Neighbourhood 30 OCTOBER 2016
PROPERTY & LIFESTYLE
Coastal beauty
Learn why the rich are buying homes in KZN’s upmarket suburbs, page 3
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SUBURB FOCUS: UPMARKET SUBURBS IN KZN
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PROPERTY STATISTICS
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BUSINESS Q&A
30 OCTOBER 2016
Neighbourhood
PROPERTY NEWS
3 Suburb focus
Upmarket suburbs in KZN Here’s what’s happening in property in the area WORDS: LEA JACOBS
IMAGES: SHANE VAN ECK, PAULO MENEZES & ISTOCK
About the area D ata from the New World Wealth report released at the end of last year revealed which suburbs are home to South Africa’s wealthiest citizens. According to the report, Joburg attracts the largest number of multimillionaires (those with a net worth of more than US$10m (R139m)). Interestingly, the report noted that while suburbs in and around Durban didn’t make it onto the list of top richest suburbs in the country, the city did crack the nod when it came to the second home market. A total of 250 high net worth individuals had invested in second properties in Umhlanga and La Lucia, 90 owned holiday homes in Ballito and 20 had bought second homes in Margate and Ramsgate on the South Coast. Umhlanga has always attracted the wealthy – and probably always will. Gorgeous beaches, trendy restaurants and great shopping all form part of the attraction. Likewise, Ballito and surrounds, with a growing number of secure PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423
BEST IN FOOD: • Harvey’s Restaurant (Umhlanga) • Little Havana (Umhlanga) • Al Pescatore Italian Restaurant (Ballito) • Mo-Zam-Bik Restaurant (Ballito)
and exclusive estates, will continue to draw investors with money. Of course, not everyone wants a home on the coast, and suburbs such as Winston Park, Gillitts and Hillcrest are always going to appeal to those looking for something special in a somewhat cooler climate. Regardless of where they choose to set up home, the good news is that Durban’s exclusive homes are generally far less expensive than their counterparts in Cape Town and Joburg. Lightstone statistics indicate that over the past 12 months, nine freehold properties with an average price of approximately R16,5m were sold in Clifton in Cape Town. During the same period, 33 freehold homes with an average price of R6,226m were sold in Umhlanga. The average selling price of a sectional title property in Clifton was roughly R14m, while wealthy buyers would have paid an average of R4,8m for a unit in one of Umhlanga’s upmarket schemes.
EDITORIAL TEAM Group Editor: Claire Barnardo claire.barnardo@thecreativegroup.info Managing Editor: Charis Le Riche Creative Director: Mark Peddle
TOP SCHOOLS NEARBY: • • • •
Although I’ve retained many of my business interests in Gauteng, I relocated my family down to Umhlanga. While the great climate and beaches formed a large part of the appeal, price-wise it made economic sense to move to KZN as opposed to the Western Cape. JOHN DAVIES, RESIDENT
Art Director: Leah de Jager Designers: Anja Bramley Senior Sub-Editor: Mlungisi Mthembu Proofreader: Marana Brand Group Online Editor: Lauren Joubert
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MEDICAL FACILITIES NEARBY: • Gateway Private Hospital (Umhlanga) • Netcare Umhlanga Private Hospital • Netcare Alberlito Hospital (Ballito)
ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Production (Editorial Advertising): Charis Le Riche charisl@yourneighbourhood.co.za Advertising: Julie Ellice kzn@yourneighbourhood.co.za
It’s quicker than you can read this page. Visit nedbank.co.za/homeloans and click on ‘Instant Bond Indicator’.
Crawford College La Lucia Umhlanga College Ashton International College (Ballito) Kearsney College (Botha’s Hill)
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PROPERTY NEWS
30 OCTOBER 2016
Neighbourhood
Suburb focus
Buying in Ballito The monthly bond repayment to
Ballito
purchase a typical property in Ballito, namely a four-bedroom house with the median asking price of R5,35m, is R53,413 per month over 20 years at prime of 10,5% with no deposit.
Here are the latest property figures for the area
For sale
Properties listed Properties listed for sale in Ballito comprise approximately 75% of the total sale listings in the Dolphin Coast.
Interest
72%
75%
Median asking prices
Approximately 72% of the interest (views) in properties for sale in the Dolphin Coast is attributable to properties for sale in Ballito.
Property types for sale
house
R3,12m
R2,64m
R4,96m
For a typical property (four-bedroom house)
In a complex
For an apartment
For a house
apart me nt
R5,35m
63%
complex
8%
29%
Agent commentary Q: Do Durban’s more expensive suburbs compete favourably price-wise with other top areas around the country? A: Durban is among Africa’s top 10 cities for US dollar millionaires. By 2025, with an expected 4,000 millionaires looking for homes in this region, high demand will cause prices to rise. Durban’s top suburbs are close to large corporate and commercial companies, King Shaka International Airport, uShaka Marine World, Sibaya and Suncoast casinos. Not only do Durban’s more expensive suburbs compete favourably price-wise with other top areas, but they are still undervalued by comparison and will catch up eventually, making this the place to buy.
Q: What type of amenities do high-end buyers look for when investing? A: Umhlanga has been tipped to become the “Dubai of Africa”. High-end developments such as The Pearls of Umhlanga and Oceans Umhlanga are currently taking shape, and this has further raised interest in this suburb. According to statistics provided by New World Wealth, Durban has had the biggest rise in high net worth individual residents in South Africa (29%). Conveniently situated a short distance from King Shaka International Airport, a gateway to Big Five reserves and easy travel to The Midlands and Drakensberg makes Umhlanga all the more desirable for residents, investorowners and holidaymakers.
Q: What attracts high-end buyers to the more expensive suburbs in KZN North Coast? A: Ballito, the Caribbean of the North Coast, is an ideal holiday destination and is fast becoming a destination of choice for permanent living. It also has a growing business district as well as excellent private schools, several top-class shopping centres, a hospital, as well as topquality guesthouses and hotels. King Shaka International Airport is a mere 15 minutes away and will play an important role in the future development of the Dolphin Coast. The Dolphin Coast is home to the Zimbali Coastal Estate as well as the sought-after Simbithi Eco Estate and Golf Estate.
Manny Testa
Greg Harris
Simon Peacock
DIRECTOR, SOTHEBY’S INTERNATIONAL REALTY DURBAN NORTH & UMHLANGA
CEO, CHAS EVERITT PROPERTY RENTALS GROUP
BROKER/OWNER, RE/MAX DOLPHIN REALTORS
082 337 6256 manny@sothebysrealty.co.za sothebysrealty.co.za
082 414 7490 greg.harris@everitt.co.za chaseveritt.co.za
032 946 0881 / 082 461 0885 simon@remaxdolphin.co.za remaxdolphin.co.za
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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.
MANICURED PERFECTION 97 Kingfisher Boulevard, with its grand elevation and posture, commands some of the most exquisite sea views on Brettenwood Coastal Estate. This well designed home, offers clean visual lines, functional space flow and an abundance of value for the discerning buyer.
• 4 Bed (all en-suite)
• Rim flow pool
• UPS electric back-up
• TV Lounge, family room & study
• Eco-smart technology
NEW LISTING
EXQUISITE COMFORT • 3 Spacious bedrooms • Open plan kitchen with scullery • 2 Bathrooms • Sea Views & double garage • Entertainment areas • Quiet cul-de-sac road
NATURAL WONDER NEW LISTING OFFERED AT R5 650 000
Land Freehold homes Luxurious apartments Retirement homes
NEW LISTING
• 3 Spacious bedrooms (2 en-suite) • Double garage • Solar & inverter technology • Study & nursery • Indigenous landscaping • Rim flow pool
AWE-INSPIRING BEAUTY • 3 bedrooms (main en-suite) • Open plan living • Covered patio and braai area • Outside courtyard • Forest and dam views
OFFERED AT R9 800 000
OFFERED AT R6 290 000
CALL THIS HOME NEW LISTING PRICED FROM R3 990 000
Buy directly from the developer. Land from R1 600 000
• 3 Bedrooms • 3 Bathrooms • Open plan kitchen with scullery • Elevated overlooking Dabchick Dam
Brettenwood Coastal Estate Sheffield Beach KZN North Coast
Shavaun Lindsay Greg Simmonds Michelle Larkens
NEW LISTING
OFFERED AT R5 450 000
072 194 8672 084 515 7464 082 775 3998
T 032 525 4581 E info@brettenwood.co.za W www.brettenwood.co.za
30 OCTOBER 2016
Neighbourhood
My business neighbourhood Mark Smith, managing director, Cats and Shepherd, tells us about his business premises WORDS: CATH JENKIN
IMAGES: SUPPLIED
PROPERTY NEWS
agencies have done wrong by their clients, some even downright stealing from them. It was time to put an end to it and deliver results by providing better strategies and creative techniques that truly work. The Growth Collective, an investment firm, backed our idea and we haven’t looked back. The name Cats and Shepherd refers to the way in which we bring together creative and strategy in the process of delivering value for our clients. Q: Why did you choose this area to set up shop? A: We chose Umhlanga Ridge because it’s exactly in the centre of all the action, and many of our clients are based here. Of course, it doesn’t hurt that we enjoy stunning views and get to closely watch the area grow as it is. Q: How did you find your premises? A: Our sister company, Hodari Properties, built and planned our amazing building, having purchased the land a while ago. One of the business founders actually created the internal design after receiving the initial concept from Barrows.
A
rather uniquely named business growth consultancy makes its mark in Durban and beyond. We spoke to Mark Smith, managing director at Cats and Shepherd. Q: How did your business start? A: Our business began when we spotted a market opportunity. For far too long, many advertising
Q: Why are the premises ideally suited to your business? A: Creative work is busy work, so we have multiple meeting rooms and a huge whiteboard wall. We also have a canteen, where animated discussions over the finer points of macaroni and cheese and lead generation take place. Q: Who are your neighbours? A: We’re based in Richefond Circle,
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where many commercial, creative and other businesses have also made their home. Q: What is your shop traffic? A: We work across a diverse spectrum of clients and are always looking for new ones. Our clients are not only diverse in industry, but in location too – including Durban, Dubai, Joburg, London, Mozambique, Zimbabwe and the US. Q: Do you have any expansion plans? A: Yes! We are running out of space, and our team is constantly growing. I’d like to look at a big open space we could share with other creative talent. Q: Your work is very online, but do you work offline too? A: Some of our best work is actually done offline. Online is merely a channel to fulfil client delight. That’s our goal: build value for our clients and drive results in their business for them. Q: What’s your most popular item? A: Most clients initially come to us to help them with a website or to run a campaign. Often, they then realise the potential possibilities and we grow from there, filming videos, running workshops or hosting training sessions.
SEE FOR YOURSELF: Cats and Shepherd 031 566 0860 catsandshepherd.com
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ZIMBALI SUITES
5 Unit Package (Includes 2 x 2 Bedroom + 3 x 1 Bedroom) - R17 000 000-00 Ex. Vat Fully Furnished
PROPOSED 100 UNIT LAND OPTION
UMHLANGA OFFICE
Extent: ±23 000m² R15 500 000-00 Ex. Vat - Queensburgh, Durban
Extent: ±190m² R4 100 000-00 Ex. Vat Umhlanga, Gateway
THE MADISON - LUXURY APARTMENTS
THE MADISON - MEDICAL SUITES
3 Bed 3 Bath Starting From R3 600 000-00 (Incl. Transfer Duty)
Opposite Gateway Hospital Starting From R1 896 980-00 (Incl. Transfer Duty)
Contact Us: +27 31 566 1027 / +27 60 383 8632 africarising@vodamail.co.za - www.africarisinggroup.co.za - www.themadison.co.za
Morningside
Glen Hills
On Show Dual Mandate
On Show Sole Mandate
Asking Price R1 750 000. The sea views from this apartment are awesome and on a clear day you can see the Drakensberg mountains from the bedroom windows.The open plan lounge and dining room give the well-proportioned apartment an extra feeling of space. Included is the beautiful kitchen with granite tops and modern bathrooms one of which is en-suite.There are 2 under cover parking's in the buildings garage and a large store room for all the toys. This apartment is really stunning! Maurizio Dalle-Vedove 083 301 1946
Asking Price R1 995 000. Once you descend the stairs you arrive at the front door of this cute country cottage. Inside you will be surprised by how much space there actually is.The 4 bedrooms are enhanced by the huge loft area and large living areas that have a beautiful view over Glen Hills.The garden is well kept and centered around a sparkling pool.To top it all off there is a self-contained Granny Flat for the extended family or to generate extra income. Michelle Taylor 083 653 3696
Mount Edgecombe
La Lucia
On Show Sole Mandate
View Exclusive By Appointment Mandate Sole Mandate
Asking Price R995 000. Lovely 3 bedroom loft apartment on the top floor of the sought after Edgecombe Park. Michelle Taylor 083 653 3696
Asking Price R4 500 000. OFFERS FROM R4 500 000. Exquisite finishes and attention to detail. 3 bedrooms and a pyjama lounge or study upstairs and a gracious dining room and formal lounge downstairs.There is a TV lounge leading off the lovely kitchen and this is all introduced to you by a double volume entrance hall displaying intricate wrought iron hand rail staircase. Asking R4 999 000-00. Michelle Taylor 083 653 3696
Umhlanga Rocks
Sheffield Beach
View Exclusive By Appointment Mandate Sole Mandate
View Exclusive By Appointment Mandate Sole Mandate
Asking Price R9 500 000. Offers from R9 500 000-00.The glitz and glamour of a Hollywood lifestyle, city and sea views, sunsets, sundowner deck with Jacuzzi, sheer penthouse indulgence. Step into this coastal lifestyle set in the bustling precinct of Umhlanga Rocks. 311 square meters of ultra-secure, luxury living with flowing open plan spaces enhancing the innovative architecture and exceptional finishes.This home leaves one breathless.The value of this Penthouse will go up by up to 30% when The Oceans Umhlanga development is complete.The Penthouses in The Oceans Umhlanga sold for R60 000 000. Cash in now and make an offer. Seller asking R9 950 000. Michelle Taylor 083 653 3696
Asking Price R28 000 000.This home, set above the Dolphin Coast's expansive Sheffield Beach has 240 degree panoramic sea views.The ultimate "Beach House" is privately positioned and is awe-inspiring.Architecturally designed with proportions that are a match for the rugged coastline and displaying sophisticated interior detailing. From the moment you walk into this 4 bedroom, 4 bathroom utopia you feel a true sense of seamless integration between luxury and utility.This home engulfs you with its multi-sensory experience and impresses you with the sharp attention to fine detail and composition.We are proud to offer this FULLY FURNISHED home for viewing by appointment only. Michelle Taylor 083 653 3696.
www.sothebysrealty.co.za • umhlanga@sothebysrealty.co.za 20 Solstice Road, Gateway, Umhlanga Rocks
Durban North & Umhlanga 031 566 5150 Each office is Independently Owned and Operated
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PROPERTY NEWS
30 OCTOBER 2016
Neighbourhood
PINETOWN: FOR SALE – SUPERB OFFICE BLOCK WITH BRILLIANT VISIBILITY PINETOWN: FORmeasuring SALE – SUPERB BRILLIANT Well positioned offices 850m2OFFICE set on BLOCK 4200m2WITH of prime land in VISIBILITY Pinetown Well positioned offices measuring 850m2 set on 4200m2 of prime land in Pinetown Warm reception area, large
Web Reference: CL338 Contact: Dawn Hutton 074 322 2012 Web Reference: CL338
combination board Warm room, reception area, largeof offices and open plan board room, combination of workstations offices and open plan Well maintained face brick workstations with aluminium building Well maintained face brick windows and aluminium gutters building with Roller door access for easy windows and gutters loading Roller door access for easy 26 covered parking bays loading Generator site bays 26 coveredon parking Generator Electric perimeter on site fencing Camera controlledfencing access gates Electric perimeter Easy access and visibility Camera controlled accessfrom gates freeway M13 Easy access and visibility from M13 freeway
Contact: Dawn Hutton 074 322 2012
KLOOF: TO LET - NEWLY RENOVATED ‘A’ GRADE OFFICES TO RENT KLOOF:storey TO LET - NEWLY RENOVATED ‘A’ or GRADE TOforRENT Stunning 454m2 double is ideal for either one business can beOFFICES easily split multi
2. tenant leases from 29m2storey . Rental from for R85/m 2 double Stunning 454m is ideal either onebusiness or finishes can be easily split for multi of Upmarket with a combination tenant leases from 29m2. Rental from R85/m2. aluminium of wooden Upmarketfloors/carpeting, finishes with a combination windows, blinds, downlights and powerwooden floors/carpeting, aluminium skirting putblinds, the finishing touches to these windows, downlights and powersuperb skirting offices put the finishing touches to these Fully air-conditioned superb offices male and female/disabled ablutions Separate Fully air-conditioned / lounge area Kitchenette Separate male and female/disabled ablutions of common boardarea room fitted with Use Kitchenette / lounge projector Use of common board room fitted with The semi-attached cottage with skylights has projector entrance, ablutions, kitchenette its Theown semi-attached cottage with skylightsand has patio area its own entrance, ablutions, kitchenette and Secure with electric fencing around the patio area entire Secureproperty with electric fencing around the Wheelchair ramp entrance entire property Web Reference: CL233 offices Serviced Wheelchair ramp entrance Contact: Dawn Hutton 074 322 2012 Web Reference: CL233 Serviced 30+ parking bays (included in rental) offices Contact: Dawn Hutton 074 322 2012 30+ parking bays (included in rental)