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