Exclusive Life Rights Residence for Seniors – Secure & Comfortable Living This unique life rights residence offers a secure and enriching environment for seniors seeking independent living with the added benefit of guaranteed access to frailcare services when needed.
Key Features: Fixed Purchase Price: The life rights purchase is R877,500, with an additional R19,101 in attorney fees (Herbie Oosthuizen Attorneys), totaling R896,601. The purchase price remains fixed, regardless of how long the resident occupies the unit.
Resale & Financial Return: Upon resale, 80% of the original purchase price is repaid to the buyer or their estate, plus 12.75% of the net profit from the new sale. The resale price is determined at current market value, with an annual escalation applied.
Comprehensive Monthly Levy: The monthly service fee covers all essential services and escalates annually (April 1) to account for inflation, service costs, and rising food prices.
Direct & Immediate Access to Frailcare: This is the only way to bypass the extensive waiting list (over 300 names) and secure immediate access to our exclusive 16-room frailcare ward, where each room includes a private en-suite bathroom— a rare feature compared to most facilities where bathrooms are shared.
Quality of Life & Community Benefits: Safe & Supportive Environment: The residence provides a secure setting that offers peace of mind to both residents and their families. Social Engagement: Enjoy access to a communal lounge, library, and dining room, fostering a socially active and fulfilling lifestyle. The monthly levy roughly includes the following and escalates annually on April 1: Lunch every day of the week (additional meals can be ordered, prepared in the apartment’s kitchenette, or ordered from the kitchen) Apartment cleaning once a week Daily garbage removal 24-hour access to medical assistance Panic button Assistance with medication administration Laundry service Pastoral care Security Social program Water and electricity DSTV package Medical Evaluation & Care: Prospective buyers undergo a medical evaluation to ensure they are independent and do not require 24/7 frailcare at the time of purchase. Monthly Levy: R9,720 per person (or R16,500 per couple)
This residence is ideal for independent seniors who value comfort, security, and future medical assurance.
For inquiries or to schedule a viewing, feel free to reach out.
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Disclaimer: While every effort will be made to ensure that the information contained within the Jawitz Properties website is accurate and up to date, Jawitz Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
