Exclusive mandate!
Peace and tranquility! Please have a closer look at this brilliant option!
Why is it a good bargain? The purchaser/s will enjoy the benefits of so much more!
This is a well-oiled functioning Close Corporation: There are 10 owners/shareholders each with a house on the 23-ha of which 2 are currently in the market. It is located next to Klein Kariba, Bela Bela, Limpopo.
Each house has a pre-paid meter installed and the size of most of the houses is plus-minus 90m2, or more.
The purchaser/s will therefore buy a tenth share (per house), and the house is then your "loan account"/security in the CC. Each house/owner buys a tenth share in the totality of the property and enjoy in the benefits of the communal areas.
There are no title deed or transfer fees, and all running costs are shared equally by the 10 shareholders. The benefit is...
Exclusive mandate!
Peace and tranquility! Please have a closer look at this brilliant option!
Why is it a good bargain? The purchaser/s will enjoy the benefits of so much more!
This is a well-oiled functioning Close Corporation: There are 10 owners/shareholders each with a house on the 23-ha of which 2 are currently in the market. It is located next to Klein Kariba, Bela Bela, Limpopo.
Each house has a pre-paid meter installed and the size of most of the houses is plus-minus 90m2, or more.
The purchaser/s will therefore buy a tenth share (per house), and the house is then your "loan account"/security in the CC. Each house/owner buys a tenth share in the totality of the property and enjoy in the benefits of the communal areas.
There are no title deed or transfer fees, and all running costs are shared equally by the 10 shareholders. The benefit is that it is a low-cost retirement/rental, or live-in property. It stays your property and can be inherited by someone you name in your will, or be sold to a next buyer.
PLEASE TAKE NOTE: ONLY CASH OFFERS WILL BE CONSIDERED AND PRESENTED TO THE SELLERS, because you buy a share (a house). The Board will make the final decision on all Offers presented and has a 21-day window to make a counter-offer. Although basic rules concerning the shareholders in a Closed Corporation are applicable (regarding decision-making and factors like general noise levels, ext.) - it is a very family friendly setting to invest into.
The concept was generated within a family, for family members and their ascendants - a well-thought-through concept for living, or retirement.
Most of the initial 10 shareholders have passed on, but the concept that they had left behind is still very vibrant and current. Some of the houses are rented out and one of the houses now on the market, is currently popular in earning a very good income from Lekker Slaap/Air B&B. Since the existence of the CC with the 10 houses, the family enjoyed happiness, tranquility, and peace, without any incidents of crime.
Pets are welcome here!
The Shareholders share in the benefits of the communal areas:
*Good security - total electric fencing and join in Klein Kariba security patrolling;
*Rental income on 3 Units (2x Rondawels and 1 Flatlet);
^Swimming pool;
*Lots of Fruit trees;
*All the additional available space on the 23 ha grounds for walking; and
*A borehole with strong water.
There may be an option for farming with chickens that were previously used for that purpose.
House 1: selling price: r1 075 000
beautifully renovated on b&b standard
the inclusion of furniture can be negotiated!
Inside:
*3 Bedrooms
*2 Bathrooms (main bedroom with ensuite)
*Beautiful Modern Kitchen with scullery
^Open-plan dining and lounge area
*Fireplace
*Huge wrap-around stoep (100m2 - the cost was around R200 000)
*Huge garden
Outside:
*2 Garages and a storeroom
*Lapa with braai
HOUSE 2: SELLING PRICE: R695 000
Inside:
*3 Good sized bedrooms
*2 Bathrooms, (main bedroom with en-suite)
*Open plan kitchen with good space for lounge and dining area
*Build-in bar
Outside:
*Double garage
*Stoep
*Private
Amenities:
Easy access to the main road to Bela Bela (10km from Bela Bela on the road to Nylstroom)
Neighboring Klein Kariba
Call to arrange your private viewing!