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Issue 48: April 2010 |
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| Foreword With Mark Taylor |
I have just returned from MIPIM, the world's largest property related expo held in Cannes, France. I can say that after attending the show for the 8th time, this year was better than the previous years put together! This is largely due to the DTI assisting with funding the South African stand. As a result, South Africa was able to showcase itself with a larger and more serious footprint. The South African exhibition was made up by four large property groups namely; Old Mutual Properties, Johannesburg Property company, Wesgro and the eLan Property Group.
While the networking opportunities were incredible, for me personally this year was a huge success. From a global perspective, yet another indication of the economic slowdown is the fact that the show normally attracts 28 000 visitors while this year saw only 18 000. A further dismal fact is that South Africa is not well positioned on the international radar as a property investment destination - a harsh reality but true. Globally, spending is overly conservative, even Europe is viewed cautiously by the UK because of the currency risk. However, due to its presence at MIPIM over the past 8 years, the eLan Group has shown consistency and tenacity. We are indeed serious about our product, our investment and the fact that we are determined to procure foreign investment for our product.
Globally there is spending power, there is money, in fact there is a lot of money but it's looking for a good home. Buyers are not spending frivolously; they are entering into well thought out purchases.
While in France last week I met with our funder for Blythedale Coastal Resort. All issues have been resolved and we are hoping to have our agreements signed in the next few days which means we will break ground soon on site!
And on a positive end note, the spending that is happening albeit conservative, is once more fuelling the property flame and starting to push the values upward.
Warmest Regards
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ONE WEEK TO GO - THE WORX ZONE LIFE HOTEL LAUNCH |
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| Office units priced from R499 000 |
| Hotel rooms priced from R1,3 million |
| Buyer Incentives for Investor Club Members at launch only |
| Guaranteed 8% Net Return on Investment for a three year period |
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| Johannesburg |
| Date |
Tuesday 13th April 2010 |
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18h00 |
Venue
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Growthpoint Properties
Head Office, The Place,
1 Sandton Drive, Sandton |
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| Durban |
| Date |
Thursday 15th April 2010 |
| Time |
18h00 |
Venue
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The Riverside Hotel,
Northway
Durban North |
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| The Worx Zone is a unique sectional title commercial development that combines state-of-the-art office space with a four star hotel component. The result: An irresistible investment opportunity which sees astute investors reaping the rewards on hotel and office rental returns. |
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| The Worx Zone Office |
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| Gives small businesses and entrepreneurs the opportunity to own a 25m² office module with access to a 650m² business centre. The centre includes meeting rooms, a boardroom, a refreshments counter, a business lounge and a centralised, upmarket reception area. |
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62 business modules / purchase options |
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25m² office space |
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Access to a 650m² business centre
(meeting rooms, boardrooms, a
refreshments counter and an upmarket,
centralised reception area) |
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Business hub offering multi-media and IT facilities |
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10% return currently experienced in the market place |
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| The Worx Zone Life Hotel |
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| Opportunity to purchase a 50m² unit consisting of two separate hotel rooms. The hotel component will be managed by hospitality management company Signature Life and include a restaurant and conference centre. |
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Four star |
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60-room hotel |
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50m² units consisting of two hotel rooms |
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Operated by hospitality group, Signature Life |
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Conference centre and restaurant |
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Guaranteed 8% Net Return on Investment for a three year period |
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30% deposit required on all purchases |
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Professional team: Growthpoint and Key Developments, The eLan Group, Signature Life, Bond Choice and Strauss Daly. |
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| As the first such hotel/office component strategically located in the plush Umhlanga Town Centre of KZN, owners of both facilities will have access to other Worx Zone developments across the country. This commercial development is an affordable investment opportunity where a fusion of like-minded, ambitious professionals will operate under one roof. |
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PROPERTY EDUCATION MODULE 6 - BANKS & BONDS |
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Because a property transaction is the single largest and most important transaction you will ever make, the law (and banks) are here to protect the public's rights and interest although at times it does not feel like they are helping at all!
The key provision of the National Credit Act (NCA) is that financial institutions are obliged to perform a thorough affordability assessment before granting credit to their customers. Therefore someone applying for credit has to prove their financial standing to ensure they can afford the loan. Under the NCA, the banks will generally offer you a loan where the monthly repayments are not more than a third of your gross monthly income, and you have sufficient disposable income (after all expenses paid) to service the loan applied for.
The key to applying for a bond successfully is to do it one step at a time, often with the assistance of a Mortgage Originator.
Click on the attached Property Education Module to find out more about calculating affordability, applying for a bond and being aware of the difference between a prime, variable, fixed and capped interest rate.
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It is with great joy to announce we have managed to secure a lease with the KwaDukuza Municipality for the Shakashead Community Centre. The lease sees the eLan Foundation as custodians of the new centre, in an effort to bring private, public and welfare organisations together in a unified mission.
The Shakashead Community Forum, newly formed, and coordinated by the eLan Foundation, seeks to provide a place of hope for the community of Shakashead through the provision of a centre that meets social needs, uplifts, educates, empowers and develops this community. Consisting of the eLan Foundation and members of ancilliary NGO's currently operating in and around the Ballito area, the vision for the Shakashead Community Centre is to create a centre of hope for the community, offering health and wellbeing programmes in an attempt to uplift the community of Shakashead one individual at a time.
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| Serving the community, the Centre will play host to the following operations: |
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Umuzi Wethemba KwaJesu - An HIV/AIDS based care group offering HIV/Aids testing and counselling as well as support groups. Administering ARV's and offering supplements. Home-based care is also part of the service for bed-ridden patients. |
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Pregnancy Crisis Centre - A counselling support group which offers advice and alternatives to mothers embarking on unexpected pregnancies. The PCC's aims are to teach expectant mothers about the options available to them and to help and support them through this difficult time through the donation of baby goods and toiletries. They advise on childbirth, breast feeding, AIDS, diet, baby care and offer a ministry. |
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Shakashead Ministry Feeding Scheme - The feeding scheme will cook for school going children in the form of a vitamin enriched porridge in the morning and an after-school cooked meal at 3pm. They will also be providing food for the crèche and will be supplementing the Umuzi patients who require home-based care. |
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KwaMama Crèche - The most vulnerable members of the community are the children who are left to their own devices during the day while parents go off to work. Those who are not yet school going will have the ability to come to the crèche, a safe haven during the day. The crèche's aims are to give the children a sense of pride, build healthy relationships, instil a sense of hope and teach basic life skills. |
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| Renovation work on the building and centre commences in April while organisations should be operating by May. If you would like to help in any way, please contact Melanie Clarkson on melanie@elan.co.za |
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Shakashead Community Centre Wishlist |
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Centre |
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Fence |
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Trees |
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Landscaping |
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Basic renovation |
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Shade |
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Creche |
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Shade for the outdoor play areas |
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Toys |
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Clothing |
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Playground with a fence |
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Positive message / educational posters |
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Music |
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Video machine |
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Sound system |
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Educational items and toys |
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Small tables and chairs |
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Small tables and chairs |
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PCC |
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Baby clothes (up to 12 months) |
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Towels and towelling nappies |
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Maternity wear |
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Baby products and toiletries |
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Blankets |
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Pregnancy magazines |
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Prams |
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Baths |
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Slings and pouches |
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Umuzi |
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Shade |
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Table & chairs for counselling room |
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Voluntary nurses |
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Food donations for home based care patients |
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Feeding Scheme |
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Cooking utensils |
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4 Big Gas bottles |
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Gas freezers |
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Gas fridges |
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Curtains |
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500 Plastic plates |
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500 Plastic cups |
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Wash basins |
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Wash buckets |
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Dry rations |
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Frozen meals for one |
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Medicine Boxes |
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The Simbithi Stables have recently been privatised and now offer a host of benefits to Simbithi residents with a more dedicated, hands-on approach. Owned and run by Sean and Emma Bradshaw, this couple has a love for horses which goes as far back as Sean enjoying Polo and Polo Cross as a young child living in Mooi River. The couple who moved to Simbithi less than a year ago were drawn to the Estate because of their love for the outdoors and the ability to "feel like they are living on a farm while we have the beach on their doorstep!"
Plans for the stables include a Community Centre with a riders lounge and honesty bar. While the stables are now available to renters outside of Simbithi, the aim is not to fill it entirely so as to prevent overfeeding in the paddocks. Future dreams include horse therapy and beginners riding lessons for children, together with pony parties.
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Stable To Rent |
R2800 pm |
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Includes stable, hay, shavings, feed and grooming three times a day. Horses are lunged on request, by one of the 2 dedicated grooms Lionel and Innocent. |
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Contact Emma Bradshaw | 083 601 3803 |
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Site 108 |
R820 000 |
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Direct from Developer - no transfer duty
1435 sq m
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Contact Simbithi Sales Office | 0861 002 001 |
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Site 737 |
R775 000 |
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Direct from Developer - no transfer duty
1323 sq m
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Contact Simbithi Sales Office | 0861 002 001 |
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| On an end note Emma comments |
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"Horses have brought us closer together as a family. We are all involved and we all have fun together in sharing our passion for animals. I love spending an afternoon on our patio overlooking the horses grazing peacefully in the paddocks, it's a dream come true!" |
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Field Rangers in action on Blythedale Coastal Resort, committed to ensuring environmental conservation of the land. |
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Field Rangers in action on Blythedale Coastal Resort, committed to ensuring environmental conservation of the land. |
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eLan Group supports Rotary Conference aboard the Sinfonia. Pictured here are Rotarians
Mr and Mrs Rizza with District Governer Nathi Moodley and Greg Cryer of the eLan Group. |
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Stay on top of the property game by following our weekly tweets.
Be a part of our Tweeple Gallery and join us on twitter now! |
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FORWARD THIS ON & EARN R10 000 |
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Get your friends to join the eLan Investor Club and have them referenced under you. Any property purchased and you earn R10 000 per sale!
Check out our Introducer Concept, its quick and easy so spread the word...
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