Estate Living Magazine Alfresco Living - Issue 36 December 2018 | Page 8

Oasis Life Clara Anna Fontein, which will comprise a total of 125 Why life rights?
homes, forms part of the prestigious Clara Anna Fontein Estate. This Cohen says they had investigated different financial models and
means that life right residents will also have access to the spectacular believe that life right, which provides the purchaser with the legal
Clara Anna Fontein Lifestyle Centre with its dining room and coffee right to live in a home for as long as they and their nominated
bar, lounges, meeting rooms, a restored 18 th -century Manor House, partner/spouse are alive, offers buyers the greatest benefits and
a fully equipped gym, two tennis courts, a squash court and a solar- financial flexibility.
heated 25m swimming pool.
‘One of the biggest pros for purchasers is that most of the day-
Homes will vary in size between 101 and 273 square metres, to-day worries and hassles, such as maintenance and insurance,
including garages and under-cover patios, with prices ranging from will be handled by professional management teams,’ he explains.
R2.3 million to R5.5 million. ‘Purchasers also have more certainty about levies, and won’t face
the shock of a special levy at any time.
Construction is expected to start by the end of the year, or early next
year, with the first handovers scheduled to take place during early ‘Also,’ he emphasises, ‘the developer is in it for the long haul. By
2020. retaining ownership of all homes as well as the common property,
it is in our interest to maintain the village and its facilities to a high
standard. As such, the interests of residents and the developer are
aligned.’
Cohen said the group has extensive hospitality experience,
including owning and running top-notch hotels, and its specialised
hospitality division would ensure the successful operation of all their
retirement villages.
Johan de Bruyn – Louw & Coetzee 082 881 2011
claraannafontein.co.za
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