Neighbourhood
24 OCTOBER 2020
PROPERTY & LIFESTYLE
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NEWS
24 OCTOBER 2020
Blok launches new Sea Point development Commercial sector gets flexible lease options
Urban density necessitates smaller homes, and this shift in consumer behaviour is the inspiration behind Blok’s latest development, SIX ON N in Sea Point Described as a solution for those seeking a more agile and affordable investment, the development of 87 apartments include several that are compact (starting from 25 m2) yet innovatively designed to make use of all available space. Apartments are fitted with integrated workstations for work-from-home ease. Blok’s signature Raw finish adds to the affordability of the apartments; prices start from R1,1m, including VAT.
“As consumers and urban citizens, our needs are changing,” says Blok MD Jacques van Embden. “While private spaces are becoming smaller to retain affordability and flexibility, shared amenities and better community areas are becoming a greater feature in people’s buying decisions and lifestyle choices. As developers, we aim constantly to evolve our design strategies to welcome these changes.” SIX ON N has a shared roof deck with a swimming pool, a fitness studio, shared working spaces and private boardrooms that can be reserved by residents, and an on-site deli. While current market conditions are certainly volatile, Van Embden
highlights that property remains one of the more secure investment types. “Even when a property is purchased in a recession, its yield remains stable over a longer period.” He says the current climate has opened up suburbs and opportunities to those who were previously priced out of owning property. “With SIX ON N, we’re aiming to shrink this gap between buying and renting,” he says. “You now have the chance to own an apartment in a prime investment location – with all the lifestyle benefits it offers – for approximately the same as it would cost you if you were renting.”
There is a need for flexible leases within the commercial sector, according to privately owned business park operator Inospace, and the Covid-19 pandemic has accelerated this demand.
immediate space for both slowand fast-moving goods and are not interested in signing lengthy long-term leases,” says Jacques Weber, the company’s operations manager.
“While we have had requests for short-term leasing for a while now, the pandemic prompted us to incorporate our flexible rental model of micro-industrial and office spaces into bigger and bigger commercial leases,” says Inospace marketing director Jodi Sher. “We therefore introduced a flexible lease option, called the InoLease, across our portfolio of business parks.”
As more businesses make use of on-demand warehouse and industrial spaces for stock, the popularity of month-tomonth warehousing solutions is not likely to subside. “Secure, serviced business parks where businesses can store and distribute stock will meet this need. When their supply lines eventually stabilise and they have no long-term commitments, then they can make longerterm decisions.”
Sher says the flexible lease structure is a significant drawcard for companies, especially in challenging economic times. “Since the introduction of the flexible option in March, we have seen a significant spike in the demand for very short lease terms. Inospace signed more leases in June and July during lockdown than it did last year, which highlights businesses’ desire for flexible arrangements.” Among the businesses showing interest in the pay-as-yougo option are some of SA’s biggest retailers. “They need
Millennial buyers favour Gauteng Gauteng remains the top choice among millennial buyers, with affordable properties in the R450,000 to R1.2m bracket seeing the bulk of activity. According to Seeff Property Group chairman Samuel Seeff, millennials are buying property despite the popular perception that they would rather rent. He says it’s no surprise. “We are in the ‘perfect storm’ for young homebuyers who are using the many benefits of buying now.” These benefits include the transfer duty saving on properties below R1m, favourable mortgage lending conditions, with some banks still granting full loans, and the low current interest rate.
Seeff says all these factors can get millennial buyers into a property or suburb that they might not have been able to afford a year ago. Most areas offer access to good transport networks, schools and a host of amenities, including banks and shops. Up to 40% of buyers in the Protea Glen area are millennials, say Khosi Sibiya and Phindile Mphahlele, MDs at Seeff Soweto. Property prices here start from R400,000. Other popular areas are Weltevreden Park, Allen’s Nek and Olivedale in Randburg from R500,000; Glen Austin and Noordwyk in Midrand from
R400,000; Paulshof, Douglasdale and Lonehill in Sandton from R600,000 to R800,000; and Sunnyside, Equestria and Moreleta Park in Pretoria East from R500,000. Tiaan Pretorius at Seeff Centurion says first-time buyers have increased, and are active in the R700,000 to R1m range if they are buying on their own and up to R1.8m if buying jointly. Gerhard van der Linde, MD at Seeff Pretoria East, advises young buyers to get preapproval. “It saves a lot of time,” he says, “especially in this market where you want to take advantage of the favourable conditions as quickly as possible.”
This model offers opportunities for tenants to collaborate and gain the support of an on-site management team, as well as services such as business hubs, coffee shops and 24hour security. International property consultancy JLL predicts 30% of all commercial space will be based on flexible leasing by 2030. Its report says the impact of Covid-19 on the need for flexible options will prevail even after the pandemic.
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AGENT INDEX Search By Suburb - page 8 Keyhousing Development..............................9 Legal Eagle....................................................9 Re/Max Bay...................................................8 Talietha Holloway Properties...................... 10
FOR BOOKINGS & ALL PROPERTY ADVERTISING ENQUIRIES CONTACT LUCEA ON TEL: 087 828 0423 Email: pe@yourneighbourhood.co.za
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Neighbourhood
yourneighbourhood.co.za | 24 OCTOBER 2020
SEARCH BY SUBURB
CENTRAL - R540 000
CENTRAL – R520 000
CENTRAL – R750 000
HUMEWOOD – R2 690 000
HUMEWOOD – R895 000
BRAND NEW RELEASE!
YOU JUST FOUND IT!!! Enjoy the lovely views from this large stunning modern fully renovated apartment. Not a cent to be spent on this apartment which offers: Open plan kitchen on to lounge/dining area. Large bedrooms with stunning bathroom. Enclosed balcony , secure parking bay. All this is in a very well managed building with excellent security. Maruska Psotka 082 716 6454
NEW RELEASE - SOLE MANDATE Large unit close to everything, offers 2 beds, lounge/dining, fitted kitchen, enclosed balcony and lock up garage. This 100 square meter unit is a fantastic investment. Call me for more information!! Maruska Psotka 082 716 6454
REDUCED! The ideal home for large family and the entertainer. 4 Spacious bedrooms, 3 bathrooms (1 en-suite). Large living area with study. The entertainment area has a braai, lovely garden and pool. Also offers an extra-large flatlet. X2 Double garages, laundry and staff accommodation. A home you will never want to leave. . .Welcome Home. Maruska Psotka 082 716 6454
GOOD INCOME EARNER! Neat apartment on top floor in secure block with lovely seaviews. Has access control. Walking distance to all amenities. Offers 2 large bedrooms, large and sunny living areas with enclosed balcony. Unit is 89m² and has secure parking bay. Maruska Psotka 082 716 6454
HUMEWOOD – R950 000
HUMEWOOD – R1 720 000
HUMEWOOD – R1 200 000
NEW RELEASE - SOLE MANDATE! Mint condition, charming and spacious 2 bedroom apartment in a very secure and well maintained block. Fitted kitchen, bathroom with separate toilet. Enclosed balcony and secure under cover parking bay. This is a beachfront apartment close to all amenities. Maruska Psotka 082 716 6454
TOP LOCATION! SUPER APARTMENT! Spacious beach front apartment offers 3 bedrooms, 1 and a half bathroom. Open plan large living areas with stunning uninterrupted sea views Secure parking bay, laundry facility and CCTV cameras. This is a great well managed complex. Maruska Psotka 082 716 6454
RELAX THIS SUMMER! Enjoy the tranquility of this attractive 2 bedroom apartment close to all amenities and walking distance to the beach. Features include 2 bathrooms, large living areas with sliding doors onto balcony. Fitted kitchen and undercover parking bay. This apartment is situated in very well run block with good security all around. Maruska Psotka 082 716 6454
Very large sunny north facing apartment. Comprising of neat kitchen, large lounge onto balcony, large bedroom and bathroom. Secure parking bay. Maruska Psotka 082 716 6454
To advertise here contact 087 828 0423
AGENTS ARE EXPERT PROBLEM SOLVERS Negotiating is a tricky business and contracts can be problematic. Are you familiar with legalities or how to ensure that a contract protects you? Registered estate agents are licensed professionals with experience of moving transactions forward smoothly.
Another good reason why you should use an estate agent
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yourneighbourhood.co.za | 24 OCTOBER 2020
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Articles appearing in the legal Eagle Column are sponsored by writer Kaplan Blumberg & the following Legal firms:
Succession applies and the Executor does not fall under one of the exemptions.
• Conveyancing Costs: Although there is no transfer duty levied on the transfer of immovable properties bequeathed to a beneficiary, transfers costs will have to be paid.
• Bond Cancellation Costs: or substitution of debtor costs where the heir will assume liability for the settlement of the bond on the property.
• Accounting Fees: All outstanding tax returns have to be submitted to SARS. • SARS: All outstanding taxes due to SARS have to be settled (example Income Tax, Capital
Tel: 041 363 6044
ESTATE LIABILITIES TO CONSIDER IN YOUR WILL
Gains Tax, VAT and so on).
• Accounting and/or Legal Fees: to manage and attend to any transfer of shares and other business interests.
Do you have enough liquidity in your estate to settle these administration and related claims which may be payable by your estate?
• Executor’s Fees: In terms of current legislation, the tariff fees of office in force is 3.5% (plus VAT)
calculated on the gross value of the estate (Executor’s fees are not levied on assets which devolve in terms of a nomination, example life policies). • Master’s Fee: the amount payable per estate varies from R600 – R7 000, depending on the value of the estate. • Estate Advertisements: in total, four estate advertisements need to be placed in the Government Gazette and the local newspaper circulating in the area in which the deceased resided in the 12 months prior to their passing, totalling approximately R1 600. • Bond of Security: if your Will has not exempted the executor from providing same or if Intestate
• Accrual Claim: by your surviving spouse. • Motor Vehicles Transfer Costs: to heirs (including any roadworthy inspections). • Estate Duty to SARS: In those instances where beneficiaries are receiving their benefit by way
of a nomination (example the proceeds received from a life policy) - in the event of the Estate being liable for Estate Duty, the beneficiary of the proceeds of the life policy will be liable for the apportioned estate duty levied on the value of their benefit. • Other Potential Claims: examples of these are funeral expenses, medical claims, credit cards, loans, sureties, clothing accounts, municipal accounts, insurance and so on. These costs and others are applicable whether your estate is distributed in terms of a Will or in terms of Intestate Succession. Contact our Estates Department on 041 363 6044 of info@kaplans.co.za for advice and assistance in drafting your will.
KEY HOUSING PROPERTY DEVELOPERS
Claire Crescent, Ben Kamma, Port Elizabeth.
Built by one of PE’s leading developers
Selling Price R1 550 000 – R2 000 000
VIEW BY APPOINTMENT
Stunning Upmarket handcrafted face brick units available in this Sectional Title Townhouse Development. Several options available at present – choice of Plots and finishes. Stylish 3 Bedroom, 2 Bathroom homes all have Granite Tops fitted to Kitchen and Scullery. All have large Open Plan living areas and Double Garages. Notting Hill boasts High-speed Fibre connectivity.
View Website: www.keyhousing.co.za
Claire Keogh -083 655 4699 / Larry Keogh - 082 448 9386
PROP 24 – 106175977 - 103656751
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Neighbourhood
yourneighbourhood.co.za | 24 OCTOBER 2020
SWARTKOPS
STEPHEN & TALIETHA 082 400 9510 082 442 6931
Tel/Fax 041 583 4583 e-mail: th@thprop.co.za ALGOA PARK
ALGOA PARK FREESTANDING FAMILY HOME
ALGOA PARK
ALGOA PARK GREAT STARTER.
D
This home offers
R
3 bedrooms, lounge,
FOR THE YOUNG FAMILY This facebrick home offers 2 bedrooms with build in cupboards, lounge, kitchen and bathroom, carport all on spacious enclosed erf. R599 000
This home offers 2 spacious bedrooms with build in cupboards, neat tiled floors,modern bathroom, living area with open plan fitted kitchen opening onto spacious courtyard all in secure complex with secure parking. R550 000 STEPHEN 082 400 9510
STEPHEN 082 400 9510
CE
ALGOA PARK ALGOA HOF
This neat home offers 3 spacious bedrooms with build in cupboards, lounge, dining room, family room, 1.5 bathrooms, fitted kitchen, laundry, double garage and carport all on enclosed erf. R899 000
U ED
FOR THE YOUNG FAMILY. This spacious unit offers 2 large bedrooms (bic), beautiful bathroom, lounge, dining room, fitted kitchen, guest toilet and garage. R499 000 STEPHEN 082 400 9510
ALGOA PARK
STEPHEN 082 400 9510
ALGOA PARK GREAT STARTER.
D
CE
U ED
This home offers
R
2 bedrooms, lounge,
kitchen, bathroom all
kitchen, bathroom, lock-up
on enclosed yard with sliding gate. R350 000 STEPHEN 082 400 9510
garage all on neat CASH ONLY / GREAT STARTER This home offers 3 bedrooms, living area, kitchen and bathroom. R220 000 CASH ONLY STEPHEN 082 400 9510
ALGOA PARK This neat home offers 3 bedrooms with build in cupboards, lounge, beautiful fitted kitchen, bathroom with separate toilet and shower, garage with enclosed tandem carport, servant quarters plus neat one bedroom flatlet with lounge, kitchen and bathroom. All this on large enclosed erf. R980 000 STEPHEN 082 400 9510
W E NE EAS L E R
IDEAL STARTER HOME.
IDEAL STARTER HOME
This home offers 2 bedrooms, 2 bathrooms, large lounge, diningroom
2 bedrooms, lounge, fitted
ALGOA PARK
flatlet. All on one erf. R650 000 STEPHEN 082 400 9510
NORTH END KLARADYN COURT
OWN YOUR OWN BLOCK OF FLATS / STUDENTS. 1 x 7 Bedroom flat with kitchen, lounge, bathroom and courtyard. 1 x 3 Bedroom flat with lounge, kitchen, bathroom and courtyard. 1 x 2 Bedrooms flat with lounge, kitchen and bathroom and yard with secure parking. R1 299 000 STEPHEN 082 400 9510
This unit offers 3 bedrooms, lounge, kitchen and bathroom with separate toilet and garage. R320 000 STEPHEN 082 400 9510
NORTH END
CENTRAL
SIDWELL FAMILY HOME /
IDEAL FOR BUSINESSES. This property consist of large warehouse with office, kitchen, toilet, single garage with outside storeroom on enclosed erf. R699 000 STEPHEN 082 400 9510
STUDENTS. This home offers 3 bedrooms, lounge, kitchen, bathroom, secure parking for 2 vehicles R549 000 STEPHEN 082 400 9510
KWADWESI
MOTHERWELL
3 bedrooms, 2 bathrooms
kitchen and bathroom. 3 Garages and bachelor
STEPHEN 082 400 9510
GREAT STARTER 3 Bedroom home with 2 bathrooms, lounge, diningroom with sliding door opening onto patio with braai area, fitted kitchen with laundry. Garage. All on enclosed erf. R599 000 STEPHEN 082 400 9510
This home offers
This home offers
and kitchen. Double carport. All on enclosed erf. R499 000
ALGOA PARK
FAMILY HOME.
R369 000 STEPHEN 082 400 9510
ALGOA PARK
ALGOA PARK SPACIOUS FAMILY HOME
enclosed erf.
AANDBLOM. This unit offers 3 bedrooms (bic), lounge, beautiful fitted kitchen, bathroom and toilet. R299 000 STEPHEN 082 400 9510
MOTHERWELL
W E NE EAS L E R
W E NE EAS L E R
SPACIOUS FAMILY HOME. This home offers 3 bedrooms with build in cupboards, bathroom, fitted kitchen, lounge, diningroom and large family room / possible garage all on enclosed erf. R650 000 STEPHEN 082 400 9510
NICE SECURE HOME, CLOSE TO AMENITIES. Offers 2 bedrooms (bic), laminated floors, kitchen (bic), 1 lounge, 1 bathroom (tiled), 1 garage. Enclosed boundary walls, spacious yard, needs some TLC R380 000 RIAAN 064 514 3752
FOR THE INVESTOR / STUDENTS This beautiful home offers 2 bedrooms, lounge with fireplace, kitchen, bathroom and secure parking all in the heart of Central. R620 000 STEPHEN 082 400 9510
NEW BRIGHTON SECURE FAMILY HOME This home offers 3 bedrooms, open plan lounge to dining room, kitchen, bathroom, carport, flatlet with toilet and a storage. Enclosed boundary wall. Close to amenities. R420 000 STEPHEN 082 400 9510
(1 mes), lounge, dining room, kitchen, double garage. R650 000 STEPHEN 082 400 9510
KWADWESI
KWADWESI
YOUNG PARK
VAN DER STEL W E NE EAS L E R
BLUEWATER BAY LOVELY SPACIOUS FAMILY HOME This home offers a lot. Close to Kwadwesi SAPS and Kwadwesi shopping center. This home offers 3 bedrooms , 1 bathroom, dining room, large lounge. Stunning modern kitchen (bic), single room flatlet, backyard, front yard, double garage on remote, driveway. Secure front sliding gate and fence. R749 000 RIAAN 064 514 3752
SAFE AND SECURE FAMILY HOME This home offers 3 bedrooms with built in cupboards, 2 bathrooms (1mes), kitchen with built in cupboards, open plan lounge to diningroom and a garage. R630 000 STEPHEN 082 400 9510
SPACIOUS LIVING IN THE WESTERN SUBURBS This freestanding home offers 3 bedrooms with build in cupboards, bathroom, fitted kitchen with lounge, diningroom and family room. Lock-up garage all on a corner enclosed erf of more than 1 000 m². R1 100 000 CHIVONNE 064 541 9802
BY SOLDHEN STEP
TWO HOUSES ONE ERF. 2 Houses and flatlet. 2 Houses each offer 3 beds, 2 bath (1mes), lounge, dining room, kitchen, D/garage. Flatlet offers 2 beds, lounge, kitchen, bathroom and D/carport. R1 999 999 STEPHEN 082 400 9510
SUMMERSTRAND IDEAL FAMILY HOME This freestanding home offers 3 bedrooms with build in cupboards, lounge, dining room and family room, large kitchen, bathroom and carport all on spacious erf. R699 000 STEPHEN 082 400 9510
SPACIOUS AND STUNNING This home in the heart of old Summerstrand offers 4 bedrooms (bic), 2 bathrooms (1mes), formal lounge, family room flowing into diningroom and farm size modern fitted kitchen, study, pool with entertainment area with build-in braai, laundry, servant quarters with bathroom, double garage, PLUS spacious flatlet with kitchenette and bathroom. R2 699 000 STEPHEN 082 400 9510