Neighbourhood 3 DECEMBER 2017
PROPERTY & LIFESTYLE
Join the club How Waterkloof's enviable lifestyle, variety of amenities and beautiful homes continue to attract homebuyers, page 2
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SUBURB FOCUS: WATERKLOOF
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BUSINESS Q&A
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PROPERTY NEWS
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PROPERTY NEWS
3 DECEMBER 2017
Neighbourhood
Suburb focus
Waterkloof Here’s what’s happening in property in the area WORDS: BETSIE LOOCK-VAN DER MERWE IMAGES: RENE WALKER
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aterkloof was established in 1903 as a remote township about 10km southeast of Pretoria. The area was so isolated that the South African Township and Mining and Finance Corporation had to come up with its own plans to generate electricity in the area and establish a public transport service “to town”. In the following years, the tranquil, hilly suburb, with its Victorian street names and large erven, became a favoured residence for many prominent businessmen and statesmen. Today, Waterkloof’s graceful homesteads are still largely home to influential people, foreign diplomats and the rich and famous.
The suburb offers a secluded, exclusive lifestyle on the leafy ridges overlooking the bustling city against the backdrop of the Union Buildings. The words published in 1913 in Lochhead’s Guide, Handbook and Directory of Pretoria still ring true: “People of Pretoria are indeed singularly fortunate in having so lovely a suburb as Waterkloof in which to make their homes, endowed as it is with a perfect climate, magnificent scenery and excellent soil – a township in which every convenience and exceptional facilities are provided for those willing to take advantage of the many benefits extended in the spirit of enterprise which has prompted its establishment.” PUBLISHED BY BLACKSTAR PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423
More than 100 years later, Waterkloof still has many conveniences and exceptional facilities, with the area now part of the “Old East” adjoining Pretoria Central.
NATURE NEARBY: • • • • •
At least 10 excellent high schools are within a 6km radius of Waterkloof, while not less than five good feeder primary schools can be found within the same precincts. The University of Pretoria and Unisa are less than 15 minutes from the suburb. Residents have an extensive range of top private hospitals nearby and a variety of churches. The Waterkloof Homeowners Association, residents, local police and security initiatives keep the area safe and support the Integrated Crime Prevention Plan for Waterkloof.
DINE OUT: • Blue Saffron Restaurant at the Pretoria Country Club: for fresh oysters on the patio • The Three Ducks Restaurant: for French-inspired cuisine • Brasserie de Paris: for fine dining • Meet on Milner: for live entertainment and craft beers • De Kloof Restaurant: for upscale European-style dishes
Waterkloof Corner offers a convenient stop for basic shopping needs within Waterkloof. Comprehensive shopping facilities such as Menlyn Park and Brooklyn Mall can be found nearby, and an array of fine dining restaurants and delightful coffee shops are spread throughout the area and neighbouring suburbs. Waterkloof is renowned for a special annual tradition. When night falls over the December festive period, residents from all over Pretoria gather in Lawley Street in their thousands to admire an awe-inspiring display of twinkling Christmas lights put up by residents of the street.
THINGS TO DO:
I love the convenience of being so close to main roads like Florence Ribeiro Drive (formerly Queen Wilhelmina Avenue), Rigel Avenue, Justice Mahomed Street, Atterbury Road and the N1 highway
• Visit Pretoria Country Club – a quality sports and social venue established in 1910. • Play a round of golf at the Waterkloof Golf Course. • Spoil yourself with a treatment at Babor Beauty Spa. • Enjoy fine art at Trent Art Gallery. • Watch movies at Brooklyn Mall.
SENTA DEETLEFS, RESIDENT
EDITORIAL TEAM: Group Editor: Charis Le Riche charisl@yourneighbourhood.co.za Managing Editor: Molly Fitz-Patrick
Bruinslich Park Jan Cilliers Park Austin Roberts Bird Sanctuary Groenkloof Nature Reserve Wolwespruit Bike Park
ADVERTISING SALES: Senior Sub-Editor: Mlungisi Mthembu Designers: Anja Bramley & Samantha Durand Group Online Editor: Lauren Joubert
Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Key Account Manager: Marie Hay marie.hay@thecreativegroup.info Production (Editorial & Property Advertising): Lucea Goosen pretoria@yourneighbourhood.co.za
(012) 346 8888 brooklyn@moo-moo.co.za
3 DECEMBER 2017
Neighbourhood
PROPERTY NEWS
For sale
For rent
Median asking prices
Median monthly asking prices
R4,56m
R29,000
For a typical property (four-bedroom house)
R3,35m In a complex
R2,3m For an apartment
For a typical rental property (four-bedroom house)
R4,5m
R19,500
For a house
In a complex
Property type 95%
Monthly bond repayments For a typical property in this area
apartment You’ll pay
R44,763 per month
R11,500 For an apartment
R28,500 For a house
Property type 1%
house
3
4%
71%
complex
9%
house
Based on
apartment
over a period of
at
R4,56m
20
10,25%
median asking price
years
prime
20%
complex
18823
FOUND YOUR DREAM HOME? KNOW INSTANTLY IF YOU QUALIFY. Get an answer on your home loan in 3 minutes flat with the Nedbank Instant Bond Indicator. Visit nedbank.co.za/homeloans and click on ’Instant Bond Indicator’. Indicator’
Terms and conditions apply. | Nedbank Ltd Reg No 1951/000009/06. Authorised financial services and registered credit provider (NCRCP16).
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BLACK BOOK
3 DECEMBER 2017
Neighbourhood
Neighbourhood
BLACK BOOK
Vodacom
Brooklyn Mall & Brooklyn Square
3 DECEMBER 2017
Neighbourhood
My business neighbourhood EMZ Decor is a new home decor and gift shop in Lynnwood WORDS: ZENA LE ROUX IMAGE: SUPPLIED
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MZ Decor offers a wide variety of unique gifts, furniture, mirrors, and other decor items ideal for small spaces. It also sells locally made jewellery and ceramics and offers a complimentary wrapping service on all gifts bought in the shop. Owner Debbie Mandemaker tells us more. Q: How did your business start? A: There’s another branch of EMZ in Kloof, Durban. This is the original store which is owned by my sister, Joanne Wood. The original store was Joanne’s concept which, after three years, she wanted to expand into the Pretoria/Johannesburg region. We saw the opportunity and decided to open our own EMZ store in Pretoria along the same theme. Q: Why did you choose this area to set up shop? A: We were looking at a target market of middle- to upper-class women around the Pretoria area. After seeing a large number of different premises, we decided on Glenfair Boulevard in Lynnwood, as many of the tenants had been there for 10 years or longer and it has a wide range of customers. The centre is nicely set up and all the shops complement each other. Q: How did you find your premises? A: Once we had completed our business plan, we engaged a real estate agent to help us find the
perfect location for EMZ – looking at a store of about 50m² in a good location and in a good area that met our target market. Q: Why are the premises ideally suited to your business? A: We’re located next to the Spar (one of the anchor stores in the centre). Therefore, we have a large amount of foot traffic on the way to Spar. We aim to give people an alternative to going to a larger mall every time they need a gift. Q: Who are your neighbours? We’re located next to the Superspar and have a number of clothing outlets nearby. Q: What are the shop rental/sales prices like in this area? A: The shop rental is slightly higher compared to some of the other retail outlets in the area. Sales prices are dictated by market conditions and by competitors in the centre as well as the surrounding area. Q: How many people go through your store each day? A: We have a large number of people coming into the shop daily, even though many just browse. The actual number of sales can differ from day to day, but on average we make about 20 to 30 sales a day. Many customers make use of our complimentary gift-wrapping service.
Q: Do you have any expansion plans? A: We’re currently focusing most of our attention on our new store, but the ultimate aim is to expand to three or four stores in the Woodhill, Sandton and Bedfordview areas, but that would only be within a three-year timeframe. Q: Do you operate online as well? A: This is still in the developmental phase. The domain registration has been completed and the site is busy being designed. We’re hoping to launch the site soon. Q: What’s your most popular item? A: Due to the variety of products we offer, we have quite a few popular items: for example, our gift hamper products consisting of body products such as hand creams, soaps and fizz balls. Most of these products are handmade. Our locally made jewellery and ceramics are also very popular and we’ve recently introduced ceramic spoons to our product range, which have exceeded our expectations.
SEE FOR YOURSELF: EMZ Decor Lynwood 082 461 6791 facebook.com/Emzglenfair
PROPERTY NEWS
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PROPERTY NEWS
3 DECEMBER 2017
Neighbourhood
Boom time for the East City Precinct
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or many years, Cape Town’s East City Precinct was regarded as the less desirable fringe of Cape Town’s CBD, largely overlooked by the developers who’ve been reshaping the cityscape over the last decade. However, this has started to change, with recent upgrades attracting new businesses and injecting new life into the area. Lew Geffen, chairman, Lew Geffen Sotheby’s International Realty, says that until recently, investment in
this area was very slow, especially when compared to the Foreshore and other central sectors, but with R16bn worth of construction under way or planned over the next few years, the East City Precinct will undergo a dramatic transformation. “The area has been earmarked by the city as a special design and development district, and many are hailing it as a ‘design and innovation district’, as well as the latest trendy social hub,” says Geffen.
Chad Shapiro, senior commercial broker, Lew Geffen Sotheby’s International Realty CBD, City Bowl and Atlantic Seaboard, says that a number of the larger commercial buildings have already been remodelled and upgraded, including The Harrington, 50 Buitenkant and the entire Church Square area. Construction includes the new Amazon.com building which is being built where Viglietti Motors was situated.
Old warehouse to be converted into retail park M1 Place (Marlboro, Sandton) is a prominent and highly visible property asset, and it’s home to great businesses. However, it had become outdated in recent years. We identified its refurbishment and expansion as a good investment to unlock better performance from the asset and extend its life cycle. This strategic upgrade is already achieving its intended benefits. ENGELBERT BINEDELL, DIRECTOR: INDUSTRIAL DIVISION, GROWTHPOINT PROPERTIES
Nedbank partners with Brettenwood clients to protect their homes launches Wagtail
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verall consumer debt in South Africa stands at more than R1,7 trillion. As one of the country’s largest home loan providers, Nedbank understands that owning a home is a long-term commitment which can be affected by changing economic cycles. This is why the bank is partnering with clients to help them cope with financial hardship. Nedbank has a range of options to help clients. There’s a customised payment plan, allowing them to
catch up on missed payments over time. A home loan account can also be restructured over a longer period, effectively reducing instalments. To date, more than 30,000 families have made use of these options and have managed to keep their homes. Thozama Mochadibane, head: customer experience (home loans collections and recoveries), Nedbank, believes that clients who are better informed make better choices. “With this in mind, we’ve developed the Nedbank Payment
Solutions website. The website provides simple descriptions of the options available and a useful calculator, enabling clients to assess which options they can choose, as well as the likely financial impact of each.” It’s important that consumers focus on protecting and retaining property and other appreciating assets, as this represents firstgeneration wealth. Together with future rental income, property can be an appreciating asset and a potential income earner.
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agtail will be the last premium sectional title development in Brettenwood Coastal Estate in KwaZulu-Natal. The 35 properties offer premium finishes and positioning with sea views. This new development is situated on one of the best sites on the estate and offers a prime location. Union 3 Developers have been working closely with Brettenwood’s on-site sales and marketing team, Home and Country Property, to launch this new development. They have been responsible for developing upmarket
homes and developments along the Dolphin Coast for close to seven years. The houses, designed by Bloc Architects, will range from 200m² to 250m², while the apartments will range from 99m² to 207m². The houses will have mostly sea and forest views, swimming pools and customised finishes catering to investors’ individual tastes. Construction on this development will begin in March 2018 and the first house will be handed over in November 2019.
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Neighbourhood
stneighbourhood.co.za | 3 DECEMBER 2017
Buy
. . . d n a t as
Stand: R589 000 up to R650 000 Building: R1 225 000
Stand: R589 000 up to R650 000 Building: From R1 150 000
Stand: R589 000 up to R650 000 Building: From R1 100 000
FAR = 120% of stand size
Neighbourhood
stneighbourhood.co.za | 3 DECEMBER 2017
BUILDING PACKAGES Pretoria East
View the video of Mooikloof Country Residences on the link below: https://youtu.be/2hm6Cq07xEk
u b d an
e r d r u o y ild
! e m o h am
Stand: R589 000 up to R650 000 Building: From R1 450 000
Stand: R589 000 up to R650 000 Building: From R1 350 000
Stand: R589 000 up to R650 000 Building: From R1 200 000
WERNER EKSTEEN
RE/MAX Jowic - Team Werner Eksteen
082 411 3089
082 5774531 (OfďŹ ce) werner@wernereksteen.com
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stneighbourhood.co.za | 3 DECEMBER 2017
Neighbourhood
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