. . . . . Invest in a Karoo Lifestyle Property
Four investment options are available to potential buyers of holiday homes.
1. Historic homes on Resort Zone II stands
The three full-title stands with historic homes offer good value for money, plus the opportunity for restoration to the buyers’ preferences.
Plans for the restoration of this historic building were submitted to Heritage Western Cape and approved on 11 June 2014.
2. Full-title stands for new holiday homes
Nine subdivided full-title stands are available for the building of new holiday homes.
These new holiday homes are intended to have three-bedrooms. They are to be built according to pre-approved plans based on the approved architecture.
3. Historic cottage on one Resort Zone I Cluster
One historic cottage is part of the 12 Resort Zone I units. This cottage also offers the opportunity for restoration to the buyer’s preferences.
4. New holiday homes, tourist lodges or boutique hotels on two Resort Zone I Clusters
Eleven new holiday units can be built on two Resort Zone I Clusters. Four of these are to be two-bedroom units and seven are to be one-bedroom units.
Both these types of holiday homes also have pre-approved plans based on the approved architecture. (Tourist lodges and boutique hotels should be in line with the architectural guidelines.)
The prices of the 15 units on offer (12 full-title stands and 3 cluster options) cover the following components:
- The Resort Zone II stand OR one of the 3 Resort Zone I Clusters
- For the 4 historic homes, they are included in the pricing structure (3 on Resort Zone II stands and 1 on a Resort Zone I Cluster)
- Undivided shared ownership of the nature reserve common property with all the infrastructure thereon through the Homeowners Association
- All preparatory work completed
- Contribution to an Ecological Trust Fund (a development condition imposed by CapeNature)
- Contribution to a Job Creation & Training Trust Fund (a development condition imposed by the Western Cape Department of Agriculture)
- Contribution to the Road Maintenance Trust Fund
- Levies payable to the Homeowners Association for the first 12 months (for the operation, management & maintenance of the resort and the common infrastructure)
- Provision for the construction of the central resort facilities and other required additional infrastructure
Each homeowner will pay a monthly levy for the operation and maintenance of the common property.
The new holiday homes must use the specific pre-approved building plans that meet all the development conditions. The developers will be responsible for ensuring that all development and environmental conditions are adhered to.
(Page last updated 2018-11-29)