Rawson Auctions in the Western Cape will on 23 July auction a lifestyle country estate located in Devon Valley and a home in Ottery in Cape Town.
A 3.8ha lifestyle estate in Devon Valley offers a main house with three bedrooms as well as a cottage and staff quarters. It will be auctioned on 23 July. Click here to view.
The auction will take place at 12 noon at 222 Main Road in Rondebosch, Cape Town.
Tanya Jovanovski, co-franchisee for Rawson Auctions in the Western Cape, explains that the demand for lifestyle properties comes from successful senior managers who have grown weary with business and professional life.
Young entrepreneurs are also showing a keen interest as they somehow manage to arrange their lives so that they can continue to foster their careers while living in the country.
Some have small offices on their country estates from which they and two or three staff operate, she says.
The Devon Valley lifestyle estate measures 3.8ha estate in the very attractive Winelands precinct that borders the Stellenbosch area.
The main house has three bedrooms and four living areas, including a separate dining room and a lounge.
One of these areas could be used as a bedroom. There are also two and a half bathrooms, a guest toilet, a swimming pool and a double garage.
She says the property is currently tenanted and the tenant pays a rent of R13 500 per month and the lease will run through until March 2015.
Also on the property is a three bedroom cottage with undercover parking. This has recently been re-leased. Leases are available for inspection.
This two bedroom family home in Ottery, Cape Town, will be auctioned on 23 July. Click here to view.
The only other building on the farm is a labourer’s cottage, the occupant of which helps maintain the property in return for being allowed to live there.
“Some of South Africa’s most famous wineries are located in or near Devon Valley and with 3.8ha this property is the ideal size for the cultivation of a boutique vineyard or olive grove.”
Another property to be auctioned on the day is a home in s Ottery Cape Town.
Jovanovski says coming off a low price base a decade or more ago, Ottery has now become a sought-after and increasingly valuable area with prices rising some 10 percent year-on-year.
According to data supplied by the Rawson Property Group’s residential franchise in the area, the average sectional title sale price is ± R600 000 and the average freehold sale is close to R900 000.
These figures have been multiplied by a factor of three since the 2003-2005 period, says Jovanovski.
She says the home for auction offers two bedrooms with wooden floors on a 214 square metre plot at Pine Close in Ottery.
The home has an open plan living and dining area, a neat kitchen and bathroom, a carport (protected by a lockable sliding door), a built-in braai, a Jacuzzi and a small garden.
Rent for a property of this kind in one of the more prestigious regions of Ottery, says Jovanovski, could be in the region of R7 000 per month.
“The chances of significant capital appreciation from here on are very good indeed – Ottery is an area where prices are taking off and where demand exceeds supply.”
Print
