Neighbourhood PTA - 10 November 2019 by Your Neighbourhood

Neighbourhood 10 NOVEMBER 2019

PROPERTY & LIFESTYLE

Best of both worlds Everything anyone could want or need, has been addressed in the new Hazelwood in the Old East, while established comforts remain, page 2

SUBURB FOCUS: HAZELWOOD

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PROPERTY NEWS

10 NOVEMBER 2019

Neighbourhood

Suburb focus

Hazelwood ‘Surban’ is a new concept set to offer residents a blend of both urban and suburban life WORDS: BETSIE LOOCK-VAN DER MERWE IMAGES: RENE WALKER & GOOGLE MAPS *Map not to scale

he suburb of Hazelwood in Pretoria’s Old East had in recent years been given a new lease on life thanks to some difficult but muchneeded developments and upgrades to its business and leisure areas. This charming little suburb is located just across the road from the greens of the renowned and historic Pretoria Country Club. It’s neighbour to prestigious Old East suburbs like Waterkloof, Menlo Park and Maroelana. The suburb is flanked by the Hatfield/Brooklyn hub to its northwest and Menlyn/ Menlyn Maine to its southeast.

The “new” demand to live in this perked-up neighbourhood with its central location resulted in the erection of several other residential developments suited to the sophisticated needs of an ultra-modern society. This year The Village, an alfrescostyle space with many delightful restaurants, and The Club joined efforts to further streamline the work-live-play scenario. It culminated in the formation of the Old East Precinct in the new Hazelwood. According to property developers this precinct can best be described as Pretoria’s first “surban” space which refers to the contemporary mix of urban and suburban districts in which residents and visitors stroll around

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PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING

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Hazelwood’s other key attraction is also its comfortable location within a few minutes from the N1 highway and main arteries in Pretoria East giving motorists easy access to other suburbs, the central business district of Pretoria, and other venues in the greater Gauteng.

Property

These nodes have experienced tremendous regeneration over the past decade and are rapidly transforming into mixed-use precincts characterised by an exuberant and trendy work-live-play milieu. Being just about in the middle of these nodes, Hazelwood didn’t stay behind. Initial projects in Hazelwood mainly comprised The Club lifestyle and retail centre which included many new restaurants. The Club project, developed by the prominent Atterbury Property, was extended to The Club precinct, which today includes office premises, a mega-gym, a state-of-the-art surgical centre, prestigious advocate chambers, and a residential component.

KHALEO

leisurely, visit restaurants and cafes, work and live.

Residential properties in the market in the “new” Hazelwood mainly comprise luxury living, lock-up-and-go, executive-style apartments catering to a surban lifestyle. The key words here are security, exclusivity; ultra-modern; clean lines; integrated appliances such as fridges, freezers, gas stoves, built in braais; pre-paid utilities; partly solar, and connectivity like Wi-Fi and fibre. There are a variety of apartments available in these developments, ranging from bachelors’ units to twoand three-bedroom units and even hotel-style penthouses. The price tag in Hazelwood starts at around R2m. There are several beautifully renovated family homes with all the extras on the market as well. One can expect to pay between R3m and R7m. Some of them are suitable for development and higher-density housing. A few pieces of vacant land for this purpose is also available.

Schools

Even though there’s a high demand to live in Hazelwood, it’s a relatively small geographical area and residents with kids of schoolgoing age commonly make use of schools located in neighbouring suburbs like Brooklyn, Waterkloof, Alphen Park and Menlo Park. Nearby public primary schools of excellent standing include Laerskool Menlo Park, Glenstantia Primary in Waterkloof Glen, Laerskool Lynnwood, Brooklyn Primary,

Waterkloof Primary and Laerskool Pretoria-Oos in Brooklyn. In terms of high schools, Silver Oaks International High School is situated in Hazelwood and offers independent tuition in the University of Cambridge’s syllabus, while there are many highly regarded public high schools located in neighbouring suburbs. These include Pro Arte Alphen Park (specialisation for the arts), Hoërskool Menlo Park, The Glen High School in Waterkloof Glen, Pretoria Boys High School, Pretoria Girls High School as well as Afrikaanse Hoër Seunskool and Afrikaans Hoër Meisieskool Pretoria.

Explore

Of late Hazelwood has often been dubbed Pretoria’s new restaurant hotspot, and justly so. At the heart of this new hangout are the ever popular The Village restaurant hub linked with the contemporary The Club development. Patrons particularly enjoy the openair street cafe ambiance, lively vibe, and walkability of the area. This hub is made up of an enormous variety of restaurants, bistros, cafes, pubs, coffee shops and all sorts of eateries. Another plus for Hazelwood is its centrality to the city’s top entertainment venues like Brooklyn Mall with its many movie theatres and art nouveau cinemas; Menlyn Park Shopping Centre with, among others, its food court, comprehensive games arcade, movie theatres, gokarts and kids’ entertainment; and Menlyn Maine’s central square with its upper-class restaurants, Sun Arena live performance venue and casino. For those preferring a little greenery beneath their feet, Hazelwood is equally close to an abundance of parks and reserves that can be explored. These include Struben Dam Bird Sanctuary, Lynnwood Glen; Pretoria National Botanical Garden, Brummeria; Austin Roberts Bird Sanctuary, Nieuw Muckleneuk; Jan Cilliers Park, Groenkloof; and Faerie Glen Nature Reserve, Faerie Glen.

ADVERTISING SALES: Call us for advertising opportunities on 087 828 0423 Production: Lucea Goosen pretoria@yourneighbourhood.co.za Online coordinator: Chantelle Balsdon chantelle@augmentcreative.com

10 NOVEMBER 2019

Neighbourhood

PROPERTY NEWS

STAY • Stay 2 Live, Hazelwood: comfortable, neat self-catering • Firwood Lodge, Hazelwood: four-star luxury B&B • 2a Quiver Tree, Menlo Park: upmarket, self-catering • 55 On Dely, Maroelana: immaculate B&B • Purple Trumpet Guest House, Waterkloof: super-luxury guesthouse

I love living in Hazelwood. It feels like our own little village in the heart of the big city. LILY MCCLAGLAN, RESIDENT

SHOP THE WORK SPACE

• Cape Connection, Maroelana: lifestyle and boutique centre • The Club Centre, Hazelwood: upmarket lifestyle centre • The Village, Hazelwood: a selection of restaurants • Brooklyn Mall, Brooklyn: abundance of retail therapy around the corner • Menlyn Park Shopping Centre, Menlyn: a few minutes’ drive away

EAT

For a typical property in this area You’ll pay

R34,056 per month

R3,529m

For a typical property (four-bedroom house)

R2,95m In a complex

15%

Median asking price

40%

COMPLEX

Median asking price

APARTMENT

Monthly bond repayments

For rent

R15,000

For a typical property (two-bedroom apartment)

R19,000 In a complex

APARTMENT

For sale

COMPLEX

• Oze Café and Bistro: authentic Portuguese cuisine • Hinterland: no compromise on steak • Central Restaurant: popular for meeting and dining with friends • Brunch Street: cafe and deli • 23 on Hazelwood: trendy street cafe • Khaleo: breakfast, lunch and beautiful confectionery

15%

45%

Based on

over a period of 20 years at 10% prime

R2,2m

45%

For an apartment

R3,25m For a house

R15,000

40%

For an apartment

R17,000 For a house

HOUSE

median asking price

HOUSE

R3,529,000

PROPERTY NEWS

10 NOVEMBER 2019

Neighbourhood

Grow and multiply You can make your investment work smartly by remortgaging cleverly or growing your property portfolio by using only one bond. Here’s how. WORDS: MIRIAM MANNAK

IMAGES: SHUTTERSTOCK

esidential property is regarded as the Holy Grail of investment. But how can buyers make their purchase work for them financially to make the most of their investment?

Clever bond financing

Investors can eventually buy two low- to medium-cost properties with one bond while keeping repayments low and paying off the mortgage quicker, says Just Property Invest sales manager Pieter Piek. He says a R1m flexi or access bond typically involves repayments of about R9,800 a month for 20 years. However, a paying tenant in your property can change this. If their rental income covers the bond repayments, you could increase your payments by R5,000. “The bond will be paid off in less than half the time,” says Piek. Because flexi or access bonds allow you to withdraw money, you could take out the excess after five years to buy a second property at R500,000 without a new bond. Piek says this unit should achieve a rental income of R4,500, to be put towards your original bond. “This means you now have two properties paying off one bond and you still have 15 years left in which to pay it off.”

Save, save, save

Put bonuses, 13th cheques, tax rebates and other windfalls into your bond. “This allows you to pay back more than just your monthly repayment rate,” says Mike Greeff, CEO, Greeff Christie’s International Real Estate in SA. “The increased payment paired with any potential cash injections could cut your bond period by up to five years.” Defaulting on payments negatively impacts on your credit score and opens the door to added interest and potential charges on returned debits, Greeff warns.

Remortgage, don’t sell

While it may seem attractive to sell a home that is appreciating fast, capital gains tax payments on the profit need to be considered. Remortgaging your home or using your property’s higher value to obtain a larger mortgage, may be a better alternative.

RESIDENTIAL DEVELOPMENT LAND FOR SALE

“This is called releasing equity,” says IP Global head of Africa George Radford. “This lump sum can be used to diversify a portfolio or invest in new properties in different markets to mitigate risk – each with their own mortgage.”

Beware of a bargain

A bargain may become a rip-off due to unforeseen renovation bills, which can impact on bond repayments. Piek’s advice is to buy newer units. “You might pay a little more but you’re getting new geysers and know that the plumbing and wiring have been done recently.”

QUESTIONS TO ASK BEFORE SIGNING • Buying property to let requires an investor’s mindset free of emotion. The perfect investment location is an area with high rental demand and may not be your own preferred location. • The low- to mid-end market has a higher demand for rentals than the upper end. Entry-level residential properties almost always appreciate in value faster. • Set up an emergency fund for unexpected costs not covered by insurance. • When purchasing to let, calculate the potential yield of the property (the annual rental income minus expenses, divided by the price of the property) and compare it to the yield of other rental properties in the area. • Do a comparative marketing analysis of the area. Make sure your rental income covers your monthly repayments and that you can afford potential shortfalls. • Find an experienced management agent to find the right property, an approved tenant, manage rent collections, and take on maintenance issues. • Be aware of all legal aspects and capital tax implications.

Source: Marike Beyers, senior property investment consultant at Just Property Invest

R12,300,000 NEG FOR BOTH PROPERTIES Erven 507 & 513 Muckleneuk, Pretoria. 49 Marais Street & 832 Justice Mahomed Street. Combined 5215 square metres. Zoned Res 4 for 40 units. Applications for Heritage Act Demolition, Consolidation, the Removal of Restrictive Title Conditions & Zoning approved. Close to University of Pretoria & various schools.

Please Contact Chris: 082 337 8401

10 NOVEMBER 2019

Neighbourhood

PROPERTY NEWS

New-generation retirement development to be launched in Century City

he tremendous success of Oasis Luxury Resort, where all 375 apartments were sold ahead of completion, was an indication of Century City’s potential as a soughtafter retirement address. Residents praise the lifestyle they enjoy – a perfect blend of modern comforts with the serenity and easy access to nature. Oasis Life Century City will rise along the water’s edge of the old Ratanga Junction site, a unique design and lifestyle retirement offering that stands tall and proud as a series of four residential towers that forms a wonderful bookend to the southern boundary of the newly-designed Ratanga Waterfront precinct. The choice of location was well considered to ensure that due to its scale, the development would have optimum orientation and views facing north over the reimagined

and rehabilitated Ratanga Park that it will overlook. The new large body of water will connect to the extensive network of existing canals that flow throughout Century City. Residents will be able to enjoy the lush greenery of the gardens around Oasis Life, which meet the banks of the water. Smaller islands and a large new green park will be visible across the water, which will include additional habitats for the exceptional bird life that’s already established in Century City, as well as a new recreational destination for residents and visitors. Phase one, with construction commencing next year, will consist of 62 luxury apartments ranging between 81m2 to 165m2, and one-, two- and three-bedroom options. Each apartment will have a north-facing balcony which will be partly screened for privacy and wind protection.

Public, private sector must collaborate in face of Joburg water crisis

ith the ongoing heat wave pushing water consumption to a record high, the City of Johannesburg has implemented Stage 2 water restrictions. The situation is exacerbated by falling dam levels due to low rainfall, and a planned shutdown of the Lesotho Highlands Water Project (LHWP) tunnel system for inspection and maintenance. “We need to educate people. Cape Town had a water crisis, its experience and successes must be shared, and the public made aware of,” Hanine van Deventer, senior engineer: water, Africa, at infrastructure delivery company AECOM comments. “It’s a case where public and private entities need to collaborate to better manage water, a precious commodity, and serve the ever-growing population so as to promote economic growth.”

Private property owners can become more resilient against waterstress conditions by reviewing their commercial and insurance obligations in terms of maintaining water supply; reducing their overall water dependency and consumption; familiarising themselves with the national and provincial legislation, regulations, and restrictions in terms of water use, and the development of alternative water sources and systems; engaging with their local water service authority (WSA) on the local application and management of the national mandates according to local bylaws, restrictions, and standards; and even considering local private-public partnerships in developing alternative water sources.

expedite procedures to establish a realistic and viable resilience plan,” Van Deventer argues. WSAs also need to have a realistic water resiliency plan that has to be communicated properly to the public to facilitate its implementation. The capability and readiness of bulk water infrastructure to operate intermittently at reduced flows and/or pressures must be assessed, in hand with contingency plans and interventions to reduce or control non-revenue water. “It’s a fact that South Africa is a water-scarce country. We need to evolve accordingly, and manage water wisely. Everyone must work together to improve our state of water resilience,” Van Deventer concludes.

The estate of choice for parents with schoolgoing Cederberg Estate aimed at first-time homebuyers children

estled in the heart of Irene and conveniently situated just off the N1 highway lies the sought-after Southdowns Estate. Michelle Nieuwoudt, an agent with Seeff Centurion, says Southdowns is marketed as “a life less hurried”, and even though this is exactly what it offers being far enough from the city’s hustle and bustle, it’s still within close proximity to all the important activities, amenities and places of employment. “Situated less than 3km from the Centurion Gautrain Station, Southdowns appeals to many different people. The estate is popular especially among professionals who enjoy farm living, but who still need to be close to the fast pace of the city.” Nieuwoudt says young professionals and graduates who are planning

families are a big portion of recent buyers in Southdowns. “The estate appeals especially to young families and those planning families soon – not only because of the high-quality schools within the estate, but also because Southdowns offers a safe and friendly environment to raise a family.” Living in the estate when your children attend a school here, is a big bonus as working parents save both time and money when they don’t have to arrange au pairs or transport for their children. Children can walk to and from school within the estate. The pasture, Irene Dairy Farm, as well as the Irene Country Club (social membership for the whole family is included in the levies) are also on your doorstep and the estate offers direct access via walking, golf carts and cycling to all these, based on a fingerprint system.

Spaces, a subsidiary of VDMV Property Group, has launched Cederberg Estate, which will offer 192 units on completion. Situated on the urban edge of Kuils River adjacent to the Mooiberge Estate on the Bottelary Road, the new development is only 20km from

“Early stakeholder engagement can clarify many uncertainties, and

Stellenbosch and within easy access of the Brackenfell, Tygerberg, Bellville and Durbanville business hubs.

With prices for a studio apartment starting from only R650,000 including transfer costs, the developers aim to address the ever-increasing

shortage of affordable residential property developments close to work, schools, transport nodes, shopping centres and other amenities in and around the Cape Peninsula. According to developer Craig Myburgh of V Spaces, Cederberg Estate is designed to assist qualifying first-time buyers onto the property ladder. “First-time homebuyers can start their first chapter with peace of mind, knowing that their kids can play in a safe environment in the estate’s play park and landscaped gardens. The estate will also offer a clubhouse and swimming pool where residents can socialise around the braai areas and pizza oven, creating a feeling of community. Furthermore, the fynbos-cladded slopes of Simonsberg are a beautiful backdrop to come home to every day, with fresh air and open spaces in the Winelands. Everything one needs to lead a fulfilling life,” Myburgh says.

AGENTS MOVE TRANSACTIONS FORWARD

No home is a perfect fit â&#x20AC;&#x201C; not for the seller, not for the buyer. Registered estate agents know how to overcome objections on price, date of occupation, and all the nitty-gritty elements that make up a property transaction. Registered estate agents have the experience to move the transaction forward.

Another good reason why you should use an estate agent

www.rebosa.co.za

REAL ESTATE BUSINESS OWNERS OF SOUTH AFRICA

Neighbourhood

stneighbourhood.co.za | 3 NOVEMBER 2019

Your Home, Our Core Business

www.appleproperty.co.za | 012 348 0123

Y LL

IC ! ST D A E R UC D E D IC RE R

ARCADIA

R35 200 000

BLOCK OF FLATS?

LYNNWOOD MANOR SOLE MANDATE

R2 650 000

4 BEDROOM IN SECURE ENVIRONMENT

This land is up for sale and zoned for residential sectional title units. Stylish upmarket home set in a paradise filled garden with pool. Close to the Union Buildings, UNISA, TUKS and the TUT campus. This Great security system. Entertainers dream - living areas interact with the kitchen & outside entertainment areas. Well located! is the only land available in the area! Hurry and call me!

WEB REF: AP 12806 ESTE MOOLMAN - 083 268 0736

WEB REF: AP 13782 ADONNY NKGABANE - 073 373 5409

NEWLANDS

R1 500 000

NEWLANDS SOLE MANDATE

R2 050 000

NEWLANDS

FROM R725 000

NEWLANDS SOLE MANDATE

R1 190 000

NEW DEVELOPMENT OPPORTUNITY!

EXCELLENT LOCATION! EXCELLENT BUY!

Kingswood Village upmarket Retirement Village in an established environment. Only 12 - 1 bedr & 2 bedr units. Kingswood has a fantastic reputation. 10 meals inclusive in the levies. Lots of extras!

Sunny & bright apartment. This units offers 2 bedrs 1 bathr, openplan kitchen & lounge. Situated in the upmarket retirement village of Kingswood. 24 hr home care with 10 meals included in levy.

WEB REF: AP 13263 WEB REF: APD45 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386

RIETVALLEIRAND SOLE MANDATE

CENTURION GOLF ESTATE R2 600 000

R3 950 000

NOT TO BE MISSED!

EXCELLENT OPPORTUNITY - TOWNHOUSE!

FARMSTYLE LIVING IN AN ESTATE

THE GREAT ESCAPE - GREAT LOCATION!

North-facing 2 bedr, 1 bathr apartment in an upmarket Retirement Village. Spacious living room, open-plan kitchen, enclosed balcony, 24 hr security & excellent facilities such as a gym, hair salon etc.

Townhouse with private garden. North views overlooking the valley! This exclusive retirement village has a lot to offer. 2 bedrs, 1 bathr, 1 garage, 1 carport & a pet friendly garden! Call now for more info!

Offering 3 bedrs, a study, 2 full bathrs, a guest toilet, open-plan living, dining & kitchen area with a practical kitchen & scullery. Double garage, study / guestroom, pool & patio with built-in braai.

Enclosed patio opens onto an outside patio. 3 bedrs - MES, 2.5 bathrs, 3 reception areas, chef's kitchen, study, underfloor heating, fireplaces & more! Own access to walking trail & green belt.

WEB REF: AP 12798 WEB REF: AP 12980 WEB REF: AP 14006 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386 MAGDA - 084 505 7840 & MARISA - 072 204 2822

THATCHFIELD ESTATE

R3 050 000

DIE HOEWES

R735 000

4 BEDROOM DUET - DREAM HOME!

2 BEDROOM, ONE BATHROOM UNIT

Buy from plan. Occupation +/- March 2020. 4 bedr, 4 en suite bathr home with a pj lounge, 5 balconies. Study, staff quarters & a double garage. Choose your own finishes!

First floor unit with 2 bedrs & 1 full bathr. In perfect condition, with wooden blinds. Open-plan kitchen/living room leads to a covered balcony. Kitchen has lots of cupboards. 1 garage! Not to be missed!

WEB REF: AP 13381 BRAAM KRUGER - 082 366 2544

-5

D AY ’

T SI

SU N

WEB REF: AP 13745 ANTIONETTE JONKER - 083 321 6715

DIE HOEWES

R1 480 000

3 BEDROOMS, 2 BATHROOMS & 2 GARAGES!

Spacious stand-alone simplex! Ready to move into! Easy access to main roads, Gautrain Station & Centurion Mall. 3 bedrs, 2 bathrs MES! Open-plan living & dining area. Covered patio & large garden.

WEB REF: AP 14311 ANTIONETTE JONKER - 083 321 6715

MENLO PARK

FIFTH ON BROOKLYN

WEB REF: AP 12678 MAGDE MEYER - 083 387 3437

WIERDA PARK

R2 226 000

NEAT AS A PIN! SPACIOUS FAMILY HOME Well maintained home has spacious living areas, all areas have laminated ﬂoors. Study, guest toilet, kitchen & laundry/scullery. 4 bedrs - main en suite. Thatched lapa withbuilt in braai & pool.

WEB REF: AP 14036 ELMARIE HUMAN - 082 774 7088

SOLE MANDATE

FROM R1 499 000

THE OPPORTUNITY OF A LIFETIME Situated in the core of the old east of Pretoria with exceptionally high quality finishes in an Up Market Development. Only 30 units in total, all north facing. 3 different plans: A type units consist of 2 bedrs, 2 bathrs & a study nook. Ground floor units have gardens. B type units consist of 2 bedrs, 1 bathr & a guest toilet. C type units are duplex units & consist of 2 bedrs, 2.5 bathrs & a guest toilet. Double undercover parking not included in square

metre size of your unit. Units have a separate laundry area! An investment opportunity or for personal use. Call us to discuss your property needs!

WEB REF: APD55 ANDRE - 082 930 7386 & PETRO - 082 551 7990

DIFFERENT SPLIT OPTIONS AVAILABLE! AN OPPORTUNITY NOT TO BE MISSED! Calling ALL experienced agents in PTA East, PTA North & Centurion! Tired of doing all the work with minimal commission? We have the solution for you! NQF4 & MARKET EXPERIENCE A MUST!