Monday, June 30, 2014

Western Cape, Robertson - R2,430,000

Beautiful home in the Golf Estate Village with stunning finishes. Open plan kitchen (with scullery) leads into living area. The living area leads out onto a wrap around patio with pool. Breathtaking views of the mountains and ponds of water around the property. Top floor consists of a small lounge/TV room and 2 bedrooms with 2 bathrooms. Bottom floor houses the living area and one bedroom with its own bathroom.

Tony Granger: (082) 771-4669 / (023) 626-3821

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Alberton, South Crest - R2,500,000

Crystal Palace offers 4 Luxury bedrooms (all en suite), pajama lounge and Patio upstairs. Downstairs, 2 Lounges, separate diner, Superb Modern Kitchen with a separate Laundry and scullery. Study, guest loo and Triple garage. Glorious patio’s upstairs and downstairs with built in braai plus panoramic views Divine.

Tony Gunning:  (073) 313-5034 / (011) 867-6255

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Thursday, June 26, 2014

Winter is the time for home - ERA

Gordons Bay - R3,965,000

Magnificent family home with awesome views of the ocean and mountains! Accommodation includes 5 bedrooms, (mes) with 3 other bathrooms. Two kitchens, one large & one smaller. This home also has 2 studies, 2 lounges, my personal favourite - a man cave together with dining room & lovely entertainment area with built in braai on balcony. Good flow from living areas onto balconies. Large & lovely pool. Double automated garage & extra single automated garage. Separate entrance in cul de sac!

Catherine Milligan: (079) 270-8890 / (021) 851-1969

Letting activity and escalations drive Octodec Investments results


Octodec Investments MD, Jeffrey Wapnick says the increase in revenue was mainly due to contractual escalations, letting efforts, the recovery of utility and assessment rate charges as well as an increased focus on energy management initiatives.Octodec Investments MD, Jeffrey Wapnick says the increase in revenue was mainly due to contractual escalations, letting efforts, the recovery of utility and assessment rate charges as well as an increased focus on energy management initiatives.

Real estate investment trust, Octodec Investments on Tuesday reported that it had increased its distribution to shareholders by 12,6% to 88,60 cents per linked unit for the six months ended February 2014.
The performance was underpinned by positive contractual escalations, letting efforts, the recovery of utility and assessment rate charges as well as an increased focus on energy management initiatives, said the company.
Octodec primarily invests in the retail, industrial and office property sectors, with a growing exposure to residential property.
Commenting on the interim results, Jeffrey Wapnick, Managing Director said the company outperformed expectations delivering a 12,6% growth in distributions even though trading conditions and consumer confidence remained subdued.

Rental income and net rental income increased by 8,2% and 12,2% respectively, compared to the prior interim period. Due to greater efforts on credit control, bad debt write-offs and provisions during the period were 1% of total tenant income and arrears and doubtful debt provisions remained at acceptable levels.

Vacancies, including properties held for redevelopment, amounted to 15,4% of total lettable area compared to 13,6% at year end. As anticipated, a number of properties under development or those recently upgraded, attracted high vacancies. Octodec was successful in letting a number of properties that had been vacant for a considerable period.

“We are very proud to have achieved a 0,3% vacancy rate for our retail shopping centres. Killarney Mall, the company’s flagship centre maintained vacancies at below 2% of gross lettable area following a successful recent upgrade.” added Wapnick.

During the year, Octodec completed three major projects with two projects still under construction. The total cost of the projects is approximately R189,4 million of which R110,9 million had been spent by 28 February 2014.

The projects include the redevelopment of the abandoned and dilapidated Medical City in the Johannesburg CBD into a college with residential accommodation which was occupied in November 2013; the upgrade of Time Place, a residential property in the Pretoria CBD as well as various upgrades and the construction of additional units in the Johannesburg CBD.

The Fund is upgrading a number of residential properties in the Johannesburg CBD, including Essenby, and is also completing the redevelopment of Bosman Place, at a cost of R106,4 million.

The company also increased its investment in associate company IPS Investments to 50%.

Octodec’s loan to value ratio at the end of the period improved to 33,8% of the investment portfolio’s total value from 35,9% at year end. Interest rates in respect of 57,6% of borrowings were hedged, maturing at various dates in 2017 and 2018. The average weighted interest rate of all borrowings is 8,4% per annum, with unutilised banking facilities exceeding R228 million.

“We expect growth in the local economy to remain subdued and barring unforeseen events, anticipate that the percentage growth rate in distributions per linked unit for the second half of the year will be in line with what we achieved in the first half,” Wapnick concluded.
The Wapnick family are the architects behind Octodec as well as sister company Premium Properties Limited, which are both listed on JSE.
Octodec and Premium converted into real estate investment trusts (Reits) in September last year and are in talks to merge into one listed entity. Mr Wapnick could not provide further details on the talks for legal reasons.

We are proud to announce the new ERA Franchise- ERA Centurion!

Stephen De Klerk
Stephen studied Civil Enginering in Bloemfontein and has worked in the construction chemicals and concrete rehabilitation and repair industry for the past 20 years. He has always been working in positions where he had to introduce new companies and imported construction chemicals. For the last 8 years he has been working for an International Chemical Company and as a Business Segment Manager it has been his duty to establish new divisions in the company introducing new products and training sales executives in successfully running new divisions. People are his passion and he believes in uplifting people to become the best they can be in their field by concentrating on their strengths and weaknesses and motivating them to always strive for excellence. Business management and strategic planning forms a big part of his duties and he works very closely with business coaches. He believes in constant goal setting and performance appraisals in close relationships with sales people whom he oversees. Buying into ERA REAL ESTATE is a new challenge in a different field but the principals of what he believes in stays the same.

Lizette De Klerk
I studied to be an Executive Secretary at the Technikon of the Free State. My first appointment was at an Attorneys' firm doing conveyancing and I continued doing that for the next 17 years. I attended to registrations of transfers (freehold, sectional titles, estates, developments, etc) as well and bonds (for FNB, ABSA, NEDBANK and STANDARD BANK). I decided to move onto something different but still in the property business and started working for Private Property for approximately 2 years. In January 2012 we moved from Strand to Pretoria and I started working for ERA REAL ESTATE Pretoria East. I was part of an amazing team and worked under the Mentorship of the most amazing principle to work for, Elrieta Jacobs who inspired me in the way she runs the business and strongly encourages people to constantly work according to a plan and to have goals and visions to work towards. I have always had a dream of giving away a house and thought that working as an Estate Agent I might need a bit more help in achieving that and we decided to buy a franchise of ERA REAL ESTATE because I love the brand, support and the people I have come to know. I am working towards ERA REAL ESTATE CENTURION giving away a house at the end of 207.

Wednesday, June 25, 2014

Single Residential For Sale in WESTCLIFF Hermanus - R2,900,000

GRAB THIS OPPORTUNITY TO VIEW... and then to buy! Walking into this luxury home the words that come to mind are 'Spacious and Immaculate'. The living areas flow through undercover verandahs to a lush, well established garden with a designer pool. Ideal for an extended family or 'Work from home' Professional with separate 2 bedroom 'Granny' cottage and large multi purpose studio. Three garages with a paved courtyard complete the picture.

Beverly Newenham: 082 977 9219 /(028) 312-1102