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Message from the Managing Director
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Dear Friends, Property Investors and Enthusiasts
August has been an exciting month with Local Elections and the Olympic Games taking place in the same month! We are extremely proud of the 10 Medals the South African athletes brought home – with all hail to our top achievers Wade van Niekerk and Caster Semenya bringing home the Gold!We’re a sporting nation and when we see our sportsmen and women achieving success it always seems to spark positivity in the air, which helps to bring South Africans closer together!
On the political front huge change is taking place, with the majority of people who made their voting mark and only a few citizens choosing...
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Featured Residential Developments
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The few remaining units in our Ponders End development in Helderkruin have now been sold, and we expect the last of the transfers to take place during September 2016.
With Renico Earthworks & Civils being appointed to clear the site and to also attend to the Earthworks of the new Wilgeheuwel Curro Private School (which is just up the road from our Park Royal development currently under construction), we have definitely seen a great increase in residential sales. Last weekend alone 15 new home buyers signed sales agreements and took the first step towards owning their own home. We are on schedule to hand over this site for occupation on 1 December 2016. You could also be in your own home by the December holidays this year if you buy now!
All our rental developments are also making good progress. We have seen a large number of rental units being secured in our Lucca development (with 89 units) in Potchefstroom. The 2 Bed/2 Bath units there are being let from R5 950 per month. At our Crystal Park development, which will be ready for occupation in mid 2017, the 2 Bed simplex homes will be let from R4 750 per month! The re-development of the Georgian Centre in Lindhaven is also well underway and the 1 Bedroom units will be released onto the rental market from R3 500 per month. The first occupants will be able to take up residence there on 1 October 2016.
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New Residential Complex in Honeydew
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Currently under construction and ready for occupation on the 1st of December 2016. The 1st phase comprise of 18 apartment-styled units, all of which will be let to tenants from date of completion. All apartments ...
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Affordable Housing
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We have commenced with the construction of the 202 units in our Ascot site in Crystal Park X67 and these units should be ready for occupation by 1 May 2017.
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New low maintenance residential estate in Crystal Park.
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Ascot is our first development in Crystal Park, Benoni. The residential estate will comprise of 202 simplex homes which will all be let to tenants upon completion. The security estate will offer a number of 2 bed, 1 bath as well as 3 bed, 2 bath homes all fitted with ...
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Featured Commercial and Industrial Developments
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We have completed the Aero Park site in Lanseria Corporate Estate and we now have six 1500m² warehouses ready for immediate occupation.
We also commenced with site clearing and earthworks for our new speculative warehouse of 22,000m² on Kya Sand Ext 113. This site is situated on the corner of Malibongwe and River Road, enjoys excellent visibility and is now ready to be SOLD or LET.
Erf 215 Laserpark is also nearing completion and Mpumelelo Shopfitters& Aluminium (who purchased the 1737m² building) will have taken occupation of their new Head Office there by 25 August 2016.
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Industrial Developments
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New warehouse in Kya Sand
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New premises being developed on Malibongwe Drive, Randburg. The warehouse will be ideally suited as a distribution centre due to it being in close proximity to the N1 and N14 highways. The extra high eaves ensures maximum vertical storage space. The entire building will also be fitted with a centralized ...
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Property Q & A: Replacement Value vs. Market Value.
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What is the difference between property ‘replacement value’ and ‘market value’?
Replacement value
This is the current cost to replace a building, i.e. to reinstate a property to its original state if completely destroyed.
It excludes the value of the vacant land itself. The replacement value is usually determined by adding the estimated cost to replace the buildings (contract price), professional fees and demolition...
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Services to our sites in the Randpark Ridge X126, X140 and X105 townships are nearing completion and our Kingswood complex of 150 units, to be developed on Randpark Ridge X125, will be launched at the end of September 2016. Occupation is set for mid 2017. We will once again be developing our trademark 2 Beds/2 Bath apartment style units that have proven to be ideal not only for the home-owner, but also for property investors.
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R810,000
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2 Bedroom Duplex For Sale in Wilgeheuwel
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Currently under construction and if purchased soon, choices of tiles, kitchen cupboard colours and carpets may still be made. The ...
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R60 per m²
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2,985m² Building To Let in Weltevredenpark
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An absolute gem worth taking a look at. These premises were completed late in 2014 and has once again become ...
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