Business Day Home Front 05 December 2014

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FRIDAY, DECEMBER 5 2014

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ARRESTED

BY FLAVOUR AND HISTORY

DIRECT FROM DEVELOPERS — PROS & CONS

DEEDS OFFICE HOLDING UP SALES?

HOLIDAY HOMES IN THE SNOW

Can this be true?

This year has been characterised by estate agents reporting buoyancy amid stock shortages. But is there really a stock shortage or are they just hyping up the market?

WORDS: DAVID A STEYNBERG :: PHOTOGRAPHS: GETTY, PAM GOLDING PROPERTIES, SEEFF

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“We have a buyers waiting list of about 2,500 people” Steve van Wyk, MD, Seeff Centurion

ccording to figures supplied by online portals Property24 and Private Property, as well as by estate agents scattered across the country, there are about 250,000 homes listed across SA in the price band up to R2.5m. In estate agents’ view, the situation is bleak.

Steve van Wyk, MD of Seeff Centurion, calls it the worst stock shortage ever experienced. Says Van Wyk: “We have a buyers waiting list of about 2,500 people.” Properties in this price band make up 90% of this stock, he says.

The metros are where the biggest stock shortages are reported by agents, but Property24 states that in the R2.5m-and-below price band, Cape Town lists at more than 13,000, Durban at 10,000, Pretoria at 33,000 and Johannesburg at 17,000.

According to Private Property, about 70% of its listed stock falls within this price band and more than half are in the major hubs.

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MAJESTIC A word that conjures up regality.

One of stately dignity. It defines what is awe-inspiring, a landscape that takes your breath away with its vastness.

It is sky high mountains, neverending water and green pastures as far as the eye can see.

SEARCH FOR YOUR OWN “MAJESTIC” AT sothebysrealty.co.za

Each office is independently owned and operated

LIFESTYLE

December 5 2014

Pearl Valley, Cape Winelands

LIFESTYLE

Swingers’ club Do holidays differently this year: pack the clubs and see how many of these greens you can tee off from in two weeks. Go on, we dare you

Jack Nicklaus does love a good bunker, so it is no surprise that there are more than 80 sandy hazards to steer clear of on this winelands track laid out by the “Golden Bear”.

Always in tip-top condition, the careful layout of every hole ensures you barely notice the course is on an upmarket estate, and there are views of the surrounding mountains

throughout the round.

Few others will make you linger quite as long.

Leopard Creek, on the banks of the Crocodile River bordering the Kruger National Park, is as perfectly manicured as the setting is wild. Don’t be surprised if you spot an elephant or buck as you wander the fairways.

Billed as a “supreme representation of African golf” by Golf Digest, this Gary Player-designed course should be at the very top of your bucket list.

SIGNATURE HOLE: the 505m par-five 13th, with its elevated riverside green offering memorable views across into the Kruger.

SIGNATURE HOLE: the 191m par-three 13th, with a water hazard and greenside bunker guarding the pin.

NEED TO KNOW: after your round, try the signature golf ball massage at the clubhouse spa. www.pearlvalley.co.za

WORDS: RICHARD HOLMES :: PHOTOGRAPHS: SUPPLIED

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ired of your usual Saturday round at the club down the road?

Whether you’re a weekend swinger or a committed low handicapper, these 18-hole golf courses rank among the finest SA has to offer.

Fetch the hammer and the piggy bank.

Elements Private Golf Reserve, Limpopo

Leopard Creek, Mpumalanga

NEED TO KNOW: Leopard Creek is a members-only club, but limited tee times are available to guests staying at local lodges. www.leopardcreek.co.za

A superb design by prolific golf course architect Peter Matkovich coupled with the remarkably untouched bushveld setting makes this a memorable safarigolf outing just a few hours from Johannesburg.

There is water and sand aplenty, so you will need careful course management and a judicious hand on the driver to make it round with a low score.

SIGNATURE HOLE: they are all impressive, but the challenging par-three ninth is especially memorable.

NEED TO KNOW: the reserve’s two- and four-bedroom self-catering golf lodges will encourage you to make a weekend of it. www.elementspgr.co.za

Leopard Creek, a private course on the banks of the Crocodile River bordering the Kruger National Park, is as perfectly manicured as the setting is wild

LIFESTYLE December 5 2014

Fancourt Estate, Garden Route

RESTAURANT

Light meal on a hill The new café at Constitution Hill breathes fresh life into the concept of a museum restaurant WORDS: GRAHAM WOOD :: PHOTOGRAPHS: SUPPLIED

“Fancourt is the ideal long weekend escape for keen golfers”

With three courses to choose from, Fancourt is the ideal long weekend escape for keen golfers. The Outeniqua and Montagu courses are traditional parkland layouts that offer a challenging yet forgiving round for mid and high handicappers, but it’s the Links that will haunt any keen swinger.

Gary Player called it his “greatest achievement as a golf course designer”, and its rolling fairways, deep grassy rough and lightning-fast greens will

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he cafés and restaurants at museums, art galleries and other places of interest tend to be pretty dismal.

Since they have a captive audience, the incentive to produce fresh, delicious, well-presented fare isn’t really there, and visitors are left with the impression that the curators think the site should suffice. After all,

you didn’t schlep to an art gallery for a meal, did you?

It is as if the mediocrity of the eateries is a reprimand for succumbing to the base desires of hunger and thirst when you ought to be concentrating on history, art and culture. It seems it has never occurred to anyone that a museum café might have the potential to complement or even enhance the visit.

inspire and intimidate in equal measure. It becomes frighteningly tricky when the wind is blowing.

SIGNATURE HOLE: the 15th, dubbed “Roon the Bend”, a tricky par-four with a wetland stretching teeto-green down the left.

NEED TO KNOW: it is a private course with tee times available to hotel guests.

Carts are not allowed, and caddies are compulsory. www.fancourt.co.za

Well, the Hill Café, a recent addition to the courtyard at the Old Fort on Constitution Hill, sets that to rights.

The café has been designed as a lit-up pavilion floating on a wooden deck that extends from the old warden’s office. Just the sight of it is refreshing. Its zigzag roofline and detailing give it impact, while its lightness and temporality defer to the site, a way of paying respect through contrast, which opens a space for it to be utterly contemporary.

It was designed by Local Studio, a relatively new architecture studio that specialises in socially and historically significant sites.

The designers have struck upon an approach that has a respectful lightness of touch while retaining flair.

The attention to detail carries through to the decor, the logos and the menu. The slogan “Free to Stay” captures the spirit of the place: the inversion of freedom-as-escape riffs on the way Constitution Hill itself symbolises how oppression can be reborn as the very grounds of freedom.

The gastro-pub-meetsbistro menu includes pulled-pork sandwiches, burgers, sticky ribs and the like. There is craft beer, of course. As far as possible, everything is local and homemade, even the tomato sauce. Wooden planters have been integrated into the outdoor seating and filled with herbs and vegetables that make their way into the meals. There are six varieties of mint for the mojitos.

There are chessboards inside, ping pong outside and free Wi-Fi for work.

There’s even a chance you might eventually tear yourself away from the café and have a look around the prison or art collection.

The Hill Café is a product of the Awethu Project, an entrepreneurial incubator based at Constitution Hill.

It is open from Monday to Friday, and can be hired for events and functions. Call 081 756 9124 (Vince) or 082 415 3747 (Anthony) for bookings, or e-mail vince@thehillcafe.co.za.

Gary Player Country Club, Sun City Home to the annual Nedbank Golf Challenge, this is the iconic must-play course at Sun City. Generous fairways make it accessible to mid handicappers, but veer too far into the unforgiving rough and you will be stocking up on Pro V1s at halfway. Stretching close to 7,000m off the back tees, the Gary Player course at Sun City is one where you will want to be on good terms with your driver.

SIGNATURE HOLE: the par-five ninth, with its island green reachable in three. Just.

NEED TO KNOW: the course is closed on Mondays, but the Lost City course is still open for play. www.suninternational.com

The Gary Player course at Sun City is one where you will want to be on good terms with your driver

PUBLISHED BY THE CREATIVE GROUP IN ASSOCIATION WITH TMG

CEO, The Creative Group: Shaun Minnie shaun.minnie@thecreativegroup.info

Unit G4, Old Castle Brewery, 6 Beach Road, Woodstock, 7925 021 447 7130

EDITORIAL TEAM Editor: David A Steynberg david.steynberg@gmail.com Creative Director: Mark Peddle

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BusinessDay PUBLICATION

Editorial Consultant: Bridget McNulty Chief Copy Editor: Yaron Blecher

ADVERTISING SALES Michèle Jones Sarah Steadman Yvonne Botha Susan Erwee Bradley Sparks Jackie Maritz

michele.jones@pamedia.co.za sarah.steadman@pamedia.co.za yvonne.botha@pamedia.co.za susan.erwee@pamedia.co.za bradley.sparks@pamedia.co.za jackie.maritz@pamedia.co.za

084 246 8105 (Sales & Marketing Manager) 082 334 4367 JHB (Property) 082 563 6685 JHB (Lifestyle) 083 556 9848 (Western Cape) 073 666 3842 (KwaZulu-Natal) 078 133 5211 (Garden Route)

LOCAL NEWS December 5 2014

CONTINUED FROM PAGE 1

Can this be true?

Says Pam Golding Property Group CE Andrew Golding: “We have seen a buying need in 2014 as follows: in the price range from R1.5m-R3m, a count of about 35,557 (34%); R800,000-R1.5m, a count of 27,950 (27%); and R400,000-R800,000, a count of 12,010 (12%).

However, it needs to be emphasised that not all these buyers are ready to transact at this time.”

Seeff agents report a major stock shortage in the Cape’s Southern Suburbs, the Atlantic Seaboard, the City Bowl and the CBD, as well as in the Blouberg/Big Bay area and Somerset West.

The agency has more than 33,000 properties listed on its website.

Says Seeff chairman Samuel Seeff: “Waiting buyers now outnumber stock by anything upwards of three to one and up to seven to one for units priced below R1.5m in areas such as the CBD and Sea Point.

“Our high-demand areas are reporting a reduction in housing stock of up to 40% over the past 18 months, attributable to a rally on the buying side, especially since about mid-last year and into this year.”

Many sellers are holding on to their properties, while potential sellers may well be hoping for a turn for the better in house prices.

Says Seeff: “The economic climate is just not conducive to large-scale price growth beyond the current 8% on average, although the hot spots, such as security estates and sectional title property and many high-end areas, have seen growth over the past year well in excess of this.”

This view is backed up by FNB household and property sector strategist John Loos, who doesn’t believe the housing bubble has quite burst and that downward house price inflation is on the cards.

“The residential market will need to undergo a slow downward longterm real price correction,” Loos said at FNB’s 10 Years of Property Barometer briefing. “That may not happen just yet, with the market still looking very well balanced, demand being solid and supply relatively constrained as we head towards 2015.”

Relief on the supply side would help fill the housing gap as well as contribute to a lowering of prices. This was already occurring, with StatsSA reporting a 20% year on year increase in residential building plans passed in the third quarter of 2014.

“The FNB/BER Building Confidence Index for residential contractors has been steadily rising in recent quarters to well above the breakeven 50 level, which is on a scale from 0 to 100; this signals that the majority of contractors are satisfied with business conditions in the sector,” says Loos.

“The forecast highlight for the property sector in 2015 is a solid 23.6% projected growth in square meterage of residential building completions for the year as a whole, following on a fairly flat growth situation in 2013 and 2014.”

Stock shortages may be a thing of the past within the next 24 months. Until then, however, buyers have in the region of 250,000 homes to choose from.

From the agent’s mouth “Over the past year there have been fewer properties on the market. This seems to be turning as more homes come onto the market.” Dana Davis, Jawitz Sunninghill, Paulshof and Barbeque Downs

“Buyers are still under the impression that great value exists in the market, but in this price range properties are trading regularly and the market is competitive.

The value that existed a

few years ago is no longer available. Buyers are looking for three bedrooms, two bathrooms, a double garage and three receptions.”

David Inge, Seeff Bedfordview and Edenvale

Living large I’m not sure why I found this surprising, but nudists look for a lot of features that normal — sorry — clothed people do.

When the entire neighbourhood is butt naked, you’d think privacy would not be an issue, but it is…

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uying Naked. No, it’s not a reference to stripping back the ins and outs of real estate to their bare minimum; it’s a show on the Home Channel about a “nudist real estate expert” based in — where else? — Florida, USA. Fortunately, “nudists may have no clothes, but they have very deep pockets”, which is why young (and impossibly buff) nudely weds come to her when they have a cool halfmillion dollars tucked into their… Well, suffice to say it’s somewhere safe.

Couples in these resorttype complexes with shared pools, bars, restaurants and

“Approximately 70% of our listed properties at the moment are under R2.5m.

A large number of these are in the sectional title market” Tony Ketcher, Seeff Randburg

WORDS: KATY CHANCE

gyms are exhorted to “Skip the outfit, wear the lifestyle”.

Consequently there are many joggers and tennis players living large under the Miami sun in their high-street (compulsory) tennis shoes, but I can’t help feeling that the occasional jockstrap or sports bra would prevent bruising and headaches. The homes all have rolling lush front lawns in which nubile nude women are strapped into powerful leaf blowers because they enjoy doing “yardwork”. Right.

Taking the trash out nude is fine, as is walking your dogs, cycling, playing golf, grabbing a cocktail and swimming, but

nudist etiquette dictates that, around the common pool area, one must always places a clean towel on the seat before sitting. Surprisingly, nude women still need large walkin closets; they have a lot of shoes that they show off at the communal wet bar where the sign reads: “No shirt, no skirt, no problem.”

I’m not sure why I found this surprising, but nudists look for a lot of features that normal — sorry — clothed people do. When the entire neighbourhood is butt naked, you’d think privacy would not be an issue, but it is: nudists are people too, after all. The expert agent declares that

“letting your shrubbery grow” is the best way to ensure privacy. And shrubbery isn’t a euphemism for anything; she really does mean their bushes.

They want open-plan entertainment areas, as they have a lot of friends and family and, as ever, large and user-friendly kitchens (the correct distance between the hob and knob is essential).

Nudists can really scare the hell out of pizza delivery guys, so they seldom order in. They also scare young pool boys, one of whom thought nobody was home when he arrived to the surprise of the potential buyers. “I did not expect to see a naked woman — today’s

been a good day.” He could not stop smiling. “And it’s payday too!”

Some of the rules for nudists seem a little obvious, even to the clothed; to wit: “Sand down raw-wood surfaces and edges”; “Kitchen countertops should be higher than your genitalia”; “Grind down any sharp corners”; “Handshakes are preferred — no hugging, please” and “Don’t bring a cactus as a house-warming gift”.

Some of the rules none of us could have seen coming: “Petfriendly nudist-proof your dog by filing down their nails.”

As for furniture rules, white leather couches are out.

NEWS December 5 2014

Short-term lets work for Cape CBD

Foreigners are net sellers of property

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n increasing number of investors in Cape Town’s CBD are renting out their properties on short-term leases.

This is according to Lanice Steward, managing director of Knight Frank Residential SA. “Whereas in the past it was almost a given that investors would be looking for long-term rentals, there are more and more investors realising the benefit of offering short-term lets,” she says. “This is due to the high cost and lack of availability in some areas of

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here has been a rise in the number of foreign buyers of prime residential property in the South African market, says Pam Golding Property Group CE Andrew Golding.

While Europeans remain prominent, buyers from East, Central and West African countries are increasing.

In the past 12 months the purchase value of South African property bought by foreigners totalled R9.7bn, representing 53% cash sales and 47% bonded (foreigners may borrow up to a maximum of 50%).

More than 8,000 transactions involving foreigners were tracked between 2013 and 2014, of 280,395 registrations nationally.

Says Golding: “This is an important number in terms of this country’s need for foreign direct investment and this inflow is often shrugged off by detractors of foreign property ownership.

“Yet the government report in 2007 by the

panel of experts on the development of policy regarding land ownership by foreigners in SA noted that the UK has no restrictions on foreign ownership and that such ownership is encouraged in order to attract direct foreign investment.

“During the period in which foreigners bought properties worth R9.7bn, foreign owners were net sellers in the market, which totalled R11.3bn.”

Foreigners own about 3% of total land property in SA, according to the deeds office.

In the UK that figure is 15%.

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More than 8,000 transactions involving foreigners were tracked between 2013 and 2014

Atlantic Seaboard and City Bowl set for a hot summer

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eal estate agents in the premier property belt of the Atlantic Seaboard and City Bowl are expecting an exciting summer sales season.

“Buyer enquiries across our offices are up, both from local holiday buyers and foreign buyers,” says Ian Slot, Seeff’s managing director for the areas. “Judging by

African buyers active in Midrand here has been an influx of Zimbabwean, Mozambican and Congolese buyers in Midrand, many of whom are employed on long-term contracts.

Emma Ledwaba, principal of the RealNet Midrand South franchise, says foreign buyers prefer homes in secure complexes or estates and will typically pay up to R1.5m for a home.

Freehold homes on larger stands and priced between R1m and R1.5m are popular

hotel accommodation, and the better flexibility that selfcatering affords.”

Steward says a fully furnished, two-bedroom apartment could be let for R4,000 a night currently, especially those aimed at executives.

Traditional long-term rental there would typically provide a return on investment of 6% to 8% a year, while short-term lets of 170 days a year (with the above rental mentioned per night) could be approximately 12% to 14%, she said.

among local buyers with young families, while newly employed young buyers are targeting flats priced from R400,000 to R550,000 and townhouses priced up to R850,000.

“All this activity is keeping the local market buzzing, even though many young buyers are still struggling to get bonds.

Prices are also holding steady because supply is still lagging behind demand here,” says Ledwaba.

“All this activity is keeping the local market buzzing, even though many young buyers are still struggling to get bonds” Emma Ledwaba, principal of the RealNet Midrand South

the increased foreign and holiday sales over the last summer, we anticipate more of the same in the next few months.”

In addition to a 20% increase in holiday home buying in October 2013 to April 2014, foreign buyers pumped R745m into the region compared with the preceding 2012-13 season.

ADVERTISING FEATURE December 5 2014

Style meets substance at WAM Sandton

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nspired by its vibrant location, WAM Sandton is an innovative lifestyle development in Morningside that caters to the energetic executive’s 360-degree demands.

A single location in which to live and play, this 102-unit development is designed to strike the perfect balance between a luxurious apartment building and a stage for a stylish and contemporary lifestyle.

Over and above its design-forward apartments, WAM Sandton emphasises exceptional services and lifestyle facilities, including reception and a concierge, executive meeting rooms, a gym and

WAM Sandton’s executive apartments on Rivonia Road will redefine Morningside’s high life with its cuttingedge luxury lifestyle concept and views to match

a trendy restaurant and bar leading onto an outdoor pool with deck and loungers with incredible views.

“These apartments represent a new benchmark in Sandton’s urban culture,” says Lynn Petzer of Lynn Estates, which is marketing WAM Sandton. “They were conceived with an emphasis on comfort, atmosphere

and service as well as contemporary luxury.”

Lynn Estates has 26 years’ specialist experience in high-end developments in the Sandton area. Its landmark projects include the Michelangelo Towers, the Raphael Penthouse Suites, Sandhurst Towers and Sandton Skye. LobProp Investments and Nedbank,

“These apartments represent a new benchmark in Sandton’s urban culture. They were conceived with an emphasis on comfort, atmosphere and service” Lynn Petzer, Lynn Estates

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ADVERTISING FEATURE December 5 2014

well known for their commercial developments, including a number of prime shopping centres, are the financiers and developers of WAM Sandton.

With placemaking architecture by AMA Architects, WAM Sandton’s refreshingly modern apartments have private balconies offering spectacular cityscapes.

The option of a bespoke interior design service is offered exclusively by Jayd Designs, a subsidiary of Lynn Estates.

Residents’ access to WAM Sandton will be particularly quick and convenient in this bustling setting, as the developers are building a dedicated direct-access ramp from Rivonia Road.

“It took two years of planning to secure this unique dedicated access to WAM Sandton,” says Petzer. “It will add enormous convenience for the kind of high-energy, fast-paced executive lifestyle we envision residents will lead.”

WAM Sandton also offers a convenient pedestrian link to an adjacent retail centre, providing easy access to shops, restaurants, a pharmacy and more, and it is just minutes away from Morningside Shopping Centre, a Virgin Active gym, Sandton City and the Gautrain station.

WAM Sandton executive apartments present an excellent opportunity for the investor.

A typical two-bedroom unit starting at R2.395m

will achieve an estimated rental of R19,500 to R24,000 a month. Lynn Estates will offer lifestyle management services through the online services solutions enterprise Bconnect. Developers will break ground in the second quarter of 2015.

WAM Sandton is 70% sold.

WAM SANDTON HIGHLIGHTS The 102-unit luxury apartment building at 255 Rivonia Road, Morningside, will offer: Exclusive direct ramp access from Rivonia Road Exclusive one- and two-bedroom en-suite apartments and spectacular three-bedroom penthouses Basement parking Reception and concierge Executive meeting rooms Trendy restaurant and bar, outdoor pool with deckchairs and spectacular views Fitness centre Wi-Fi Laundry and housekeeping 24-hour security Proximity to shopping malls, top-class restaurants, banks, lawyers and accounting firms Two-bedroom units are priced from R2.395m.

The development is 70% sold off plan and is breaking ground in the second quarter of 2015.

FOR MORE INFORMATION, CONTACT LYNN ESTATES:

Tel: 083 655 5539 E-mail: info@lynnestates.co.za Visit www.lynnestates.co.za.

News (TO BE FILLED IN BY Bday) November 21 2014

A tale of two cultivars

Bryanston Country Club putting family first

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ryanston Country Club is developing a children’s clubhouse to be used as an entertainment and education facility.

The new centre, fully sponsored by Pam Golding Properties, will be developed alongside the existing children’s playground with its jungle gyms, swings and mini-scooter track, and is expected to be completed in March next year.

“We are thrilled to be able to develop this facility,” says club general manager Paul Leishman. “For some time

Not typically produced, not typical in taste WORDS: KATY CHANCE :: PHOTOGRAPHS: SUPPLIED

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he Paul Cluver wine estate in the coolclimate Elgin Valley southeast of Cape Town was a pioneer of winemaking in a farming area in which apple and pear orchards abound. The estate includes a Hereford stud, ecotourism activities, the restaurant Fresh at Paul Cluver and a 600-seat outdoor amphitheatre (every estate should have one).

As a founding member of the Green Mountain Eco Route and part of the larger Kogelberg Biosphere Reserve, a Unesco world heritage site, half the estate has been set aside for conservation in perpetuity.

This festive season the amphitheatre Hope@Paul Cluver, which has performances “specifically chosen to match the natural acoustics”, offers entertainment such as comedian Barry Hilton and rock group the Parlotones. All the profits from the concerts go to the Thembalitsha Foundation, which provides healthcare, training and education services in the Western Cape.

Given all this, one might think the wines are a minor attraction, but far from it. For those with more adventurous palates, I would recommend the Paul Cluver Ferricrete Riesling and the Paul Cluver Gewürztraminer.

“Riesling is difficult to grow and is a shy bearer with very low production,” says winemaker Andries Burger. “It does not do well in the heat, but we have the perfect climate for it.”

The rather unappealing name of this Riesling, which is reminiscent of a construction site rather than an eco-winery, comes from the name of the shale soil in which the vines are grown. “The Afrikaans

word for ferricrete is ‘koffieklip’,” says Burger, “but the name also refers to the high iron content in the soil.”

This is apparent in the Riesling itself: it is nowhere near as astringent as a Sauvignon Blanc, but it has great minerality. It is fragrant without being floral and is less fruity than a warm-climate Chenin.

This might sound rather unappealing, but the wine has bright lemon drop notes with hints of grapefruit and is supple without being anything like sweet. Priced at R75 at Woolworths, its drinkability is enhanced by its remarkably low alcohol content of just 10.5%.

Says Burger: “We stop the fermentation by cooling the wine down to about 5°C. If we completed the fermentation it would be more than 12%.”

The Gewürztraminer (12% alcohol and selling at Woolworths for R70) is a “great, aromatic varietal”, says Burger. “Sometimes it can be too sweet and almost fat, but our climate allows us to make one that is more fresh.”

With SA’s dry wines being so extremely dry, anything off-dry, including this Gewürztraminer, may seem a little sweet, but it is simply more fruity and perfumed.

It has exotic Turkish delight points and drinks like a sophisticated litchi “cooler” (if such a thing exists). Its scented spiciness makes it perfect with curries; but with a wine this appetising, I feel food is sometimes too much of a distraction.

Both of these wines belie their youth — the Ferricrete Riesling 2014 is on the shelves now — with their exceptional balance. Burger worked at Bordeaux’s Château Margaux as a student in the 1990s.

Says Burger: “I once asked the managing director, Paul Pontallier, what are the three most important things I should look for when making a great wine, and he said: ‘Balance, balance and balance.’ If you

we have seen the need for a centre in which children can be accommodated and entertained, particularly on days when the weather is poor and they are not able to play outdoors.

“The facility will be equipped with video games and used for a variety of indoor games and activities. It will also have a covered balcony with chairs and tables where children will be able to play.”

The project is part of Bryanston Country Club’s drive to turn itself into a family-oriented facility.

have balance between acid and sugar, and balance between tannin, oak and alcohol with the fruit, you will have a complete wine.”

I find balance by alternating between a glass of each. Merry Christmas.

“The Afrikaans word for ferricrete is ‘koffieklip’. But the name also refers to the high iron content in the soil” “If you have balance between acid and sugar, and balance between tannin, oak and alcohol with the fruit, you will have a complete wine” Andries Burger, winemaker, Paul Cluver wine estate

House price growth rates accelerate

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verage house price growth accelerated faster between November and December this year than it did between October and November.

Says FNB economist John Loos: “After some gradual slowing through much of 2014, the FNB House Price Index has seen its year-on-year growth once again starting to accelerate. According to the FNB House Price Index, the average house price for November 2014 rose 7% year on year. This is faster than the previous month’s revised 6.6%.

“This recent renewed acceleration comes after a prior slowing in the year on year rate dating back to the beginning of the year.”

Real house price growth (adjusted for consumer

price inflation) was mildly positive at 0.7% year on year in October (November CPI not yet available), helped on by some recently slower CPI inflation, which measured 5.9% year on year in October.

The average price of homes transacted in October was R978,122.

“According to the FNB House Price Index, the average house price for November 2014 rose 7% year on year” John Loos, economist, FNB

Arrowhead bulks up its residential portfolio

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isted real estate investment trust Arrowhead Residential, owned by Arrowhead Properties, has recently acquired a portfolio of residential properties for just more than R1bn.

Once transferred, Arrowhead’s residential portfolio will comprise more than 3,600 units with a value of around R1.6bn.

The portfolio was bought from Jika Properties.

Says Arrowhead CEO Gerald Leissner: “We are pleased to announce this yield-accretive, distributionenhancing acquisition.

“This Jika acquisition is complementary to our current residential property portfolio with a guaranteed income of 10.1% in the first year and 10.9% in the second.”

ADVERTISING FEATURE December 5, 2014

RIAAN ROOS, CEO, MSP DEVELOPMENTS

MSP Developments won the 2010 South African Planning Institute Award for its creative, thoughtful design of Buh-Rein Estate.

A very happy new year for property — the best time of year to buy is now MSP Developments CEO Riaan Roos updates us on some of his company’s projects and predicts that 2015 will be a very good year for the property industry WORDS: RIAAN ROOS :: PHOTOGRAPHS: SUPPLIED

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his has been a super year for Buh-Rein Estate.

By the time we close for business in December, we will have transferred and registered more than 760 units and will have another 464 under construction, of which more than 300 have already been sold.

MSP Developments launches a new development there every two months

and we are busy putting up 10 residential complexes.

One of our latest is Bortoli Villas, comprising 65 large double-storey townhouses.

We have completed 16 complexes and 56 single residential houses, so it is clear that there is a demonstrable improvement in our sales volumes.

Our sales levels improved throughout the entire year,

and October 2014 was our best month yet in terms of sales at Buh-Rein Estate.

The sales being achieved correlate with top estate agencies’ reports indicating that the market is stabilising and recovering. In the market in which we operate, namely the R500,000-R2m price range, there is definitely an upward curve — we are no longer in a recession.

We are also seeing rising demand from buyers based in Gauteng and Namibia — a number of them are migrating to the Cape, while others are looking for an investment property in which they can later settle.

We believe that the market will continue to pick up throughout 2015 and into 2016. The biggest challenge, as always, is the interest rate.

ADVERTISING FEATURE December 5, 2014

Fortunately, the monetary policy committee has managed to keep the rate more or less stable, but we expect it to rise in the second half of 2015.

Our main focus is on keeping our costs down so that we can pass on the best value to the consumer.

Building costs do not track the CPIX and are consistently about three or four basis points higher. The biggest challenge is that labour and production costs will increase. That is why this is the very best time of the year to buy property.

Those who commit to buying now will be paying 2014 prices, whereas, come February 2015, we will have to increase prices to keep pace with building material costs.

Buh-Rein Estate has reached a tipping point in terms of the number of units completed, and with so many new residents, MSP Developments is gearing up to make many additions to it.

We are in the final planning stages of Buh-Rein Estate’s community centre and expect construction to start early in 2015. It will include a gym, a recreational area for events, an accesscontrolled pool area for the exclusive use of residents, a beautifully designed play area for kids and joint ablution facilities for the pool area and multipurpose sports field.

The former clubhouse next to the multipurpose sports field is now home to the first J9 Sports Restaurant to open in the Western Cape.

The restaurant is an initiative of former rugby star Joost van der Westhuizen in his fight against motor neuron disease and testament to his illustrious career will be on display in the form of various personal memorabilia.

The restaurant will serve breakfast, lunch and supper, and residents who work late and don’t feel like cooking when they get home will be able to order meals and have them delivered to their door.

This type of commercial activity will further enhance the overall demand for properties in Buh-Rein Estate, which will in turn improve the capital appreciation

that early buyers in BuhRein Estate are enjoying.

A case in point is a threebedroom freestanding home that sold for R1.559m in April 2012 and was recently put back onto the market at R1.699m. This asking price is in line with the price structure for the last seven freestanding homes, and it proves that the capital appreciation is not limited to apartments and townhouses, but that it applies to every property in Buh-Rein Estate.

The overall outlook for 2015 is very optimistic and, most importantly, it looks to be a year during which home owners can once again expect to be richly rewarded with an increase in the capital appreciation on their investments. We cannot really ask for much more than that.

“The biggest challenge is that labour and production costs will increase.

That is why this is the very best time of the year to buy property. Those who commit to buying now will be paying 2014 prices” Riaan Roos, CEO, MSP Developments

BORTOLI VILLAS — COST BREAKDOWN Just launched at Buh-Rein Estate, Bortoli Villas (see main image opposite) comprises sixty-five spacious double-storey townhouses: Three bedrooms, 2.5 bathrooms, two garages — from R1,449,900 Three bedrooms, 1.5 bathrooms, two garages — from R1,399,900 Size: 134m2-138m2

GET IN TOUCH MSP Developments 021 914 6703 sales@mspd.co.za www.mspd.co.za www.buhreinestate.co.za

INVESTMENT December 5 2014

“The finished product takes away much of the guesswork, and there’s a sector of the market that will pay a higher price for that level of certainty” Myles Wakefield, CEO, Wakefields Real Estate

No transfer duty — trick or treat?

Saving money when buying directly from a developer is appealing to most, but is it really a saving or simply marketing-speak? How much of a pull is it, and are there other reasons why buyers are drawn to developments?

WORDS: ANNE SCHAUFFER :: PHOTOGRAPHS: SUPPLIED

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iven that the purchase of a property is, for most, the single largest investment one will ever make, it is tempting to be lured by any potential savings en route.

That is not to suggest that the lure isn’t 100% legal, but rather that the young, inexperienced or accepting consumers often have not done their homework as regards the facts and processes. Particularly for young buyers, it can be bewildering to discover that the price paid for the property is not where costs end.

When buying directly from a developer, one of those come-hither drawcards is the promise of no transfer duty.

This proposal is instantly attractive, as confirmed by Myles Wakefield, CEO of Wakefields Real Estate in KwaZulu-Natal, a familyowned company operating in the industry for 75 years. He says the saving is debatable: “You’re not saving on transfer fees but on transfer duty.

Two different things, both usually payable on a property: transfer fees are the fees paid to the conveyancer, either bond registration fees, and/or the conveyancer’s fees for processing the transfer of the property, and transfer duty, which is the fee paid to the government.

“When you buy from a developer, invariably they are VAT vendors, so there’s

no transfer duty. But you still have to pay transfer fees.”

This may seem quite straightforward, but it isn’t.

Says Wakefield: “If the developer is VAT-registered, if your property purchase is more than R600,000 (transfer duty is not applicable under that), you’ll save up to about 7% transfer duty. But, of course, you will pay 14% VAT. That will be included in the price of the property you’re buying, so it goes unnoticed.”

So, is there any saving at all? You do the maths. Simply put, when you purchase a property for R1m, you pay transfer duty on top of that.

When you purchase from a developer, you pay R1.14m, because the VAT is included.

Says Wakefield: “If you, the buyer, are a VAT vendor, you can obviously claim that back, but very few people — maybe one percent — in residential developments are VAT vendors.”

What about the other costs? Says Wakefield: “If you’re buying directly from a developer with no estate agent, there may not be a commission payable, but most developers have a designated sales arm — they will pay a commission to those agents who work for them. That fee, too, will be built into your price.”

No matter how you purchase a property, legal fees apply.

Wakefield believes there are many more issues at play

than saving transfer duty when buying from developers: “In the early 2000s, buying directly off-plan worked in the buyer’s favour — ­ the developer took three years to build the project, and by then the market had moved and the property value had escalated.

“If you sold that property immediately, you were very likely to make a profit because the development had been transformed from a bleak piece of land into a finished product with landscaping, driveways, security and a guardhouse.

“The finished product takes away much of the guesswork, and there’s a sector of the market that will pay a higher price for that level of certainty.”

Sometimes the brave get burnt, so buying off plan can be speculative.

It is vital to buy from a reputable developer who has a strong record, a history of quality work and the ability to survive and bounce back.

In SA we pay a premium to live in a development or gated estate. “That’s why,” says Wakefield, “most people choose developments for reasons other than ‘no transfer duty’.

“Invariably, you’re paying a higher price per square metre. Of course, you will be in a newer property with modern finishes, but the prime driver is security and lifestyle.

INVESTMENT (TO BE FILLED IN BY Bday) December 5 2014

“Building costs are high at the moment. Take two identical pieces of land, one with a 40-year-old house ron it, and on the other, build an identical house.

The input cost will be 25% to 30% higher in the new build. In rands and cents, on a R2m property you’re getting it for R600,000 less.

Which one would you buy?”

That’s the challenge developers are facing: they cannot build the same size as these older properties, so they

add value by way of walking and cycling paths, dams, indigenous plantings or eco settings, clubhouses, sporting facilities and more security.

Wakefield says: “It’s not as black and white as ‘no transfer duty’ being the drawcard. Developers are drawing buyers because of the secure lifestyle. If you are prepared to pay more per square metre for a property in a new development, avoiding transfer duty isn’t why you signed on the dotted line.”

“In the early 2000s, buying directly off-plan worked in the buyer’s favour” Myles Wakefield, CEO, Wakefields Real Estate

ADVERTISING FEATURE December 5, 2014

SITARI OPTIONS Country plots: buyers may choose an architect and builder from the accredited panel. Plots are priced from R530,000 to R987,000 Village Homes: these turnkey completed freestanding homes will have three bedrooms, two bathrooms and a double garage.

They will be priced from R2.298m to R2.984m, all costs included The Grand Olive: this complex will have 69 apartments, priced from R1.115m for a twobedroom unit to R1.554m for a three-bedroom unit

Private Cape living at Sitari Country Estate A huge new suburb is planned for the greater Somerset West area — the R4bn Sitari Country Estate, which will be set on 192ha between the N2 and R102, neighbouring Croydon Olive and Vineyard Country estates.

The access-controlled property will feature orchards, vineyards, olive groves, parks and herb gardens, and the homes will follow a ‘contemporary rural architectural’ design WORDS AND PHOTOGRAPHS: SUPPLIED

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ther facilities at Sitari Country Estate will include a clubhouse with restaurant, kids’ play zone, pool and day spa; a CrossFitTRF gym; a 22ha wetland with timber decks and bird hides; various play parks as well as a central park with windmill, gardens and water features; and a 14km cycling and running route. Residents will also have access to a Curro school with capacity for more than 2,000 children, as well as to a shopping centre, a retirement village and a medical centre.

Uvest Property Group is the developer behind Sitari Country Estate. John Coetzee, one of the group’s executive directors, has been meticulously planning various aspects of this development for more than three years.

Says Coetzee: “There are three types of products on offer at Sitari Country Estate: country plots, completed village homes and luxury apartments in the Grand Olive. All of these are proving very popular; the Grand Olive was 50% sold out after only 80 days.

“We are selling properties at Sitari — with their extraspacious living areas and top-of-the-range imported finishes — at a rate of one a day, and we are confident that they will deliver superb capital growth and expected rental yields of 9% gross.”

Sitari Country Estate will combine high-end security with first-rate technology to provide an unparalleled security system. Access to the estate will be primarily through the imposing main gatehouse, which will also

house the security control room, and each property will be linked to this control room via a telephonic intercom system. Both the main and secondary gatehouses will have biometric readers, number plate recognition and 24/7 manned access control.

The exterior fencing will be visually appealing and will include underdigging serrated strips (mole barriers). It will be cutting and climbing proof, with electric wire on top, as well as Future Fibre Technologies perimeter security with touch-sensitive triggers that if disturbed will activate the control room.

Night-vision infrared cameras will focus on the boundary perimeter, and a roaming armed security vehicle will be despatched to any disturbed point.

Inside the estate, each junction will have a fourway camera to view down each lane, which will also be linked to the security control room.

With only 10 completed Village Homes left, buyers are urged to move quickly, since the earliest offerings are likely to be the best priced, and as roll-out of this development accelerates, popularity is expected to soar. The on-site sales centre is open daily and includes a scale replica of the estate that interested parties can view at their leisure.

Expected transfer of firstphase erven will be in June 2015, and transfer of the first batch of completed Village Homes and apartments in the Grand Olive is set for later that year. It is estimated that the Curro school will be ready for the first intake of pupils by January 2016.

ADVERTISING FEATURE December 5, 2014

GET IN TOUCH Sitari Property Sales: Martin van Rooyen 083 452 6909 Office: 087 890 0033 View www.sitari.co.za for directions to the on-site sales centre.

“We are selling properties at Sitari at a rate of one a day, and we are confident that they will deliver superb capital growth and expected rental yields of 9% gross�

John Coetzee, director, Uvest Property Group

INVESTIGATION December 5 2014

How efficient is the deeds office?

Are SA’s deeds offices holding back the true recovery of the residential property market?

WORDS: GRAHAM BARLOW :: PHOTOS: ISTOCK, SUPPLIED

“We do not have problems with the King William’s Town deeds office; the turnaround time is six working days from lodge to registration” Hanlie Bassingthwaighte, franchise principal, Pam Golding Properties East London

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uying or selling a property is a big step in any person’s life.

Financially, it is probably the biggest outlay he or she will ever make.

Added to this are the other pressures that accompany the process: emotional, mental and — if my experiences on moving day are anything to go by — physical too.

When the chain of buying and selling houses is perpetuated by those in the property marketplace, it ought to be supported by a well-oiled administrative process. But is it? Are the country’s nine deeds offices helping or hindering the turnover in the property market?

A spokesman for the deeds office in Cape Town was surprised by the question.

“As far as we are aware, our turnaround times from lodging of documentation to registering are well within internationally accepted standards,” he said. “If there is a problem it lies with accessing old documentation: certification prior to 2008 is still in microfiche form. Post2008, all documentation has been scanned and we will scan the backlog progressively to catch up.”

“Internationally accepted standards” is open to interpretation, but the US and EU estimate of “within 10 working days” seems to be the consensus. SA is far ahead of all sub-Saharan bureaucracies in this matter.

The summary given by the deeds office is reinforced by a director of one of SA’s leading conveyancing firms:

“On average it takes seven to eight days from lodging to registration. This is entirely acceptable, and we have in fact watched the process improve over time.

“The standards within the deeds office are still high; the quality of staff who are managing the conveyancing is excellent.”

The staff may be qualified, but have systems kept pace?

“Probably not. But the advent of E-filing on transfer duty has been a great success. Rates clearances from municipalities are a headache, but we understand that these are to be converted to an electronic system as well, which, if it works, I must qualify, will make a big difference. E-filing in the deeds offices is not nearly as efficient as SARS, but it has the potential.”

The issue of rates clearances is a thorny one.

The conveyancing firm’s research going back 15 years shows that it has always had a negative impact on registration, but the deeds office cannot be held accountable for this. This aspect of the process lies firmly in the hands of the municipalities, but little will change unless each municipal E-filing system is implemented correctly.

Another problem that the deeds offices face but cannot help are what the director calls “the underprivileged housing market”. He says: “Registration of sales in RDP housing and other low-cost markets is a huge headache.

But this is not necessarily a deeds office issue. What the lower-cost South African

INVESTIGATION December 5 2014

“With a faster, more efficient deeds office, transactions would be better placed to occur quickly, removing a lot of the frustrations experienced by buyers and sellers” Jonathan Davies, Pam Golding Properties Hyde Park

housing market requires now is education.

“Houses are sold — legally — by developers to owners, but it is during the on-selling that the problems occur. Far too few people in that market understand the processes around registration after purchasing a property and end up as occupants in houses they may have paid for but don’t own. This problem is compounded when they then decide to sell; or worse, when they pass away.”

A clearer picture of the effectiveness of the deeds offices can be obtained from those whose livelihoods are directly affected by delays: estate agents.

To keep the playing fields level, we posted the same questions to managers of the Pam Golding Properties franchises nationally: are the South African deeds offices holding back the true potential of the real estate market, and do delays have an impact on the recovery we should be witnessing? The answers were, surprisingly, consistent throughout SA. Says Jonathan Davies, Pam Golding Properties Hyde Park branch manager: “To say the deeds office is holding back the potential of the market, to my mind, would be unfair as the market changes in spite of the deeds office. To say it frustrates the

transaction would perhaps be a better way of looking at it, as it affects the timeous transfer of ownership and this in turn affects the flow of money from buyer to seller.

“With a faster, more efficient deeds office, transactions would be better placed to occur quickly, removing a lot of the frustrations being experienced by buyers and sellers.”

This opinion is echoed

by Carol Reynolds, area principal of Pam Golding Durban North: “The deeds office has very little impact upon the buoyancy of the property market. It is simply an administrative component of the process

“E-filing in the deeds offices is not nearly as efficient as SARS, but it has the potential” Director of one of SA’s leading conveyancing firms, speaking on condition of anonymity

of transferring properties from seller to buyer. If it is slow, which is sometimes the case, clients are simply forewarned, and details such as occupational rent are dealt with as an integral part of the sales transaction.

“Delays can certainly frustrate the process, and in some instances, additional costs, such as having to reapply for rates clearance, can be incurred. While this creates a lot of irritation, it does not really impact upon buyer appetite or market conditions.”

Hanlie Bassingthwaighte, franchise principal of Pam Golding Properties East London, says: “We do not

have problems with the King William’s Town deeds office.

The turnaround time is six working days from lodge to registration.

“The deeds office is very particular — if matters are rejected, then 95% of the time it is because a mistake was made on the drafting of the deed, the transfer duty receipt, or rates clearance or incorrect bond documents are lodged.”

That could be the key to a quick registration and the avoidance of frustration: make sure that what is submitted to the deeds office is correct and complete.

A short-cut can sometimes lead to a long wait.

INTERNATIONAL December 5 2014

Swiss Alpine investments

The Swiss Alps saw more than 8-million tourists in 2012. With foreigners now able to own property in the region, are the returns worth donning a ski suit?

WORDS: ANNA-MARIE SMITH :: PHOTOGRAPHS: ANDERMATT SWISS ALPS DEVELOPMENT

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witzerland’s dual-season tourist offerings, which in 2012 catered for about 8.6-million arrivals, provide international investors with good potential for long-term returns in a relatively stable world economic environment.

Regulatory efficiency, protection of property rights and freedom from corruption have seen Switzerland being awarded a World Bank ranking as the fourth freest global economy and the highest European regional rating of 81.6% among a world average of 60.3%.

The Swiss alpine regions provide superb winter skiing and summer hiking facilities, but foreign ownership there has historically been limited to EU passport holders.

The cap on second-home ownership in 2012 led to increased demand for topend holiday facilities.

The growth potential of short- and long-term income is limited by individual canton laws that dictate that ownership must extend from five to 10 years.

South African leisure tourists known to pass through the hotels and guesthouses of Zurich favour self-catering accommodation along the pristine lakeside location of Geneva en route to holiday resorts in mountain regions.

“Although limited in their numbers owing to legislative restrictions, South African buyers show a strong preference for Swiss-German ski resorts in the eastern regions of the country,” says Alex Koch de Gooreynd of Knight Frank Switzerland.

This includes areas such as Graubünden in the Grisons canton. The neighbouring villages of Davos and Klosters in Parsenn offer excellent summer and winter holidays within easy reach of Zurich in just over two hours by train.

De Gooreynd says the popularity of these and the Laax and Flims areas possibly appeal to Afrikaans-speaking South African investors with German ancestry who favour the ease of communication in this region.

Swiss mountain chalets and flats offer investors seasonal income-generating alternatives through room rentals at self-catering guest lodges or at bed-and-breakfast facilities.

Growing demand for rentals in these regions has resulted in a competitive market and new development. A 5% increase in supply has exceeded national long-term averages with an average increase of 1.6% of flat rentals over the past 12 months. Construction activity in this market segment is expected to level off in 2015.

De Gooreynd says investment benefits include access to two- or threebedroom units flats of about 200m2 in ski regions. Investors may use the flats during peak holiday periods and rent them out the rest of the time with the help of local rental pools and on-site property managers.

Since the early 1960s restrictions on acquisitions by nonresident foreigners in Switzerland has limited entry to this market. Construction of secondary residential properties is limited to 1,500 new building permits a year, which are divided among various districts according to the Lex Koller law.

Changing legislation in 2012 as the result of the growing numbers of holiday houses in tourist regions now restricts local residents and foreign investors from constructing new holiday homes in 580 villages with a 20% holiday component.

However, Peter Bloemsma of Henley Estates Andermatt says the 2012 amendment to the 1997 Lex Koller law gives foreigners greater access to residential investments in the region.

“Owing to this unique exemption, foreign — nonSwiss — buyers are able to acquire and transfer residential property at the four Andermatt Swiss Alps (ASA) destinations without authorisation until the end of 2030.”

Apartments and houses used as principal residences are no longer subject to approval, and net living area restrictions have been lifted to allow a maximum of 3,000m2.

Foreign nationals in possession of valid residence permits may acquire property for personal use provided it is registered in their names, and may retain the property should their Swiss domicile status be relinquished, says Bloemsma.

De Gooreynd says the Andermatt land under development used to belong

to the Swiss Army. Two completed sections comprising flats and penthouses will be ready for the 2014 season. Investors need to be aware, though, that the ASA development “is likely to remain a construction site for the next six to seven years”. The Chedi Andermatt Hotel has opened and another three buildings are due to open in 2015-16.

Bloemsma says the prices of penthouses and lofts at the Chedi Andermatt start from Sf2.38m (about R27m), and that two-, three- and fourbedroom flats are priced from Sf1.18m (about R13.5m).

The average rental income for one-bedroom units is about Sf155 (R1,784) a day and about Sf2,550 (R29,300) a week in high season.

Investment in the Swiss residential market holds potential income growth for buyers with access to professional advice and expert tax services. Investors are accountable both at federal and cantonal levels, with rentable income and asset taxes calculated on the value of a property within the individual’s tax rate and income on global assets.

Switzerland by the numbers

THE SWISS MOUNTAINS LAY CLAIM TO THE FOLLOWING RECORDS

GDP (PPP):

Highest railway station in Europe — the Jungfraujoch, canton of Berne, 3,454m

Steepest cog railway in the world — Pilatus, canton of Lucerne, gradient of 48%

Highest permanently inhabited village in Europe — Juf, canton of Graubünden, 2,126m

Steepest funicular railway in the world — the Gelmer at the foot of the Grimsel Pass, canton of Berne, gradient of 106% in places

$363.4bn 1% growth 1.2% five-year

compound annual growth

$45,418 per capita Inflation (CPI): -0.7% FDI inflow: $3.6bn

Highest brewery in Europe — BierVision Monstein, canton of Graubünden, 1,600m Highest tram in Europe — Zermatt, canton of Valais, 2,222m Highest exterior elevator in Europe — Hammetschwand Lift to the top of Bürgenstock, canton of Nidwalden, 153m

Steepest road used by coaches in Europe — from the Kander to the Kien Valley in the Bernese Oberland, gradient of 28% Longest glacier in Europe — the Aletsch, canton of Valais, about 23km (Source: www.swissworld.org)

“Owing to this unique exemption, foreign buyers are able to acquire and transfer residential property at the four Andermatt Swiss Alps destinations without authorisation until the end of 2030” Peter Bloemsma, Henley Estates Andermatt

INTERNATIONAL December 5 2014

Hot snowcapped destinations Not everyone’s idea of a perfect holiday involves sandy beaches and a sparkling blue ocean in a faraway tropical paradise. We investigate properties in some of the world’s most famous winter destinations WORDS: LEA JACOBS :: PHOTOGRAPHS: ISTOCK

FERNIE ALPINE RESORT .

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or many, sitting in front of a roaring fire and sipping a piping hot cup of mulled wine after a thrilling day on the ski slopes is what dreams are made of.

This is particularly true of those who want to escape the oppressive heat that engulfs SA in summer. The fact that our holidays occur when winter is at its peak in Europe, the US and Canada makes the idea of buying property in these areas even more appealing.

The Graian Alps mountain range runs through Italy, France and Switzerland, including the French resort of Saint-Gervaisles-Bains, a picturesque holiday destination of choice since the 1800s.

Although popular with tourists in winter, it has so far escaped the attention of big tour operators and retains the historical charm of a French village.

There are many properties for sale in the area, including a three-storey, four-bedroom

chalet measuring 120m2.

Priced at €450,000 (R6.169m), it is close to the skiing amenities.

If it is chocolate-box pretty you are looking for, then Alpbach, Austria will hit the spot. Frequently voted the most beautiful village in Austria and “Europe’s most beautiful flower village”, it attracts tourists all year round.

However, it’s the 20km of cross-country skiing trails and 145km of groomed runs that appeal to the 22,000 sporting enthusiasts who visit it in winter.

Remarkably, given that the popular village is only a 40-minute drive from Innsbruck Airport, Alpbach has remained largely untouched by development.

But property here doesn’t come cheap: a threebedroom, two-bathroom chalet will set you back €790,000 (about R10.9m).

Europe offers the snowcapped dream, but things get a little crowded once the FERNIE.

snow starts to fall. Canada is the country for those who want the snow but not the tourists.

Fernie, British Columbia gets its fair share of snow every year (9m on average) and has an almost cult-like status among skiing and snowboarding enthusiasts, who take full advantage of the amenities on offer in a town that is completely surrounded by the Rocky Mountains.

The world-famous Fernie Alpine Resort is situated outside the town and offers more than 10.1km2 of skiable terrain.

Spectacular in summer, the area is transformed into an icy paradise in winter.

While things can get busy on the slopes, there are many properties a little way off the beaten track.

A three-bedroom, twobathroom chalet set on about 1,600m2 of treed property, complete with an outdoor hot tub, is on the market for $639,000 (roughly R6.2m).

Europe offers the snowcapped dream, but things get a little crowded once the snow starts to fall. Canada is the country for those who want the snow but not the tourists

DEVELOPMENT December 5 2014

Menlyn: the Sandton of Pretoria?

WORDS: JOCELYN WARRINGTON :: PHOTOGRAPHS: SUPPLIED

The upmarket suburb of Menlyn Park is fast turning into the new central business district of Pretoria

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n the same way that Johannesburg’s commercial hub has moved away from the CBD and is now firmly entrenched in Sandton, so Menlyn Park is fast evolving into the new business centre of Pretoria.

That is according to, among others, Henk Boogertman, one of the directors of Menlyn Maine, a 315,000m2 Melrose Arch-style collection of Green Star SA-rated

commercial buildings under construction in the area, one that is being dubbed “Africa’s first green city”.

Set just off the N1 highway in Pretoria’s wealthy eastern suburbs, Menlyn’s main attraction, apart from its huge shopping mall, was always its peacefulness.

But the City of Tshwane’s approval in 2013 of a spatial development framework has meant a dramatic facelift.

“All the major banks and many financial and other professional service providers have either located or are considering relocating to the Menlyn node, and retailers regard Menlyn as the superior trading zone in Pretoria, hence their demand for space in Menlyn Park Shopping Centre and in our boutique mall in Menlyn Maine Central Square,” says Boogertman.

MENLYN MAINE: Africa’s first green city in the making 315,000m2 lettable area Managed by Menlyn Maine Property Owners Association Completion: September 2016

MENLYN PARK SHOPPING CENTRE: Two-phase project, adding 50,000m2 to the centre 500 stores Brand identity being reworked Completion: November 2016

DEVELOPMENT December 5 2014

Menlyn Maine, together with Menlyn Park Shopping Centre, which itself is undergoing major redevelopment thanks to a R2bn cash injection by co-owners Pareto and Old Mutual, are fast becoming the main anchors of the precinct.

“For those who’ve grown up in Pretoria, Menlyn Park Shopping Centre has been a part of their childhood and is a landmark in Pretoria,” says Peter Levett, CEO of Old Mutual Properties.

“It has gained iconic status over the past 35 years and we felt it was important to pay respect to this with a new brand identity.”

The added attraction of Sun International’s Time Square casino, hotel and 8,000-seat entertainment centre project, to be located in Menlyn Maine, means that the suburb could also become the entertainment hub of Pretoria.

Five-star and four-star hotels are on the cards in the precinct, as is the development of about 400 flats, which will be launched in April 2015.

According to Boogertman, corporates that have either already set up shop in the area, or are considering doing so, include Deloitte, KPMG, Grant Thornton, the Public Investment Corporation, Bank of Athens, BVI Consulting Engineers, Pentad Quantity Surveyors, Myburgh Attorneys, SA Home Loans, SALGA, Nokia, Investec, Nedbank, RMB, FNB and Liberty Life.

Further underpinning the revitalisation of the Menlyn node are proposed additions to the R2.6bn bus rapid transit (BRT) system, as well as three road improvement contracts that are about to be awarded by the City of Tshwane. These will include the upgrade of Lynnwood and Atterbury roads up to January Masilela Drive. A new bridge intersection between Lois Avenue and January Masilela Drive will also be constructed to provide direct access into Menlyn Maine from the northern side.

Two BRT stations will be built as part of this road improvement contract — one will be located in Atterbury Road in front of Menlyn Park Shopping Centre and the other will form part of the new Atterbury Road bridge link.

Construction is planned to commence in January 2015, with completion estimated for April 2016.

“For those who have grown up in Pretoria, Menlyn Park Shopping Centre is a landmark” Peter Levett, CEO, Old Mutual Properties

“All the major banks and many financial and other professional service providers have either located or are considering relocating to Menlyn” Henk Boogertman, director, Menlyn Maine

“Retailers generally regard Menlyn as the superior trading zone in Pretoria” Henk Boogertman, director, Menlyn Maine

PROPERTY December 5 2014

Menlyn is a suburb on the move Anchored by a redeveloping superregional mall and a new greenprincipled precinct, Pretoria’s Menlyn suburb looks a good bet for investors.

But they will have to move quickly WORDS: GRAHAM BARLOW :: PHOTOGRAPHS: PAM GOLDING PROPERTIES, SUPPLIED

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or the past decade or so, the name “Menlyn” has been synonymous with, and in fact probably subordinate to, Menlyn Park, a supersized shopping centre that attracts customers not only from the Pretoria region but also from across Gauteng.

It is worth highlighting the reasons for its success: with more than 118,000m2 of floor space, 300 shops and 37 restaurants, Menlyn Park ranks among the giants of the new generation of shopping malls nationally.

One of its more obscure claims to fame is that up until February this year, it hosted SA’s last drive-in, and the defunct facility is much mourned by locals. But they can take solace in the fact that R2bn is being invested in the shopping centre.

Situated in the east of Pretoria, Menlyn as a residential and commercial suburb deserves a closer look. It is with some accuracy being described as “the Sandton of Pretoria” and is attracting a lot of interest from property developers, both private and corporate.

Retha Schutte, regional executive of Pam Golding Properties (PGP) Pretoria and Centurion, confirms that the Menlyn area has seen a surge in development in recent years and has become one of the fastest-expanding nodes in

Pretoria. She believes that what we are seeing is only the beginning of what she calls the “Menlyn boom”.

“The rapid growth that is occurring in the east of Pretoria is proving highly positive for the residential market in the area,” says Schutte. “Investors are increasingly showing interest in this growth node, which is known for being hip, hot and happening.”

To meet the expected demand for accommodation within Menlyn, a new luxury high-rise development, The Regency, is being built in the Ashlea Gardens area. Schutte says the 147 units will be priced from R995,000 to R2.297m.

These figures indicate that prices in the Menlyn

area are in line with those of similar units in other major cities. “We expect the Regency to have broad appeal. The flats will certainly be popular among executives, professionals and entrepreneurs. We anticipate that local and international companies looking to accommodate their staff in Pretoria will be particularly interested in the development, as the units will be most convenient for those commuting between Pretoria and other cities within SA and abroad.”

Menlyn Maine, promoted as a city within a city, is an R8bn development that prides itself — according to advance publicity — as a place “where we can live full, balanced and responsible lives”. Designed along New Urbanism principles, it is being promoted by its developers as Africa’s first green city.

An independent development controlled by the Menlyn Maine Property Owners Association, it will offer 315,000m2 of gross lettable area, which, according to development director Henk Boogertman, will include commercial, retail, residential and recreational spaces, all within a Green Star SA-certified development that takes its environment into account.

With three of the buildings already finished and Central Square — which will house an upmarket shopping centre and hotels — almost ready, Menlyn Maine is moving rapidly towards completion.

Says Boogertman: “Menlyn Maine will put Menlyn on the international map.

Menlyn as a suburb will prosper like never before.”

A further indication of the confidence being placed in Menlyn is the 20-storey Menlyn Towers hotel — a Michelangelo Hotel lookalike — being constructed just off the N1. It will rival any of its more northerly counterparts for comfort and exclusivity.

It is expected that Menlyn Towers’ national and foreign clientele will bring Menlyn the residential area into focus — exactly as it happened for Sandton in the late 1960s.

Says Schutte: “The property market in Menlyn tends to benefit from the high number of embassies and trade missions in the area, which are always in need of quality accommodation for staff members. The flats may also appeal to parents seeking safe, quality accommodation for their children attending educational institutions such as the University of Pretoria, which is easily accessible from Menlyn.”

Menlyn is certainly ready to move up a division or two in the property ranks and is worthy of a good, hard look if you are investigating the Gauteng property market.

“Investors are increasingly showing interest in this growth node” Retha Schutte, regional executive Pretoria and Centurion, Pam Golding Properties

F OLLO W U S I N PRI N T O R O N LI N E

LH237

NORTHCLIFF, JOHANNESBURG, GAUTENG, SOUTH AFRICA  R11,5-MILLION This ±699m2 home has exquisite finishes and spectacular views. It offers three bedrooms, each with full en-suite bathroom. The main bedroom has a large dressing room with built-in cupboards, while the kitchen with scullery opens to a small outdoor courtyard. All open plan to the kitchen are the dining room, lounge, library/study, guest bathroom, Japanesestyle dining room, study, entrance hall and three large garages. Leading off the garage is a large storeroom and battery room, a pump room with separate entrance, and a bathroom with shower, basin and toilet. The staff quarters have two bedrooms and a kitchen that opens to the lounge area and a bathroom with shower, basin and toilet. There’s even a niche for gas bottles.

Tania Fourie +27 (0)82 331 6948 www.ahprop.co.za web ref: ADHS-0116

LH332

BEDFORDVIEW, JOHANNESBURG, GAUTENG, SOUTH AFRICA  R10,5-MILLION Elegance, class and sophistication define this ambassadorial residence with its self-contained villa, koi pond, wine cellar, cinema room and dream kitchen with enormous island. The master bedroom includes a gym and its own private lounge. The other three en-suite bedrooms all open up onto the pool area. Security is of the highest order and includes a bulletproof guardhouse, sensors and top-of-the-range alarm system. The private villa has three bedrooms, a lounge, dining room, kitchen and swimming pool with water feature. This home is a must-view by all discerning buyers and is open to exclusive private viewings.

Fatima Nosarka +27 (0)83 709 0881 www.ahprop.co.za web ref: ADHS-1200

LH333

WOODMEAD, SANDTON, GAUTENG, SOUTH AFRICA  R15-MILLION

With ±1 400m2 under roof and grounds of ±4 223m2, including a pool and tennis court, this meticulous, bright, modern home makes a statement the moment you step into the double-volume entrance with feature atrium. The main residence boasts a chef’s granite kitchen and scullery with all the latest appliances and a large breakfast room. The seven entertainment areas and three dining rooms flow to a broad, sheltered patio with cocktail bar. Accommodation includes five luxury en-suite bedrooms with walk–in cupboards.

Other features include a self contained flatlet with separate entrance, a staff suite, four automated garages and ample parking.

Roy De Wolf +27 (0)72 676 7005 www.ahprop.co.za web ref: ADHS-1184

HOMEFRONT

Marketplace From sea to suburb to city, the country’s most beautiful homes await you

Construction has commenced, for completion Mid 2016

Inspired by the ever-changing ebb and flow of the tides, Azure on Big Bay Waterfront refreshes the senses, revitalises the spirit and reveals a new kind of lifestyle from the everyday norm you’ve become so accustomed to. Located along the popular shores of the West Coast, merely 280 meters to one of the most sought-after beaches and 20 minutes from Cape Town, Azure on Big Bay Waterfront promises a flawless existence that answers your every idea of paradise.

Conceptuailsed as an idyllic fusion of contemporary living and small town comfort and charm, Azure on Big Bay Waterfront offers all the modern luxuries of city living contextualised by the untamed ocean and exquisite views of Table Mountain and Robben Island.

Contact: 021 554 0033

www.pamgolding.co.za/azure • www.azureonbigbay.co.za

10312

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Authorised financial services and registered credit provider (NCRCP16).

Western Cape

WYNBERG UPPER

R6.8 million

Aesthetically pleasing character home with shuttered windows, high ceilings and wooden floors. North-facing light and bright conservatory with flow to entertainment patio and pool. Formal lounge with fireplace and dining room, study and open-plan living room to kitchen.

Bedrooms: 4 Bathrooms: 2½ Parking: 5 Web Access KW1199296 Louisa de Jager 082 720 8899, Lynne Wright 072 564 1268

CLIFTON

R4.5 million

Clifton gem. The most beautiful and character-filled apartment with an open balcony in popular block right opposite the beach. Great views of the ocean towards 4th Beach. The ideal lock-up-and-go holiday apartment.

Bedroom: 1 Bathroom: 1 Web Access PR1194105 Annette Hepburn 082 658 1116

BLOUBERGSTRAND

R12 million

A rare find. This stylish property with the waves at your doorstep is the epitome of luxury. 7 Year old architecturally-designed family home with internal elevator offers generous accommodation flowing onto sundrenched terraces overlooking the endless views of the Atlantic Ocean.

Bedrooms: 4 Bathrooms: 4 Garages: 2 Web Access 1TV1191595 Lizzy Botha 083 300 0093, Emarie Campbell 083 601 0822

CLAREMONT

From R4.35 million

TAMBOERSKLOOF

R7 million

Brand-new plot-and-plan cluster homes. Luxurious living and environmental sensitivity located on Palmyra Road. These double-storey homes have private gardens, individual splash pools and surrounding views.

Ideal lock- up-go lifestyle for the busy professional. Security prioritized.

Web Access www.pamgolding.co.za/44-on-palmyra Sole Agents: Annabelle 082 850 5060, Mary 082 457 9491

Classic-style in superb position. Spacious, easily to maintain home with uninterrupted views over the nature reserve and city. 3 Reception areas leading to pool and view terrace. Laundry, scullery, guest suite and staff accommodation. A very desirable home for the discerning buyer.

Bedrooms: 3 Bathrooms: 2 Garages: 2 Web Access CB1179658 Rob 083 447 6660, Andre 082 928 6139, Bev 082 571 6755

NOORDHOEK

SIMONS TOWN

R6.95 million

R3.2 million

Elegant and spacious triple-storey. Belvedere residence offering exquisite accommodation, pool, terraced garden, truly outstanding views of the Noordhoek beach and Chapmans Peak, plus separate guest suite on the lower ground floor.

Bedrooms: 5 Bathrooms: 3 Garages: 2 Web Access NH1197753 Lilian Bron 082 377 3725

Beautiful mountainside home with spectacular ocean views.

Separate flatlet and direct access to mountain trails.

Bedrooms: 3 Bathrooms: 2 Garages: 2 Web Access SIM1198345

BLOUBERGSTRAND

JACOBSBAAI

R8.9 million

Luxurious modern home. This luxurious residence is situated in the heart of up-market Bloubergstrand Village. A stone's throw away from the popular Bloubergstrand beaches, restaurants and Eden on the Bay. More features include a splash pool, aluminium shutters and underfloor heating.

Bedrooms: 4 Bathrooms: 4½ Garages: 4 Web Access 1TV1198541 Lizzy Botha 083 300 0093

Rosalie Jack 083 658 4187, Alan Dunlop 083 415 4505

A cut above the rest. This beautiful property is located in Jacobsbaai with spectacular views of the Atlantic Ocean. It comprises of an open-plan TV room, kitchen, dining room and 2 garages. The bedrooms are spacious with 2 en suite. Enjoy your sundowners while watching the sun set.

Bedrooms: 3 Bathrooms: 2 Garage: 1 Web Access LA1191565 Gerrit Reinertz 082 809 0566

ATLANTIC SEABOARD: Atlantic Prestige +27 21 439 1614, Camps Bay +27 21 438 3444, City Bowl +27 21 423 2150, Sea Point+27 21 439 7415 SOUTHERN SUBURBS: Quadrant +27 21 673 4200, Newlands +27 21 685 7759, Tokai +27 21 701 0191 SOUTHERN PENINSULA: Fish Hoek +27 21 782 6440, Noordhoek +27 21 789 1921 Simon’s Town +27 21 786 1612 WESTERN SEABOARD: Big Bay +27 21 554 0033, Blouberg +27 21 557 1115, Sunningdale +27 21 556 2362, Sunset Beach +27 21 551 8640, WEST COAST: Britannia Bay +27 22 742 1001, Langebaan +27 22 772 2196/9066, Paternoster +27 22 752 2668, Saldanha +27 84 517 3290, St Helena Bay +27 22 742 1001, Veldrif +27 22 783 1511, Yzerfontein +27 22 451 2188 HOUT BAY: +27 21 790 5940

www.pamgolding.co.za

R3.5 million

T h e b u z z o f t h e c i t y.

Th e p e a c e o f t h e p a r k .

New York style living in the heart of Rosebank. Set in a lush, landscaped park yet only a few minutes’ walk from Rosebank Mall and the Gautrain station. This desirable residential precinct has it’s own clubhouse, pool, entertainment areas, coffee shop, bar/restaurant, crèche and gym.

Choose from one bed, two bed and penthouse apartments.

L AU N C H I N G 7 Fe b 2 0 1 5 Priced from R1.75 Million.

TO BE INVITED TO THE LAUNCH CONTACT: Victoria Russell 074 683 1222, victoria.russell@pamgolding.co.za Office 011 684 2995

Upper Constantia – R29 million

French Provencal Masterpiece. Glorious, light reception areas feature, tall French doors and white washed wooden screed floors. Nicklewood gourmet kitchen features large middle island leading onto reception areas onto a generously proportioned wrap around entertainers patio. 7 bedrooms showcasing views plus media room and 2 studies. 4 garages and excellent security. Gregory Kruyer 071 477 0434 | Charne Shipper 083 274 6336 | Web Ref: 85005

Clifton – R12.5 million

Sophistication on the rocks! Exquisite, fully furnished, designer pad for the discerning buyer wanting tranquillity and perfection. Set on the rocks overlooking Moses Beach, this apartment was equipped by master craftsmen. Open plan lounge, dining room and study with spectacular views. Convenience of same level secure parking, communal pool and direct beach access. Glenn 083 658 3427 | Stacey 076 337 4888 | Sandra 083 456 2737 | Web Ref: 83577

Sandown – R6.8 million

Cluster. An opportunity to own a rare work of Art. This exclusive cluster is pristine and offers a spectacular canvas awaiting the discerning owner. Situated in the most remarkable position it offers 8 gorgeous rooms with features beyond imagining. Norma Robinson 082 554 7260 | 011 656 0888 | Web Ref: 85998

Contact: Liana Joubert: 083 411 4537 / 011 880 3550.

RESIDENTIAL SALES & MARKETING • RENTALS • DEVELOPMENTS • HOME LOANS

WEB REF: 3221552

RANDPARK • R2 850 000 LARGE FAMILY DREAM HOME WITH COTTAGE This large 495m² double storey home with modern finishes throughout is perfect for a family who loves to entertain. Upstairs is a large spacious main bedroom with en-suite bathroom. 2 Studies, and large wooden deck that overlooks the golf course. The kitchen has a separate scullery and laundry area. Dining room, living room and enclosed entertainment area with a built-in braai and pub.

Downstairs: Family room and 3 bedrooms. 1 Bedroom garden cottage, staff quarters with open-plan living and dining area, 2 bedrooms, bathroom and kitchen.There is a double garage and 3 carports.

KARIEN VAN DER MERWE 082 808 2151 karien.vdm@everitt.co.za 011 801 2500

WEB REF: 2971314

WEB WEBREF: REF:3140053 2559587

NORTHCLIFF • R4 900 000 EXQUISITE AND UNIQUE RESIDENCE PLUS COTTAGE/OFFICES 4 Bedrooms, 3.5 bathrooms, formal lounge, dining room, and private lounge. Wine cellar. Kitchen, scullery and exterior laundry room.

Domestic rooms, triple garage. Separate offices/cottage with kitchenette and 2 bathrooms. Pool, garden, irrigation and illumination.

ANDRE 082 377 6439 • andrej@everitt.co.za DEBBIE 072 225 3351• debbie.rosz@everitt.co.za • 011 453 5599

DOWERGLEN EXT 3 • R 3 950 000 21ST CENTURY LUXURY Offers 3/4 spacious bedrooms (2 MES). 3.5 Modern bathrooms.

Open plan receptions, modern state of the art kitchen with built in appliances. Fitted study, staff accommodation, double garage, sparkling swimming pool and much, much more!

LAWRENCE SAYEGH 083 234 8000 • Lawrences@everitt.co.za 011 453 5599

WEB REF: 3243644

WEB WEBREF: REF:3140053 3245273

SIMONSTOWN • R9 000 000 APPROVED HARBOUR TERRACE SIMONSTOWN DEVELOPMENT Fully approved development on 4500m² with 13 luxury villas for sale. All units have panoramic views of the harbour and yacht basin.

3 Bedrooms, en-suite, double garages and facility for a lift. Owner selling on entire development or 30% interest.

JOHN 082 920 5320 • john@everitt.co.za CELILY 082 785 3956 • cecily@everitt.co.za • 021 712 7002

UPPER CONSTANTIA • R24 900 000 STYLE! CLASS! QUALITY! Open plan kitchen, dining area, informal lounge and study. Covered patio/sun room overlooks rim-flow pool surrounded by wooden deck. Landscaped garden. 2 sets of staff accommodation, borehole, excellent security system, solar heating and plenty of parking.

MARION BOLTON 082 408 5041 SALLY GRACIE 083 459 9523 • 021 712 5029

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WEB WEBREF: REF:3140053 3234437

BEDFORDVIEW • R4 150 000 PRIME POSITION OFFERING DYNAMIC FAMILY LIVING! This generous 4 bedroom family home will welcome you through 1 of 3 spacious receptions with fitted Jet-master fireplace, skylights throughout, entertainment lapa, 1 bedroom flatlet and, spacious established gardens. Located within a 24hr upmarket gated street.

NATALIA 072 392 8421 • natalia.dias@everitt.co.za LUZ 082 444 9763 • luz.vazzana@everitt.co.za • 011 453 5599

WEB WEBREF: REF:3140053 3238931

UPPER PLUMSTEAD • R3 695 000 AN ENTERTAINER’S DREAM A home for a growing family with 4 double bedrooms, 2 bathrooms, main en-suite, study, lounge, dining room, kitchen, 2 entertainment rooms, laundry and store. Solar heated rock cladded swimming pool with a beautiful water feature takes centre stage.

JOAN ROSS 083 419 530 • joan@everitt.co.za 021 712 5029

WEB REF: 3244811

BEVERLEY • R3 075 000 A TUSCAN CLUSTER WITH A DIFFERENCE Entrance hall, open plan formal lounge, TV lounge and dining room. Covered patio with built-in gas braai. Open plan granite kitchen and separate scullery. 2 Decently sized bedrooms downstairs with full bathroom. 2 Upstairs bedrooms (main with a separate dressing area and private covered balcony).

Double garage, ample visitor parking, staff accommodation, manicured garden with auto irrigation.

HELEEN NYSCHENS 082 337 7755 thenyschens@everitt.co.za 011 463 2033

WEB REF: 3244888

WEB REF: 3246306

GREEN POINT • R 6 500 000 CHARACTERFUL AND COZY VICTORIAN HOME North facing, freestanding, 3 bedroom home. The high-ceiling lounge (with bay window) and dining room still has the original fire places and Oregon pine floors. The home has beautiful pressed ceilings in the passage way which creates a feeling of old world warmth.

PETRICK FOURIE • 083 443 1929 • petrick.fourie@everitt.co.za 021 434 8755

MONTAGU • R15 200 000 A TRULY UNIQUE 55SQ KM EXCLUSIVE RETREAT This large beautiful 700sqm² lodge with 5 bedrooms and bathrooms offers magnificent living space. The expansive entertainment patio's offers 360° views of this magnificent landscape. Modern kitchen and bathroom finishes.

NELDA WIESE 083 303 9400 • nelda.wiese@everitt.co.za 023 614 3279

3140053 WEB REF: 3243621

WEB REF: 2526477

GREEN POINT • R 2 325 000 APARTMENT IN THE HEART OF GREEN POINT This 1 bedroom apartment offers enough space for your heart to finally be content. From the bedroom you're led out to a well sized sunny balcony within a stone’s throw from the Cape Town Stadium.

This apartment includes an undercover parking.

PETRICK FOURIE • 083 443 1929 • petrick.fourie@everitt.co.za 021 434 8755

PLETTENBERG BAY • R6 900 000 LOOKOUT BEACH - POORTJIES SOLE MANDATE: The ocean on your doorstep. This world renowned successful 8 Bedroom en-suite B&B with expansive living areas is the bargain of the year! Ideal for an entrepreneurial couple or extended family.

LAURETTE STORM 083 281 4069 • laurette.storm@everitt.co.za 044 533 5250

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WEB REF: 2645821

RIVERCLUB/DUXBERRY SECURITY ENCLOSURE • R5 599 000 A CLUSTER-STYLE LIFESTYLE An exclusive 565 sqm² modern lifestyle. Entertain in the cinema lounge with a cocktail bar or on the entertainers patio beside the pool.

Natural light, volume and easy living completes the designs. Garden nook and features. 4 Suites. Staff suite. Double automated garage.

BARBARA PIPOLO • 083 307 3529 • barbara.pipolo@everitt.co.za 011 463 2033

WEB REF: 3242956

PLETTENBERG BAY • R6 500 000 BRACKENRIDGE SOLE MANDATE: Tsitsikama to robberg views. 4 Bedrooms en-suite, pub, dining, lounge, main bedroom and rim-flow pool are all sea facing. A secure investment in this stunning Plett indigenous eco estate.

ANTON NELL 072 600 5885 • antonn@everitt.co.za 044 533 5250