With a huge pent-up demand for retirement accommodation in South Africa – particularly with quality medical facilities on site – the availability for purchase of three separate leading frail care centres in upmarket retirement villages and three individual two-bedroom units offers lucrative investment opportunities for the savvy buyer.
So says MC du Toit, CEO Auctions and Sales for BidX1 South Africa: “These and other well-positioned investment properties are up for sale on our next on-line property auction on 4 December (2019).
“All three centres will be sold separately and then together, while the three two-bedroom units – which are located in Villa Cortona Retirement Village in the Cape - will be sold individually and completely separately from the frail care centres. All bids received, whether on an individual frail care centre or on all three, will be presented to the trustees.
“The frail care centres are in Villa Cortona Retirement Village in Graanendal Estate, Durbanville; in Fontaine Bleau Retirement Village in Welgelegen; and in La Vie Est Belle Retirement Village in Bonne Sante Bulding in Sonstraal Heights – all in Cape Town’s burgeoning Northern Surburbs.”
The three retirement villages have a combined total of 88 beds. With views to Table Mountain and over Table Bay, Fountaine Bleu Retirement Village facilities include lounges with fireplace, ladies bar and a library, among others. Villa Cortona Retirement Village includes a coffee shop, laundry, ladies bar and gym.
Tenanted mixed-use building in Durban North
Adds du Toit: “We have a good mix of properties on this forthcoming auction, a very notable property being a fully-tenanted, mixed-use building with retail and office space, ideally positioned on the corner of Kenneth Kaunda Road (formerly known as Northway) and uMhlanga Rocks Drive in upmarket Durban North, KwaZulu-Natal.
“With an opening bid of R27 million, this building in prime position with high exposure is in excellent condition and yields a gross rental per annum of just over R5 million, making it an ideal investment proposition. The gross lettable area (GLA) is approximately 2 000sqm with potential to create additional space.”
Other properties on auction include a beautiful four-bedroom home in sought after, secure and pet-friendly Stonehaven Estate set against a backdrop of Silvermine Mountains in Cape Town’s Southern Suburbs. With an opening bid of R3.2 million, the spacious property includes two bathrooms, two lounges, two garages, swimming pool, wooden deck with braai area, garden, automated gates and an alarm system. Surrounded by fynbos, Stonehaven Estate seamlessly integrates with Table Mountain National Park, a haven of natural beauty for wildlife and residents alike.
Also in Cape Town and with an opening bid of R700 000 is a 69sqm, sectional title open-plan modern penthouse apartment in the Circa Luxury Hotel in Roggebaai Square in the central city area – in walking distance of most amenities including shops, gym, restaurant and hospitals. The unit is part of a rental pool.
In Muizenberg, a well-positioned two-bedroom apartment in a high demand area goes on auction with a reserve price of R1.5 million. With two bathrooms (one en-suite), secure underground parking and an open-plan lounge and kitchen area, the unit is situated in a well-maintained block with its own variety of restaurants and shops, and with further trendy restaurants a short walk away.
Muizenberg is a popular beachside suburb renowned for its world-class surfing spots, warm water and Blue Flag Beach status.
In Johannesburg, up for auction and being sold together as one lot are two adjacent properties with great redevelopment potential situated across the boundaries of Linksfield and Orange Grove in the north-eastern parts of a well-established mixed-use node only 10km from Johannesburg CBD. The first in Orange Grove is a part double-storey dwelling converted into an office building with a ground floor GLA of 320sqm and basement of 300sqm – including a reception area, kitchen, five offices, large walk-in safe and bathroom facilities. The Linksfield property provides parking for the above office building and also includes a small storeroom with transformer room. Both properties are fully secured with a boundary wall and remote-controlled entrances.
Also in Johannesburg, in the popular suburb of Noordwyk in Midrand, and with a reserve price of R2.5 million is a six bedroom (three en-suite), four bathroom home which includes two granny flats and staff accommodation, swimming pool and lapa. The property is close to amenities, including shopping centres.
And just 20 minutes from Parys, an appealing lodge-style home in secure River Lodge Estate on the Free State side of the Vaal River is on auction with an opening bid of R200 000. Easily accessible from the R59 and less than an hour’s drive from Johannesburg, the property is well positioned just downstream from the historic Vaal River Barrage. Comprising 245sqm, the home includes four bedrooms, two bathrooms and a Jacuzzi – with a quad bike and speed boat included in the sale, while estate features include a swimming pool, tennis court, lapa, picnic area, quad bike track, duck pond and various game and wildlife.
Bidding was brisk on BidX1’s recent auction held on 6 November, says du Toit, with various lots receiving 148, 80 and 48 bids respectively as eager buyers competed to secure their desired properties.