Estate Living Magazine Invest SA - Issue 41 May 2019 | Page 17

P R O P E R T Y
&
I N V E S T M E N T
WHERE YOUR SAFETY AND SECURITY ARE ALWAYS
ASSURED 
We know how crucial personal safety and privacy are for our
residents, which is why we have a series of the most advanced
security measures available in place, including:
• professionally trained 24-hour on-site security and response
team
• internal access control
• state-of-the-art perimeter defences
• internal and external Smart Camera systems
• internal intercom systems within the Harbour Bay
community
• on-site concierge team
• smart village
The estate is owned, managed and operated by a three-tier
management structure:
•
•
•
•
unit levy
services levy
medical levy
food/entertainment levy
• studios: 39–51 square metres, from R1,765,000
• one-bedrooms: 54–70 square metres, from R2,265,000
• one-bedroom sleeper studies: 76–85 square metres, from
R2,875,000
• two-bedrooms: 79–118 square metres, from R2,999,000
• three-bedrooms: 131–141 square metres, from R4,389,000
• penthouses: 164–179 square metres, from R6,150,000
• garden apartments: 127–156 square metres, from
R3,999,000
• luxury villas: 260–325 square metres, from R8,750,000
LIVE THE COASTAL DREAM – YOU’VE EARNED IT!
A typical combined levy for a 118-square-metre two-bedroom, two-
bathroom unit with two parking bays will be approximately R7,200
per month in 2021. Annual escalations are set at 8% per annum.
Your independent lifestyle, health, wealth and safety are the
cornerstones of our unique, coastal luxury retirement offering.
Phase 1 is due for building during the fourth quarter of 2019.
harbourbayvillage.co.za
E
The levy structure is made up of four components:
• Ownership by owners through a sectional title body
corporate, with an elected board of trustees.
• Day-to-day management handled by an estate manager/
manageress reporting to the board of trustees.
• Managing agents appointed by the body corporate to run
all aspects of billing, enforcement of BC rules, letting of
individual units and legal affairs of the Village.
Harbour Bay Village offers a range of upmarket residential units,
catering for almost every purchaser's accommodation needs.