[SPONSORED] A wholesome back-to-nature style of living is the ethos of the estate. Moneyweb property propertyinvestment
SUREN NAIDOO: Hello, welcome to this special Property Podcast. The development boom on the KZN north coast continues, partly due to the semigration trend and more people now working remotely. Many new projects are in the works on this coastal area of South Africa, and one of the latest to be brought to market is Fairview Estates. It is located on an expansive track of farmland, and the development is focusing on traditional farm living, so a sort of farm-themed residential estate.
I’ve got friends who always told me how they used to love coming out to the farm, and it happens to be a particularly attractive, beautiful farm. The other interesting thing about it is they are registered agricultural farms. They’re not really residential at all. The minimum size is a two-hectare property which is 20 000 square metres.
In my original idea of smallholdings, I was going to have 15/20-hectare smallholdings and just have people sort out their security themselves. SUREN NAIDOO: Thanks for that, Nic. Turning to semigration, how is Fairview Estates planning to leverage off this trend? Semigration is big in South Africa, particularly to the KZN north coast and several towns in the Western Cape. It was happening in South Africa even pre-Covid.
SUREN NAIDOO: Now that we are kind of post-Covid, many would say the pandemic has accelerated the whole work-from-home and remote-working trend too. I guess that bolsters the whole concept of semigration and what you are trying to achieve with your new development there, and maybe leveraging off it. Our domestic water is all borehole-fed and internal. We even provide irrigation to the farms. We’ve got an allotment which we give to each of the properties. So now we slowly start getting away from dependency. The last thing was septic tanks that are all on the properties, as opposed to relying on sewerage from service providers.
SUREN NAIDOO: Well, you are a farmer. I’m sure you are close to nature, but it also has a sustainability aspect there. It’s not necessarily an ESG [environmental, social, governance] thing for you. What you mentioned there was very interesting because I had a question around the whole self-sustainability [aspect] and that sort of thing. On that topic we’ll come back to semigration and the location.
I think we [have] currently 50 or 60 hectares of macadamias already in the ground, and many of our farmers have gone for that reward. We call them ‘farmers’; they are obviously farm owners and some will be farmers through the co-op, and some will be farmers in their own right if they want to do something else, and many of them are just farm owners in that they may just have a house and enjoy the grounds of a two-hectare site.
Obviously, the potential of earning some significant revenues, which will contribute to the living expenses over the years, is a great advantage and incentive for everybody. The other thing that has changed in Ballito is that industry has boomed in the area. There are many people moving up, even from Durban, coming north now.
NIC JORDAN: Yes. It’s always been my intention to develop the estate around where I live. I’ve retained a 20-hectare site in the middle of the estate, and I’ve already got some macadamias on it through the co-op, and I’ll be doing more as I remove the sugarcane, which is what’s on there currently. SUREN NAIDOO: Nic, what will make Fairview different from other farm-themed estates? I suppose you’ve already highlighted some of this, but not just what will make it different or what makes it different. What are some of the other facilities planned – either for the estate or [how] people buying in will benefit from the surrounding area?
In our MoI [memorandum of incorporation] on Fairview, the zoning must remain agriculture. It can’t be changed, unless by a majority vote of 75% of the membership.The estate is very focused on the joys of outdoor living. Image: Supplied There’s a lovely saying that there’s only so much beachfront property that’s ever made, and that you can never go wrong buying beachfront, even if it’s at a premium. I think a similar thing applies here – that there’s only going to be so many farming estates in the country, and I don’t believe there’ll be any more in our immediate vicinity on the north coast, which makes it a wonderful aspiration to grab a hold of while it’s available.
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