Estate Living Magazine Invest SA - Issue 45 September 2019 | Page 35
P R O P E R T Y
&
I N V E S T M E N T
Pembury Fairland Kronendal Retirement Village
Pembury Finch Haven, in the upmarket suburb of Fairland in
Randburg, is small and intimate, and offers a secure environment. Set in the lovely seaside suburb of Hout Bay in Cape Town,
Kronendal Retirement Village offers independent-living houses
and apartments. With its wealth of restaurants and popular markets,
as well as the quaint Hout Bay Harbour, residents have a choice of
entertainment and social activities close at hand.
Accommodation: Eight cottages suitable for independent or
assisted living, and 34 mid-care and assisted-living suites and
rooms.
Assisted-living services: Laundry, housekeeping and three meals
a day are included in the monthly cost. Nursing staff are on duty to
assist with bathing, dressing and other needs 24 hours a day. Accommodation: There are 52 independent-living life-right
apartments and a 10-room care centre for residents who need
full-time care.
Size: Suites are approximately 20 square metres. Assisted-living services: There is a low-care package that
includes three hours of service for bathing, dressing, etc., as
well as the dispensing of medicines and therapeutic activities
sessions. Laundry, housekeeping and three meals a day are
included in the monthly cost.
Ownership model: The mid-care or assisted-living rooms (with
a basin, but no en-suite bathroom) are R15,000 per month to
rent, and suites are R18,500. Cottages are sold on a life-right
basis from R590,000.
pembury.co.za
Riverside Manor
Located on an expansive eight hectares in Sunninghill, Sandton,
Johannesburg, Riverside Manor offers river frontage, a secure
environment and a variety of amenities.
Ownership model: Independent-living two-bedroom, two-
bathroom apartments are sold on a life-right basis from R2.7
million. Monthly rental for the Care Centre rooms is from
R21,860.
cpoa.co.za
Accommodation: There are freehold homes and apartments,
as well as 26 assisted-living suites with spacious bedroom, en-
suite bathroom, kitchenette and lounge/dining area.
Assisted-living services: The assisted-living levy covers one
load of laundry per week, cleaning service, and three meals
a day. There is a 24-hour nurse call system and basic nursing
service such as general health monitoring in conjunction with
the resident doctor, daily bathing and dressing assistance and
administration of medication.
Size: Assisted-living suites are approximately 34 square metres.
Ownership model: Assisted-living suites are sold on a life-right
basis from R830,000, but they are currently full, with a waiting
list. The service levy is R21,508 for one occupant, with a second
occupant paying from R10,582 per month.
riversideretirement.co.za