Description

TWO BEDROOM UNIT | LOCATED IN SOUGHT AFTER GLENZICHT RETIREMENT VILLAGE

Why to Buy?

- Two spacious carpeted bedrooms with built in cupboards
- Open plan lounge and dining plus fully fitted kitchen
- One bathroom with shower, toilet and basin
- One open parking plus visitors parking
- Outdoor communal garden areas with gazebo, table and chairs
- All extra in-house facilities listed below are available for the residents
- No transfer costs payable plus low levy of R1 500 per month

On Site Facilities include: 

24 Hour Security
Hall
Bible Study Classes
Church
Library
Dentist
Clinic
Nurse
Audiologist
Doctor
Hairdresser
Gym
Emergency Buttons
Squash Court
Laundry
Fir Alarm
Covered Parking
Private Post Box
Knitting Club
Wheelchair Friendly
Courtyard with Gazebo
Restaurant
Communal Dining Room

** Regrettably NO PETS allowed
** NO frail care facility available

ABOUT GLENZICHT RETIREMENT VILLAGE  

This complex is well sought after with a warm friendly community of residents. This Retirement Village is located in Oakdene and is beautiful with well maintained gardens, 24 hour security and is situated close to all amenities. Sold under Life Rights - for Persons Aged 50+ only.

Understanding Life Rights:

One advantage of a Life Right purchase is that there is no property transfer costs and no bond registration fees, no transfer duties and no VAT payable. Additionally, the Life Right holder is given a draft levy budget for the first three years of occupation which ensures that there are no hidden costs and allows the Life Right holder to financially plan accordingly. Life Right residents enjoy similar privileges to those in homes purchased by sectional or other title, only that the developer retains sole ownership of each unit and therefore carries the responsibility for external maintenance of the unit, the village and its facilities. This relationship therefore ensures that all facilities are regularly maintained, and no special levies can be charged to the Life Right Holders. When the Life Right terminates, through death or other circumstances, it reverts to the owner of the village, who is then entitled to resell it. Upon a successful resale, the estate receives the original Life Right purchase price along with a profit share and less the selling and refurbishment costs. Essentially a Life Right scheme can be viewed as a housing product, an insurance policy and a worry-free existence rolled into one.