Consumption of water and electricity is separately metered for each developed property and depends on individual usage. For units permanently occupied the average metered water consumption is R180 per month and average metered electricity consumption R900 per month.
Investors are not encouraged to rely on rental income to service a bond as the rental income may fluctuate for a myriad of reasons.
Yes. The Estate runs a rental service for owners on the Estate. The costs are 15% commission and the current housekeeping cost for arrival, daily and departure services. The allocation of units for rental is on a rotational basis unless [...]
There is a panel of architects that are familiar with the Estate requirements that you may choose from. You may introduce your own architect whose plans must be submitted to the Estate’s architect for scrutinising and approval at the owner’s [...]
There is a panel of builders from which you may choose. You may introduce your own builder who will have to undergo a screening process and will be required to comply with the various HOA criteria to be accredited to [...]
Yes, the exterior of the building must comply aesthetically with the Architectural Guidelines. There are a series of concept plans available on the website which may be amended in consultation with the architects on our panel to suit your needs.
FAR is all the living area of the house and excludes the garage and verandas. If there is a staircase this area is counted only once. Coverage is the measurement of the “bird’s eye view” of the roof of the [...]
The size of the development on a stand is linked to the size of the stand whereby the FAR allowance is limited to 30% and the Coverage limited to 0.3. For e.g., an average size stand of 500 square meters [...]
The property rates due to the Ray Nkonyeni Municipality (previously Hibiscus Coast) are linked to the values of the properties. For developed properties these currently range from R7’000 to R12’000 per annum and for vacant stands these currently range from [...]
Maintenance costs of these units are not included in the levies. The HOA management are available to assist owners with arranging maintenance and may facilitate this maintenance on behalf of owners at the owner’s cost.