Neighbourhood 15 SEPTEMBER 2019
PROPERTY & LIFESTYLE
Going back west There’s no denying it: Copperleaf Golf & Country Estate and Mnandi A.H. in the countryside of Centurion West offer the best lifestyle and location, page 2
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SUBURB FOCUS: CENTURION WEST COUNTRYSIDE
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PROPERTY NEWS
15 SEPTEMBER 2019
Neighbourhood
Suburb focus
Copperleaf Golf & Country Estate and Mnandi A.H. Centurion West’s countryside offers a sought-after lifestyle and a location to die for WORDS: BETSIE LOOCK-VAN DER MERWE
*Map not to scale
IMAGES: RENE WALKER & GOOGLE MAPS
B
eing developed on the western rural outskirts of Centurion in the Mnandi countryside area, Copperleaf Golf & Country Estate offers a picture-book location to live an idyllic lifestyle in your dream home. This estate with its 18-hole Ernie Els designed golf course was developed on the farm Knoppieslaagte that the top-ranked South African golfer’s grandfather, Ernie Vermaak, grew up on around the 1918s. Today, the area surrounding this estate is named Mnandi, and besides the prestigious Copperleaf and one or two upcoming developments, it still mainly comprises small holdings and agricultural land. The estate offers spectacular vistas over the rolling greens of the golf course against the backdrop of the Magaliesberg and surrounding Highveld grassland and several dams. This close-to-nature lifestyle extends to Mnandi A.H. with its many trees and rich birdlife. Notwithstanding the tranquil countryside ambiance of both Copperleaf Estate and Mnandi, these addresses also offer troublefree access to main arteries like the
N14-highway between Pretoria and Krugersdorp (Lanseria International Airport) as well as the R511 to the Fourways/Sandton area. Copperleaf Estate claims state-of-theart modern security technology and a stress-free setting where families can live, play and relax. Mnandi and Copperleaf are close to amenities like schools, hospitals, shopping centres and the Centurion business hub.
Property
Copperleaf Golf & Country Estate is a high-income, luxury golf estate offering a diverse property mix, ranging from vacant stands to building packages and existing resale properties. Stands in the estate vary in size between 500m2 and 1,500m2. Building packages can be acquired for a minimum investment of around R2,75m, while existing upmarket designer properties in this estate can reach an asking price of R10m+. The building style is modern with clean lines and the types of homes range from comfortably sized two-bedroom houses to colossal multi-bedroom family homes. Recent times have also seen the development of new estates in this area, like Willowbrook Estate just west of Copperleaf Estate which offers a bit more affordability. The rest of the Mnandi area mainly comprises 1ha to 3ha+ agricultural small holdings and bigger farms. Property currently in the market include vacant land, a variety of freestanding family homes on plots, equestrian properties and properties with multiple homes and buildings lending themselves to rental income, guesthouses or business-from-home premises. It’s envisaged that development in this area will speed up in future.
Schools
Residents can enrol their kids at Copperleaf Estate’s creche. This nursery caters to babies from three months to preschoolers up to five years. EDITORIAL TEAM:
PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING
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There are quite a few other preschools and daycare facilities in the neighbouring suburb of Mnandi. Pinnacle College Copperleaf is conveniently located adjacent to the estate. This independent school forms part of the ADvTECH Schools Division and offers quality education, sporting, and extra-mural activities to children from pre-preparatory school (Grade 00) to secondary phase. New to the area is the ultramodern Amberfield College that opened its doors at the beginning of 2019 in the nearby Rooihuiskraal North. Amberfield offers private school tuition to learners from Grade R to Grade 12. Curro Thatchfield Independent School in Thatchfield is also easily accessible for residents of Copperleaf and Mnandi, and accepts children from Grade 1 to Grade 12, while Curro Castle Thatchfield is the preschool division. Good public primary and high schools are situated in the suburbs of Rooihuiskraal and The Reeds to the east of Mnandi.
Explore
The Ernie Els club offers golfers opportunities to play a challenging round of golf in a picturesque setting and relax in style at the Copperleaf Pub & Bar afterwards. Visitors to Copperleaf Spa & Gym can indulge in hours of soothing pampering or healthy indoor exercising. The lovely Copperleaf Café with its open views over the golf course boasts a separate kids’ play area where kids can play to their hearts’ delight. Mnandi and Copperleaf Estate are located within easy access of several modern and comprehensive shopping centres which offer an array of shopping and entertainment prospects. Forest Hill City offers movie theatres, a games arcade, an ice rink, and a thrilling wave pool. Mall@55 is the new kid on the block in the area and comprises an extensive range of shops, restaurants and fast food outlets.
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15 SEPTEMBER 2019
Neighbourhood
PROPERTY NEWS
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EAT
SHOP • Celtis Ridge Centre: community centre • Forest Hill City: comprehensive shopping and entertainment • Mall@55: local convenience • Mall@Reds: diverse and inclusive • SPAR Mnandi: daily needs shopping
• • • • •
MEDICAL FACILITIES NEARBY Intercare, Mall@55 Life Fourways Hospital MediClinic Midstream Netcare Unitas Hospital Rooihuiskraal Municipal Clinic
• Copperleaf Café: family-oriented restaurant/café at Copperleaf Golf Estate • Copperleaf Pub & Bar: great meetand-eat venue after the game at Copperleaf Golf Estate • Eagle Rock Spur, Forest Hill City: family-oriented steak ranch • Mnandi Farm Cuisine & Bar: lovely farm environment, live performances • News Café, Mall@55: vibey, contemporary cocktail bar and restaurant
AMS CONSTRUCTION
THE ELS CLUB COPPERLEAF
This is my haven where I can spend quality time with my family and enjoy my down time to the fullest after a busy week of work and travel LEWIS BRONKHORST, RESIDENT
COPPERLEAF SPA, GYM & HAIR SALON
Monthly bond repayments For a typical property in this area You’ll pay
R43,426 per month
Based on
R4,5m
For sale in Copperleaf Estate
For rent in Copperleaf Estate
Median asking price
Median asking price
R4,5m
R30,000
For a typical property (four-bedroom house)
For a typical property (four-bedroom house)
R4,3m
100%
For a house
R28,000
100%
For a house
HOUSE
over a period of 20 years at 10% prime
HOUSE
median asking price
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PROPERTY NEWS
15 SEPTEMBER 2019
Neighbourhood
The cost of selling a property It’s important to do your financial homework before you sell your property. There are costs you may know nothing about, and others which are higher than you envisaged. WORDS: ANNE SCHAUFFER
I
t’s easy to mistake the selling price achieved for your property, with what you’re going to put into your pocket. Although your asking price cannot be a reflection of what you need, rather than what it’s worth in the current marketplace, it’s also worth doing the math so there are no surprises along the way. Maria Davey, Meumann White Attorneys, unpacks the seller’s usual costs of selling, and the first place to start. “The seller pays to cancel any existing mortgage bond/s he or she may have. That bond needs to be cancelled even if there are no monies due to the bank that initially granted the seller a loan. Some people erroneously believe that a ‘nil’ balance means there is nothing to cancel.”
Certificates required
Depending on where the property is in South Africa, there are
IMAGE: SHUTTERSTOCK
various certificates which need to be obtained. You need to ask your conveyancer for what is required. “All will need electrical compliance (including electric fence) certificates and gas reticulation certificates; entomologist (beetle) is only required in KZN and the Western Cape; plumbing certificates are required in the Western Cape, but not KZN yet,” says Davey. Importantly, if there’s work required to enable these certificates to be issued, then the seller will be liable for these – so, if the entomologist finds a borer infestation (which in certain areas in KZN for example, is very likely), the seller is responsible for tenting and fumigating their home.
Agent’s fees
The seller is liable for the estate agent’s commission, which is usually
calculated as a percentage of the selling price. The percentage payable varies between agencies and is sometimes negotiable. It’s usually payable on transfer of the property. “Sometimes, there’s a fee payable to a homeowners’ association by the seller.”
And if it’s sectional title?
Davey says, “With sectional title, it’s usually agreed that all special levies passed before signature are for the seller’s account, and after signature, the purchaser’s account. Sellers of sectional title units who sell where a special levy has been imposed that’s being paid over a period of time in instalments, need to be aware that if they agree to be liable for levies imposed before signature, the full balance outstanding to the body corporate will need to be settled on transfer. If they expect the purchaser to take over the payments, they must specifically set this out in the agreement.”
15 SEPTEMBER 2019
Neighbourhood
PROPERTY NEWS
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Global construction sector to support economic growth D
espite the headwinds facing the world economy, the global construction sector entered 2019 with significant momentum, having seen growth of 5% in 2018.
And, according to the latest annual International Construction Market Survey (ICMS) by independent professional services company Turner & Townsend, prospects throughout 2019 are expected to remain buoyant.
Property buyers capitalise on Muizenberg I nvestors are increasingly spending on beach apartments in Muizenberg, and, according to Seeff agent Paddy Mow, in 10 years prices have more than doubled and have continued to rise year on year, irrespective of the economic or political climate. For investors, the equation is simple – today’s price is tomorrow’s bargain. In 2009, the entry level price for a small one-bedroom apartment of 52m2 was between R630,000 and R695,000. Currently, if fully equipped for short letting, sellers are achieving R1,5m for a decorated interior and about R1,4m if unfurnished. A slightly bigger one-bedroom unit of 61m2 with a balcony was selling for R730,000 to R799,000. Today, she says, a fully equipped unit will sell for between R1,65m and R1,7m, while two-bedroom units moved from R950,000 to R1,1m for a non-sea-facing unit, R1,75m to R1,82m for a basic apartment, and R1,95m for a fully equipped and furnished unit.
He says last month’s rate cut by the South African Reserve Bank (SARB) by 25 basis points to 6,5%, was one of the biggest influencers, bringing a much-needed reprieve for existing and new homeowners. This was met with innovative home loan offers from local banks and an
“Our survey indicates there’s considerable momentum in the global construction sector, helping to mitigate the effects of weaker, late-cycle economic growth,” says Wendy Cerutti, associate director: cost management and South Africa ICMS specialist, Turner & Townsend. “With construction projects generally spanning multiple years, once started, they’re likely to keep going. There are also many instances where large projects, such as the natural resources sector, transcend economic cycles, often continuing during a downturn and delivering into a recovering market.
Sea-facing apartments with two bedrooms are now selling for R3,1m, and if fully equipped for short letting purposes, for R3,35m to R3,45m. That said, investors are well informed, and there has been resistance to the R3,7m price mark, but sellers are still able to achieve good prices, she says.
Investors can expect short let returns of around R1,030 to R1,880 per day for a one-bedroom apartment, the upper end being the peak rate. A non-sea-facing unit with two bedrooms can command R1,730 and R2,520 during the peak season, and for a sea-facing unit, around R2,200 per day to R3,220 per day.
increase in “buy to rent” opportunities in the mid-priced segment. Local banks are targeting buyers with several attractive home loan options. On the back of a very slow period, this could seem extremely attractive to first-time buyers, but Du Toit says caution is required. “While it’s great to see increased market activity, buyers need to pay attention to the offers made and question whether it’s the best approach before fully committing.” In an effort to increase market share, local banks are becoming increasingly creative with their home loan offers, some offering to not only cover the deposit, but costs too. According to Bondspark this could cost the consumer in the long run and applicants must be very circumspect when accepting these offers.
“By 2020 there could be 24 markets described as hot or overheating compared with 18 today. This is based on the high number of locations where the survey indicates the market is getting warmer. “Increasing activity and demand, in an already hot market, present both opportunities and challenges for the construction industry and its customers. On one hand, strong growth in construction will help support economic growth, reducing the potential of a major downturn. This could cushion some of the negative impacts on the sector and help maintain favourable conditions for business in many markets. “The challenge is, as hotter markets become more overstretched, escalating construction costs and tighter labour markets will increasingly frustrate attempts to deliver projects to desired standards, cost and time frames.” In the ICMS report, in terms of construction costs, to identify the most expensive market to build, the average build cost in US dollar of six different types of construction was assessed: apartment high-rise, office block prestige, large warehouse distribution centre, general hospital, primary and secondary school, and shopping centre including mall.
There are also two popular short let services – Whale Watchers and Surfers Corner – who both offer a hands-on service. Property owners who have gone the Airbnb route have to arrange their own cleaning service, laundry, inventory check, client meet and greets, key handovers and so on, so most use the letting services on offer.
Approach upswing with caution D espite the recent interest rate cut, increased home loan applications on the back of attractive banking offers, and intensified bargain hunting opportunities, Bondspark CEO Marcel du Toit warns that consumers need to remain conservative when considering whether to buy or sell, and says there are several reasons behind the overall improvement of the local property sector this quarter.
This latest overview of the construction market across six cities in Africa, including Joburg, and another 58 cities around the world, reveals that 28% of markets are hot or overheating while a further 36% continue to warm up. Only 8% are cooling, indicating
widespread and continued growth in workload throughout the year.
This year, San Francisco at $4,482.70 per square metre (±R65,656) ousted New York ($3,958.30 or ±R57,975) from the top spot. In Africa, Joburg’s average construction costs are R13,950/m2, while average costs in other African cities are Dar es Salaam $922.30 (±R13,512); Harare $683.30 (±R10,010); Kampala $967.30 (±R14,171); Kigali $85.40 (±R1,251) and Nairobi $738.40 (±R10,817).
Combined office and dealership scheme in Menlyn Maine P roperty developer Abland is on track to complete the premium A-grade office space uniquely situated above Toyota’s next dealership in Menlyn Maine, which will be ready for trade by 1 March next year. The development, Menlyn Central, is in partnership with Barloworld Automotive, Tadvest Commercial SA, and Namib Gate Investments. The scheme will boast a proposed four-star green rating with green building council accreditation. The building area will consist of a 16,000m² dealership with 12,000m² premium A-grade office space, creating 15 floors in total, with potential for rooftop or penthouse offices. Ideally located along Corobay Avenue in Menlyn, Pretoria, the scheme is situated opposite the popular retail heart of the Menlyn Maine precinct, providing occupants of Menlyn Central with access to a range of
amenities from hotels and gyms to residential units. Moreover, recent infrastructure upgrades ensure that motorists have easy access from both the Atterbury and Garsfontein off-ramps from the N1 freeway.
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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REAL ESTATE BUSINESS OWNERS OF SOUTH AFRICA
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stneighbourhood.co.za | 15 SEPTEMBER 2019
Your Home, Our Core Business
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