5 km from the N2, Northern Bank, Tugela Mouth Total Extent: ± 40 Ha| Tugela River forms the southern boundary Potential development site Beautiful views of the river mouth, and sea Easy access from the N2 highway ± 4 000 M² WAREHOUSE FACILITIES IN SPRINGFIELD PARK 176-186 Rochdale Road, Springfield Park Total Site Extent: ± 5 300 m² | 2 x Warehouses | Excellent Height, Mezzanine Levels, Admin offices | Yard Areas: ± 5 500 m² | Sold Vacant Occupation COMMERCIAL BLOCK WITHIN BALLITO BUSINESS PARK Corner of Moffat Drive & Stewart Drive, Ballito Business Park, Ballito Site Extent: ± 1 800 m² | Gross Lettable Area: ± 3 500 m² | 5 Storey building 60 Parking bays | 61 Drywall partitioned offices Potential for conversion to showroom/shops with offices HIGH EXPOSURE MANUFACTURING FACTORY 16 Trafford Road, Westmead Extent: ± 3 599 m² Yard:± 1 470 m² High exposure site | Large power supply Good access & great height | The adjacent property is also available RESIDENTIAL DEVELOPMENT OPPORTUNITY 46 Edgeley Road, Durban North Extent: ± 3 887 m² GBA: ± 475 m² | Flat development land | Zoned Special Residential 400 | Possible 9-unit development opportunity | Located in sought-after Durban North HIGH EXPOSURE COMMERCIAL PROPERTY 45 Adelaide Tambo Drive, Durban North Extent: ± 1 269 m² GBA: ± 382 m² | Double Story offices | High exposure position next to Spar | Ample off-street parking RESIDENTIAL LAND IN GATED ESTATE HARTBEESPOORT ErfDAM285 Kosmos Ridge, North West Extent: ± 2 928 m² Residential development site | Gated estate | On the banks of Hartbeespoort Damfloors STAND ALONE WAREHOUSE WITH GOOD HEIGHT 41 Cordova Close, Briardene Extent: ± 3 703 m² ± 1 000 m² Warehouse | Stand alone with decent yard | Great height Fantastic, high demand area 2 BEDROOM APARTMENT ON DURBAN BEACH FRONT Section 100 (Door 133) Marine Sands, 237 O R Tambo (Marine) Parade, North Beach Extent: ± 56 m² 2 Bedrooms 2 Bathrooms 1 Under cover parking bay | Tenanted | Gross Annual Income: ± R102K WELL POSITIONED INDUSTRIAL PROPERTY Section 2 SS 57 Gillits Road, Westmead Extent:± 1 396 m² Yard: ± 1 590 m² Large power supply Good access & great height The adjacent property is also available ± 2 700 M² INDUSTRIAL PROPERTY IN CONGELLA 28-32 Che Guevara (Moore) Road, Congella Site Area: ± 1 362 m² | Ground Showroom, offices & Workshop: ± 1 450 m² | Ramp and Lift access to first | floor | First Floor Workshop: ± 1 000 | Residential/Office: ± 250 m² | Sold vacant occupation | Potential Gross Annual Income: ± R2.2 Million DOUBLE STOREY OFFICE Section 1002 Pebble Beach, Sibaya Extent: ± 126 m² Secure complex | Fantastic visibility Close to amenities | 7 Exclusive use undercover bays RURAL RETAIL DEVELOPMENT SITE Corner of Marina Street & South Africa Drive, Cosmo City, Johannesburg Extent: ± 5,71 Ha | Rural Development Land | Fuel station, retail & residential opportunity High Exposure corner site Brilliant position ± 7 000 M² OF MULTI-LEVEL WAREHOUSES/FACTORIES 332 - 336 South Coast Road, Rossburgh 5 Levels of ± 1 400 m² each | Power Supply: ± 125 AMPS per floor | Ground – Covered Basement (Height: ±4.1 m) | Slabbed Roof 2 Goods Hoists to all levels 1 x Passenger lift | Access off 2 roads Upper Floors - Sold vacant occupation 2 X BACHELOR APARTMENTS ON DURBAN BEACH FRONT Section 29 (Door 201) & Section 32 (Door 205) SS Marlborough, 27 O R Tambo (Marine) Parade, South Beach Extent: ± 39 m² each | 1 Bedroom 1 Bathroom | Kitchen | Tenanted Combined Gross Annual Income: ± R111 K | To be offered individually & combined 2 X UPMARKET 3 BEDROOM HOMES ON 1 PROPERTY 490 Musgrave Road, Musgrave Extent: ± 857 m² 2 x 3 Bedroom homes All en-suite bathrooms Fitted kitchens Domestic quarters | 1 x Double garage | 1 x Outbuilding 3 STOREY INDUSTRIAL BUILDING 105 Sydney Road, Congella Extent: ± 1 342 m² GBA: ± 3 980 m² | 2 Road frontages | Goods hoist services all floors | Vehicular access to ground floor | End-user opportunity 3 BEDROOM DUPLEX WITH GARDEN Section 11 SS Grantham Park, 28 Hunters Way, Umgeni Park Extent: ± 167 m² Sought-after complex | Night guards | Close to amenities | Nearby the Soofie Saheb Mosque WILDLIFE CONSERVATION IN BOTSWANA Tuli West BotswanaConservancy, Extent : ± 2 569 Ha | 20 Stands available, sold as one lot Private Lodges | Option to sell portions as lodge developments | Premium stands with exceptional game viewing VIREND | 071 383 1735 VIREND | 071 383 1735 VIREND | 071 383 1735 LUKE | 071 351 8138 TOM | 083 636 7800 MUHAMMAD | 079 458 4256 MUHAMMAD | 079 458 4256 ROSS | 082 923 9277 TOM | 083 636 7800 VIREND | 071 383 1735 VIREND | 071 383 1735 LUKE | 071 351 8138 LUKE | 071 351 8138 LUKE | 071 351 8138 ROSS | 082 923 9277 LUKE | 071 351 8138 MUHAMMAD | 079 458 4256 LUKE | 071 351 8138 VIREND | 071 383 1735 LUKE | 071 351 8138 ROSS | 082 923 9277 VIREND | 071 383 1735 MUHAMMAD | 079 458 4256 MUHAMMAD | 079 458 4256 MUHAMMAD | 079 458 4256 LUKE | 071 351 8138 ROSS | 082 923 9277 LIQUIDATIONINNORTHSIDEELECTRICAL
159 SEPTEMBER 2022 www.iolproperty.co.za PROPERTY 360AGENTS’ DIRECTORY DOGON GROUP PROPERTIES Atlantic Seaboard Office 021 433 thekings@dogongroup.com2580 SeaDOGONwww.dogongroup.comGROUPRENTALSPoint Office 021 433 enquiries@dogongroup.com2580 DOGONwww.dogongroup.comGROUPPROPERTIES Southern Suburbs, Claremont Office 021 671 southernsuburbs@dogongroup.com0258 DOGONwww.dogongroup.comGROUPPROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 enquiries@dogongroup.com2580 www.dogongroup.com RHONDA RAAD PROPERTIES Cape Town Office 082 448 7795 Email: rrpsales@mweb.co.za THEwww.rhondaraadproperties.co.zaWOODLAND Umhlanga Office 081 281 3960 Email: info@woodland.co.za PETwww.woodland.co.zaERMASKELLAUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za WIDENHAM RETIREMENT VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612 www.widenhamretirementvillage.co.zawww.hibiscusrv.co.za BALWIN PROPERTIES Ballito Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za SHELLEY RESIDENTIAL KZN Office 082 412 4463 Email: hello@shelley.co.za SERENITYwww.shelley.co.zaHILLSECO ESTATE KZN, South Coast Office 073 142 8292 Email: home@serenityhills.co.za CAPENOBLEwww.serenityhills.co.zaRESORTSTOWN 010 612 sales@nobleresorts.co.za6060 www.nobleresorts.co.za
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