Neighbourhood DBN - 12 February 2017

12 FEBRUARY 2017

Neighbourhood PROPERTY & LIFESTYLE

Shaka’s Rock The perfect place to experience the idyllic KZN coastal lifestyle, page 2

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SUBURB FOCUS: SHAKA’S ROCK

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BUSINESS Q&A

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PROPERTY NEWS

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PROPERTY NEWS

12 FEBRUARY 2017

Neighbourhood

Suburb focus

Shaka’s Rock Here’s what’s happening in property in the area WORDS: MEGAN DEANE

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haka’s Rock, between Ballito and Salt Rock, is a small North Coast town that is the perfect place to experience the idyllic KwaZulu-Natal coastal lifestyle.

From bustling areas to relaxed small towns, you can discover the rich history, proud heritage and, of course, enjoy the laid-back beach atmosphere of the North Coast.

King Shaka Zulu is said to have used this area as his outlook during his reign in the 1800s. Shaka’s Rock has changed considerably, but the area has certainly not forgot its roots. From sugar cane fields to Zulu heritage, you can’t help but see the history all around you.

IMAGES: STEPHEN PILBROUGH

Shaka’s Rock has one of the most tranquil beach lifestyles you will ever experience. With a range of homes, from apartments, to luxury homes in high-end estates and beautiful beach houses, Shaka’s Rock is the place where growing families come to live.

Shaka’s Rock is easily accessed from the M4 or the N2, and around 3km away from popular spots in Salt Rock and Ballito, while it is only a couple of minutes’ drive to the ever-popular Umhlanga Rocks area and King Shaka International Airport. With an array of accommodation in the area, including the Ocean Gorge Seafront Chalets and Chaka’s Rock Chalets, it is a popular beachfront holiday spot as well.

BEST IN SCHOOLS: AREA ATTRACTIONS: • Craft beer tasting at The Great Railroad Brewing Company • Shopping at Tiffany’s mall • Exhilarating helicopter flips • Holla Trails: for mountain biking • Catfish Beach

• Curro Mount Richmore Independent School • Ashton International College Ballito • Prestige Baby and Kidz Academy Ballito • Ballito Academy

BEST IN FOOD: • • • • •

Shaka’s Rock Cafe Salt Cafe The Gallery Beach and Bar Zaras Cafe Bistro 98

THE WATERBERRY COFFEE SHOPPE

Shaka’s Rock Beach boasts spectacular cliffs and a shallow Olympic-sized tidal pool encrusted with coral. A narrow pathway leads to the ‘hole in the wall’, a natural rock formation popular for photo shoots, and onto a private rocky beach.

BEVERLY HIRALALL, GENERAL MANAGER, CHAKA’S ROCK CHALETS

PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423

EDITORIAL TEAM: Group Editor: Charis Le Riche charisl@yourneighbourhood.co.za Junior Managing Editor: Molly Fitz-Patrick Senior Sub-Editor: Mlungisi Mthembu Designer: Anja Bramley Group Online Editor: Lauren Joubert

ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Advertising: Julie Ellice kzn@yourneighbourhood.co.za Production (Editorial Advertising): Lucea Goosen lucea@yourneighbourhood.co.za

12 FEBRUARY 2017

Neighbourhood

For rent

Median asking prices

Median monthly asking prices

R2,75m

R3,21m

R3,02m

In a complex

For an apartment

R15,000

R2,83m

R15,250

For a house

73%

For a typical property in this area.

For an apartment

R18,000 For a house

Property type 8%

house

complex You’ll pay

R14,600

In a complex

6%

apartment

Monthly bond repayments

3

For a typical rental property (three-bedroom apartment)

Property type

house

PROPERTY NEWS

For sale

For a typical property (three-bedroom apartment)

21%

Based on

75%

17%

apartment

complex

over a period of

at

R27,455

R2,75m

20

10,5%

per month

median asking price

years

prime

COUNTER CULTURE

Agent Insight Local property experts give us the inside scoop on Shaka’s Rock

What type of property is available in Shaka’s Rock?

What lifestyle could someone expect if they lived within the Shaka’s Rock area?

What makes Shaka’s Rock such an attractive area to reside in?

Shaka’s Rock is a coastal destination with magnificent beaches offering great surfing and swimming, good fishing, comfortable accommodation and a choice of eateries. It also offers a wide range of property options. These include beachfront apartments, freestanding residential homes and upmarket secure estates.

Shaka’s Rock makes me think of the sun, sea and surf!

People are super relaxed and it feels as if everyone is on holiday 365 days of the year. Whether you wine or dine at the wonderful restaurants or cafes, or take a jog or walk on the 2,5km beach promenade, once you’ve lived here, you wouldn’t want to live anywhere else.

With its swimming beaches and tidal pools, Shaka’s Rock boasts the best fishing, golfing and entertainment on the North Coast.

Catering for all pockets, Shaka’s Rock offers a variety of property in ecoestates, golf estates, on the beach or in the cane lands. With growing business opportunities, Shaka’s Rock is becoming a popular destination.

Cameron Leitch

Janina Boshoff

SEEFF DOLPHIN COAST

JAWITZ PROPERTIES

Andrew Grant-Smith

BALLITO

084 517 6543 cam.leitch@seeff.com seeff.com

16519/E

GET A HOME LOAN ANSWER IN 3 MINUTES FLAT!

082 046 7782 janina@jawitzballito.co.za jawitz.co.za/offices/ballito

H WIT NT A INST ND BO TOR ICA IND

It’s quicker than you can read this page.

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RAWSON BALLITO 083 644 4166 andrew.gs@rawson.co.za rawson.co.za

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PROPERTY NEWS

12 FEBRUARY 2017

Neighbourhood

My business neighbourhood Jen McKenzie creates stylish yet functional interiors at Abide Creative WORDS: MEGAN DEANE

IMAGES: SUPPLIED

Q: Why did you choose this area to set up shop?

A: My business is set up from home in the Essenwood/Morningside area, where I’m central to the majority of my suppliers, Durban’s creative scene and now to my store space in Windermere Centre, too.

Q: H ow did you find your premises?

A: It took me a good year to find my house. However, with regard to my shop, Terry Angelos from Anthology approached me to take on a portion of her store.

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ocal Jen McKenzie is the creator of Abide Creative, an interior design and homeware brand that designs uniquely bold accessories and features for interior spaces.

Q: H ow did your business start?

A: W hile working in the corporate world I ran a small successful homeware and artwork company called Jen Jen. Abide Creative is a progression from Jen Jen.

Q: Why are the premises ideally suited to your business?

A: My house has plenty of storage room for my stock, admin and interior side of my business, as well as a workspace for my handcrafted pieces. The shop space in Windermere works so well because of how Anthology items and my items play off each other.

Q: Who are your neighbours?

A: My business neighbours are residential, while my shop neighbours are Woolworths Food and Willow.

Q: What are the shop rental/ sales prices like in this area?

A: I sublet space from Terry Angelos’s store Anthology and it’s really affordable.

Home is where the heart is.

Find yours now.

Search 1000’s of fresh properties everyday.

A home for everyone www.privateproperty.co.za

Q: H ow many people go through your store each day?

A: Windermere is one of the most underrated centres in Durban. Although foot traffic is fairly irregular, our targets are always met.

Q: D o you have any expansion plans?

A: I’d love to open up another small retail space in the Upper Highway area, and an interior design studio away from home, maybe even combine the two.

Q: D o you operate online as well?

A: I do have an online presence and would say only 25% of my sales come from online. The online platforms and social media spaces have provided great exposure.

Q: What’s your most popular item?

A: I have two items that are my top sellers. First one being my delicious monster wallpaper, which I hand illustrated and developed for the application. Second, the picture shelves, which make changing up your art collection a lot easier.

SEE FOR YOURSELF: Abide Creative abidecreative.co.za

OUR PRIME

PROPERTIES OF THE WEEK

6 time winner of the African Property Awards

Award winning Brettenwood Coastal Estate, located just 10 minutes from King Shaka Airport, is situated along one of the most exquisite stretches of coastline in KwaZulu-Natal. It offers its residents security, luxury, tranquility, exclusivity and an extensive range of world class amenities to suit both the young and young at heart.

NEW DEVELOPER LAND RELEASED Brettenwood, the last established Estate on the North Coast with land for sale directly from the developer, has just launched new plots for purchase.

From 1000 sqm - 1360 sqm.

Flat, table top sites with views over the waterways and Indian Ocean.

BUILD PACKAGE AVAILABLE. 3 AND 4 BEDROOM OPTIONS. NEW LISTING

MODERN OPULANCE • 4 Bed (all en-suite) • Professional landscaping • Luxury fittings and finishes

• Rim flow pool • Inverter technology • Triple Garage

SPACIOUS, FAMILY LIVING NEW LISTING OFFERED AT R11 500 000

• 3 Bed (main en-suite) • Open plan kitchen and lounge • 3 Garages

DESIGNER HOME PACKAGE • • • •

3 Bedrooms • 3 Bathrooms Set on 1000 sqm flat land • Beautiful pool Full turnkey furniture package Immaculately designed interiors & exteriors

Land Freehold homes Luxurious apartments Retirement homes

PRICED FROM R1 500 000

• 2 Bathrooms • Separate study • Pool

NEW LISTING OFFERED AT R5 595 000

STYLISH SOPHISTICATION NEW LISTING

OFFERED AT R4 990 000

• 4 Bedrooms (3 en-suite) • Guest bathroom • Covered patio with built in braai • 3 Garages • Indoor garden with sky light

OFFERED AT R6 900 000 NO TRANSFER DUTIES

NO TRANSFER DUTIES

Buy directly from the developer. Land from R1 500 000

NEW LISTING

Brettenwood Coastal Estate Sheffield Beach KZN North Coast

Shavaun Lindsay Greg Simmonds Michelle Larkens

072 194 8672 084 515 7464 082 775 3998

T 032 525 4581 E info@brettenwood.co.za W www.brettenwood.co.za

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PROPERTY NEWS

12 FEBRUARY 2017

Neighbourhood

Development of Cape Town's tallest building set to begin in April

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evelopment of the soonto-be tallest building in Cape Town, which will cost in the region of R1,5bn, has been scheduled to begin in April this year. Although the development will take 30 months to complete, it is already over 60% sold out.

Emerging market property developer Land Equity Group, headed by Stuart Chait, purchased the Old Mutual Centre and Exchange Place in Cape Town’s bustling CBD from Old Mutual Properties. The site, on the corner of Adderley and Strand streets, across from Cape Town Station, is designated to be redeveloped into the 44,000m² tower, which, at 44 storeys, will be Cape Town’s tallest

building. The building is still to be named. However, its current code name is Zero2One Tower.

The development will comprise 624 apartments, 760 parking bays, retail space of 5,000m2 and a 360 degree viewing deck and restaurant at roof level which will be open to the public.

Land Equity Group has appointed FWJK to co-develop the project.

“This building is set to transform the Cape Town city skyline, and once complete it will mean that Cape Town finally features in the ‘top 10 tallest buildings in South Africa’. It will in fact be the same height as the Reserve Bank building in Pretoria,” says Chait.

Gauteng homeowners – both existing and aspirant – should not be daunted by the current flatlining trend in residential property prices, but rather focus on the growth of the capital portion of the investment at the time of purchase RONALD ENNIK, FOUNDER AND CEO, ENNIK ESTATES

Sandton Central to host annual RICS Africa Summit

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andton Central in Johannesburg will play host to the Royal Institution of Chartered Surveyors (RICS) influential annual Africa Summit from 22 – 23 February. The event, now in its third year, has established itself as a leading forum of Africa’s built environment and real estate sectors.

London-based RICS is a global professional body that promotes and enforces the highest qualifications and standards in the areas of land, real estate, construction and infrastructure.

As a public benefit organisation it operates in all the world’s major financial hubs in

delivering international standards and policy influence.

The annual RICS Africa Summit, supported by major sponsors Colliers International and Cushman and Wakefield Excellerate, is aimed at executives, academics, government leaders and other senior professionals in the built environment, property and infrastructure sectors.

It serves as a forum where common goals and a shared vision can be created through consensus and discussion.

This year’s event will have a strong emphasis on rapid urbanisation in sub-Saharan Africa, the availability of land, as well as infrastructure investment on the continent.

Top City Bowl price for Higgovale property

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he sale in December of a fourbedroom, three-bathroom house in Cape Town’s Higgovale for R21m, with the sale of the adjoining vacant land for R5m, was the highest combined selling price for the City Bowl last year.

The home and the land were owned by the same person, and the sales were made by Greeff Christie’s International Real Estate in December 2016.

“The exceptionally beautiful Higgovale property has panoramic views, sweeping across the City Bowl from Table Mountain’s cable car, to encompass Devil’s Peak, Table Bay, the Waterfront and Signal Hill to Lion’s Head,” says André Stassen, the agent who concluded the sales.

“While the buyers were local, they spotted the property being advertised

in The New York Times by Christie’s International Real Estate.”

Greeff Properties is the exclusive Cape affiliate of Christie’s International Real Estate.

Stassen says the profile of buyers in the City Bowl is shifting towards highearning young professionals drawn to luxury properties in the prime area.

Price-wise, demand for middlerange houses in the City Bowl, priced in the R6m – R10m category will continue to be strong, and is expected to exceed supply, he says.

“There has been an exponential jump in value over the past two years in this sector, with the average selling price for freehold properties in Higgovale jumping from R8,9m in 2014 to around R15m in 2016, according to Lightstone.”

New luxury estate for Ballito Sheffield Beach to be home to R2,5bn development Zululami Luxury Coastal Estate WORDS: CANDICE BOTHA

IMAGE: SUPPLIED

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he launch of Zululami Luxury Coastal Estate

by Collins Residential, a subsidiary of the H Collins and Sons Group, is exciting news for the North Coast property market. Situated on 140ha of prime land just north of Ballito, Zululami will focus on preserving the natural beauty of the area while offering residents the best in estate living and contemporary architecture that will be unique in the area.

“For some time, people have viewed the 140ha Zululami land as the jewel of the North Coast and within minutes of us viewing the site we knew that it had the X factor required to create a new precedent in luxury coastal living,” says Murray Collins, director, Collins Residential.

“The site ticks all the boxes of location, sea views, forest, wetlands and two beach access points, with the added benefit of being positioned within the heart of one of the best performing residential areas in the country. It is thus our vision to seamlessly integrate the best of estate living into one

complete lifestyle offering. In the last 12 months, R1,5bn in transfers occurred within the gated estates around Ballito and there have been very few new development opportunities of significance released, despite the growing demand.”

reserved, through our clients, prior to us going to market.”

On completion, Zululami will be a R2,5bn development, which makes it one of the largest residential developments of its kind. “The first phase, of 128 development stands, launched in early December. We have been very specific about our pricing to ensure that, despite our unique product offering, our first phase will provide some of the most competitive prices on the North Coast,” says Collins.

The site ticks all the boxes of location, sea views, forest, wetlands and two beach access points, with the added benefit of being positioned within the heart of one of the best performing residential areas in the country. It is thus our vision to seamlessly integrate the best of estate living into one complete lifestyle offering.

“This provides a great opportunity for our investors to get in early and benefit from the value and the guaranteed capital appreciation. The result is that the pre-launch demand has been remarkable.

We have already sold 90% of our future sectional title opportunities to developers, and we expect that over 50% of the Phase 1 stands will be

Zululami translates to “my heaven” and the estate promises just that for future residents.

MURRAY COLLINS, DIRECTOR, COLLINS RESIDENTIAL

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