Seeff Property Atlantic Seaboard by The Creative Group

MASTERING THE INTRICACIES OF HOME OWNERSHIP Handling property transactions flawlessly is second nature to us.

MORE THAN JUST THE PAPER WORK

FROM THE CHAIRMAN

R E A L E S TAT E S E T F O R A SPLENDID SUMMER This is by all accounts a good year for property and especially for sellers. History has shown that it was always just a matter of time before buyers would return in numbers as we have seen since early last year and into this year. Buyers continue flocking to show houses, properties are selling faster and for close to and, in some instances even more than the asking price. Almost across the board, buoyant demand and severe stock shortages underpin the good selling conditions. Even at the top end, more R20 million-plus trophy homes have sold on the Atlantic Seaboard and in other primary areas, many at record prices. Boosted by the weak rand and improved Euro economies as well as an influx of African and Middle and Far Eastern buyers, foreign buyer activity improved notably early this year and more of the same is expected over the impending tourist season. As the market emerges from one of the toughest down-cycles, this remarkable turnaround against the backdrop of a lacklustre economy clearly underscores the resilience of the South African residential market. As we head into the busy summer months, there is every indication that it is on solid ground and, that this will be good year for property. Regardless of where you choose to own property, South Africa offers one of the best lifestyles in the world. The warm climate, magnificent beaches, excellent views and top class infrastructure are all reasons that continue to attract visitors, local and foreign buyers and investors to the property market. Cape Town property in particular is not only sought-after, but continues to grow in value and, despite taking the occasional cyclical dip, always bounces back. Annually, about a million local and international visitors descend on the city and, viewed as a good investment, the Cape is where most buyers want to put their money; local, upcountry and foreigners alike. Growing international acclaim, the global honour as 2014 World Design Capital, beautiful Blue Flag beaches, world heritage sites such as Robben Island, Table Mountain and the Cape Floral Kingdom and world-class wineries, are just some of the factors that add to the desirability of property here. Already, the Cape property market was in a much stronger position than that of Johannesburg last year and there is every reason to look forward to a busy summer sales season. Contact your nearest Seeff branch today or visit www.seeff.com for more information.

SAMUEL SEEFF, CHAIRMAN

smart move | www.seeff.com

ATLANTIC SEABOARD & CITY BOWL

BANTRY BAY | R58 000 000 SUSPENDED ABOVE THE OCEAN IN A FOREST SETTING Bedrooms 5 Bathrooms 5 Garages 2 Parking 4 WEB 332652 Designed by renowned architects, Van Der Merwe Miszewski, this contemporary masterpiece is a symphony of light, steel, glass and timber and is positioned to capture the spectacular sea view whilst integrating the branches of the gum trees into the living experience.

[O] 021 434 9175 LANCE COHEN 082 416 6103

MESSAGE FROM THE MD

CAPE TOWNâ&#x20AC;&#x2122;S ATLANTIC SEABOARD, CBD AND CITY BOWL PROPERTY A SOLID BET FOR BUYERS With Cape Town in South Africa recently scooping fourth place in the prestigious Conde Nast Travellerâ&#x20AC;&#x2122;s Top 25 World Cities, there is little doubt that it is a special city with wonderful scenery, world heritage marvels and top class infrastructure. This is the latest in a string of accolades that includes the global honour of being the 2014 World Design Capital. It therefore leaves little doubt that if you are going to invest in property, then Cape Town is it, especially on the premier coastal strip that runs from the Atlantic Seaboard to the V&A Waterfront and into the city centre and City Bowl. Boasting five of the country s most valuable suburbs - Clifton, Bantry Bay, Fresnaye, Camps Bay and the A Waterfront that, along with all of the suburbs that make up this premier residential belt, has historically delivered some of the best capital growth in the country, investing in property here remains a solid bet for buyers. The location is world-class. With Table Mountain and ion s Head as a scenic backdrop and the Atlantic Ocean and stretches of sandy, white beaches including internationally accredited Blue Flag beaches) to the front, the setting is just about as scenic as you can ask for. Add to this, vibrant promenades filled with trendy street cafes and restaurants, bars and restaurants and the cosmopolitan lifestyle is quite unmatched. Even in the city centre, the streets are lined with hip eateries and fine dining restaurants, bouti ues, art stores, bars, clubs, theatres and just about every convenience that you would want for. When it comes to real estate, the offering is world-class, yet still very affordable by international standards. For buyers, there is variety to suit every lifestyle need and budget. Most of the areas enjoy close proximity to the beaches and excellent facilities in the immediate vicinity including the vibrant inner city and A Waterfront precinct with its harbour-lined restaurants and five-star shopping. Access to the many attractions of the Cape including the scenic Winelands with its world-renowned wineries is also relatively easy along several main arterial roads that lead out of the city. In terms of the property market, it has stood the test of time and remained resilient amidst a challenging economic environment and has regained much of its strength over the last two years. Demand is buoyant as buyers are once again clamouring to secure a piece of this real estate haven. Coming of a strong year and busy winter, we head into yet another sizzling summer for real estate. Whether you are looking for a residential, investment or holiday home, you are sure to find the perfect property at a competitive price here. Foreign buyers too can still find excellent value and, be sure to speak to Seeff today for the best selection of top class property on the market and also to obtain a guide to buying in property in English, German and even in Russian! Contact your nearest Seeff branch today, the Atlantic Seaboard on 021 434 9175, V&A Waterfront on 021 425 5970 and the CBD/City Bowl on 021 423 9146 or visit www.seeff.com. IAN SLOT Licensee, Seeff Atlantic Seaboard, V&A Marina, City Bowl and CBD.

Photographs Supplied

THE BIG

PICTURE WITH THE DIZZYING PRICES COMMANDED BY BIG-TICKET ARTWORKS, INVESTING IN ART MAY SEEM LIKE A PASSPORT TO RICHES. BUT APPEARANCES CAN BE DECEIVING, SAYS MATTHEW PARTRIDGE

SEEFF_NOV_ART_INVESTORS_17 NOVEMBER.indd 54

2014/11/21 9:46 AM

INVESTMENT INTELLIGENCE

THIS PAGE Cape Town’s Brundyn+ gallery has earned a reputation as a port of call for collectors and curators seeking visionary and historically significant South African contemporary art OPPOSITE The Turbine Art Fair is a friendly setting for those wanting to start collecting affordable local art. Shown here is ‘Need(le)Work’ by Bronwen Salton (part of the Fresh Produce exhibition)

nvesting in art is always a tricky subject to write about because there are so many elements that need to be considered. The first rumour to dispel is the ‘get rich quick’ fallacy. Art is expensive, no doubt, but if you’re looking to double your money overnight, you’re in the wrong place. Baylon Sandri, owner of the Stellenbosch Modern and Contemporary (SMAC) gallery, notes that art is 'illiquid – unlike conventional investing, where assets can be traded with relative ease over short time frames and within established margins’. The scale used for establishing the value of an artwork is almost entirely manufactured by a web of players who are continually re-stacking the decks. The art world is dominated by private sales, and the details of who sells and for how much never reach the public domain. The real commerce of the art world is kept to a clutch of insiders – typically dealers – who have their own interests to protect. That is why it is near impossible to make money by investing in art if your intentions are purely commercial. So you need to be a little savvier when choosing where to put your money. The concept of ‘investment’ also needs to be looked at holistically. As Sandri says, if you think of an investment as a long-term gain and are not motivated by short-term profits, then you are on the right track. Investing in art does not mean simply buying one artwork and hoping that it will appreciate in value; rather, at the core of making an investment in art is building a collection.

COLLECTIVE GENIUS A collection can be built in several ways but, ultimately, speaks of your journey through the process of buying and loving the objects that you choose to surround yourself with. Artworks have no use beyond their aesthetic appeal. Sure,

they may be calming or decorative, but they will never be used for anything other than as a curious commodity that reflects an individual's taste. Investing in art, then, is about investing in the career of the artist whose work you have chosen to buy – because artworks, too, have careers. The key is research. When choosing young artists, it helps to know how they relate to their contemporaries by comparing details such as where they have exhibited and how frequently, or in what collections they are represented. In short, it is crucial to keep a level head and to do your homework – gut instinct is important but, when spending significant sums of hardearned money, it pays to be calculating.

FRAME OF REFERENCE Unless you are lucky enough to be purchasing directly from the artist’s studio, there are two other locations where you can buy art: the primary market, such as an art gallery or an art fair, and the secondary market, such as auction houses and art dealers. Both have their merits as well as their pitfalls. Art galleries are considered to be the gatekeepers of taste. It is in their best interests to establish and protect the market value of an artist (although not necessarily of their careers). Consequently, they are often guilty of over-inflating prices in order to build hype around an emerging artist (not to mention earn a sizable commission for themselves). The best time to get a sense of how the market averages out on the primary market is when all the galleries come together to show their stock and, effectively, lay their cards on the table. This is the role of the art fair. Art fairs are a relatively new concept in South Africa. Traditionally, they are little more than a dressed-up trade fair at which vendors market their goods and set the trends for the forthcoming season.

Currently in its seventh year (and the oldest fair in the country), the FNB Joburg Art Fair opens in August and follows the traditional model of the international art fair. Founder Ross Douglas identifies three major benefits that art fairs provide to the buyer. First, he notes, ‘galleries often keep their best works back to show at art fairs’, which consequently serves as a good way to measure a gallery’s stable. The second advantage that Douglas sees, particularly in the case of the FNB Joburg Art Fair, is that ‘it is a great place to discover new artists from the continent’. The FNB Joburg Art Fair has several foreign galleries that exhibit, giving it a distinctly international flavour. Finally, Douglas explains that the greatest advantage of these events is the opportunity to spot trends ‘by looking at what people are buying across the board’. It’s necessary to add, however, that the downside to having so few established art fairs is that you do not necessarily get an objective look at the playing field, owing to practical considerations, such as location and exhibitor numbers. Set in the central business district of Sandton and hosted by Artlogic, the FNB Joburg Art Fair also has its diversity limited by the cost of exhibiting. Due to this factor, smaller galleries are not as willing to buy into the model and a lot of artists are subsequently excluded from the equation. Another factor is the provincial situation of such an event – as art costs a considerable amount to transport, a vast majority of smaller galleries based in Cape Town have in the past chosen not to participate. However, this monopoly was challenged by the introduction last year of the Cape Town Art Fair, courtesy of events company Fiera Milano, which has created a market platform that has been conspicuously absent and sorely needed.

SEEFF PROPERTY ISSUE 1, 2014 5

SEEFF_NOV_ART_INVESTORS_17 NOVEMBER.indd 55

2014/11/21 9:46 AM

Cape Town’s tourism appeal means that the timing of the fair – at the beginning of the year – is a well-considered decision. Nevertheless, much like its Joburg cousin, the prices may be intimidating to the first-time buyer. At this fair, too, many galleries adopt the same approach they do in Joburg, focusing their efforts on representing a few artists with major works. ‘That’s my strategy,’ admits Jonathan Garnham, owner of Blank Projects. As the Cape Town Art Fair is only in its second year, Garnham speculates whether South Africa has the ability to sustain two art fairs. Showing big, bold abstract paintings by Kerry Chaloner and Jan-Henri Booyens, whose works were sold on the opening day of the fair, suggests, however, that there is room in the market for outstanding works. A similar opinion is held by Justin Rhodes, owner of Whatiftheworld Gallery in Cape Town. ‘The thing about art fairs is that you have to buy unique works that you feel are not going to be there tomorrow,’ he advises. Having

THIS PAGE, TOP LEFT TO RIGHT Andrzej Urbanski, represented by Salon91, was one of the young artists who showed at the Turbine Art Fair. This mixed-media canvas is priced at R24 000; self-taught Capetonian artist Paul Senyol (also represented by Salon91) was a finalist in the Absa L'Atelier Competition. This mixed-media work by him is entitled ‘Beyond’ OPPOSITE, CLOCKWISE FROM TOP LEFT ‘Neighbour’ by Michael Taylor, and ‘The Exes’ by Georgina Gratrix are limited-edition prints available from Warren Editions; the Stellenbosch Modern and Contemporary (SMAC) gallery assists local artists in gaining access to the international art market

exhibited at all the Joburg events as well as at several international fairs, he should know. Some of the popular favourites earmarked by Rhodes in Whatiftheworld’s stable include painter Michael Taylor, whose work regularly sells out, as well as Dan Halter and Cameron Platter, who will be showing at this year’s fair in Joburg. ‘If Cape Town markets itself well enough overseas, it should be very successful in attracting international audiences because of the city’s appeal as a travel destination,’ Rhodes anticipates. One of the highlights of this year’s Cape Town Art Fair was undoubtedly upcoming artist Jody Paulsen, whose bold felt collages with their distinct pop sensibility proved a hit with buyers and earned him a considerable commission for the Zeitz Museum of Contemporary Art Africa, which is being built at the V&A Waterfront and is due for completion in 2016. ‘I was lucky to have that much big work at the fair,’ says Paulsen, whose gallery, Brundyn+, took a focused approach towards exhibiting trophy items. Paulsen has just released his own fashion label in collaboration with local menswear label Adriaan Kuiters, further suggesting that he is worth watching in the future.

ART FOR THE PEOPLE The reality that needs to be faced is that the South African art market is still relatively small and insulated, which means that it is not always very welcoming to new buyers who are starting to build a collection. This is where the Turbine Art Fair in Newtown, Johannesburg has stepped in, providing a platform for smaller galleries and those with an altogether humbler budget.

Long-time dealer and collector Warren Siebrits, whose gallery Maker exhibited at this year’s Turbine Art Fair, is enthusiastic about the event. A first-time dealer would do well to establish a relationship with dealers such as Siebrits. Open and generous with his knowledge, he deals in works by artists whose repertoires are carefully chosen for their historical value. At the 2014 Turbine Art Fair he sold a number of works by Walter Battiss, who has proven to be a major hit at auction. ‘The Turbine Art Fair was exceptionally well received,’ says Siebrits, who notes that the attendance figures doubled from last year and that on the first day alone. Identifying the points that made it successful, Siebrits says that it was ‘less stuffy’ than the other fairs – ‘It was easy for people to make contact with galleries’ – and that he spoke to a number of attendees who had been keen to build art collections but had not felt confident enough to do so at other venues. ‘A good place to start buying art is one that you are comfortable in,’ says Siebrits, who believes that there needs to a greater range of forums that facilitate a dialogue between members of the public and galleries. Speaking of his role as dealer, he says, ‘Think about it: when you facilitate a sale you’ve not only introduced a new person to the art world, but are also growing an artist’s career with such investment.’ Siebrits says that he bought a work by Andrzej Urbanski, known for his outdoor murals, from a smaller Cape Town Gallery called Salon 91. ‘I felt stoked about buying a oneoff work that I loved.’ That's a feeling he tries to encourage when facilitating a purchase.

6 SEEFF PROPERTY ISSUE 1, 2014

SEEFF_NOV_ART_INVESTORS_17 NOVEMBER.indd 56

2014/11/21 9:46 AM

INVESTMENT INTELLIGENCE

www.realestatemagazine.co.za

SEEFF_NOV_ART_INVESTORS_17 NOVEMBER.indd 57

MAY 2014

2014/11/21 9:46 AM

PRINTS CHARMING

GOING, GOING, GONE

Just because artists do not have major gallery representation doesn’t mean their works are not worthwhile additions to a collection. One of the issues to navigate carefully when buying art has to do with the kind of work in question, and here size usually does matter, especially when it comes to editions. While most galleries will encourage you to purchase original works such as paintings, these may be out of your price range; if that's the case, then prints are often a good way to begin building a collection. When buying prints, a specialist printer is usually the best place to begin. Two such galleries that specialise in prints and editions are David Krut in Johannesburg and Warren Editions in Cape Town. Strictly speaking, these are not galleries, but rather print studios where editioned prints are sold. David Krut typically deals in artists who are more established, such as William Kentridge and Deborah Bell, whereas Warren Editions is noted for representing up-and-coming artists whose careers are blossoming. One of the wonderful things about prints is that artists who are noted for their skills in other mediums, such as painting, can very often successfully translate their style into print. An example of such an artist is Georgina Gratrix: she is represented by the SMAC gallery, which sells her paintings and drawings, while her prints can be acquired through Warren Editions. Known for her distinctive use of thick impasto paint, Gratrix’s prints carry the same playful tone as her other works.

The secondary market is a great place to try your hand at buying prints if you are looking to expand your collection to older, established artists. Apart from the blockbuster sales that make headlines, auctions can be the perfect space in which to lay the foundations of a collection. The secondary market is, in many ways, kinder to the buyer, because the economic precedent of an artist’s track record has already been firmly established. By looking at the history of an artist’s prices, the prospective buyer can see what is affordable and what is outrageous, and spot a good deal when it comes along. The problem with auctions, however, is that they are often perceived as an intimidating environment in which to begin buying art. Emulating international trends by removing the traditional stuffiness associated with auctions, Strauss & Co has recently launched its online auction platform. Senior specialist Ruarc Peffers says that one of the primary benefits of this new platform is that ‘it makes good art accessible to the public on the same terms as an auction, but without the formality of such an event'. Another advantage that Peffers identifies in the online auction is that ‘it gives a less threatening platform for artwork to establish a market precedent’. Auctions are all about precedent, and their primary advantage is that all the sales history is available to the prospective buyer, which means that investments can be made after considered research.

With the advent of art fairs, which are still a relatively new phenomenon in this country, there is a similar transparency developing, with the marketplace becoming less rarified and consequently attracting new collectors. While investing in art may never bring stratospheric short-term financial gain, it will spark a fire that you will feel the constant urge to feed, and it will continue to give you pleasure as you grow your collection. And that, ultimately, is an investment in yourself.

ABOVE, FROM TOP LEFT Controversial South African artist Steven Cohen, who recently exhibited at the Museu de Arte Do Rio, is a favourite at local auctions. His untitled silkscreen on canvas fetched R28 104 at a Strauss Online auction in July; also auctioned by Strauss Online, Diane Veronique Victor’s ‘Nelson-Ash, Long Walk’ – one of the artist and printmaker’s iconic book ashand-charcoal drawings – sold for R122 955, almost five times more than its presale estimate; while Swedish-born Tom Cullberg and Capetonian Sanell Aggenbach have made names for themselves locally as painters. A cost-effective way of owning one of these artists’ works is to buy a print. Limited-edition prints of Cullberg’s ‘In the New World’ is available through Warren Editions OPPOSITE, CLOCKWISE FROM TOP LEFT ‘Rock Art’ by Walter Battiss fetched R28 104 at a recent Strauss & Co auction; Bev Butkow’s ‘Perceive Me Diversely’ is an assemblage of Perspex rods and sheeting and vinyl on wood; Sanell Aggenbach’s ‘Here and Now’, is available through Warren Editions

8 SEEFF PROPERTY ISSUE 1, 2014

SEEFF_NOV_ART_INVESTORS_17 NOVEMBER.indd 58

2014/11/21 9:46 AM

INVESTMENT INTELLIGENCE

SEEFF PROPERTY ISSUE 1, 2014 9

SEEFF_NOV_ART_INVESTORS_17 NOVEMBER.indd 59

2014/11/21 9:46 AM

INVESTMENT INTELLIGENCE

Safe and sound Tonya Lehtinen is an art storage consultant at Aspiring Logistics Group (aspiring.co.za), the only internationally accredited climate-controlled specialised art storage and crating company in South Africa. Lehtinen, who spent five years managing the Henry Moore, Picasso, Kandinsky and Giacometti collections at the Didrichsen Art Museum in Helsinki, provides pointers for safeguarding your collection. ‘The lack of sophisticated art storage in SA forces many collections to be kept in environments that are less than ideal. Aside from the peripheral support services you have access to, like crating, logistics and in-house insurance cover, a professional storage facility will house work in a controlled climate with consistent temperatures and appropriate relative humidity. Factors like fire-retardant materials and water protection are built in, and stringent security measures are put in place to limit access to the artworks. Aside from physical safety, the biggest

advantage of storing art with a specialised art-storage company, however, is the tracking, documentation and management of each piece. These components become invaluable when accessioning work to a collection or when art works get recalled from storage for exhibition. Condition reports are updated, location and tracking are recorded and work is packed on site by whitegloved handlers for transport. ‘There are art logistics and storage companies that offer the option of curated floor space or cubicles, and have professional consultants on hand to advise on the layout and planning of your private cubicle. A viewing room may also be provided, which is ideal for photographing, evaluating or viewing artworks without having to transport them to an alternative location.’ Fine Art Logistics (011 404 1421) and Knox Titanium Vault Company (knoxvault.co.za) offer secure art storage in Joburg, albeit without climate control.

TOP LEFT The ‘Doppels’ wall installation by Karin Lijnes was exhibited at the Turbine Art Fair by the Lovell Gallery. TOP RIGHT Turbine Hall

USEFUL INFO Galleries

Turbine Art Fair Aimed at educating buyers and enlarging the art market, the annual Turbine Art Fair, which took place in July at Newtown’s Turbine Hall, attracted almost 6 000 visitors. A showcase of contemporary local art (more than 40 galleries exhibited), the fair emphasises accessibility and affordability: all works are priced below R30 000. ‘Too few people have the opportunity to acquire art, let alone the confidence to start their own collections, which is why we started the Turbine Art Fair,’ says Glynis Hyslop, managing director of The Forum Company, the fair’s organiser and sponsor.

Blank Projects blankprojects.com Brundyn+ brundyn.com David Krut davidkrut.com Maker makerstudio.co.za Salon 91 salon91.co.za Stellenbosch Modern and Contemporary smacgallery.com Warren Editions warreneditions.com Whatiftheworld Gallery whatiftheworld.com

Art fairs

Cape Town Art Fair artfaircapetown.co.za FNB Joburg Art Fair fnbjoburgartfair.co.za Strauss Online straussart.co.za/straussonline Turbine Art Fair turbineartfair.co.za

10 SEEFF PROPERTY ISSUE 1, 2014

SEEFF_NOV_ART_INVESTORS_17 NOVEMBER.indd 60

2014/11/21 9:46 AM

ATLANTIC SEABOARD & CITY BOWL

CAMPS BAY | R35 000 000 PERFECTION! POSITION! PASSION! Bedrooms 5 Bathrooms 5 Garages 4 Parking 4 WEB 313407 x uisitely designed luxury home with spacious entertainment areas

stunning views.

[O] 021 438 1055 LYN POPE 082 575 1999 | ROCHELLE SERMAN 072 239 4449

ATLANTIC SEABOARD & CITY BOWL

CAMPS BAY | R32 000 000 PINNACLE OF LUXURY IN DESIGN AND DÉCOR Bedrooms 6 Bathrooms 6 Garages 2 Parking 2 WEB 319674 uxurious

star outi ue

uesthouse, with spectacular views.

owner s

bedroomed enthouse.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 | LYN POPE 082 575 1999

ATLANTIC SEABOARD & CITY BOWL

CAMPS BAY | R30 000 000 EXQUISITE VILLA IN PRIME WALK TO BEACH LOCATION Bedrooms 5 Bathrooms 5 Garages 4 Parking 4 WEB 330826 Spectacular sea and mountain views from this sumptuous home with private lift access. A must to view.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 | LYN POPE 082 575 1999

ATLANTIC SEABOARD & CITY BOWL

CAMPS BAY R28 000 000 SUBLIME VIEWS! LUXURY! PRIVACY! Bedrooms 5 Bathrooms 5 Garages 3 Parking 3 WEB 331543 Magnificent villa in prime position on seaside of sought after wind protected Medburn oad.

[O] 021 438 1055 LYN POPE 082 575 1999 ROCHELLE SERMAN 072 239 4449

CAMPS BAY R25 000 000 WORLD CLASS RESIDENCE Bedrooms 6 Bathrooms 6 Garages 4 Parking 5 WEB 324457 his magnificent home boasts spectacular views and is perfect for entertaining and family living.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 LYN POPE 082 575 1999

SALES

BANTRY BAY : This luxury 600sqm apartment in The Bantry was sold by Seeff for the record price of R42, million

time to make

the smart move A GOO D T I ME F O R S M A RT S E L L E R S T O C A S H IN ON TH E B U OYA N T DEM AND F O R AT L AN T IC S E A B OA R D , C B D A N D CITY B OWL PROPERTY Selling conditions on the Atlantic Seaboard, CBD and City Bowl continue to improve and smart sellers are cashing in on the soaring demand, says Ian Slot, Seeffâ&#x20AC;&#x2122;s managing director for the areas. Trade in the exclusive suburbs of Clifton, Bantry Bay, Fresnaye, Camps Bay and at the V&A Waterfront is at the best levels since 2009. Properties are selling twice as fast and the difference between the asking and selling price is now well under 10% in most instances. The average prices continue climb and trumps the national average of 7%-8% as these prime areas continue to prove its investment value, continues Slot. Buyer interest is almost across the board - local buyers are trading up and down while upcountry buyers are once again investing in second and holiday homes. Foreigners, mostly from the UK and Europe along with African, Middle and Far Eastern buyers are once again investing their cash in property here. Moving from a buyers market five years ago, conditions now most certainly favour serious sellers. On the back of wide-scale stock shortages, both in the sub-R10 million sector and at the top end of the market, it is an ideal time for sellers to put their property on the market, says Slot. In areas such as Fresnaye and Bantry Bay, the demand for houses below R12 million exceeds supply, say agents, Karen Lurie and Colette Jackson. We are simply unable to keep up with the buyer enquiries and anyone looking to sell right now is likely to find a buyer and a good price. Camps Bay agents, Pola and Nadine Jocum and Chrys Mammous say that the first 10 months of 2014 has set a sales record almost doubling their 2013 turnover. The level of activity is still high, but sellers need to take into account that buyers at the upper end of the market expect quality commensurate with price. The agents advise that it is a good time presently for sellers to take advantage of the shortage of stock where buyers are prepared to compromise and are making quick buying decisions. Even at the top end there is a shortage of stock, says luxury market specialist, Lance Cohen. Bantry Bay, Fresnaye and Clifton in particular is seeing strong demand and the agent has already made several top end sales including the sale of a luxury villa in Fresnaye for just under R65 million and a luxury Clifton property for just under R56 million as well as a

tract of land in Clifton for R70 million, all of these the highest prices paid this year. Luxury sectional title agents, Adrian Mauerberger and Rosa Karp say that big budget buyers, both residential and investors are once again shopping for apartments, especially in the R3-R9 million price range. Even at the top end, buyers are prepared to pay up to the record price of R42, million for a 600sqm luxury unit in The Bantry, sold by the agents. Activity over the past few months at the V&A Waterfront have been at the highest levels since 2008, say agents, Ross Levin and Kim Bailey. Here too, Seeff has concluded a number of high end sales above the R20 million price band, say the agents. For more information, contact Seeff Atlantic Seaboard on 021 434 9175, V&A Waterfront on 021 425 5970 and City Bowl/CBD on 021 423 9146 or visit www.seeff.com.

CLIFTON : This luxury Clifton villa was sold by Seeff for R55,86 million.

ATLANTIC SEABOARD & CITY BOWL

FRESNAYE R24 950 000 NEW RELEASE - GRAND VIEWS Bedrooms 4 Bathrooms 4 Garages 3 Parking 2 WEB 335173 Set in one of the most wind-free positions on the Atlantic Seaboard. Newly renovated, this home offers expansive accommodation. The large, splendid entertainment areas lead effortlessly onto a terrace.

[O] 021 434 9175 LANCE COHEN 082 416 6103

C C

CM CM

CM MY MY

MY CY CY

CY CMY CMY

CMY K K

ATLANTIC SEABOARD & CITY BOWL

FRESNAYE R24 000 000 MODERN MASTERPIECE Bedrooms 4 Bathrooms 4 Garages 4 WEB 336073 Ultra-luxurious four bedroom home, all en-suite. Floor to ceiling windows with panoramic views. Alessi designed kitchen, fully equipped by Miele.

[O] 021 434 9175 LANCE COHEN 082 416 6103

CAMPS BAY R18 500 000 GLEN SEAVIEW LUXURY! Bedrooms 6 Bathrooms 4 Garages 2 Parking 4 WEB 328321 Classic & sophisticated spacious open-plan living. Ideal entertainment terraces. Features incl. jacuzzi, pool, Koi pond, pizza oven, study & staff Q. Walk to beach!

[O] 021 438 1055 POLA 083 261 0116 NADINE 072 230 1947 | CHRYS 072 470 525

ATLANTIC SEABOARD & CITY BOWL

V&A WATERFRONT R15 400 000 + VAT SLEEK AND SENSUOUS! Bedrooms 2 Bathrooms 2 Parking 2 WEB 306992 Magnificent apartment with top class finishes offering stunning front yacht basin views. Private jacuzzi.

[O] 021 425 5970 ROSS LEVIN 082 570 9111 KIM BAILEY 083 448 2632

UPPER GREEN POINT R14 950 000 ON TOP OF THE WORLD Bedrooms 3 Bathrooms 3 Garages 2 WEB 322416 Super sophisticated living with an edge. Situated in the last road up on Signal Hill, this modern 3 bedroom, 3 bathroom house has it all. Breathtaking views of the ocean, Green Point stadium & Robben Island.

[O] 021 434 9175 DEBBIE KOPING 082 449 7704 JESSICA ROTHER 072 829 3601

ORANJEZICHT R14 900 000 A PRIME ADDRESS WITH SPECTACULAR VIEWS Bedrooms 6 Bathrooms 5 Garages 4 Parking 1 WEB 336655 A modern home with an artistic, organic feel. Versatile accommodation and guest-house potential.

[O] 021 423 9146 MICHAEL HAUSER 082 888 0970 DORIS RICKETTS 082 898 0519

ATLANTIC SEABOARD & CITY BOWL

CAMPS BAY R12 900 000 EXQUISITE VIEWS OVERLOOKING BALI BAY! Bedrooms 12 Bathrooms 10 Parking 10 WEB 329655 Walk to beach position on corner site affording 360° views of mountain & sea. This substantial home lends itself to extended family trips and/or holiday lets. Accom includes self-contained flat.

[O] 021 438 1055 POLA 083 261 0116 NADINE 072 230 1947 | CHRYS 072 470 5252

CAMPS BAY R12 900 000 EXQUISITE VIEWS FROM THIS GORGEOUS VILLA Bedrooms 4 Bathrooms 3 Garages 2 Parking 2 WEB 320244 Peace, tranquility & nature surround this elegant family home with spacious living areas.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 LYN POPE 082 575 1999

CAMPS BAY FROM R12 150 000 + VAT LITTLE GLEN VIEWS | PERFECTION BY DESIGN Bedrooms 4 Bathrooms 4 Garages 2 Parking 2 WEB 335681 4 Magnificent designer ocean facing villas affording the ultimate lifestyle. NEW DEVELOPMENT – selling off plan.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 POLA JOCUM 083 261 0116

ATLANTIC SEABOARD & CITY BOWL

CAMPS BAY R12 600 000 + VAT HI-TECH MINIMALISTIC DESIGN Bedrooms 6 Bathrooms 6 Parking 2 WEB 237889 Superbly designed to take in every nuance of sea & mountain views featuring 6 bedrooms, all luxuriously en-suite of equal double-roomed proportions nestled around spacious lounges.

[O] 021 438 1055 POLA 083 261 0116 NADINE 072 230 1947 | CHRYS 072 470 525

TAMBOERSKLOOF R11 200 000 UNIQUE FAMILY VILLA Bedrooms 7 Bathrooms 8 Garages 2 WEB 323279 Breath-taking views of the City and Table Mountain. Sparkling pool set in a tropical paradise. Tandem garage and so much more â&#x20AC;Ś.

[O] 021 423 9146 MICHELE APPERLEY 072 952 1444 HOFNI SCJHOEMAN 076 851 8164

CAMPS BAY R10 950 000 SWEEPING OCEAN & MOUNTAIN VIEWS! Bedrooms 4 Bathrooms 4 Garages 3 Parking 3 WEB 329480 Lock-up & go easy living in beautiful tranquil setting. A modern blend of stone, glass & wood. Features include roof deck, pool, lift & triple garage.

[O] 021 438 1055 POLA 083 261 0116 NADINE 072 230 1947 | CHRYS 072 470 525

ATLANTIC SEABOARD & CITY BOWL

HIGGOVALE R10 000 000 #THIS VIEW & MOREâ&#x20AC;Ś. WEB 323836 ust imagine building your dream home on m , prime land in sought after iggovale. he views are magnificent, overlooking the ity and able Mountain.

[O] 021 423 9146 MICHELE APPERLEY 072 952 1444 HOFNI SCHOEMAN 076 851 8164

CAMPS BAY R9 995 000 SPECTACULAR VIEWS ACROSS THE OCEAN! Bedrooms 3 Bathrooms 2 Garages 2 Parking 2 WEB 327568 orgeous compact home exudes modern charm entertainment areas.

style with spacious

[O] 021 438 1055 LYN POPE 082 575 1999 ROCHELLE SERMAN 072 239 4449

CAMPS BAY R9 995 000 LUXURY GLENSIDE VILLA Bedrooms 4 Bathrooms 4 Garage 1 Parking 1 WEB 271761 pacious inter leading living areas flowing to wrap around decks with spectacular views.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 LYN POPE 082 575 1999

ATLANTIC SEABOARD & CITY BOWL

V&A WATERFRONT R9 500 000 + VAT AN EXPRESSION OF STYLE! Bedrooms 2 Bathrooms 2 Parking 2 WEB 331273 Designer apartment with amazing views of the front yacht basin over the quarterdeck from the supersized balcony.

[O] 021 425 5970 ROSS LEVIN 082 570 9111 KIM BAILEY 083 448 2632

V&A WATERFRONT R8 500 000 A GLORIOUS STATEMENT! Bedrooms 2 Bathrooms 2 Parking 2 WEB 333373 High-demand opportunity with private pool. Well-sized bedrooms, superbly en-suite. Plus: Store room.

[O] 021 425 5970 ROSS LEVIN 082 570 9111 KIM BAILEY 083 448 2632

CAMPS BAY R6 995 000 STYLISH STARTER FAMILY HOME! Bedrooms 3 Bathrooms 2 Garage 1 Parking 1 WEB 336047 Attractive easy flow home with lovely garden & pool in good location. EXCELLENT VALUE!

[O] 021 438 1055 LYN POPE 082 575 1999 ROCHELLE SERMAN 072 239 4449

ATLANTIC SEABOARD & CITY BOWL

UPPER GREEN POINT R6 995 000 THE IDEAL LOCK UP AND GO Bedrooms 4 Bathrooms 2 Garages 2 WEB 335270 n elevated position in pper reen oint you ll find this north facing house with bedrooms, bathrooms and amazing views across the ocean to obben sland and the reen oint tadium.

[O] 021 434 9175 JESSICA ROTHER 072 829 3601 DEBBIE KOPING 082 449 7704

BANTRY BAY R6 500 000 IMMACULATE AND BRAND NEW Bedrooms 2 Bathrooms 2.5 Parking 2 WEB 335977 ith expansive ocean views. xceptional finishes, excellent use of space the full package.

[O] 021 434 9175 ADRIAN MAUERBERGER 082 826 6454 ROSA KARP 083 275 5474

V&A WATERFRONT R5 600 000 FOR THE DISCERNING BUYER! Bedroom 1 Bathroom 1 Parking 1 WEB 331484 Modern apartment, sold fully furnished. ecure complex with access controlled security.

[O] 021 425 5970 ROSS LEVIN 082 570 9111 KIM BAILEY 083 448 2632

hour

ATLANTIC SEABOARD & CITY BOWL

V&A WATERFRONT R4 200 000 LOCATION, INNOVATION & INSPIRATION! Bedroom 1 Bathroom 1 Parking 1 WEB 334904 Breath-taking, panoramic views from each room. Modern open-plan living areas plus a guest loo.

[O] 021 425 5970 ROSS LEVIN 082 570 9111 KIM BAILEY 083 448 2632

CAMPS BAY R4 350 000 SECURE YOUR PERFECT HOLIDAY INVESTMENT Bedroom 1 Bathroom 1 Parking 2 WEB 336959 Simply gorgeous garden apartment with spectacular, unobstructed sea views. Including furniture & appliances.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 LYN POPE 082 575 1999

VREDEHOEK R3 495 000 HOME IS WHERE THE HEART IS Bedrooms 3 Bathrooms 2 Garage 1 WEB 334772 Step inside this wonderful property, and fall in love. Perfect in so many ways. Wooden floors, high ceilings, and a wonderful energy bounce off the walls. An entertainer's delight. Magnificent views.

[O] 021 423 9146 TARYN LEWIS 082 909 2991

ATLANTIC SEABOARD & CITY BOWL

FRESNAYE R5 250 000 YOUR FOOTHOLD IN FRESNAYE Bedrooms 3 Bathrooms 2 WEB 332968 orgeous character compact home in sought after resnaye exuding charm and style. rivate patio, garden and decked pool area. nvestment potential existing long term tenant in place.

[O] 021 434 9175 COLETTE JACKSON 082 411 1234 KAREN LURIE 083 655 2095

BANTRY BAY R3 395 000 MODERN APARTMENT IN WINDFREE BANTRY BAY! Bedrooms 2 Bathroom 1.5 Parking 1 WEB 335445 erfectly renovated east facing apartment with open balcony offering good sea views in complex with hr concierge.

[O] 021 434 9175 HILARY BICCARI 083 251 2233 JP RICKETTS 072 142 3781

GREEN POINT R3 105 000 LOOK NO FURTHER! Bedrooms 2 Bathrooms 2 WEB 335819 D bedroom garden apartment with intimate splash pool and private viewing deck. ntertainers delight n oy sundowners in the pool while looking out to sea. ots of character.

[O] 021 434 9175 JP RICKETTS 072 142 3781 HILARY BICCARI 083 251 2233

ATLANTIC SEABOARD & CITY BOWL

ORANJEZICHT R1 800 000 PANORAMIC ALL AROUND VIEWS! Bedrooms 2 Bathroom 1 WEB 337391 North-facing with sea and city views. Seldom found top floor corner unit.

[O] 021 423 9146 BERNICE MUSIKANTH 083 444 3434 BRYAN GINSBURG 083 984 2680

GARDENS R1 600 000 HARD TO FIND AND CONVENIENTLY SITUATED! Bedrooms 2 Bathroom 1 Garage 1 WEB 336402 Tucked away at the back of the block with 1 lock-up garage. Secure ground floor apartment with small balcony.

[O] 021 423 9146 BERNICE MUSIKANTH 083 444 3434 BRYAN GINSBURG 083 984 2680

GARDENS R1 200 000 DUE NORTH WEST FACING-LIGHT AND BRIGHT! Bathroom 1 Parking 1 WEB 336408 Modern and trendy bachelor. Situated in The Fringe. Secure block with 24-hour security-roof top pool and deck.

[O] 021 423 9146 BERNICE MUSIKANTH 083 444 3434 BRYAN GINSBURG 083 984 2680

ATLANTIC SEABOARD & CITY BOWL

BANTRY BAY | R1 150 000

BANTRY BAY | R875 000

FAB PAD IN BANTRY BAY!

4 WEEKS ANNUALLY FOR PRIVATE USE!

Bathroom 1 WEB 337410 enovated north facing studio apartment with lots of light and glimse of the sea, rental parking bay included. [O] 021 434 9175 BIANCA GUTTERIDGE 082 371 6900 | HILARY BICCARI 083 251 2233

17 Oct Bisset half_pg Robert Ferrandi Press Ready CMYK.indd 1

Bedroom 1 Bathroom 1 WEB 293429 xcellent antry ay at the

tar resident otel. restigious holiday apartment in rental pool. uperb sea views.

[O] 021 434 9175 BIANCA GUTTERIDGE 082 371 6900 | HILARY BICCARI 083 251 2233

2014/10/17 2:51 PM

S T Y L I S H | N E W | S PA C I O U S | S E C U R E

devonshire

S P O I LT F O R C H O I C E 14 Stylishly re-furbished apartments, excellently situated, ready for immediate occupation. Devonshire is ideally positioned in vibey Green Point, in the heart of all the action, close to the V&A Waterfront, Cape Town’s CBD, Green Point Urban Park and Sea Point Promenade. Selection of One, Two and Three Bedroom Units Priced from R1,7mil – R3,4mil. Security Guard at entrance, building enclosed with remote access to parking and garaging. Spacious completion

apartments by

end

si ing

from

January

2015.

m For

the

12 m

with

outdoor

finishes

that

enthusiasts,

Table

will

impress

Mountain,

schedule

Signal

Hill

available .

and

Lions

Occupation Head

are

on short

phase drive

will

away,

be not

immediate to

mention

and the

remaining indoor

and

units out-

door gym facilities and Metropolitan Golf Club to maintain an active lifestyle. Ideal for families, with children’s play areas, mini train, mini golf, jungle gyms which are safe and

well

maintained

and

within

walking

distance.

Food

and

coffee

lovers,

are

spoilt

for

choice

with

funky

eatery’s

only

blocks

away

from

your

Part of the

TARYN 082 449 1707 taryn.selmon@seeff.com JP 072 142 3781 jp.ricketts@seeff.com www.seeff.com WEB 338158

new

home

Devonshire.

W H AT O U R C L I E N T S T H I N K O F S E E F F ’ S

R E N TA L S T E A M

BARBRA-ANN BRINER

VIVIEN ADLER

TAMAR CHEERIN

CHRISTINE IRELAND

“Barbra Ann has been an absolute pleasure to work with. She is professional at all times, a good communicator, and worked extremely hard to see all aspects of a complicated implementation through to conclusion. I wouldn’t hesitate to recommend her to any prospective landlord.”

“Vivien is professional, knowledgeable, efficient and reliable and remains friendly and approachable at the same time. I am most impressed with her and would most definitely recommend her.”

“I am very happy with the professional level of engagement, from Tamar and I am looking forward to further business engagements.”

“Very happy with the service Christine has given me! If I had more property in the area, I would hand it over to her.”

ELZUNIA SINGER

KASIA WATCH RST

“Baie goeie effektiewe terugvoer en opvolg selfs oor die groot afstand. Behulpsaam en ek sal julle enige dag aanbeveel.”

Kasia is the most effi cient, reliable and hard working agent we have met. She really has been fantastic and I would recommend her to anyone. She is simply brilliant!!!!

CRAIG WATCH RST

“Craig’s response to our enquiry was very quick and the communication throughout until we picked the key’s up was first rate. We were not getting that with other agencies... not even close.”

SAMANTHA MURPHY

“Sam has been amazing!!”

RENTED OVER 53 MILLION RAND IN 2014! An exemplary unparalled record of success in property – let us do the same for you *January – October 2014

smart move

www.seeff.com

ATLANTIC SEABOARD RENTALS

CAMPS BAY R80 000.00 P/M A SYMPHONY OF WOOD, GLASS, WATER, AIR AND LIGHT! Bedrooms 3 Bathrooms 3 Parking 2 WEB 329938 his unfurnished villa is uni uely situated on the beachfront, has the latest in technology installed and is available for long term rental only.

[O] 021 434 9175 VIVIEN ADLER 083 310 0827 BARBRA-ANN BRINER 082 418 8800

CLIFTON R75 000.00 P/M DIRECT ACCESS TO CLIFTON FIRST BEACH Bedrooms 3 Bathrooms 2 Parking 2 WEB 329619 pectacular furnished apartment with separate study, sauna, staff accommodation and swimming pool in exclusive block.

[O] 021 434 9175 VIVIEN ADLER 083 310 0827 BARBRA-ANN BRINER 082 418 8800

GREEN POINT R40 000.00 P/M FURNISHED VICTORIAN COTTAGE Bedrooms 3 Bathrooms 2 Garage 1 Parking 1 WEB 326444 ully furnished three bedroom Victorian house situated in the village of reen oint, beautiful open plan living areas with original wooden floors and fireplace in the main bedroom.

[O] 021 434 9175 KASIA WATCHURST 076 559 1720

RENTALS

SURGING RENTAL DEMAND, STOCK SHORTAGES ACROSS THE ATLANTIC SEABOARD AND CITY BOWL SUBURBS The residential rental market across the suburbs of the Atlantic Seaboard and City Bowl is performing well and delivering excellent returns for landlords according to Ian Slot, Seeff’s managing director for the areas. Demand for long-term rental accommodation on contracts of twelve months and longer continues to surge and now outstrips supply, especially in high demand areas such as Camps Bay, Sea Point, the V&A Waterfront and the central city and surrounds and, stock shortages have become a real challenge for agents.

While the bulk of the demand still comes from local tenants there is also good demand for corporate rentals, relocations from upcountry, especially Gauteng as well as from visiting and relocating foreign nationals. Over the last year, Seeff concluded about 500 rental contracts worth almost R93 million in rental returns for landlords, up by about 55% on the previous year’s value of R60 million. At an average rental

rate of just over R14,100 per month, the returns that landlords enjoy also significantly outstrips the national average of around R6,000 recently reported by PayProp. The top end suburbs of the Atlantic Seaboard and City Bowl continue to demand ever higher and the highest rates in the country, says Slot. More than 50 leases were concluded at a monthly rental rate upwards of R20,000 and a further 26 at upwards of R30,000. The highest rates achieved (based on contracts of twelve months and longer), are in Clifton at R65,000 and R80,000 respectively while two luxury homes in Camps Bay were let out at R45,000 each, a third at R55,000 and a top end villa at R70,000 per month. Fresnaye rentals topped R52,500 and R54,600 (over 24 months) while Bantry Bay achieved R35,000. Luxury apartments at the V&A Waterfront achieved R65,000 and R66,780 (over 24 months). Mouille Point apartments achieved a top rental of R42,400 and Sea Point R28,000 per month. The City Bowl suburb of Oranjezicht topped R40,000 and R55,000 for two luxury homes. Strong demand for rental apartments in the central city (CBD) has seen seven long-term contracts concluded at a monthly rental upwards of R20,000 to R27,000 at the top end. Comparatively, luxury homes in Sandton’s swanky suburbs such as Sandhurst, Hyde Park and Morningside range to about R40,000-R50,000 per month at the top end. Luxury apartments in new complexes such as the Michaelangelo Towers and Da Vinci Suites range upwards of about R25,000-R45,000. The average gross rental yields and annual escalation rates across the Atlantic Seaboard and City Bowl also tops that of Sandton, says Slot. Rental property on Atlantic Seaboard and across the City Bowl now delivers an average gross rental yield of around 7-8%, somewhat

better than the 5-6% of the last few years. Rental escalation rates range from 8%-10% and up to 12% at the lower end of the market compared to an average of about 8% over the last few years. In contrast, Sandton’s average gross rental yield now sits at about 5%-6% according to Charles Vining, Seeff’s managing director for the area, while current escalation rates are at about 6%7% on average. In terms of the average rental rates for the luxury homes of the Atlantic Seaboard, Clifton now boasts an average monthly rate of about R50,300 ranging to R80,000 at the top end. Camps Bay comes in at around R30,000 to R50,000 at the top end followed by Bantry Bay and Fresnaye with an average of R24,000-R25,000 ranging to just over R50,000 at the top end. Luxury apartments at the V&A Waterfront now command an average monthly rental rate of around R24,000-R25,000 for a two-bedroomed unit while three bedroomed units can go for upwards of R35,000 to around R65,000 on the Front Yacht Basin. Granger Bay apartments now boast an average of around R20,000 ranging to R42,400 per month for luxury sea-facing unit while Sea Point now achieves a monthly rental of about R12,800 on average ranging to about R28,000 for a luxury sea-facing unit in Beach Road. Apartments in the Cape Town CBD now command R8,000-R10,000 on average per month, but top-end units now fetch rates above R20,000 to about R27,000 per month, says Slot. The trendy apartments of the Foreshore area such as Canal Quays now rent out at about R9,500 on average to around R12,500 per month. De Waterkant boasts an average of around R10,000 per month, but can range to around R20,900 at the top end. The average for Green Point property is around R10,000 per month ranging to about R20,000.

The City Bowl suburb of Oranjezicht now commands a monthly average of around R21,500 to between R40,000 and R55,000 for a top end house. Higgovale and Tamboerskloof homes can fetch about R18,000-R20,000 on average ranging to just over R28,000. The suburbs of Gardens, Devils Peak and Vredehoek now boast an average of about R12,500-R13,800 ranging to R20,000-R23,000 for a top end home. Camps Bay agent, Christine Ireland, says quality apartments at a monthly rental of up to R14,000 and houses to about R40,000 per month are in short supply. Aside from local tenants, demand is coming from corporates, Europeans including French and Spanish nationals who are relocating to the city for renewable energy projects as well as from relocating Gautengers. Barbra-Ann Briner, says that while rental rates continue to climb, landlords still need to be cautious and not overprice. A property needs to be quite remarkable in terms of location, views, size of accommodation and finishes to command top end rental rates. CBD agent, Craig Watchurst, says the biggest demand is for unfurnished one and twobedroomed apartments, largely driven by young professionals who work in the city or want to enjoy the cosmopolitan lifestyle in the city and be near Green Point, Sea Point and of course Camps Bay. Consequently, rental increases of 10%-15% are now not uncommon

compared to last year’s 5%-7%. There is a significant shortage of properties available for long-term rentals, he adds. Kasia Watchurst says that apartments and townhouses priced to about R15,000 per month across the areas, from Green Point to the Atlantic Seaboard is seeing strong demand. While about 25% are corporate rentals, most are locals looking to move into the areas. Semifurnished, especially units fitted with kitchen ‘white’ goods are sought after. On the back of the strong demand, rates for new contracts have increased by between 10%-12% and 7%10% for renewals. In conclusion, Slot says that the toughening economic conditions are likely to keep the rental market across the Atlantic Seaboard, CBD and City Bowl buoyant for the foreseeable future.

ATLANTIC SEABOARD & SURROUNDS RENTALS

For more information, contact Seeff Atlantic Seaboard & City Bowl Rentals on 021 438 1055/083 685 5634 or visit

CAMPS BAY : This luxurious Camps Bay villa comes with panoramic sea and mountain views throughout, four bedrooms suites, under-floor heating, fireplaces, a separate studio apartment, gym and steam room and more. It was let out to a corporate client relocating from Johannesburg at R70,000 per month by Seeff.

www.seeff.com.

CAMPS BAY | R28 000.00 P/M

FORESHORE | R24 000.00 P/M

FAMILY HOME WITH VIEWS

STUNNING UNFURNISHED APARTMENT

Bedrooms 3 Bathrooms 2 Garages 2 WEB 331991

Bedrooms 2 Bathrooms 2 Parking 1 WEB 332247

Unfurnished solid family home situated high up in Camps Bay with ocean and mountain views. Three bedrooms and a study/ family room which can be used as a fourth bedroom.

Canal Quays position offers a uniqueness of Waterfront lifestyle with the added benefits of security, shopping access to all that Cape Town’s City living and V & A Waterfront have to offer.

[O] 021 438 1055 CHRISTINE IRELAND 082 785 3911 | TAMAR CHEERIN 072 465 5803

[O] 021 423 9146 CRAIG WATCHURST 084 327 1258

ATLANTIC SEABOARD RENTALS

SEA POINT R35 000.00 P/M STYLISHLY FURNISHED RENOVATED APARTMENT Bedrooms 3 Bathrooms 3 Garage 1 WEB 337279 190m², with superb outside patio area and jacuzzi. Available January 2015 for long term rental only.

[O] 021 434 9175 VIVIEN ADLER 083 310 0827 BABRA-ANN BRINER 082 418 8800

SEA POINT R30 000.00 P/M EXECUTIVE FURNISHED APARTMENT! Bedrooms 2 Bathrooms 2 Garage 1 WEB 305429 With 180° views, this apartment is luxury personified. Available for long term rental from 01 December 2014.

[O] 021 434 9175 VIVIEN ADLER 083 310 0827 BABRA-ANN BRINER 082 418 8800

CAMPS BAY R43 000.00 P/M FURNISHED SPACIOUS TOWNHOUSE Bedrooms 3 Bathrooms 3 Garages 2 Parking 1 WEB 324138 Fully furnished secure 3 bedroom townhouse in a complex of three. Three en-suite bedrooms and guest toilet. Large open plan lounge/ dining room and kitchen. Separate scullery/laundry.

[O] 021 438 1055 CHRISTINE IRELAND 082 785 3911 TAMAR CHEERIN 072 465 5803

ATLANTIC SEABOARD & CITY BOWL - RENTALS

CAMPS BAY R28 000.00 P/M BEAUTIFULLY RENOVATED 2 BED BEACHFRONT APARTMENT Bedrooms 2 Bathrooms 2 Garage 1 WEB 312533 Newly renovated to the highest standards. Fully furnished with all the mod cons including linen and towels. Situated right across from the Camps Bay beach and close to the restaurants and shops.

[O] 021 438 1055 CHRISTINE IRELAND 082 785 3911 TAMAR CHEERIN 072 465 5803

GARDENS R13 500.00 P/M A UNIQUE FIND Bedrooms 2 Bathrooms 2 Parking 1 WEB 337151 2 bedroom, 2 bathroom in small character block with huge entertainment-sized private deck with great views. Neat move in condition. White goods included.

[O] 021 423 9146 ELZUNIA SINGER 083 274 6699 SAMANTHA MURPHY 084 944 1385

GREEN POINT R11 000.00 P/M MODERN, NEWLY BUILT COMPLEX Bedrooms 2 Bathrooms 2 Parking 1 WEB 334822 Stylishly appointed 2 bedroom, 2 bathroom apartment with Juliette balcony. This apartment has 1 secure parking bay. The complex offers 24-hr security & visitors parking.

[O] 021 434 9175 KASIA WATCHURST 076 559 1720

COMMERCIAL

STEADY

DEMAND FOR COMMERCIAL, RETAIL AND OFFICE SPACE AS LOCALS AND FOREIGN INVESTORS LOOK TO SET UP SHOP IN THE CITY AND ON THE ATLANTIC SEABOARD. Cape Town has become a preferred location for many people from South Africa and around the world due to its world-class infrastructure, internationally competitive property prices, sought-after lifestyle and excellent investment capital returns in comparison to most other established markets, according to Seeff’s commercial agent for the Atlantic Seaboard, CBD and City Bowl, Guy Friedberg. On the back of increased demand for commercial property by both new and existing national and international clients, Seeff has established a commercial division that offers leasing and sales of commercial and retail properties along the Atlantic Sea Board, Waterfront, Cape Quarter, CBD, and all city bowl suburbs including Woodstock. Friedberg says that Seeff, being an international brand and market leader for the past 50 years, is uniquely positioned to assist clients to locate the right space to meet their exact requirements. Our long standing relationships with a large number of landlords and property asset management groups as well as our partnership with one of largest and most successful legal firms, Smith Tabata Buchanan Boyes, a firm of business-minded attorneys, all add to our service offering. Since the cost of accommodation is the single largest fixed overhead, Friedberg says that it is vital for clients to receive professional guidance and advice to ensure the successful and smooth relocation and/or expansion of their business. In addition to building long-term relationships, vital aspects include information on price trends, valuations, road networks and public transport, security, other amenities, rates, taxes and services along with consumer statistics such as foot traffic and type of clientele. The agent says that there is excellent demand for retail and office space in and around the central city and on the Atlantic Seaboard and notes that he is currently working with several local and foreign tenants looking for retail, office and commercial space. Aside from local small business entrepreneurs looking to set up anything from fast food outlets, coffee shops and fine dining restaurants to designer clothing boutiques, foreign investors, mostly from Europe are also showing an interest in setting up shop in the city. Areas that are seeing the strongest demand range from the CBD, Woodstock, De Waterkant, Green Point and Sea Point to Camps Bay.

PORTSIDE: Cape Town’s first significant skyscraper developed in the central business district (CBD)

In terms of retail space, the influx of especially younger people into the CBD and City Bowl has seen increasing demand for restaurant and retail space in areas such as Bree, Kloof and Long Streets. Some of the recent commercial transactions concluded by Seeff illustrate this. This includes two leases of 145sqm and 125sqm respectively at R160/sqm in The Point (Sea Point) to a French company an international medical clinic for treatment of sport injuries and other disabilities as well as retail space for Label Collections, a boutique offering upmarket women’s clothing. In the case of the latter, the client had been looking for the right location on the Atlantic Seaboard for over four years and finally found her dream spot at The Point. Seeff is also working with over 20 clients looking to secure space ranging from 50-400sqm for small coffee shops, take-away food stores and larger restaurant brands including fine dining. The first of these, a Chinese restaurant, recently signed up a 5-year lease at R25.000 per month in Main Road in Sea Point. For more information, contact Seeff Atlantic Seaboard & City Bowl Rentals on 021 438 1055/083 685 5634 or visit www.seeff.com.

THE POINT : The Point , newly renovated center, situated in Sea Point.

COMMERCIAL

ATLANTIC SEABOARD COMMERCIAL

SEA POINT R350 (shop) / R160 p/m² (off) THE POINT - STATE OF THE ART SHOPPING CENTRE WEB 332171 This Mall & Office Tower offers a unique retail opportunity & luxury office suites on the 5th, 6th & 7th floors. Comprising of ± 23,500m² of GLA and approximately 370 parking bays for retail & commercial use.

[O] 021 423 9146 GUY FRIEDBERG 072 221 2110

CBD R185 p/m² PRESTIGIOUS ADDRESS WEB 336094 Contemporary and 4 Green star rated Office Tower with easy access from all major arterial routes. Available office spaces from 200m² ( 2500m² floor plates ). Other features :12 state of the art lifts.

[O] 021 423 9146 GUY FRIEDBERG 072 221 2110

CBD R90 p/m² BRIGHT AND TRENDY OFFICE SPACE WEB 337208 Newly refurbished building. These offices comprise of a large open plan area with 2 separate offices and a boardroom.

[O] 021 423 9146 GUY FRIEDBERG 072 221 2110

THE BANTRY BAY : Seeff have recently achieved a sell-out of this unique development in Bantry Bay. We are about to launch the only 2 penthouse apartments available for sale. Originally launched at the end of 2009, we sold out immediately â&#x20AC;&#x201C; with neighbours objections, the development was delayed and we were mandated to re-sell the development in 2012 with an immediate sell out once again.

DEVELOPMENTS

Seeff have been a leader in the Waterfront Marina since itâ&#x20AC;&#x2122;s inception.

Seeff re-defines project marketing Recognising the need for developers to partner with a specialist in development sales, Seeff has re-engineered its approach to the development market this year, says Ian Slot, MD for the Atlantic Seaboard, CBD and City Bowl. Whereas development sales has traditionally been reactionary and the estate agency only brought on board when the development is already decided upon and ready to be marketed, we have taken a paradigm shift this year. Extra time spent in the research, design and planning phases can save significant time and money down the line and, can mean the difference between success and failure, he says. A specialist agency is also able to contribute learnings and experience from prior developments as well as vital market insight in terms of demand and pricing guidelines. Seeff has now put in place a development strategy and team with a full time specialist agent to take upfront briefs from developers, says Slot. The focus is on partnering right from the outset by identifying the need for new development, sourcing potential sites through

to advising on the type of accommodation and providing a best-practice individualised packaged marketing strategy. With a track record that spans over a decade and more than 25 new developments marketed, achieving well in excess of R1bn in sales, Seeff has successfully marketed more developments by Rand value across the Atlantic Seaboard, V&A Waterfront, CBD and City Bowl areas than any other agency and boast a number of key milestones. Top of the list is selling two of the three ultraluxury One&Only Penthouses for the record price of R115 million and R55 million respectively, effectively in a challenging economic climate. At the V&A Waterfront, where Seeff is still the only mandated agency to sell developer apartments, it sold the entire Lawhill complex to an investor for R300 million. More recently, it was the only agency appointed to market Ports Edge, the first exclusive rental-only apartment complex in this sought-after precinct. On the Foreshore, Seeff sold the entire Canal Quays development within four months for the total value of R240 million. Nearby, the agency also sold the Icon, a landmark Cape Town development with over 200 units to the total value of R327 million. Harbouredge, a new 81-unit develop was sold out internationally within two weeks. It also performed very well in the resale market and

the agency conceptualised and developed the rental pool that was initially instituted. More recently, Seeff sold all of the units including one of the two penthouses in The Bantry almost immediately, generating about R160 million in value for the developers. Yet another milestone was the sale of units in The Legacy, situated in Green Point at record breaking prices in a tough market, generating R68 million in value for the developers. In the City Bowl and CBD too, Seeff has successfully marketed and sold a multitude of new developments. These developments have generated millions for the developers and, in most instances, the role played by Seeff has been significant, acting in a consulting capacity right from the outset, concludes Slot. Contact Seeff Developments (Atlantic Seaboard, V&A Waterfront, CBD and City Bowl) on 021 434 9175 or visit www.seeff.com.

NEW RELEASE

Perfection by Design Design Perfection by

CAMPS

BAY

Four magniﬁcent, spacious, top of the range, designer, ocean-facing villas, set the standard for ultimate privacyspacious, and style.top Theof Little tranquil, lush ocean-facing surroundings and beautiful sunsets, Four magniﬁcent, theGlen’s range, designer, villas, set the standard enjoyed from your level garden and pool, complete this enviable, idyllic, maintenance-free, for ultimate privacy and style. The Little Glen’s tranquil, lush surroundings and beautiful sunsets, ‘lock-up-and-go’ lifestyle.

enjoyed from your level garden and pool, complete this enviable, idyllic, maintenance-free, ‘lock-up-and-go’ lifestyle.

SMS GLEN TO 44249

POLAGLEN JOCUM 083TO 261 0116 | ROCHELLE SERMAN 072 239 4449 SMS 44249

POLA JOCUM 083 261 0116 | ROCHELLE SERMAN 072 239 4449

Seeff Developments at your service. Over 14 years of unparalleled Residential and mixed use Project Marketing and Sales success. Now re-engineering the Developments space; helping you take your project to new heights. Our services include; Sourcing bespoke opportunities for Developers Packaging Projects for Developers Sharing our market leading Market Knowledge with our Developers to assist in bringing the right products to the market at the right prices Project Marketing and PR conceptualization and execution Enabling our Developers to enjoy the full benefits of our extensive, cutting edge and often uni ue sales and marketing tools and techni ues Access to our massive and growing database of registered buyers Redefining and managing the Buyer Experience Synergising our systems and procedures with those of our Developers, making for seamless and simple interaction and reporting Full back-up and support Sales, Sales, Sales

Now pioneering Develop to Let Project Marketing! As committed to your projectâ&#x20AC;&#x2122;s success as you are! Contact TARYN SELMON 021 434 9175 | 082 449 1707 | developments@seeff.com

smart move