Perfect Investment!!!
Clover Hill - Bronkhortsbaai!!!
Private Club - Shareblock!!!
As a buyer of a share in a share block scheme you do not own the apartment or section you intend to occupy. The property is registered in the name of the Share Block Company. You merely buy shares in the Share Block Company, and by obtaining these shares you acquire the right to occupy the apartment in question. Your rights and duties are regulated by the share block company''s Memorandum and Articles of Association, and by a Use Agreement between you and the company. In addition to shares, purchasers also buy an ''allocated loan'' which means they actually take over a portion of the liability of the company, which is paid through their monthly instalments. The deposit that a shareholder pays on a share block is paid into a trust account and the shareholder is entitled to the interest on the sum from the date of payment to the date of occupation. Purchasers have the right to pay the balance in full at any time. One of the downfalls is if the Share Block Company is declared insolvent, you may lose the rights to your portion of the property.
Stunning house,
Furnished,
3 bedrooms, En-Suite - Shower, basin, Toilet
Main bathroom Full,
Spacious kitchen, lots of cupboard space, gas stove,
Lounge - open plan
TV room - open plan
Dining room - open plan,
Guest toilet,
Patio, overlooking the dam,
Cupboards built in, in the passage,
Massive store room under the patio, tiled as well.
Pre paid electricity
R 2000 levy, includes water, extra watercraft, boathouse and standard levy,
If no boathouse, extra watercraft +- R 1400
Call me today to arrange for your private viewing!