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R2,997,000

Monthly Bond Repayment R28,427.05
Calculated over 20 years at 9.75% with no deposit. Change Assumptions

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Monthly Levy
R5,563

Plot and Plan Opportunity in Luxurious Retirement Village - The Somerset

The Somerset is the most Exclusive Luxury Retirement Village in Somerset West.

The Estate is situated at the foot of the Hottentots Holland Mountains with spectacular wraparound views in the most serene setting.

Somerset West offers every Retiree an unsurpassed lifestyle, from popular Wine Farms, Award-winning Restaurants and renowned Golf courses.

The Somerset is conveniently located close to all local amenities, shopping malls, excellent hospitals, golf courses, sports facilities and every manner of outdoor activity.

The Estate has a stylish Clubhouse with gym, library, conference room & chapel.

The 2 Key Features of the Estate of the On-Site Health Care Facility and Security on Offer:

HEALTH CARE:
The Somerset offers a variety of quality care packages to suit your needs and budget – all of them including home visits, catering, daily monitoring and sick bay days. Some Key Features include:

An onsite Healthcare Facility, which is World Class and open to all residents
The Frail Care Centre, which is operated by CPOA
A Call4Care Facility, which is a "help at the touch of a button" service offered 24/7.
Bonus: The Estate is situated within 2km of from Vergelegen Mediclinic and the many Medical Professional Offices situated at the Hospital Premises and surrounds

SECURITY:
State of the art 24-hour security & access control systems are a key feature throughout the Estate and include:
• 24-hour security
• Biometric Security Screening
• Manned guard house
• Electrified perimeter fencing
• CCTV security cameras
• Drive through patrols
• Strict Access Control with Internal Telephone used for Visiting Guests
• All units are equipped with mobile personal response buttons for total peace of mind.

There are Several Housing Options in the Somerset, you can either:
1) "Buy a plot and Build" a Freehold Home in a conventional Plot and Plan approach on plot sizes ranging from 400 sqm to 800sqm+

OR alternatively:

2) Purchase Life Rights (Apartments or Cottages)
- A Life Right purchase is a transaction where you and your spouse/partner, as the nominated occupants, attain the right to live in a particular house for the duration of your lifetime. After this point, your capital is returned with an additional profit share, depending on the options chosen.

When you decide to purchase a Life Right apartment or Cottage, you have the comfort of a secure return on investment without the hassle of having to worry about:
Rates & Taxes
Homeowners Insurance
External Home maintenance
Safety and security
Access to on-site health care services and facilities

ESTIMATED PRICE RANGES:
* Life Right Apartments: R2 078 000 - R4 186 000
* Life Right Cottages: R3 361 000 - R4 703 000
* Freehold Homes: R5 092 000 - R13 813 000

Note on Pricing:
The Price of R 2,997,000 quoted is ONLY for the ERF or cost of a Plot. The Build Price of the Home is over and above the cost of the erf/plot.
Plot Sizes and Plot prices ranges vary (from R3m to R8M) etc.

NOTE: THE PICTURES ARE AN ILLUSTRATIVE EXAMPLE OF WHAT CAN BE BUILT. YOU ARE ONLY LIMITED BY YOUR IMAGINATION.

Dennegeur, Somerset West

Somerset West has a broad range of property and real estate on offer including houses, golf estates, wine estates, country estates, coastal property and holiday accommodation. Somerset West is only 40 minutes drive from Cape Town and in the heart of the winelands. Golfers are spoiled with four magnificent courses including Erinvale Golf Estate. Spier and Boschenmeer Golf Estates are also nearby. Somerset West...
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
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Monthly Payment

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