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AREA INFO DURBAN BEREA OVERVIEW
That's the southern fringe of Greyville Racecourse - the north leads to Morningside,
where Florida and Windermere Roads are lined with Victorian cottages and buildings
restored to their colonial glory and transformed into trendy taverns, restaurants,
antique shops and decor- emporia. Your first encounter, though, will be a century-old
church housing Durban's newest theatre. Sympathetically restored by the retired
head of Natal University's Drama Department, Pieter Scholtz, the historically-listed
building now incorporates an auditorium, courtyard for outdoor performances,
bar and coffee shop. Named KwaSuka - from the Zulu equivalent of 'Once upon
a time...' regular productions include many award-winning fringe plays, plus
ongoing seasons of children's theatre and puppet extravaganzas.
DURBAN NORTH / UMHLANGA OVERVIEWOn the northern side of the city are the Umgeni River Mouth and the up-market area of Durban North. Just north of the city is Umhlanga, a popular holiday area noted for its fine beaches, surrounding environment and excellent leisure and shopping centres.
The area used to be part of a coastal dune forest system many years ago and provided sanctuary to a multitude of bird and wildlife species of which many can still be found in bird, marine, and wildlife preserves in and around the area today. This seaside resort of Umhlanga was originally part of the sugar estate of Sir Marshall Campbell, who introduced the colourful rickshaws to Durbans beachfront. When a track was made from Mount Edgecombe to Umhlanga Rocks, the area became popular with the local farmers who leased small plots on the shoreline of the ocean and built vacation cottages. In 1931 Umhlanga Rocks became a village and additional cottages, hotels, guest houses and stores were built. The first beach cottage, the Oyster Box, was built in 1869 and became the present day Oyster Box Hotel. The tin roof of this cottage was used as a navigational beacon, until the automatic lighthouse was built in 1953. The Natal coast is Great White Shark territory and in the late 1950s a number of serious shark attacks occurred, so in 1962 the first shark nets were erected. Now you can swim in safety and sunbathe on the glorious beaches.
NATAL MIDLANDSThe Natal Midlands and the Drakensberg
Country Properties There is, however, a wide selection of smaller country estates, mainly from 20 to 80 hectares in extent. These will be of particular interest to investors who may not wish to farm commercially but seek an easy-going country life-style in an attractive, well appointed property where they can relax and enjoy horse riding, fishing, hobby farming or just plain loafing. These properties range from quite modestly priced smallholdings to properties falling unashamedly into the category of "gentleman's luxury estate" In recent years the popularity of the Midlands Meander has also created an increased demand for properties suitable for use by artists and crafters or for conversion to country restaurants, guest-houses or wedding and conference venues. The high concentration of excellent private schools in the area has also motivated many parents to invest in property in the Midlands. Natal Midlands and the Drakensberg - The Advantages
Living in the Natal Midlands doesn't mean being cut off from the rest of the world. We're a mere four hours by car, (less than an hour's flying time), from the commercial hub of Johannesburg and only an hour's drive from the cosmopolitan port of Durban. Language is no problem either; English is universally spoken and state of the art information technology brings the world to our doorstep. So you see, when you invest in real estate in the Natal Midlands, you really can relax in old fashioned country comfort while you enjoy the best of both worlds! South African Real Estate is Cheap
Well, South Africa and more specifically, the Natal Midlands, is the place! The relative weakness of the South African Rand has reduced the price of good quality country properties, calculated in almost any other currency, to derisory levels. Here, in one of most beautiful and stable regions of Southern Africa, 50 acre smallholdings can still be purchased for as little as £30,000 and an investment of R200,000 will purchase an absolutely superb country estate! The range of properties for sale is extremely wide and given the price of such properties calculated in Pounds, Dollars or Euros, no one should be surprised that sales to overseas buyers, many of whom are youthful pensioners, are now at record levels. What could be better than spending at least part of the bitter European winter in the warmth and relaxed atmosphere of the Natal Midlands summer? It's cheaper, and a lot more fun, than staying at home! For foreign nationals there are few restrictions to purchasing property in South Africa. Purchasers who are not citizens and who do not have permanent residence may buy outright for cash. Applicants for permanent residence who can prove on-going income and verify that they already have funds in transit to SA may qualify for a mortgage bond for up to 50% of the value of a property they wish to buy. The vast majority of properties in SA are held under freehold title and the process of purchase is simple and quick. The contract is normally drawn by the seller's estate agent, although purchasers may also nominate a buyer's agent to purchase property on their behalf. Intending purchasers should be aware, however, that a written offer, once accepted by the seller, becomes a binding legal document. It is wise, therefore, to choose your agent carefully! The
cost of living and maintaining property in South Africa is comparatively low.
On transactions up to R500, 000 no transfer duty is payable. From R500, 001 to
R1,000, 000 duty of 5% of the value above R500,000 becomes payable and from R1,000,
001 and above R25,000 plus 8% of the value above R1,000,000 is payable. These
rates apply for sales to a "natural person" only and property registered
in the name of a company, close corporation or trust attracts duty at a flat rate
of 10%. In certain cases, such as the sale of a property and related business
as a going concern, the purchaser may escape paying either transfer duty or VAT.
Legislation now under consideration by Parliament may in future require that a
duty of 8% becomes payable on all transactions other than sales to a natural person.
These issues are complex and purchasers should seek professional advice before
entering into a contract.
There are currently no municipal or other land taxes on country property although such a system is proposed for implementation at some time in the future. Labour and maintenance costs are extremely reasonable by any other standards and our electricity is among the cheapest in the world. Many country properties already have reliable, long-serving, resident staff who are excellent caretakers and owners may therefore feel confident in leaving their properties untenanted for long periods of time.
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