Real Estate August 2015 ( Issue 24 )

REAL

ESTATE ISSUE 24 • AUGUST 2015

GRAND DESIGNS The perfect Parisian apartment | Siblings take on Sea Point | Artist in residence | Walls for all

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Live with the stars at your doorstep THE MARKET IS NOW UNDERSTANDING THE HOUGHTON AND ITS LUXURIOUS WAY OF LIFE.

ON SHOW DAILY – LIFESTYLE OPPORTUNITIES FROM R3,9 MILLION SHOW APARTMENT Unit 12118, The Houghton on the 12th 53 2nd Avenue, Houghton Office – 011 034 2201 || Alan Becker – 082 718 8100 Email – alan@thehoughton.com

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CREATIVE GROUP | DOOK

Limited apartments left – Don’t lose out

Safe. Secure.

Surrounded by nature.

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ED’S LETTER

REAL

ESTATE

PUBLISHED BY PA MEDIA, THE CREATIVE GROUP CAPE TOWN Old Castle Brewery, 6 Beach Road, Woodstock, 7925. 021 447 7130 JOHANNESBURG 9-6th Street, Parkhurst, 2193. 011 476 6293 www.realestatemagazine.co.za THE CREATIVE GROUP CEO Shaun Minnie shaun.minnie@thecreativegroup.info

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t’s not often that I find myself writing my ed’s letter on an iPad in a remote luxury tented camp in the heart of Zululand. And dawn under canvas is an awakening like no other, with the distant roar of lion, followed by the sounds of buffalo and hyena, bringing me to my senses in a nanosecond!

As you might have gathered, time spent in the bush is an essential part of my survival in the urban jungle, and I’m equally passionate about both. Every so often, I can see myself living on a wildlife estate – but then the attractions of the city on my doorstep pull me right back.

But before I go all Out of Africa on you, let me tell you about this issue, one of my favourites to date. It has an undeniably global theme, with ‘Seventh Heaven’, our first international Show House, on page 18. A designer Parisian apartment nestled in the 7th arrondissement, a stroll away from the Seine’s right bank in the gracious Boulevard Saint-Germain, it couldn’t be better located. And yes, I could live in its designer interiors too…

If you’re in the mood for a taste of the most inspirational art and design fairs overseas, our choice of three of the best, in Word On The Street on page 11, will take you to London, Paris and Bologna.

But, having chosen to escape to the bush, I’ll be making appearances instead at 100% Design South Africa at Decorex in Jozi and also Open Design in Cape Town, both during August. See you there!

Michelle Snaddon Editor, REAL ESTATE www.realestatemagazine.co.za

EDITORIAL TEAM

ADVERTISING SALES

EDITOR Michelle Snaddon

WESTERN CAPE Michèle Jones Sales and Marketing Manager

michelle.snaddon@thecreativegroup.info

ART DIRECTOR Lucia Viglietti

michele.jones@thecreativegroup.info 084 246 8105

Susan Erwee Key Account Manager

DEPUTY EDITOR Julia Freemantle CONTRIBUTING FEATURES WRITER Genevieve Putter CHIEF COPY EDITOR Yaron Blecher

susan.erwee@thecreativegroup.info 083 556 9848

GAUTENG Yvonne Botha Key Account Manager yvonne.botha@thecreativegroup.info 061 019 6175

ONLINE EDITOR Andy Möller

KWAZULU-NATAL Bradley Sparks

ACCOUNTS AND FINANCE Nicolette Lubbe 011 476 6293

bradley.sparks@thecreativegroup.info 073 666 3842

ADVERTISING BOOKINGS AND SUBMISSIONS Jackie Maritz Advertising Coordinator

PRINTING Paarl Media Cape

jackie.maritz@thecreativegroup.info 078 133 5211

Love the environment! Please recycle this copy of REAL ESTATE after you have read it.

DISCLAIMER The publisher of this magazine gives no warranties, guarantees or assurances and makes no representation regarding any goods or services advertised within this edition. © The Advertising Joint Venture. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from the publisher. The publishers are not responsible for any unsolicited material.

CONTRIBUTORS

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AUGUST 2015

KIT HEATHCOCK

GÉRARD FAIVRE

Writer, blogger, web-content creator, mother, cook and marmalade maker, Kit is an English expat, now firmly rooted on a farm outside Cape Town, where she lives with her family. She merges lifestyle and property so well that we thought she’d be the perfect person to capture the charm and beauty of Newlands, in our Suburb Focus on page 80, while also delivering the essential stats and need-to-know insider stories.

A designer with a difference, Gérard started his company with a vision to merge decor and real estate in Paris with his Art Homes concept (see his design in Show House on page 18). By selling luxury apartments that are 100 per-cent ready to live in, he fills a niche in the property market. But to him, it’s also about creating art – each space he conceptualises, and sees through to the final finishing touches, is a masterpiece in its own right, and all are totally unique.

˘ Architects, photograph by Emre Dorter Photographs Lar Leslie, Tessa Holding, supplied Cover image The Dakar Congress Centre, designed by Tabanlıoglu

We’re having a love affair with Paris this month – from the upcoming Maison & Objet shows, to an exquisite apartment on the Boulevard Saint-Germain

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COVER

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11 WORD ON THE STREET 18 SHOW HOUSE Paris’s iconic sense of sophistication is encapsulated by a luxurious and feminine apartment on the Boulevard Saint-Germain where period features live in harmony with contemporary design 25 OFF THE WALL Technology has added a whole new dimension to the art of wall treatments 32 THE ART OF LIVING Galia Gluckman’s light and bright Constantia home is a showcase for

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her eclectic midcentury furniture, as well as her vast body of intricate mixed-media works

property, as an alternative that delivers both in terms of returns and capital appreciation

42 TO THE POINT When it comes to upgrading the Atlantic Seaboard and building their property empire, the Berman brothers mean business

80 SUBURB FOCUS The village vibe and natural beauty of Newlands attract buyers across age groups

47 MARKETPLACE The property news you need to know now

85 PRACTICAL ADVICE What it takes to sell your house solo, and the importance of renovation insurance

73 BUYING TO LET The ever-shifting state of the economy has increasingly caused investors to opt for the relatively stable option of

88 DREAM HOME This oceanside hacienda is sexy Miami in a nutshell

Photographs K Rose, supplied

CONTENTS AUGUST 2015

AUGUST 2015 www.realestatemagazine.co.za

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*

LEBRATING CE *

WWW.CHASEVERITT.CO.ZA

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When something’s worth doing, it’s worth doing right.

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Code: KLCH-7895/25 I Chandelier with triangle shaped crystals Fitting: H 200 cm (excl. chain) Ă˜ 46 cm I 25 x E27 (230v 60W ) I IP 20

Triangle Crystals Cape Town: 7 Kunene Circle, Omuramba Business Park, Milnerton, 021 552 4370 Johannesburg: Units 8 & 9, The Arena, Capital Hill Business Park, Halfway House, Midrand, 011 312 1247 info@klight.co.za I www.klight.co.za I Facebook.com/klightimport

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WORD ON THE STREET Places to be and things to see in SA’s hippest ’hoods GRACIOUS HOST

Text Genevieve Putter, Michelle Snaddon, Julia Freemantle Photographs Karl Rogers, Anne-Emmanuelle Thion, supplied

One of Cape Town’s most prestigious, and private, hotels, Ellerman House in Bantry Bay has been refurbished in city-chic style – a timeless mix of patterns and pieces – that marries seamlessly with the elegant Edwardian architecture of the mansion.

Inspired by the ocean views and indigenous garden, the palette is understated but smart. Bathrooms have also been modified to match the new, more contemporary look. ellerman.co.za

INTO THE WILD

Full English Few do heritage hotels better than the English. The iconic Lanesborough is now under the management of the Oetker Collection, and its recent extensive renovations are sure to see it regain its stature as one of the finest residences in London. The Regency landmark has 93 rooms, including 43 suites, and all public spaces celebrate its heritage architecture in style, while modern conveniences make your stay ultra comfortable. lanesborough.com

If the helicopter ride up to Haga Haga, over dolphins and spring-low river mouths punctuated by rocky shores, doesn’t make you feel like a celeb, then perhaps landing among curious giraffe at the five-star Miarestate might. Expect gourmet food and a great spa for starters at this wildlife estate, but then get ready to saddle up for a ride on the grassy slopes leading down to the sea on this unspoilt stretch of coast. Picnic later at Pullens Bay or put your mountain bike through its paces on a new 35km trail… All in all, a perfect winter escape, and an hour’s drive from East London. miarestate.co.za

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DESIGN AND ART FAIRS

It’s that time of year again, when international jetsetting design and art aficionados have their itineraries full. Here’s what’s on.

LONDON DESIGN FESTIVAL | 19-27 SEPTEMBER For the last 12 years, London Design Week has been an important event on the European design calendar, and this year is no different, with an exciting programme of over 350 events and installations planned. A pivotal part of the festival is its showcase of sitespecific landmark projects around London, demonstrating the full creative capacity of the city’s designers as well as the ability for design to stretch the limits of the imagination and reach a large audience. One such project is a collaboration between Hong Kong-based property developer Knight Dragon and conceptual artist Alex Chinneck in the Greenwich Peninsula called ‘A Bullet From A Shooting Star’, comprised of over 1 000 metres of steel and weighing 15 tons. Another, an installation by Mexican architect Frida Escobedo entitled ‘You Know You Cannot See Yourself So Well As By Reflection’, is a pavilion inspired by Tenochtitlán, an ancient Aztec city built on a lake. londondesignfestival.com

HENNESSEY 250 TOUR AND EXHIBITION | 20–25 AUGUST Premier cognac brand Hennessey celebrates its 250th anniversary this year with a global travelling art exhibition, featuring specially commissioned works that draw on the brand’s archival materials, portraits and films. The internationally selected artists, whose work has been curated by Hervé Mikaeloff, span the realms of art, multimedia, design, photography and film. The tour will still travel to Guangzhou, Moscow, New York and Johannesburg, where Circa Gallery will be the venue for the South African leg from 20 to 25 August. Be sure to catch the work of one of our own local stars, Dineo Bopape, and while you’re there, visit the Time Barrel installation, where you can send a digital text to the future. sendingamessagetothefuture.com, hennessey.com

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WORD ON THE STREET

100% DESIGN SOUTH AFRICA | 6–10 AUGUST For its second showcase at the Gallagher Convention Centre, 100% Design South Africa promises to present an even more inspiring range of product and talent than it did at its debut. In addition to headline sponsor, Dauphin Human Design Group, unveiling its new locally manufactured premier range of office furniture called Bosse, visitors can expect a line-up featuring top global design brands alongside local stars. Some highlights include 100% Colour in association with Plascon, which showcases items where colour is integral to their makeup; 100 Beautiful Things, an expertly curated display of 100 locally made objects; and 100% Talent, showcasing the work of emerging South African designers. 100percentdesign.co.za

MAISON & OBJET | 4-8 SEPTEMBER To get insight into interior and furniture design trends and discourses, and where they’re headed, purveyors worldwide flock to Paris for the biannual Maison & Objet fair, the second instalment of which is happening in early September this year.

This highlight on the luxury design calendar has grown over the last 20 years to the point that this year saw the first Maison & Objet Asia and Maison & Objet Americas. The Paris shows, which take place in eight halls at the Paris Nord Villepinte, are the jewels in the crown, however. This September’s showcase sees a refreshed model to present a clearer, more consistent offering which organisers believe will be better suited to ongoing market changes. maison-objet.com

International IF YOU LOVE CERAMICS AS MUCH AS WE DO, AND YOU HAPPEN TO BE IN EUROPE BETWEEN 28 SEPTEMBER AND 2 OCTOBER, THEN BE SURE TO HEAD TO BOLOGNA, ITALY FOR THE CERSAIE INTERNATIONAL EXHIBITION OF CERAMIC TILE AND BATHROOM FURNISHINGS. CERSAIE.IT

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Local NOW IN ITS THIRD YEAR, OPEN DESIGN CAPE TOWN, FROM 12 TO 23 AUGUST, CELEBRATES THE VALUE OF DESIGN AS A KEY DRIVER OF ECONOMIC, ENVIRONMENTAL AND SOCIAL DEVELOPMENT. THE MAIN VENUES THIS YEAR ARE THE CAPE TOWN CITY HALL AND THE WATERSHED AT THE V&A WATERFRONT. OPENDESIGNCT.COM

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WORD ON THE STREET

Street scene Never before has street apparel been as high end and bespoke as it is now, with many a designer turning to street fashion for inspiration, and celebrities collaborating with the likes of Adidas Originals and Puma to design limited ranges of sneakers, sweatpants and shirts. New to Braamfontein’s Juta Street is the sophisticated yet edgy Anatomy, a store dedicated to all things streetwear and designed by Jozi’s coolest creative consultancy, The Bread. facebook.com/ anatomystore

Feet with beat We love it when a global streetwear brand teams up with local talent to produce something fresh.

Having collaborated on two previous ranges, the third edition of Superga X sneakers, designed by legendary house DJ Euphonik, uses a combination of genuine and patent leather. These sneakers are as slick as they get. superga.co.za

CREATIVE STABLE Local furniture design collective Dark Horse was founded on the principle of making good design accessible to the local market.

Their recently opened new showroom in Salt River, Cape Town is a collection of some of its sought-after pieces such as the Boss armchair made from genuine leather. dark-horse.co.za

HOME RUN Aussie retailer Cotton On has just launched its first (and much-anticipated) homeware range, designed in collaboration with Mark Tuckey, with a simple, laidback aesthetic, and encompassing the categories of Sleep, Bathe, Eat, Drink, Relax and Store. The new collection from one of our favourite retailers is bound to up the ante for the offerings from local homeware brands. cottonon.com

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Purism. Sensuality. Intelligence.

To see what else bulthaup kitchens have to offer, please contact your local retail partner www.livingkitchens.bulthaup.com

bulthaup cape town Living Kitchens (Pty) Ltd 47 Somerset Road, Green Point Cape Town 8005 Tel. 021 419 5445 info@bulthaup.co.za

bulthaup johannesburg Living Kitchens (Pty) Ltd 9 Kramer Road, Kramerville Johannesburg 2148 Tel. 011 262 5257 info@bulthaup.co.za

In Partnership with

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WORD ON THE STREET

GO BIG OR GO HOME

Winter wonders Every detail of Jacques Erasmus’s Hemelhuijs restaurant in Cape Town’s CBD has been thoroughly considered, from his display of homeware items to the presentation of his delectable food. And his new winter menu, themed ‘humble beginnings’, has been given the same attention. An ode to wholesome homecooked comfort food, it centres on a myriad of tastes and flavours.

A couple of our favourites are the French onion soup with toasted brioche for starters, and the farmstyle beef-andcabbage frikadelle served with truffled bean-and-potato mash. And for a happy ending there’s the hot vanilla dulce du leche drink with thymesteamed milk. hemelhuijs.co.za

From the owners of Wolves Cafe in Jozi comes cooler-than-thou diner Mr Big Stuff in Braamfontein. Aside from the simple and delicious comfort food – think mac-andcheese, fried chicken, burgers and waffles – it’s the interior fit-out, with its minimally quirky aesthetic inspired by the Tokyo design scene, that has us going back for more.

All furnishings have been custom made

by Douglas Bouwer, with branding by the talented Daniel Tin Chong. We could sit, eat and people-watch here all day. mrbigstuff.co.za

NOBODY DOES IT LIKE NOBU

JOIN THE CLUB Cape Town Club, established in 1858, has recently moved back to its original residence at 18 Queen Victoria Street, a beautiful labyrinthine building with chandeliers and winding polishedwood banisters, purpose designed as a clubhouse by Sir Herbert Baker in 1898. In classic members’ club style, its facilities are accessible to members only. However, it breaks the mould by holding occasional non-member evenings. Also open to the public is its new coffee kiosk.

The Porter’s Lodge – named after the original porter at the address, who reputedly made excellent coffee – offers the perfect grab-and-go caffeine fix for professionals in the area in the form of Tribe coffee and pastries. capetownclub.org.za

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If Nobu Restaurant at the One & Only Cape Town has anything to do with it, couching in front of the telly with takeaways is not an option. Its new winter menus – Nobu Lite, Omakase and Deluxe Bento Box (available every evening until 30 September) – are more than enough reason to brave the cold. They also have a range of intriguing, Asian-inspired cocktails to whet the appetite – like the Matsuhisa martini with Hokusetsy sake and Grey Goose vodka, shaken with ginger, or the Yamamomo Royal of Takara plum wine topped with sparkling wine. capetown.oneandonlyresorts.com

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FROM LEFT The curves of a Cappellini ‘Bottle’ bedside table in one of the bedrooms is complemented by feminine ‘Cinetica’ wallpaper from Wall & Decò; Boulevard Saint-Germain’s grand proportions and gracious buildings make it a very desirable address; low-slung Antonio Cittero for Flexform sofas surround a marble Jaime Hayon ‘Tamboor’ table. The glossy finish of the table is echoed by assorted Murano glass vessels

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SHOW HOUSE

SEVENTH HEAVEN PLUSH FABRICS, PASTEL SHADES AND ORGANIC SHAPES GIVE THIS APARTMENT IN ONE OF PARIS’S MOST PRESTIGIOUS AREAS A CERTAIN JE NE SAIS QUOIS Text Julia Freemantle Photographs Supplied and Nicci Collier

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B

oulevard Saint-Germain’s wide tree-lined streets and grand decorative buildings are a relic of the reign of Napoleon III. Inspired by the architecture of the time in England, the emperor tasked Baron Haussmann to transform the face of Paris to reflect the same sense of grandeur, with the result that the avenue’s buildings feature beautiful balconies and cut-stone facades.

Somewhere along this gracious avenue, in the 7th arrondissement and within walking distance of the Seine’s right bank, you’ll find an apartment that reflects every bit of that aspired-to prestige.

Designer Gérard Faivre, instantly captivated by the space, was also sensitive to the importance of celebrating its heritage and retained many of the original features in his ultra-luxe final design, from the restored herringbone parquet and marble fireplaces to mouldings, door handles and stained-glass windows.

While respecting these architectural elements, Gérard was mindful of rethinking the spaces in line with a more contemporary concept of comfort. This entailed reorganising spaces and upping the luxe factor for the bedrooms (adding ensuite bathrooms and designated dressing spaces), and creating a state-of-the-art kitchen, as well as introducing all the modcons that are de rigueur in 21st-century daily life, like home automation and air conditioning.

In addition, to soften what he felt was a slight severity in the architecture of the Haussmannian

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style, but at the same time honouring its stateliness, he introduced more organic shapes through high-end fittings and furniture.

These curves now form a consistent theme throughout the apartment, rounding out its formality. From the curved padded headboards in a guest room to iridescent hanging panels that stand proud of the original moulding in the entrance hall, the effect is calm and feminine, and extremely polished.

This sense of harmony illustrates just how clever Gérard has been in highlighting the apartment’s existing beauty, while updating it. As a specialist in creating luxury apartments, often in old buildings, he has mastered the balance of taking inspiration from the soul of a space as well as imprinting his own creativity on it, subtly paying homage while creating something entirely unique and new. The 11 large windows, for example, let in loads of light, which Gérard has played up with glossy surfaces and sheer and lustrous fabrics – velvet, silk.

You can also see subtle nods to the decorative codes of the era in which it was built in the tones of gold and black that Gérard has peppered throughout – these were symbols of opposition used by the bourgeoisie. These also serve to ground the space, which on the whole is light, airy and ethereal.

Then, at the other end of the scale, he’s custom-designed contemporary features and fittings in line with his specific vision. From large pieces like the curved freestanding headboards

and bookshelves down to decorative objets and even rugs, each decor element had to speak specifically to the apartment’s sensibility.

The same applied when it came to choosing pieces by other designers, which Gérard selected to correspond with the themes of luxury and femininity he’d set in place. It’s for this reason that Spanish designer Jaime Hayon’s pieces are so prevalent throughout the apartment. In addition to his signature curvaceous aesthetic, which suited the concept for the space perfectly, his ability to blur the boundaries between decor and design resonated with Gérard, whose ‘Art Homes’ concept is about creating spaces that are complete works of art (more on this overleaf). As such, he views the spaces as blank canvases as well as a source of inspiration, where all the elements must work together to form a harmonious final picture. And, because he creates homes that are sold ready to move into, each aspect must be resolved to perfection.

Not unlike an artist, Gérard has expertly wielded colour in accordance with the design philosophy of the spaces, and a muted but luxurious palette echoes the softness of the forms and fabrics. Pale blues, greys, pinks and oyster tones, with crisp white, are fresh and modern, yet understated enough not to overwhelm the subtle beauty of the restored herringbone floors and original wall mouldings.

This, in a nutshell, is Gérard’s genius – the restraint it takes to know just how far to go.

Gérard Faivre Paris www.gerardfaivreparis.com

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SHOW HOUSE

CLOCKWISE FROM ABOVE Jaime Hayon ‘Beetley’ chairs surround the statement Corian dining table.

All the lights are variations on the round theme; an abstract painting by artist Caroline Dantheny on linen is one of the occasional accents of black that ground the spaces; looking from the living room through to the library lounge; the entrance hall’s custom-designed panels and globe pendants offer a first glimpse of the themes the designer has carried throughout OPPOSITE Although the most minimalist room in the apartment, the kitchen still features a moment of romance in the form of colourful pendant lights

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THE GÉRARD FAIVRE FORMULA A promoter of both pleasure and practicality, designer Gérard Faivre’s niche approach to design has secured him a reputation as a designer of desirable luxury homes.

The ‘Art Home’ concept entails creating and selling apartments that are works of art – finished and ready to live in. The idea is that by choosing a Faivre design, the process is simplified and shortened. ‘Going through the whole process of looking for a property, acquiring it, refurbishing and decorating it, people often have to wait at least two years before fully enjoying the new property. We aim to reduce this delay to a maximum of two months,’ says Faivre.

But convenience isn’t the only reason for going this route. Art Homes are also high design by definition, and by selecting only prestigious addresses and the finest design elements, Gérard has made his creations one of a kind – uniqueness being one of the three core principles of the concept. Gérard takes inspiration from each individual site when formulating his designs, and often decorates them with custom-designed furniture or one-off antiques, so no two properties are ever the same.

The second principle is luxury – Gérard aims to push the standards of the homes he designs to the level of the best Parisian five-star hotels. Luxury to him means practicality as well as aesthetic value, so the electronic and homeautomation aspects are also always carefully considered.

And, as is the case with hotels, the homes are 100 per cent ready to live in – the third key principle of this concept – and from art to objets, you can move in wihout hassle.

This home is for sale (price on application). To enquire about it, and a range of other properties available, visit luxuryrealestate-paris.com

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SHOW HOUSE

The bathroom’s freestanding Jaime Hayon for Bisazza ‘Organico’ console gives it an old-world elegance OPPOSITE CLOCKWISE FROM TOP Gérard Faivre custom-designed the bookshelf and headboard in the bedroom to add curves to the space; a Jaime Hayon for Bisazza cabinet and ‘Letizia’ armchair by Gastone Rinaldi for Poltrona Frau demonstrate the beautiful mix of textures Gérard has used in the apartment; the marble fireplace is original

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WALLS

OFF THE WALL THANKS TO TECHNOLOGY, WALL TREATMENTS TODAY ARE GRAND, BOLD AND AMBITIOUS, LIMITED ONLY BY THE IMAGINATION Words Genevieve Putter Photographs Supplied

01 INSIDE OUT The Out System of wall coverings by Wall & Decò (wallanddeco.com) for external walls has us all kinds of excited, most of all because it offers a vast array of choices of wallpaper – traditionally the domain of interiors – for use on exterior walls. How? Thanks to technological advancements, the coverings have been developed to be applied atop cement, thermal coats and external paint surfaces, and to withstand damp. They have a 10-year warranty from installation. Get them through Mavromac (mavromac.co.za).

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WALLS

UNEXPECTED TEXTURE 2 When it comes to all-white interiors, layering textures is key to prevent the space from feeling sterile. Here, the design team of Hueso Restaurant in Mexico created an unorthodox space themed around bones (hueso in Spanish) that reflects the carnivorous menu.

The design studio Cadena + Asociados (cadena-asociados.com) used over 10 000 collected animal bones mounted on wood and combined with other white objects and cooking utensils to create the dramatic wall features 3 With metallic continuing to seduce even those with the most beige of tastes, this wallpaper by Clarke & Clarke (part of its Reflections range) is an ideal choice for creating a wow factor that’s also timeless. The hexagonal shapes create an iridescence that has a velvety effect, depending on how the light catches it. It’s available through Home Fabrics (hf.co.za)

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Texture may be more subtle than colour and pattern in wall coverings but its impact can be every bit as dramatic

SHADES OF GREY

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Some of the most basic building materials come in grey – cement, stone, concrete.

Designers across many disciplines are elevating these once unglamorous materials to a desirable status. It’s their raw and rough quality that’s their appeal, and when it comes to wall applications, grey textured walls are here to stay – whether real (screed, cement bricks or cladding), or imitations (such as wallpaper). 4 This Next Symposium wallpaper, designed by Christian Benini for Wall & Decò’s Wet System range of wallpapers for high-moisture areas, available through Mavromac, demonstrates how realistic the texture of a wallpaper can be.

(See more of this beautiful apartment in our Show House feature on page 18) 5 The Docklands range of tiles look like they’ve been cut from stone and come in various tones. They’re available through Italcotto (italcotto.co.za).

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Q&A Graphic artist and illustrator Atang Tshikare has put his creative design talents to a number of surfaces, from sneakers and murals to skateboards and wallpapers. We chat to him about how the growing trend of bespoke design and art translates onto wallpaper. zabalazaa.com Q: How different is your design process when designing wallpaper as opposed to other mediums?

A: Wallpapers are more technical because you have to consider the size of the artwork and repetition. The colour range determines the flexibility of the type of rooms they can be placed in. You also have to be aware that wallpaper needs to make sense in combination with everything else in a room.

Q: If there were one artist or designer whose work you’d love to see translated into wallpaper, who would it be?

A: I think Tracy Lee Lynch is boundlessly creative and her work speaks for her as a stylist and curator. Looking at her office and her projects, I believe she’d make some pretty interesting wallpapers. For creative people who flow naturally between diverse projects, it’s usually easy to create a range of designs that can fit into many spaces.

I think we’re similar because we create varied products and experiences from one inspiration.

FOR ART’S SAKE More and more designers, artists and photographers are finding new expression through wallpaper design, and as a result, new audiences. The spinoff for buyers?

The work of these visual creatives is becoming more accessible and affordable.

6 Graphic illustrations by Atang Tshikare from The Constructs range of wallpapers available through Robin Sprong Wallpapers (robinsprong.com) 7 Andrew Martin’s Museum Wallpaper gives the illusion of being in the Louvre. It’s available through Halogen International (halogen.co.za) 8 Robin Sprong Wallpapers has created a series of Walter Battiss bespoke printed wallpapers called Fook Book, from the artist’s body of work inspired by his travels to some of the world’s most exotic locations – Seychelles, Samoa, Zanzibar and Hawaii, among others – which collectively informed his eccentric concept of the Legend of Fook Island (robinsprong.com)

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WALLS

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‘Wallpaper design is totally different from other forms of art because it changes the look and feel of any room’ - Atang Tshikare

09 10 TOUCHY-FEELY As with other interior surfaces, the texture of walls and their 3D and tactile effects are becoming more important in the curation of today’s interior spaces. 9 Aptly called Planet, this metallic wallcovering – part of Zimmer + Rohde’s Treasure collection – mimics molten lava. It’s available locally through Home Fabrics (hf.co.za) 10 London design studio Custhom (custhom.co.uk) is at the forefront of digital embroidery for wallcoverings and its Aves Embroidered Wallpaper is a wonderful example of what can be created when tradition and technology merge.

This menagerie of creatures is brought to life with geometric angling of the cotton thread on FSC-certified paper. You can buy it online and they deliver worldwide 11 Swedish design consultancy Form Us With Love (formuswithlove.se), in collaboration with building-materials company Baux (baux.se), has come up with an innovative environmentally friendly soundproofing and insulating wall cladding. Highly functional, safe and aesthetically pleasing, these acoustic panels for walls are made from a mixture of wood-wool, cement and water

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THE ART OF LIVING Artist Galia Gluckman’s spacious home, where both creativity and calm reign, serves as an ideal showcase for her artworks, ensembles and collectables Text Genevieve Putter Photographs Karl Rogers

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LIFESTYLE

OPPOSITE Galia’s home features many of her acclaimed artworks, like this one entitled ‘Clifton’ THIS PAGE The elevated playroom isn’t just for the kids – it’s also where Galia and Gary like to steal some quiet time in the mornings

‘I

don’t like to live with clutter, although I find it interesting in other people’s houses,’ says Galia Gluckman. It’s a reasonable comment from a woman who is a wife, the mother of two children and ‘mother’ to two dogs, and who works from home and runs her household like an MD. But Galia isn’t your average housewife. She’s also an acclaimed mixed-media artist whose work is as untamed as it is controlled and intricate, an intriguing paradox that appeals to collectors, corporate and private, around the world.

Her observation about other people’s clutter might seem flippant but it provides insight into her work, which is informed by the everyday tensions between chaos and order. Her largescale textured artworks are mesmerising – you can spend time getting lost in her detailed use of vibrant colour, crafted shapes, and textures achieved through tiny strips of multi-pigmented cotton paper.

‘I’ve always been drawn to collage to create abstract landscapes and cityscapes,’ she says. ‘This culminated in my most recent solo exhibition, “Scapes”, at Everard Read Gallery in Cape Town. It was an exploration of the fine line between order and disorder in our modern lives.’

How she and her husband, Gary, came to live in their beautifully curated family home provides further insight. ‘We moved from Long Island, New York, to Cape Town in 2010 to be closer to family.

There was a definite adjustment period of letting go of the fast-paced life over there, and while I still miss the expansive arts and culture scene in New York and living in an incubator of innovation, what I received in return was coming home, not being treated as a foreigner with an accent, the nature walks that are practically outside our front door, and having more elbow room to move,’ she says.

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Located in a cul-de-sac in Constantia, the Gluckmans’ home offers plenty of elbow room, while the views onto the abundant wildness of the Constantia forests, interspersed with neat, patterned vineyards, befit Galia’s themes of order versus chaos. Inside, the home shows angular open-plan spaces that hold the couple’s neatly and eclectically curated collectables, all framed by her impressive body of work (there’s a piece on almost every wall).

Although it had good bones, the home still underwent a necessary renovation before every centimetre of the 350m2 interior could house the Gluckmans, their artwork and the selected pieces they’ve consciously gathered over the years. The refurb included the removal of interior walls to reflect the open surrounds of Constantia, the installation of wide-planked oak floors and the inclusion of a guest bathroom.

Galia admits that her curation process is ongoing (a notion to which anyone with an appreciation for aesthetics can relate), but the common thread is a sophisticated, modernist look that accommodates the bold artworks with ease. ‘I love restored mid-century furniture and try to save pieces by refurbishing them. My general rule of thumb is “less is more”, and I stay clear of cheap homeware thrills – they become expensive and hard to get rid of,’ she says.

Her favourite space in the home is her children Ella and Levi’s playroom, an expansive, elevated area where pre-teen chaos abounds on one side, while an effortless retro lounge area flanked by a beautifully composed tableau sits in contrast on the other. Here, a chest of drawers, a brightyellow artwork and an organically shaped vessel that was designed as part of a collaborative series with ceramic artist Martine Jackson provide a sophisticated foil to the cheerful children’s paraphernalia.

The large windows of the playroom let in beautiful natural light, offset by the panoramic mountain views. ‘Gary and I love to sneak in here and have our first cup of coffee in the morning before the kids are awake. It’s become a bit of a ritual,’ Galia says.

It’s the perfect spot from which to appreciate nature’s ever-present paradox. ‘There’s tranquillity in Constantia’s natural beauty, specifically the unruly mountains and endless fynbos, as well as the vineyards,’ comments Galia.

It’s a fitting metaphor for her home, where the perfect balance between chaos and order reveals exceptional beauty. galiagluckman.com everard-read-capetown.co.za martinejackson.com

THIS PAGE Part of Galia’s ‘Migration’ series of artworks hang alongside her late grandmother’s Danish teak dining-room table, with Verner Panton copper pendants adding a glamorous touch OPPOSITE, CLOCKWISE FROM TOP LEFT The Gluckmans’ bedroom; the industrial kitchen counter aptly accented by an artwork entitled ‘City Scape’; Ella and Levi with Verdell, one of the family’s two dogs; the red accent of this node is informed by the artwork ‘Uptown’

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LIFESTYLE

THIS PAGE Galia in her home studio OPPOSITE, CLOCKWISE FROM TOP LEFT One of the vases from Galia and Martine Jackson’s collaborative series entitled ‘Orbit’; walking the Alphen Trail near their home is a favourite Gluckman family outing; as with many of the rooms in the home, the main lounge has been curated to pick up colours and textures in the artwork, in this case shades of blue; the patio features graphic red chairs from Chair Crazy in Woodstock

Galia’s large-scale textured artworks are mesmerising – you can spend. time getting lost in her detailed use of vibrant colour, crafted shapes, and. textures achieved through tiny strips of multi-pigmented cotton paper.

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LIFESTYLE

CONSTANTIA CALLING Galia’s favourite hangouts in Constantia include: La Belle for brunch and the Rose Bar for a glass of wine - find both at The Alphen Boutique Hotel (alphen.co.za); Acrobranch (acrobranch. co.za) on Constantia Nek with the kids; Art in the Forest (artintheforest.com) for its beautiful handmade ceramics; and The Greenhouse at The Cellars-Hohenort (collectionmcgrath.com) for ‘occasion’ dinners.

THIS PAGE The serving cabinet in the main lounge was a junkyard find that Gary bought in New York for $25 when he was a student many years ago. Above it is Galia’s ‘January’ and pots by Martine Jackson from the ‘Crying’ series OPPOSITE, CLOCKWISE FROM TOP LEFT Handpainted European miniature oil portraits that Galia inherited from her grandmother adorn a wall near the dining area; various tableaus are beautifully put together throughout the home; even the kids’ bedrooms have artworks by Galia in them (this one is Ella’s); the 1950s bench is a Terence Harold Robsjohn-Gibbings original

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FAST FORWARD COMBINING THE BEST OF THREE CONCEPT CARS, THE INFINITI Q50 IS THE EMBODIMENT OF A DREAM MADE INTO A REALITY Photographs Supplied

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ADVERTORIAL

T

The result of the merger of three iconic concept cars (the Emerg-e, the Essence and the Etherea), the Infiniti Q50 is a production-car dream made real, created by drawing on some of the finest features of these three designs.

But design isn’t the only area where Infiniti has pushed the limits. Its tech specs are equally impressive. For starters, steering shifts from analogue to digital with the Q50’s Direct Adaptive Steering (DAS), a product of steerby-wire technology. Light and smooth for manoeuvring, firmer and more agile for sporty driving and challenging roads, DAS makes this one of the most dynamic sports sedans on the road.

Steering is adjusted on a touchscreen as part of the Infiniti Drive Mode Selector, with up to four pre-set options plus a personal setting that matches individual driving style with type of road. Mechanical losses that can dull the responses in conventional systems and vibration at the steering wheel are both eliminated, with a level of feedback from the road that’s central to every Infiniti’s performance feel.

DAS comes with Infiniti’s latest driving technology, Active Lane Control. This unique system uses the steering to keep the car between lane markings, ‘magnetising’ the vehicle to within its lane and reducing the need for continuous steering input owing to crosswinds or minor camber changes in the road surface.

Other safety features you’ll find in the Q50 (varies according to model) are Intelligent Cruise Control (ICC), the Blind Spot Warning (BSW) and Blind Spot Intervention™ systems, Forward Emergency Braking, Lane Departure Warning and Lane Departure Prevention.

Technology doesn’t only make the car safe, however; it also makes it super user-friendly in the form of amped-up personalisation capabilities.

One of the most exciting features of the Q50 is its Infiniti InTouch™ technology which allows the driver – and guests – to customise all aspects of the car to make for a more pleasurable travelling experience.

The Q50’s outstanding capabilities to connect you with your car and the world around you gives you control over a range of functions, from keeping track of your vehicle when you’re not in the driver’s seat, to locating the nearest cafe. The advanced intelligent i-Key (two are supplied with every Q50) stores personal settings.

The Infiniti Q50 is available in three engine derivatives – the 2.0l Turbo Petrol, 3.5V6 Hybrid and 2.2 Diesel. Infiniti.co.za

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THE CHOICE IS YOURS n Available in three engine derivatives – Q50 2.0l Turbo Petrol, Q50 2.2 Diesel and the Q50S 3.5 V6 Hybrid – Infiniti’s Q50 offers as much variety as it does performance. n The Q50 3.5 V6 Hybrid, available either in a RWD or AWD option uses Infiniti’s Direct Response Technology to ensure there is no compromise on performance and efficiency. Direct Response technology – a powerful electric helping-hand applying extra torque to the powertrain exactly when it is needed – guarantees the Q50 3.5 V6 Hybrid a place in the top echelons of high performance sports sedans.

n Finishing the look of the Q50 are eight exterior paint finishes to choose from – Obsidian Black, Moonlight White, Liquid Platinum, Graphite Shadow, Hagane Blue, Chestnut Bronze, Venetian Ruby and Malbec Black. All finishes are Scratch Shield selfhealing paint. n A choice of Premium or Sports trims are aviable to suit your requirements. n Every Q50 model comes with a generous list of standard equipment, but in addition there are option packs designed to give the buyer as much flexibility and choice as possible.

2015/07/22 11:56 AM

‘We want to be a step ahead of the industry. After all, our slogan is “on trend on time” ’ – Saul Berman

THIS PAGE, CLOCKWISE FROM TOP LEFT Many of the fittings and furnishings at BBG were custom-made, such as this coffee table by Dark Horse; the curved bar area with its extraordinary mountain and ocean views; the entrance area, with a Dylan Lewis sculpture taking pride of place; an exposed rebar feature, which expresses the construction feel of the offices OPPOSITE The seventh-floor offices are open plan

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WORKING IT

TO THE POINT Developers Paul and Saul Berman have transformed the face of Sea Point and surrounds.

And the slick new offices of the Berman Brothers Group are part of the change Text Genevieve Putter Photographs Micky Hoyle

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ea Point is no longer just a holiday destination for the well-heeled or an idyllic place to retire. It’s having a prolonged renaissance, with what seems like a continuous rise of new commercial and residential developments.

Brothers Paul and Saul Berman of the Berman Brothers Group (BBG) have been pivotal in this change and believe wholeheartedly in the potential of the area and its cosmopolitan vibe. Their new offices in the suburb’s biggest commercial development, The Point, which they developed with HCI, are testament to this – and the fact that they plan to be here for a very long time.

HOW DID BBG COME ABOUT AND WHAT IS YOUR BUSINESS? Saul: BBG was founded in 1994 when we decided to create a company that would exceed all expectations in construction and property development. Today we have in excess of 150 employees, in our new 1 000m2 offices.

Paul: We have very different qualities that make us uniquely complementary – Saul comes from a construction background, and I have a legal one. Our first project together was when we were awarded the tender for Cape Town International Airport, and we haven’t looked back. We offer our clients a diverse range of services including

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‘We invested in the interiors, which include all the bells and whistles and sophisticated technology that identify with the BBG brand’ – Paul Berman

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WORKING IT

construction, project management, and property investment, management and development.

Recently we launched BBG Properties, a real estate agency with the aim of providing excellent service in residential transactions.

WHY THE INVESTMENT IN NEW PREMISES? Paul: We’re never going to retire, and we wanted our new cutting-edge offices to be our last move, so we invested in the interiors, which include all the bells and whistles and sophisticated technology that identify with the BBG brand, to take us through the next few decades. The employees of BBG, we believe, are more motivated and inspired to be working in a sophisticated space.

INHOUSE BRAND ARCHITECTS OVERSAW THE INTERIOR AND SPATIAL DESIGN. WHAT WAS THEIR BRIEF? Saul: We spend most of our time here and so wanted to create an attractive place to work.

We took 1 000m2, which is more than we needed, and we designed it luxuriously to accommodate our needs as the business has grown.

Paul: Saul and I have different tastes in terms of design, so we thought it appropriate to completely outsource the architectural configuration and interior design to Inhouse Brand Architects and the execution to Construct Plus, both of which took the best of our respective ideas and interpreted them into what we have now.

The overriding theme is one of construction – specifically, the raw materials, like the steel rebar we used for the balustrades, and the coffee tables made from spades and wheelbarrows.

WHAT ARE YOUR FAVOURITE FEATURES OF THE SPACE? Saul: I love the height – and the views, of course.

Paul: We invested heavily in technology, furniture, sculptures and artwork. We complemented the space with sophisticated art and sculptures from the likes of Dylan Lewis, Paul du Toit and Guy du Toit, to name a few.

HOW DOES THE SPACE REFLECT THE BUSINESS? Saul: The space reflects the standard and quality of what we provide in every aspect of the business through its sense of modern elegance, sophistication, and in the superior finishes we’ve used. The whole development embodies a higher quality, which is one of the pillars we strive to encompass.

WHY IS SEA POINT SO HAPPENING? Paul: There used to be a disjoint between the multimillion-rand houses in Fresnaye and the decaying properties on the high street of Sea Point. We believed that Main and Regent roads needed significant investment to bring them in line with the residential values of the Atlantic Seaboard.

So, through the City Improvement District (an NPO, which aside from cleaning up the area, is involved in a range of initiatives to help Sea Point operate at its full potential – www.seapointcid.co.za), we’ve provided a platform to entice developers to reinvest in the suburb. The rejuvenation of Sea Point is apparent in the number of new developers who have entered the market on the Atlantic Seaboard and the high demand for residential, retail and commercial space. Bermanbros.co.za

THIS PAGE FROM TOP The sophisticated client lounge and waiting area; custommade porthole windows reflect the maritime position of the offices on the Atlantic Seaboard OPPOSITE Saul Berman’s office with an artwork by Robert Slingsby of Barnard Gallery

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Property news, reports, and dream homes for sale

MARKETPLACE Text Genevieve Putter, Michelle Snaddon Photographs Michelle Snaddon, Emre Dorter and supplied

ON THE GRAIN TRAIN With all the hype around the reconstruction of the Grain Silo Complex at the V&A Waterfront in Cape Town, housing the new Zeitz MOCAA Museum, it came as no surprise that with such a high-end development would come a five-star hotel. The Silo Hotel, to be built within the original grain-elevator portion of the new complex, over six floors and above Zeitz MOCAA, is the newest member of the Royal Portfolio, joining sister properties Royal Malewane, Birkenhead House and La Residence.

With 28 suites, all rooms and interiors will be overseen

by Liz Biden, owner of the Royal Portfolio and acclaimed interior designer. The complex itself is to be created by architect Thomas Heatherwick. Both the complex and hotel are set to open in late 2016. theroyalportfolio.com

ROOTS REVISITED The design of the new Dakar Congress Centre, which opened earlier this year, was inspired by the iconic baobab trees endemic to Senegal. The baobab is a significant cultural marker, as traditionally policy decisions were made under these trees.

The new West African conference centre has already earned an award in the business category of The Plan awards programme at international architecture forum Perspective Europe 2015 for ˘ Architects (left). The construction area Turkish firm Tabanlıoglu is 16 270m2, with the majestic baobab trees – which can live for up to a thousand years – visible from within the building. Two other standout features are the surrounding reflection pool and semi-transparent metal mesh-like envelope that together make the building appear to float. tabanlioglu.com

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TAKE THE TEST Stand 47, the design-forward home at Monaghan Farm, Lanseria, is inviting interested individuals, architects, developers and other green thinkers to apply online at http://www.stand47.co.za/wintertest/ to take part in its Winter Test campaign. Stay the night and experience the extraordinary insulation properties of its Saint-Gobain walls and ceilings. We’ve experienced it first-hand and the warm embrace of this eco-friendly home is truly a case of ‘feeling is believing’! But even more comforting is the fact that the walls are healthier to live with – a huge benefit in the long term, given the levels of toxicity in our homes today – and they’re surprisingly soundproof.

Read more on our blog at realestatemagazine.co.za or visit SaintGobain at saint-gobain.co.za or Monaghan Farm at monaghanfarm. co.za, or email Stand 47 for more info at us@stand47.co.za

COUNTRY LIFE The esteemed Val de Vie Estate in the Franschhoek-Paarl Valley has announced its new development phase characterised by an eco-sensitive ‘living closer to nature’ philosophy. It comprises 13 Gentleman Estates of 1,2 to 5,53 hectares each, priced between R7,5m and R9,95m, and four River Reserves of 2,56 to 5,83 hectares each at R12,5m. The Gentleman Estates offer the options of a vineyard, olive grove, organic vegetables and the like, or keeping horses and certain breeds of livestock, while the River Reserves allow select game species in conjunction with Cape Nature flora. Included in the selling price is the design of a complete landscape site development plan by Uys & White Architects, as well as a predesign concept meeting with the design team led by renowned architect Stefan Antoni of Stefan Antoni Olmesdahl Truen Architects. Pamgolding.co.za

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GO ONLINE ™

For more on these stories, visit our website at www.realestatemagazine.co.za.

A HAND-PICKED COLLECTION OF MAGNIFICENT PROPERTIES

THE LIFE AQUATIC At the Dubai International Boat Show in March, Kleindienst Group, the biggest European property-development group in Dubai, launched its Floating Seahorse marine accommodation. Suspended both above and under the water, the 42 units make up a unique marine-style retreat located only a short boat ride from the coast of Dubai. Each one is split into three levels: one underwater, comprising the master bedroom and bathroom; one at sea level that accommodates the open-plan living space, kitchen and extended deck; and an upper open-air level featuring an informal bedroom, mini bar, kitchenette and glass-bottomed Jacuzzi. An artificial coral reef will be built in the ocean around the retreat specifically to accommodate endangered seahorse species. The Floating Seahorse is set for completion next year. kleindienst.ae, thoe.com

FRESHLY PRESSED The newest node of cool in what is arguably Cape Town’s most creative hub, Woodstock, Mason Press is so called because it originally housed a printing company. The transformation of 8 000+m2 in Ravenscraig Road, developed by Daleglen Property Group, has preserved its industrial character but added bright colours, murals and an ‘open street’. The current tenants are designers, craftsmen, entrepreneurs and retail shops including Pyga Mountain Bikes, My Green Love Affair Event Planning, Baseline Coffee Roasters, Centrepiece Cakes, Matter of Fakt Jewellery, New Harbour Gin Distillery and Woodstock Ceramic Studio. daleglen.co.za

GO ONLINE FOR MORE INFO

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BRYANSTON, SANDTON, GAUTENG, SOUTH AFRICA

•

OFFERS FROM R16-MILLION

LH469

A secluded family abode, ideal for lavish entertaining.

This recently renovated, well-maintained split-level home is set in an established, manicured garden, offering great security, plenty of parking and double staff accommodation.

Extravagantly large bedroom suites offer panoramic views.

There is also a full guest suite, flowing entertainment rooms, a gym, cinema room, wine cellar and much more.

Bedrooms 5 Bathrooms 5 Garages 6 Living Areas 2 Rene Ozen +27 (0)83 777 3963 Stan Selikow +27 (0)83 272 7888 www.seeff.com web ref: 357295

FOURWAYS GARDENS, SANDTON, GAUTENG, SOUTH AFRICA

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POA

LH470

Unsurpassed quality and style in an exclusive security estate. Set within an expansive, award-winning garden and overlooking a beautiful greenbelt, this family-friendly home offers an all-year-round holiday lifestyle. Fabulous entertainment rooms with bespoke wine bar and features spill out onto glorious patios. The sumptuous bedroom suites offer superb views in this home that is designed to delight.

Bedrooms 5 Bathrooms 5,5 Garages 3 Living Areas 5 Sharon Caradoc-Davies +27 (0)82 560 7042 Michelle Zuccollo +27 (0)82 850 8356 www.seeff.com web ref: 357713

FRESNAYE, CAPE TOWN, WESTERN CAPE, SOUTH AFRICA

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R12.995-MILLION

LH471

With its large, level garden, pool, covered gazebo, patio and mesmerising sea- and cityscapes, this contemporary home offers excellent flow and easy entertaining at its best. Upstairs, bedrooms extend onto a balcony with sea views. Downstairs, wooden floors and warm hues invite comfort and relaxation.

Ideal for the family-focused executive, this well-maintained property includes staff accommodation and excellent security.

Bedrooms 3 Bathrooms 3 Garages 2 Living Areas 4 Lara Kaplan +27 (0)73 711 4111 Fran Segal +27 (0)84 983 5278 www.sothebysrealty.co.za web ref: 1168659

CLIFTON, CAPE TOWN, WESTERN CAPE, SOUTH AFRICA

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R35-MILLION

LH451

Bringing to mind the fresh feel and easy grace of a sailing boat, this Clifton bungalow features a monochromatic palette and clever use of space throughout. Located right on the beach, with a pool and large entertaining area, it is indeed a rare find and, for many, a dream come true.

Bedrooms 3 Bathrooms 3 Garages 1 Living Areas 3 Tanya Joubert +27 (0)82 553 4549 Barak Tomlin +27 (0)76 750 0501 www.sothebysrealty.co.za web ref: 575412

DAINFERN ESTATE, SANDTON, GAUTENG, SOUTH AFRICA

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POA

LH290

Experience fresh, open-plan living and entertaining in this north-facing golf estate residence with fairway views and timeless quality finishes. Features include an impressive entrance walkway, en-suite bedrooms, a study overlooking an atrium and koi pond, and two dream patios, one of which has a built-in gas braai and stainless-steel extractor unit. Spacious staff suite and ample garaging included.

Bedrooms 4 Bathrooms 4 Parking 3 Living Areas 3 Dermot Mcdermott +27 (0)83 680 5286 dermot@sothebysrealty.co.za www.sothebysrealty.co.za web ref: 977166

HYDE PARK, JOHANNESBURG, GAUTENG, SOUTH AFRICA

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R32-MILLION

LH457

A stunning designer family home of understated elegance and luxury. This magnificent property boasts what is arguably the most prestigious and secure position in Hyde Park. It offers extensive en-suite accommodation, wonderful reception rooms all flowing out to a large covered terrace and pool, and a dazzling gourmet chef ’s kitchen. No expense has been spared in state-of-the-art finishes throughout.

Bedrooms 5 Bathrooms 5 Garages 4 Living Areas 4 Stephen Brick +27 (0)82 551 7971 Nina Obel +27 (0)82 552 7325 www.vered.co.za web ref: 113062

BEDFORDVIEW, JOHANNESBURG, GAUTENG, SOUTH AFRICA

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R29,5-MILLION

LH472

Captivating and ultra-modern, this spacious home is ideal for the lavish entertainer. Extending over four levels, all of which are accessed by an internal elevator, highlights include a sunken cigar lounge, entertainment room, Jacuzzi, outdoor relaxation area, eat-in kitchen with imported finishes, decking-edged pool and a self-contained flatlet. Upstairs, spacious bedrooms extend to grand balconies boasting superb skyline views.

Bedrooms 5 Bathrooms 5 Garages 3 Living Areas 4 Luz Vazzana +27 (0)82 444 9763 Natalia Dias +27 (0)72 392 8421 www.chaseveritt.co.za web ref: 3284140

BRYANSTON, SANDTON, GAUTENG, SOUTH AFRICA

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R22-MILLION

LH473

A state-of-the-art home in a quiet cul-de-sac. Outstanding design and craftsmanship by Simmy Theodorou invite luxury living on this magnificent property. You’ll love the soaring entrance, openplan living, impressive receptions, cellar, cinema, library and sun-drenched kitchen. A tranquil garden plays host to a lap pool and overflow Jacuzzi, and extravagant finishes throughout extend to an impressive additional New York-style apartment.

Bedrooms 3 Bathrooms 3 Garages 4 Living Areas 3 Anne Beedle +27 (0)83 302 3842 Marlene Johnson +27 (0)82 342 3538 www.chaseveritt.co.za web ref: 3294979

BRYANSTON, JOHANNESBURG, GAUTENG, SOUTH AFRICA

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R14,999-MILLION

LH474

The epitome of luxury, elegance and classic lines, this magnificent residence offers outstanding views and a prime location on upmarket Mount Street. Reception rooms, a study and a feature kitchen flow from a central entrance hall. The entertainer’s patio is perfectly perched to appreciate the impressive garden and pool. With exceptional features and finishes throughout, plus top security, this home deserves a standing ovation.

Bedrooms 4 Bathrooms 3 Garages 4 Living Areas 5 Dominic Courtney +27 (0)83 626 6355 Blyth Marrier +27 (0)83 604 0664 www.pamgolding.co.za web ref: HP1223811

BLAIR ATHOLL, LANSERIA, GAUTENG, SOUTH AFRICA

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R16-MILLION

LH475

This elegantly designed home, with its crisp architectural lines, boasts modern finishes and eco-friendly technology. Situated on the Crocodile River, the views are spectacular. Relax on the deck and enjoy sundowners to the sounds of the best birdlife in town. This masterpiece must be viewed to fully appreciate its tranquillity and unique setting.

Bedrooms 3 Bathrooms 3 Garages 3 Living Areas 3 Jo Lotter +27 (0)83 297 7992 jo.lotter@pamgolding.co.za www.pamgolding.co.za web ref: FW1166615

SANDHURST, JOHANNESBURG, GAUTENG, SOUTH AFRICA

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R38,5-MILLION

LH476

From its dramatic entrance to stunning art gallery, this captivating home presents a remarkable real-estate opportunity. Koi ponds and cascading streams set a tone of tranquil luxury. You will delight in the private cinema, spacious bedroom suites, games room, rose garden, cottage, Jacuzzi room, rim-flow pool, tennis court and indigenous garden. This is the crème de la crème.

Bedrooms 6 Bathrooms 6 Garages 6 Living Areas 4 Peter Gowans +27 (0)83 254 0370 peterg@jawitz.co.za www.jawitz.co.za web ref: 80379

CLIFTON, CAPE TOWN, WESTERN CAPE, SOUTH AFRICA

•

POA

LH477

With uninterrupted panoramic views, handcrafted interiors and meticulous attention to detail, this home will take your breath away. Triple-volume reception rooms flow effortlessly out to a covered patio, landscaped garden and sparkling pool.

Privacy is key, with grandiose bedroom suites, a games room and a cellar for intimate tastings. Convenient extras include state-of-the-art security, air-conditioning and a generator.

Bedrooms 5 Bathrooms 5 Garages 8 Living Areas 5 Glenn Goldberg +27 (0)83 658 3427 Stacey Janit +27 (0)76 337 4888 Sandra Scher +27 (0)83 456 2737 www.jawitz.co.za web ref: 92445

ILLOVO, SANDTON, GAUTENG, SOUTH AFRICA

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R10-MILLION

LH478

This two-level penthouse exudes panache. A private lift takes you to a dedicated rooftop patio and own private pool. Luxury and versatility are assured with the interior offerings of a lounge, dining area, breakfast room and TV room. A gym and an indoor pool are available to all residents, as is plenty of parking. This is the ultimate in privacy and security.

Bedrooms 2 Bathrooms 3 Garages 3 Living Areas 3 Jayke Meneses +27 (0)74 117 6273 jayke@firzt.co.za www.firzt.co.za web ref: 16755

BIRDHAVEN, SANDTON, GAUTENG, SOUTH AFRICA

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R50-MILLION

LH479

A luxurious, open-plan home providing plenty of light and air.

Highlights include a basement games room piped for music or cinema, a computer station/study, staff accommodation, a laundry, workshop and more. The triple-volume roof atrium is an exquisite feature, as is the covered patio with solar-heated lap pool beyond. All accommodation is en suite, with an additional downstairs guest suite available.

Bedrooms 4 Bathrooms 4 Garages 2 Living Areas 2 Ethne Lipschitz +27 (0)83 267 3111 Estelle Taitz +27 (0)83 231 8019 www.firzt.co.za web ref: 16815

HYDE PARK, SANDTON, GAUTENG, SOUTH AFRICA

•

POA

LH480

A state-of-the-art home on ±2 000m² in a sought-after, secure estate. Highlights include a large, double-volume entrance, marble staircase, formal lounge/dining room, open-plan family room with bar and wine room, and gourmet kitchen with scullery, pantry and cold room. A spacious patio with stacking doors leads onto the pool and landscaped garden. Among the many conveniences are a lift and auto security shutters throughout.

Bedrooms 3 Bathrooms 3 Garages 2 Living Areas 4 Dennis Spencer +27 (0)82 498 6321 Wendy Mortimer +27 (0)83 652 8799 www.remax-masters.co.za

HYDE PARK, SANDTON, GAUTENG, SOUTH AFRICA

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R23,5-MILLION

LH481

This gracious, contemporary abode is north facing, with a guardhouse and plenty of parking. The home flows out to a lovely garden with established trees, an 18m heated pool and a magnificent covered patio. Interior features include a largescale lounge, dining room, bespoke kitchen with eat-in area and an adjoining family room. A private study offers a workfrom-home opportunity.

Bedrooms 5 Bathrooms 5 Garages 4 Living Areas 3 Dawn Dorfman +27 (0)82 455 7898 Abe Flax +27 (0)82 569 9135 Karen Kupritz +27 (0)82 416 7426 www.daprop.com web ref: 10262692

ZIMBALI ESTATE, UMHLANGA, KWAZULU-NATAL, SOUTH AFRICA

•

R10-MILLION

LH482

While away the days in perfect paradise at this striking Balinese-style villa. On the ground floor, en-suite bedrooms open onto a private garden. On the first floor is the main ensuite bedroom, offering stunning views from a large balcony.

The open-plan lounge and dining room share a remarkable cathedral-style vaulted ceiling, alongside which is an impressive kitchen fitted with the latest German appliances.

Bedrooms 4 Bathrooms 4,5 Garages 2 Living Areas 3 Andre de Klerk +27 (0)82 442 1437 andre.deklerk@tysonprop.co.za www.tysonprop.co.za web ref: RL 18256

FOREST TOWN, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

R10-MILLION

LH483

This elaborately layered, inviting home evokes a response like decadent, velvety smooth, melt-in-the-mouth dark chocolate.

As though on a luxury yacht, pour yourself a port, don your smoking jacket and head for the cigar lounge and wine-tasting room. Along the way you’ll find hints of sandalwood, spicy rich scents and quality finishes as rare as rare can be.

Bedrooms 4 Bathrooms 4 Garages 3 Living Areas 4 Russell Fisher +27 (0)83 777 3962 property@russellfisher.co.za www.russellfisher.co.za web ref: 706

FRESNAYE, CAPE TOWN, WESTERN CAPE, SOUTH AFRICA

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R35-MILLION

LH484

This sophisticated villa is perfect for the larger family.

Superb, open-plan entertainment areas, including an impressive gourmet kitchen and separate scullery, make socialising a cinch on the upstairs terrace, with its convenient sky bar and swimming pool. Downstairs, the informal family room is ideal for children of all ages, opening onto a level lawn with a second fair-sized swimming pool and braai area. Other outstanding features include a study, two staff suites, a gym, sufficient garaging and additional parking bays.

Bedrooms 5 Bathrooms 6 Garages 3 Living Areas 5 Gail Gavrill +27 (0)82 777 6000 gail.gavrill@res.za.knightfrank.com www.knightfrank.co.za web ref: ZA3272190

GREEN POINT, CAPE TOWN, WESTERN CAPE, SOUTH AFRICA

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R13,995-MILLION

LH485

A charming, unique property on two levels, well suited to a family with teenage children or guests requiring privacy.

The bedrooms are all en-suite and there is an additional guest cloakroom with a shower. A spacious, open-plan living and dining area extends into a gourmet kitchen.

Outside, a garden, two courtyards, a large pool area and lovely sea views offer an idyllic Cape lifestyle. Comfort and convenience are top of mind with the underfloor heating, an automated garage, a laundry room and excellent security, among other features. In addition, this stunning home is centrally located and close to all amenities.

Bedrooms 3 Bathrooms 3 Garages 2 Living Areas 2 Bruce Zeff +27 (0)82 956 3153 bruce.zeff@res.za.knightfrank.com www.knightfrank.co.za web ref: ZA3282653

HOUGHTON, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

R18,5-MILLION

LH407

Set in a small, secure complex, this contemporary classic is designed for creating memories that will last a lifetime.

Featuring dramatic black-and-white decor, its high ceilings, light-filled entrance, entertaining patio with gas braai, heated lap pool, lush landscaped garden plus kids’ garden, and eat-in kitchen with separate pantry, scullery and laundry room are a natural fit for both family and fun. Upstairs, the sumptuous main-en-suite, which includes a huge dressing room, lies adjacent to a spacious pyjama lounge, a study and additional ensuite accommodation. A separate double-storey home office/flatlet and staff accommodation complete this magnificent home.

Bedrooms 4 Bathrooms 4 Garages 2 Living Areas 2 Rona Sacks +27 (0)71 562 0237 rona@ahprop.co.za www.ahprop.co.za web ref: ADHS-1872

BEDFORDVIEW, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

POA

LH486

The epitome of style and sophistication. Simply move in and live the lifestyle you’ve always dreamed of in this luxurious cluster home. An impressive array of state-ofthe-art security features includes a 24-hour guardhouse, electric fencing, beams, an alarm system, a monitored road camera system and a dedicated surveillance vehicle for lower Florence Road. With quality design, superb finishes and easy-entertaining features throughout, comfort, privacy and ultimate peace of mind are yours to enjoy in this homeowner’s paradise.

Bedrooms 4 Bathrooms 3 Garages 3 Living Areas 4 Fatima Nosarka +27 (0)83 709 0881 fatima@ahprop.co.za www.ahprop.co.za web ref: ADHS-2377

ATHOLL, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

OFFERS FROM R12-MILLION

LH487

Well located in a fabulous secure estate, this exclusive and celebrated unit has unique private access to a ±1 000m² park. Designed by Luis Ferreira da Silva, the home itself is gracious and elegant. Must-see features include the beautiful en-suite bedrooms, pool and multiple indoor and outdoor entertainment areas, such as a wine cellar and lower-floor cinema or playroom. The kitchen is a chef ’s dream come true, making this an excellent home for family living or fastidious entertaining.

Bedrooms 3 Bathrooms 3 Garages 4 Living Areas 5 Lynda Greeff +27 (0)82 446 5120 lynda.greeff@ennikestates.co.za Jeremy Craig +27 (0)76 246 4900 jeremy.craig@ennikestates.co.za www.ennikestates.co.za web ref: EN01-0666

NORTHCLIFF, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

R10-MILLION

LH488

Sophisticated and stylish, this Johan le Roux masterpiece is set on a 2 000m² stand. Warm hues, clean lines, chic entertainment spaces and luxurious finishes define this home. En-suite bedrooms, an expansive mainen-suite, a guest cloakroom, spacious reception areas, a top-notch gourmet kitchen with scullery and pantry, and a temperature-controlled wine cellar are just a few of the many highlights to be found inside. In addition, a covered patio invites you to while away your sunshine days in style, overlooking an azure pool and enjoying views of the mountains beyond.

Bedrooms 4 Bathrooms 4 Garages 3 Living Areas 4 Madi Lethbridge +27 (0)82 676 1174 madi.lethbridge@ennikestates.co.za Julie Gouws +27 (0)79 898 2845 julie.gouws@ennikestates.co.za www.ennikestates.co.za web ref: EN01-0718

BRYANSTON, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

R25-MILLION

LH401

Perched on the view slopes of popular Mount Street is this magnificent abode for the top executive. From the triple-volume entrance, spacious receptions lead to the patio and elevated pool. The gourmet kitchen includes top appliances, with a further kitchen/dining/lounge facility located in the luxury self-contained guest suite.

The main bedroom suite will impress with its private rooftop spa, while downstairs are his and hers studies, a fully equipped gym, a library, and a basement-level bespoke cinema, billiards room and separate wine cellar. Extras include staff accommodation for two and a generator.

Bedrooms 4 Bathrooms 5 Garages 5 Living Areas 6 Regan Harris +27 (0)82 320 6464 regan@hamiltons.co.za www.hamiltons.co.za web ref: 3264606

BRYANSTON, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

R11,95-MILLION

LH489

An exceptional cluster home offering a perfectly balanced environment, excellent flow and top-notch finishes throughout. The impressive volumed entrance leads to three fluid reception areas. The spacious bespoke kitchen with scullery includes integrated appliances, and, together with the covered patio, built-in braai facility, floating cocktail bar and feature pool, guarantees an entertainer’s delight. Staff accommodation, cuttingedge technology, security, a solar-heated water system, automated garaging, ample guest parking and a beautiful landscaped garden round out this luxurious home, created for those with an eye for detail.

Bedrooms 4 Bathrooms 5 Garages 3 Living Areas 4 Regan Harris +27 (0)82 320 6464 regan@hamiltons.co.za www.hamiltons.co.za web ref: 3287496

Real Estate Print Ad_bleed.pdf

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SPECIAL REPORT

BUYING

TO LET

IF YOU’VE BEEN EAVESDROPPING ON STOCKBROKERS AND FINANCIAL ADVISORS, YOU’LL KNOW MANY ARE QUEASY ABOUT THE CURRENT STATE OF THE STOCK MARKET. IS BUY-TO-LET PROPERTY A VIABLE ALTERNATIVE FOR INVESTORS?

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here’s nothing new about investing in property. Why would there be, when mid- to long-term, property delivers?

As Samuel Seeff, CEO of Seeff, says, ‘Consider, for example, that during the pre-2007/8 economic boom, property values were growing at upwards of 20 per cent per annum across many areas – although there are always exceptions, you certainly can’t get this on the stock market.

‘Even since the economic downturn, values have continued to grow at inflation-beating rates, and while the banks are now pointing to an inevitable slowdown in the national average house-price growth, capital value growth is nonetheless still expected to keep up and even outpace inflation, at least for this year.’

Clearly, over the medium to long term – five to 10 years – property is an excellent investment vehicle, especially, says Basil Moraitis, Pam Golding Properties’ area manager for the Atlantic Seaboard and City Bowl, in recession-proof areas like the Atlantic Seaboard which, despite

An artist’s impression of the interior of one of the 119 units that will comprise Three Fountains apartments by Rawson Developers in Greenfield Road, Kenilworth, Cape Town

Text Anne Schauffer Photographs Supplied

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global downturns in the past, has retained its values, unlike highly volatile stock markets. ‘The advantage of the buy-to-let market is that in addition to rental yields, you also benefit from good capital growth in sought-after areas with limited stock due to geographic constraints,’ he adds.

There’s a sizable demand in South Africa for rented accommodation, and the factors contributing to this trend haven’t abated. ‘The introduction of the National Credit Regulator (NCR) in 2007, and the subsequent economic downturn, meant the South African consumer was faced overnight with challenging economic times and tight home-lending application criteria, which further boosted the demand for rental accommodation,’ says Seeff. Add to that the influx of people to urban areas, and the growing middle class, for whom renting is often the first step before buying or, indeed, the only option if they have a poor credit rating.

The demand is there, so too the buy-to-let opportunities – but what does it take to succeed?

The first step in the pre-purchase homework is identifying the right location. However, when talking about buying-to-let investors, it’s best to differentiate between seasoned investors with substantial portfolios, and the new investor keen

to put a toe in the water. Long-time investors will have a more ‘adventurous’ outlook in terms of where they buy – in up-and-coming areas or those with promise – while newcomers are more comfortable investing in those with a highdemand profile.

Investors need to identify which type of market they’re aiming for, and that, to a large extent, determines location – will it be a standard apartment or a unit in a sectional-title complex, high-end short-term corporate rental, holiday rentals? Each has its own set of criteria.

‘At the moment,’ says Bill Rawson, chairman of the Rawson Property Group, ‘the best returns for standard rentals – often giving a positive cash flow from the outset – are found in those suburbs conveniently sited in relation to the CBD. These are now throughout South Africa, often zoned for high density, and they’ve therefore been able to attract developers who by and large create the affordable multi-unit stock which has proved a particularly good investment of late.’ Most popular countrywide for tenants, and therefore for buy-to-let investors, are two-bedroom sectional-title apartments, or units within complexes or gated estates.

‘In general, the lower the purchase price of the property, the higher the yield,’ points out Trish

‘The prospective buyer has to find out what prices have been achieved recently, and to assess what returns buy-to-let investors are getting’ – Tony Clarke, MD of Rawson Property Group

Luthuli, new-business executive at Pam Golding Properties Gauteng. Identifying the lower-end home value as below R600 000, and the middle end at between R600 000 and R900 000, she says, ‘The rental yield is currently estimated at 9.75 per cent in the lower- and middle-end property segment. This is higher than that of upper-middle-income properties, which have a rental yield of 8.06 per cent.’

A more sophisticated buy-to-let market lies with corporate and business rentals. Seeff says, ‘Anything upwards of one to six months – and often up to three years in top-end areas for visiting business delegates – has boosted demand in top-end areas, especially those close to airports and commercial centres. Think areas close to the Sandton CBD, Cape Town’s Southern Suburbs, Northern Suburbs areas such as Durbanville, Atlantic Seaboard and City Bowl, and Ballito near King Shaka Airport in Durban.’

In addition, ‘The growth in tourism has boosted the demand for short-term rentals – anything from one week to four months and often more,’ he says. ‘All of these present potential buyto-let opportunities, both in terms of existing housing stock, but also new, affordable housing developments which meet the demand for rental accommodation from the middle class.’

And when it comes to homework by investors, Tony Clarke, MD of the Rawson Property Group, stresses the importance of identifying and understanding demand in a particular location.

‘The prospective buyer has to find out what prices have been achieved recently, and to assess what returns buy-to-let investors are getting,’ he says.

In his opinion, wherever possible, the purchase should be a property where the yield per square metre is significantly above average. ‘Such properties are usually found in the high-density, high-demand suburbs which have become the flavour of the month,’ he adds. He also feels the landlord should assess the ambience of the area, because tenants want to feel part of the community, and safe: ‘Find out such factors as the average age and income of the inhabitants (look at the Lightstone website), any community functions, and importantly, the crime situation in the area.’

Advice to investors from Carol Reynolds, area principal of Pam Golding Properties in Durban, Durban North, La Lucia, Umhlanga and Umdloti, is, after location, to investigate the body corporate and financials of the complex. ‘Well-run blocks are sought-after and achieve far better rental returns than badly managed complexes.’

She says to always look at acquisition cost versus return, then decide whether your investment choice is based strictly on returns, or whether you’re seeking both capital appreciation and solid returns. ‘For great returns only, sectional-title units close to the R1-million mark make the best investments in terms of ROI, but if you’re seeking capital growth as well, then more expensive properties in better areas will achieve growth as well as fairly good returns.’

Myles Wakefield, CEO of Wakefields Real Estate, counsels new investors to take a conservative approach, and be cash positive from day one. ‘If you’ve bought a R700 000 apartment on Durban’s Berea, and put down a 10 per cent deposit, you’ve invested R70 000. Based on current rentals and annual increases, the tenant’s rent should cover your levy, rates and bond.

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SPECIAL REPORT

‘Over the medium to long term – five to 10 years – property is an excellent investment vehicle’ – Basil Moraitis, Pam Golding Properties Area Manager, Atlantic Seaboard and City Bowl

THIS PAGE CLOCKWISE FROM ABOVE Seeff has this luxurious three-bedroom Camps Bay villa with private pool overlooking the ocean for rent at R80 000 a month; Rawson Developers’ four-level 42-unit apartment development The Acorns is in Stellenbosch, a 10-minute walk from key university complexes such as the student centre, the library and the university headquarters. The units all have one bedroom, varying in size from 38 to 47m2, with fully fitted open-plan kitchens onto the living area. It’s expected that those who bought here will see year-on-year appreciation in the region of about 10% per annum; two five-storey blocks with 119 units at Rawson Developers’ Three Fountains apartments in Greenfield Road, Kenilworth have been selling at R755 000 for a 32m2 bachelor unit, R940 000 for a 46m2 one-bedroom unit, and upwards of R1,375m for a 67 to 71m2 two-bedroom unit OPPOSITE A large, luxurious, four-bedroom home in Baileys Muckleneuk, Pretoria, is for rent through Seeff at R45 000 furnished or R36 500 unfurnished

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FACT A FREESTANDING HOUSE IN THE CITY BOWL WILL BRING IN AN AVERAGE OF R17 000 PER MONTH IN RENT

MONTHLY RENTAL YIELDS ACROSS PROPERTY TYPES

Investing in the upper end of the market in Cape Town’s City Bowl – Tamboerskloof – will set you back R30m for this luxury villa for sale through Seeff. It towers above the city with stunning views, six bedrooms and every luxury imaginable, including a bar and gymnasium

Conservatively, if the cash flow is positive, the capital growth received on your investment will be the ‘‘gravy’’. Ideally, the tenant pays off your bond.

‘If you have to feed the bond/levy/rates, it’s not a good investment. If the interest rate rises, you’ll find yourself in stressful circumstances, and in a worst-case scenario, be forced to sell at the wrong time for less.’

‘Investors need to do their sums carefully when calculating returns,’ says Dexter Leite, rentals manager for Pam Golding Properties in the Western Cape Metro Region. ‘Gather intelligence on all the factors from reputable area rental specialists, and ask them to view the premises before you invest.’

Critical to the investment is the rental achievable. Luthuli says that while a buy-to-rent property can be lucrative, she warns landlords not to overcharge tenants. ‘They can be price sensitive and you don’t want your investment to sit empty because you’ve priced it out of the market.’

On the flipside is the primary issue raised as a reason not to enter this market – concern over

quality tenants. Although there’s no foolproof vetting system, rental professionals have a very stringent pre-tenancy check – with advanced assessment tools – and, of course, a list of prospective tenants who’ve already been vetted.

That’s why, increasingly, investors approach realestate rental divisions for their tenants.

Bottom line, set a market-related rental. Be absolutely realistic when you’re doing your sums.

Ensure you have the financial elasticity to cope if the bond rate increases, a special levy pops up, or you’re left tenant-less for a month.

‘The long-term investment value in property is well established universally,’ says Laurie Wener, MD of Pam Golding Properties in the Western Cape Metro. ‘The rental and capital yield is relatively stable and even short-term speculation can have excellent yields for those with an appetite for risk.

‘Property remains a valuable investment asset for private individuals and institutions. Longterm reduces the risk level and as property transactions tend to be relatively slow (not quick to liquidate optimally) and expensive, it’s essentially a long-term investment for most.’

Mike van Alphen, national manager of the Rawson Property Group’s bond origination division, Rawson Finance, says, ‘Any investor not putting 25 to 30 per cent of his capital into property at this stage in our economic cycle is making a mistake – where else can one acquire income-earning assets at such low borrowing rates?’

The data below, supplied by Private Property, presents the monthly median asking prices for different property types in various suburbs as an equivalent for monthly property yields for investors. n Ballito The monthly rental yield ranges from R7 400 for an apartment to R16 750 for a complex and R25 500 for a house. n City Bowl You can rent out a property in a complex for R11 900, while an apartment will bring in an average of R14 500 and a freestanding house R17 000. n Morningside An apartment in this area goes for an average of R12 100, while you’ll be able to rent out a home in a complex for R20 000 and a freestanding home for R30 000. n Sea Point The average monthly rental yield ranges from R16 500 for an apartment to R20 000 for a complex and R21 500 for a house. n Umhlanga Rocks You can rent out an apartment for R16 250 and a property in a complex for R18 000, while a house will bring in an average of R25 000. n Fourways An apartment here goes for an average of R7 650, while you’ll be able to rent out a home in a complex for R15 000 and a freestanding home for R20 500.

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Insight into SA’s best property markets.

A home for everyone ww w. p r ivat e p roper ty.co.za

TROPICAL ISLAND PARADISE

LOOKING TO INVEST OFFSHORE? THE PICTURESQUE MARINA OF LA BALISE ON THE UNSPOILT SOUTHWEST COAST OF MAURITIUS OFFERS OUTSTANDING LIFESTYLE BENEFITS FOR FAMILIES AND BUSINESS INVESTORS LOOKING FOR A UNIQUE OPPORTUNITY Photographs Supplied

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t a time when South Africa’s social and political challenges dominate the news headlines, investors are increasingly looking at their options elsewhere.

It’s not surprising that exploring contingency plans is a rising trend among South Africans who are looking for safer offshore solutions from a business, investment and lifestyle perspective.

Traditional destinations such as the UK, Europe and Australia are still top of mind, but the desirable climate and proximity of the island of Mauritius is fast becoming a favoured choice for many high-net-worth South Africans, and for good reason.

Mauritius has several very persuasive attractions. It’s a peaceful, multi-cultural island with three decades of political stability and economic growth. The employment rate of 91.3% is bolstered by a good education system for locals and foreigners alike, which is encouraging foreign entrepreneurs to set up businesses on the island. Healthcare services are so good that there is a growing medical tourism industry, and the crime rate is negligible. The 15% tax rate also makes it the perfect place to base a business as well as family, especially with the yearround sunshine, outdoor lifestyle and excellent watersports that South Africans cherish so much.

These factors explain why about 40% of buyers of properties in the exclusive luxury residential resort La Balise Marina are South Africans. La Balise Marina falls under the legal framework of the Integrated Resort Scheme (IRS), a programme that enables foreign highnet-worth individuals (and their dependants) to benefit from permanent residency by investing in property above US$500 000.

La Balise Marina sits between a gorgeous backdrop of rugged mountains and the warm Indian Ocean in picturesque Black River, a coastal town that offers every modern amenity yet retains a laid-back island charm.

The estate features 146 luxury units, with 70 apartments, 62 duplexes and 14 three- to fivebedroom villas. Every property has a plunge pool, ensuite bathrooms, a fully equipped kitchen, spacious lounge and dining areas,

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ADVERTORIAL

AT A GLANCE The Integrated Resort Scheme Under the IRS, luxury villas and other residential properties can be sold freehold at a minimum price of US$500 000 to foreigners who, de facto, receive a residence permit. The few IRS villas put on the market so far have proven very popular.

The IRS targets the high-end segment of the international property market, in other words, high-net-worth individuals with high purchasing power. The investor may sell the property with no minimum selling price restriction or rent the property; he or she can elect tax residence in Mauritius and is free to repatriate funds or revenue raised from the sale or renting of the IRS property.

For La Balise Marina sales, contact the Mauritius Sales Office on 00230 406 9160 or, in South Africa, Rob Hudson of Hayes, Matkovich & Associates on 083 309 0760.

Labalisemarina.com

air conditioning and direct access to the sea.

Premium three- to five-bedroom units have a private pontoon to moor owners’ boats. Onsite interior designers are available to advise on decor choices and furnish everything to taste.

At the centre of the development, the traditional thatched clubhouse boasts a bar, restaurant, gym, spa, kids’ club and large infinity pool. In addition, there are a sports centre, slipway and filling station for residents, as well as a small commercial centre known as L’Estuaire, where all nautical activities are booked. L’Estuaire also has apartments for the local market, a restaurant and shops.

Apartments cost from R7 million, duplexes and stands start at R14 million and the marina’s stunning villas are priced from R39 million.

Properties are going fast, and only three duplexes and five villas remain unsold throughout the development.

Although there are several upmarket IRSes in Mauritius, La Balise Marina is the only highend resort that offers every single freehold unit direct access to the well-managed marina and surrounding lagoons, making it an enviable lifestyle choice in one of the most untouched and beautiful regions on the island.

The potential to generate rental income ahead of retirement is already established: owners can put their units into a managed rental pool when they are not using them, generating a regular income, which is now guaranteeing owners of two- and three-bedroom apartments a rental return option of 3% over four years. The units are also achieving high resale values, with duplexes bought for US$600 000 four years ago already reselling for US$800 000.

The project is being promoted by Investec, the MCB Equity Fund, a leading Mauritian bank, and the ENL Group (enl.mu). ENL is one of the biggest conglomerates in Mauritius and is controlled by the well-respected FrenchMauritian Espitalier-Noël family. ENL has substantial financial reserves and decades of experience, giving investors the confidence of knowing they are buying into a stable, wellfunded development.

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spotlight on…

NEWLANDS LUSH AND QUAINT, NEWLANDS’ NATURAL BEAUTY AND VILLAGE ATMOSPHERE MAKE IT ONE OF CAPE TOWN’S MOST FAMILY-FRIENDLY SUBURBS Text Kit Heathcock Photographs K Rose and supplied

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SUBURB FOCUS

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ree-lined streets, a peaceful village atmosphere and a plethora of chic cafés and delis are just the start of Newlands’ irresistible charm.

Protected from Cape Town’s notorious southeaster by the forested slopes of Table Mountain, and with plenty of winter rainfall to encourage tall trees and lush gardens, it’s as close to nature as you can get in the city and yet it’s very central.

Residents love having Newlands forest so close; it’s the place to walk dogs every morning, run mountain trails, cycle with the kids, go foraging for mushrooms or take toddlers for wild adventures clambering around and over mountain streams, rocks and tree stumps. And the forest and its access to mountain trails is only a few steps from the M3, which conveniently keeps traffic away from the suburb and yet allows residents to nip into town or out to the airport in only 15 minutes.

Historically, Newlands grew up around several large estates and breweries taking advantage

suburb is in high demand as the property sizes are manageable and family homes near schools are especially desirable,’ confirms Heather Turner of Pam Golding Properties. ‘There’s a shortage of stock which is driving the prices up.’

Some of the most sought-after property, according to Pam Sorel, is in the trendy area known as Newlands Village, around Kildare Road, very much favoured by the ‘swallows’ who come to South Africa from Europe for the summer. Here, prices per square metre are comparable to those in Clifton.

Heather Turner adds that Hiddingh is popular for medium-sized family homes, while Fernwood, which is closer to Kirstenbosch, is in demand for those looking for larger properties. A fourto five-bedroom house on Fernwood’s Thistle Street recently sold for R8 million, while a threebedroom house in Lothian Road in the Vineyard area sold for R5,25 million.

‘In such an established suburb, there’s very little land available for new development, and what there is tends to consist of two or three

With such an attractive lifestyle on offer, it’s not surprising that residents are predominantly owner-occupiers and rental property is at a premium

WHERE TO EAT IN NEWLANDS The Gardeners Cottage at Montebello for cosy breakfasts. Upstairs at Basilico for fantastic views and Italian food. Melissa’s opposite for the buzz. Cassis for the best macarons and sweet temptations.

The Creamery (top) for luscious ice cream; Wakaberry for hip frozen yoghurt; Rootbar (above) for juices and smoothies – all in Dean Street. For fine dining, head to Myoga at the Vineyard Hotel. For pub food and atmosphere, Foresters Arms is the place.

Best sushi is at the Sushi Box and the Vineyard Hotel.

of the clear spring water and mountain streams flowing through the area. A wide variety of housing styles characterised the vibrant community as it developed over the last two centuries, from large houses and villas to workers’ cottages and terraced houses, and today’s Newlands reflects this heritage.

‘Newlands has a very representative community of all age groups, from young couples to retirees,’ says Pam Sorel, an independent estate agent who has lived in Newlands for many years. ‘There’s a real mix of property sizes, including apartments, starter homes, small cottages and large family houses, as well as security developments.’

With so many good schools in the area, it’s particularly sought-after by families, with SACS, Westerford and Sans Souci all in walking distance.

Little Kildare pre-primary school has its own nature reserve on the banks of Newlands stream, with story time and environmental activities held on the banks each week. Other well-known schools in adjoining suburbs are Rondebosch Boys’ High School, Bishops, Herschel Girls’ School and Rustenburg High School for Girls.

However, you have to be quick off the mark to buy the perfect family home in Newlands. ‘The

townhouses built on the site of an old house that has been demolished or on a subdivision,’ says Pam Sorel, adding that an average townhouse currently sells for around R6 million.

With such an attractive lifestyle on offer, it’s not surprising that residents are predominantly owner-occupiers and rental property is at a premium, being snapped up as soon as it comes onto the market.

To experience the essence of Newlands’ charm, stroll through the shady streets to the bottom of Kildare Road where a busy hub of stylish cafés attracts the coffee and lunch crowds. Melissa’s is a longstanding favourite, now joined by Cassis with its legendary macarons and patisserie, and Gogos for artisan biltong.

After school, kids and moms head to Dean Street where it’s a toss-up between frozen yoghurt with toppings at Wakaberry, decadently rich ice cream at The Creamery, or healthy juices and smoothies at Rootbar. And Montebello Design Centre is another regular meeting place, with various art studios and craft workshops producing cutting-edge design and gorgeous hand-made pieces.

There’s a very strong and active residents’ association, which was founded many years

RESIDENT’S VIEW OPPOSITE, CLOCKWISE FROM TOP LEFT The Boomslang elevated walkway in Kirstenbosch National Botanical Garden was inspired by the skeleton of a snake; a sign outside The Creamery, a neighbourhood favourite; Newlands’ village atmosphere is part of its charm RIGHT On the banks of the Cannon River, this Gothic-style home (once a chapel) still has original features including pine ceilings and beams, stone walls and clover air vents. It’s on the market for R12m via Pam Sorel Properties

‘I’ve lived in Newlands for 21 years. I love all the trees and greenery, and that there’s no wind here. I go for a long walk in the forest every morning with friends and fellow dog-walkers, and you can just stroll down to one of the lovely cafés in the Village or to the Gardeners Cottage at Montebello for breakfast. It’s so central, midway between the city and the beach, and you can be at the airport in 15 minutes.’ – Pam Sorel, independent estate agent

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SUBURB FOCUS

ago when the threat of development of the Foresters Arms restaurant and pub into a multistorey hotel brought residents together to preserve the character and heritage of the area.

An ongoing campaign by the Friends of the Liesbeek River is to rehabilitate the river banks into a useable leisure space: a rustic trail runs along the banks of one section within Newlands and another has an atmospheric playground and park.

Part of the attraction of the suburb for families with young kids is this strong community feel, with another charming park in Palmboom Road a focus for children’s birthday parties,

playdates and an annual Halloween walk followed by a picnic.

And while we’re sharing best-kept secrets, the Newlands spring is where residents fill bottles with free spring water courtesy of Newlands Brewery, which uses this perfectly pure mountain water for its beer. Take your own glass bottles to fill at their collection point on the corner of Letterstedt and Main roads.

With its natural charm, varied architecture, convenience for schools, and easy access to both work and beautiful leisure spots, it’s no surprise that property in Newlands is so in demand.

‘Many Newlands homes are well over 50 years old, and the. trend for families to remain in these traditional old houses. for many years means that when they finally make their. way onto the market, they’re snapped up’.

– Mike Greeff, CEO, Greeff Properties..

AREA SPOTLIGHT> NEWLANDS Private Property gives a current snapshot of the Newlands residential property market.

DEMAND INDICATOR METRICS n Sale Listings: Properties listed for sale in Newlands comprise approximately 4% of the total sale listings in the Southern Suburbs.

Approximately 4% of the interest (views) in properties for sale in the Southern Suburbs is attributable to properties for sale in Newlands. n Rental Listings: Properties listed for rent in Newlands comprise approximately 12% of the total rental listings in the Southern Suburbs.

Approximately 7% of the interest (views) in properties for rent in the Southern Suburbs is attributable to properties for rent in Newlands.

PROPERTY TYPES n Sale Listings: As far as sales listings go, 77% of the residential property is houses, 19% apartments and 4% townhouses or clusters.

A typical property for sale in Newlands is a four-bedroom house, currently with a median asking price of R7,65m. n Rental Listings: For those looking to rent in Newlands, you’ll have more choice if you’re looking for a house – 67% of the rental properties are freestanding homes, while 19% are apartments and the remaining 14% are townhouses or clusters. A typical property for rent in Newlands is a threebedroom house, currently with a monthly median asking price of R31 000.

MEDIAN PRICE BY PROPERTY TYPE

This eight-bedroom heritage home is situated on close to 6 000m2 of parklike grounds with a small orchard. The Old Cannon Brewery (circa 1851) features yellowwood and teak parquet flooring, a grand staircase made from hand-hewn Table Mountain stone, deco fanlights and floor-to-ceiling windows. Price on application, Greeff Properties

RESIDENT’S VIEW ‘Newlands has a really vibrant atmosphere, with people walking to shops and restaurants and children playing in the parks. It’s like living on a postage stamp – everything you need is within a short walk or drive. I’m never stuck in traffic. There’s a festive vibe on Newlands sporting days, and I love walking from home to watch rugby or cricket with the children. And it’s wonderful having Newlands forest right there for walking and cycling.’ – Karen Newman, architect

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LISTING TYPE

HOUSES

TOWNHOUSES AND CLUSTERS

APARTMENTS

Sales listing

R8,62m

R3m

R2,6m

Rental listing

R31 000

R26 500

R12 000

Currently the total value of residential properties listed on Private Property in Newlands is: n Sales R199,737m n Rental R1 112 295

BOND REPAYMENT CALCULATION FOR A TYPICAL PROPERTY IN NEWLANDS The monthly bond repayment to purchase a typical property in Newlands, namely a fourbedroom house with a median asking price of R7,65m, is R70 063 per month over 20 years at prime of 9.25% with no deposit.

As a comparison, the median asking rental for a four-bedroom house in Newlands is R55 500 per month.

Notes: The findings presented above used current market data as at 31 May 2015

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2015/07/15 3:48 PM

WITHHOLDING CAPITAL GAINS TAX FOR NON-RESIDENTS Section 35A of our Income Tax Act applies in all cases where a property seller is a non-resident. It obliges the property purchaser to withhold a percentage of the purchase price in order to cover the potential tax liability of the seller. The tax due by such a seller to the South African tax authorities (SARS) could be, for example, income tax on rental income (if the property was let out before it was sold) or capital gains tax (CGT) on disposal of a nonresident’s immovable property.

The purpose of s 35A is to assist SARS to collect taxes due by non-resident sellers, the section

presupposing that it may be difficult to convince non-residents to pay tax to SARS once the investor departs from the country on the sale of his property.

HOW IT WORKS To withhold payments due to a seller means that the purchaser (through the conveyancer) must retain a certain percentage of the purchase price and must not pay this to the seller, who would under normal circumstances have been entitled thereto. Instead, this money is paid to SARS, who will apply it towards payment of any taxes due by the seller and will refund the balance to the seller, if any money is left.

DETAILS OF S 35A In essence, s 35A requires a purchaser to withhold (ie not pay to the seller) a certain percentage of the purchase price where– • the seller is a non-resident; • the purchase price exceeds R2 million; and • SARS has not issued a directive to the taxpayer (on the latter’s application) to the contrary.

For assistance with all aspects of your property transfer, contact a conveyancer at info@stbb.co.za or visit our website at www.stbb.co.za.

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NORTH RIDING

R 5 995 000

A LIFE STYLE TO`SET YOUFREE - A BALI STYLE MASTERPIECE Bali style home, masterpiece & finished to perfection. 4 Bedrooms all en-suite, guest cloak, 3 open-plan receptions with stacking doors to patio & heated pool, pyjama lounge. Al Fresco kitchen, 3 garages. Staff accommodation.

Double Hollywood garage.

Alet Helfer 082 343 6310 WEB: 130338

FONTAINEBLEAU

R 2 999 000

AMAZING 3/4 BEDROOM HOME OR UPMARKET GUEST HOUSE Situated in a cul-de-sac with river views. 3/4 bedrooms all en-suite with sliders to garden. Lapa over looking the river and pool. 2 Bedroom cottage with large balcony. 2x executive staff suites. Property currently used as an executive guest house, but would make a great family home. Situated in a cul-de-sac.

Barbara Krige 082 921 4396 Shaune Swart 082 855 8009 WEB: 132701

BLAIR ATHOLL

R 10 100 000

SPECTACULAR HOME IN MAGNIFICENT SECURE ESTATE This beautiful elegant home situated in the highly sought Blair Atholl Estate offers true perfection! 4 Bedrooms en suite + guest cloak room, spacious living area including the entrance hall, formal lounge and open -plan family & dining room. Massive patio. Triple garage. Staff accommodation. Spectacular modern finishes. Gorgeous views.

Lisa Graham 079 503 6037 WEB: 133040

BOSKRUIN

R 3 700 000

EXCEPTIONALLY RENOVATED THATCH- SEEING IS BELIEVING A masterpiece of elegance. 5 Bedrooms, 4 bathrooms (3 en suite), pyjama lounge, huge lounge & dining room onto stunning kitchen! Patio, pool & garden. Double garage. Staff Accommodation. Beautifully renovated throughout and finished with top of the range fittings and appliances.

Sue Austin 072 436 9337 WEB: 132611

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R 2 550 000

SOUGHT-AFTER TREED STREET. STYLE & SPACIOUS LIVING North facing and sunny, this inviting family home will impress the buyer looking for abundant space and convenient access to the suburbs excellent schools. 3 Bedrooms, 3 receptions, study, studio with separate entrance, cottage.

Double garage, pool with heat pump, large covered patio.

fineandcountry.com

PROPERTY INVESTOR

PROPERTY INVESTOR

advice column Text Patrick Cairns Images iStock

PART 9

GOING IT ALONE Should you sell your property privately?

E

state agents perform a vital role in most property transactions. And, as the experts in the field, they have the know-how and experience to get the best deal for both parties.

There are, of course, always people who have the time and knowledge to do it themselves. If you do opt to sell your property privately, however, there are some important considerations that must be taken into account.

The first is putting the property on the market at the correct price. Estate agents have access to tools to help them to value a property and to judge what will be suitable for the area, but there are also free property reports available to help a private seller. It’s crucial to get this right because if the price is set too high, the property may not sell, and if it’s too low, you could lose out.

If you’re selling a home you’ve lived in for many years, you may be blind to its faults. This might not only lead you to over-value it, but may deter potential buyers if what they’re seeing doesn’t match what you’re telling them. It may therefore be worth having an independent contractor in to have a look around the house to identify any obvious defects, and to quote on what it may cost to fix them so that this can be factored into the sales price.

Don’t, however, make the mistake of doing too much renovating before putting the property up for sale. While there are obvious benefits to fixing major problems, don’t overcapitalise because you may not recover the expense.

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It’s also vital to bear in mind that when selling a property you’re not just negotiating a price, but also the terms and conditions. The best approach is to have a conveyancing attorney help you through the selling process, drawing up an offer-topurchase agreement and any other documentation required. Make sure that any known defects are disclosed to protect both you and the buyer.

Estate agents also have an advantage when it comes to marketing a property. They not only have budgets for advertising, but also databases of people looking in specific areas for properties within certain price ranges. The private seller, on the other hand, has to rely on websites or classified ads. In addition, when selling privately, you have to be available to show potential buyers around the property, and as this has to be done at times that best suit those potential buyers, you need to be flexible.

When agreeing on a sale, don’t neglect to find out where the money is coming from. Does the buyer need to sell another property first or obtain a bond? This may delay the transaction and possibly derail it if it doesn’t work out as planned. Make sure that any agreements include timelines so that you’re not bound to wait indefinitely for the buyer to come up with the money.

Finally, remember that you haven’t really ‘sold’ your property until the change of ownership is lodged at the local deeds office. Your attorney will be in the best position to do this, and to help you get the necessary clearance certificates from the municipality.

2015/07/15 3:41 PM

PROPERTY INVESTOR

TIP SPEAK TO YOUR INSURANCE COMPANY FOR RECOMMENDATIONS OF RELIABLE, LICENSED BUILDING CONTRACTORS

PART 10

COVER YOURSELF If you’re renovating, don’t neglect your insurance

R

enovating your existing home is often more appealing than looking for a new one: you don’t have to leave your neighbourhood, family and friends, and you don’t have to take on the costs and disruption of buying, selling and moving.

Something that many people neglect to take into consideration, however, is the effect that home renovations may have on their insurance policies.

The risks are that your current policy will either not cover any damage caused by the work crew or will simply fall away.

You must inform your insurer of your intention to renovate from the outset. Check that your policy will remain in force for the duration of the work.

This is particularly important if you’ve chosen to move out of your house for the duration, as most insurance policies stipulate that someone must be staying on the property to reduce the risk of burglary. If you wish to leave the house unoccupied, make sure to clear your decision with your insurer.

Extensive renovations might even require a reclassification of your policy. For example, if an exterior wall is being replaced, or some of the roof taken down, then your home might have to be considered a ‘building under construction’ rather than a ‘family dwelling’ during the process.

It’s vital to make sure that any renovations are pre-approved by the necessary authorities, as your insurer could deny your claim further down the line if it’s found that the alterations do not conform with legal and building standards.

Use a reputable and licensed contractor – it may even be worthwhile speaking to your insurer’s claims department for recommendations.

Homeowners may place themselves at risk of having a claim turned down if the work is not

Next issue:

RE_August2015_PracAdvice9+10_.indd 86

carried out by a licensed builder and it later deteriorates or collapses.

Check that the contractors you choose are properly insured. They should carry enough cover to fix any damage they cause or even for the total loss of the house arising from their negligence. Put this agreement in writing to back you up in the case of potential liability.

Ensure that the company has insurance for its workers, too, so that you don’t risk being held liable for any injuries they sustain while on your property – and even if it does have such cover in place, it may be worth reviewing the amount of liability cover you have, just to be safe.

It’s also a legal requirement for the building owner to compile a Health and Safety file that contains information about any risks on the property that need to be managed.

Finally, once the renovations are complete, don’t forget to review the amount of cover you’re carrying. If you’ve made significant changes to the home or added more expensive interiors, such as marble countertops or a new stove in the kitchen, then you must inform your insurance company of these upgrades. It might even be worth having the insurer conduct a new valuation of the property and adjusting your premiums so that you’re always fully covered.

EXTENSIVE RENOVATIONS MAY REQUIRE A RECLASSIFICATION OF YOUR POLICY

What to look for in an estate agent; tips for buying a home in a sellers’ market

2015/07/15 3:41 PM

DREAM HOME

MIAMI

One of only seven coveted bayfront estates dotted along the edges of beautiful Biscayne Bay in the heart of Miami’s financial district, this designer family villa boasts strong lines and bold colours in a modern interpretation of the Mediterranean architectural aesthetic.

It has eight spacious bedrooms, nine bathrooms, an eat-in kitchen complete with top-of-the-line fittings and appliances, and a formal dining room. The landscaped grounds feature a comfortable self-contained guesthouse and tennis court, and the numerous outside entertaining areas all have expansive terraces that open to incredible vistas of sea and sky. The property is listed with One Sotheby’s International Realty and is on the market for $19 million (onesothebysrealty.com, reference 2999 Brickell Ave).

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Text Jocelyn Warrington Photograph Supplied

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